Maharashtra Acquires Land for Industries in Gadchiroli
By Rediff Money Desk, NAGPUR Nov 24, 2023 18:53
Maharashtra government plans to acquire 5,000 hectares of land in Gadchiroli for industrial development, attracting investments from major companies like Lloyds Metals and Varad Ferro.
Nagpur, Nov 24 (PTI) The Maharashtra government plans to acquire 5,000 hectares of land in Gadchiroli district, affected by Left Wing Extremism, for industrial development, Industries Minister Uday Samant said on Friday.
He made the announcement during a review meeting of the industries department and the District Planning Committee.
Samant highlighted the interest of several major industrial houses in establishing their units in Gadchiroli which has created the need for substantial land acquisition.
The minister informed about the proposed Rs 22,000-crore investments by companies like Lloyds Metals and Varad Ferro in the district, for which he said, MoUs have been signed and notifications are set to be published soon.
Plans to acquire land for new industries were outlined at the meeting, covering areas like Chamorshi, Mulchera, Armori and Sironcha, totalling approximately 5,000 hectares, he said.
Ambuja Cement, JSW and other companies have expressed willingness to set up units in Gadchiroli which would position the district among the top five in the state in terms of industrial development, said Samant.
To support employment initiatives and industrial projects, an Udyog Bhawan will be constructed at Gadchiroli with an investment of Rs 14 crore, he added.
He made the announcement during a review meeting of the industries department and the District Planning Committee.
Samant highlighted the interest of several major industrial houses in establishing their units in Gadchiroli which has created the need for substantial land acquisition.
The minister informed about the proposed Rs 22,000-crore investments by companies like Lloyds Metals and Varad Ferro in the district, for which he said, MoUs have been signed and notifications are set to be published soon.
Plans to acquire land for new industries were outlined at the meeting, covering areas like Chamorshi, Mulchera, Armori and Sironcha, totalling approximately 5,000 hectares, he said.
Ambuja Cement, JSW and other companies have expressed willingness to set up units in Gadchiroli which would position the district among the top five in the state in terms of industrial development, said Samant.
To support employment initiatives and industrial projects, an Udyog Bhawan will be constructed at Gadchiroli with an investment of Rs 14 crore, he added.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Standard Capital
- 1.50 ( -0.66)
- 36469489
- Vodafone Idea L
- 9.12 (+ 0.22)
- 34742533
- Srestha Finvest
- 0.81 ( -4.71)
- 27777771
- Spicejet Ltd.
- 66.47 (+ 1.16)
- 20250094
- KBC Global
- 2.35 (+ 1.73)
- 15267597
MORE NEWS
Gen Z Spending Power: USD 860 Billion Impact on...
India's Gen Z, 377 million strong, holds USD 860 billion spending power, driving 43% of...
Nestle CMD on Quality & Safety: 'No Jugaad,...
Nestle CMD Suresh Narayanan stresses the importance of quality and safety as cultural...
Capital Group Sells 1.7% Stake in Mastek for Rs...
US-based Capital Group has sold a 1.7% stake in IT firm Mastek for over Rs 148 crore...