Nagpur, 06

Feb (HS): Four Memorandum of Understanding (MoU) were signed on Friday, the

first day of the Advantage Vidarbha 2026 industrial festival. Major among the

four MoUs was with Mahindra and Mahindra Limited with the State Government for

investing Rs 15,000 crore in Nagpur.

Advantage

Vidarbha Khasdar Audyogik Mahosav, a brain child of Union Minister Nitin

Gadkari was inaugurated in Nagpur on Friday.

Mahidra and

Mahindra will invest the money in phases over the next ten years, with actual

production expected to start in 2028. As a part of the project, an automobile

facility will be established in Nagpur comprising automobile, electric vehicles

and tractor manufacturing units. About 1,500 acres of land will be acquired in

Nagpur for the project. In addition a supplier park will be developed over 150

acres of land in Chhatrapati Sambhajinagar.

Rajesh Jejurikar

of Mahindra and Mahindra stated that Maharashtra offers a very conducive

environment for industries, with the State Government and local people being

industry-friendly and ambitious. He also appreciated the support extended by

the President of the Association of Industrial Development. He expressed

gratitude towards Chief Minister Devendra Fadnavis and Union Minister Nitin

Gadkari.

In his

address Fadnavis praised the Association of Industrial Development under the

leadership of Ashish Kale and expressed satisfaction over such a large scale

investment in the Vidarbha region.

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Hindusthan Samachar / Ajay Vasant Mardikar