Russian firm keen to invest Rs 1,000 crores in Maharashtra industrial city

[] Companies from Russia, China and Japan have shown interest in investing Rs 1,250 crores in the Aurangabad Industrial City in Maharashtra, which is being developed as part of the Delhi-Mumbai Industrial Corridor, a top government official has said

Companies from Russia, China and Japan have evinced interest in investing Rs 1,250 crores, in setting up their facilities at Aurangabad Industrial City (AURIC) in Maharashtra, a top government official said, on September 9, 2018. AURIC, located around 335 kms from Mumbai, in central Maharashtra, is a planned and greenfield smart industrial city, being developed across 10,000 acres, as part of the Delhi-Mumbai Industrial Corridor (DMIC).

You are reading: Russian firm keen to invest Rs 1,000 crores in Maharashtra industrial city

Russia’s Novolipetsk Steel (NLMK), a manufacturer of high-quality steel products, is keen on investing Rs 1,000 crores, for setting up a unit at AURIC-Shendra, Maharashtra Industrial Development Corporation (MIDC) general manager Gajanan Patil said. Patil is also the joint managing director of Aurangabad Industrial Township Ltd (AITL), a special purpose vehicle between MIDC and DMIC, which is overseeing AURIC development. NLMK is among Russia’s largest steel companies.

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“Representatives of the NLMK Group from Russia recently met us and have shown willingness to invest Rs 1,000 crores at AURIC-Shendra. They have sought permission to carry out a feasibility testing, for setting up their plant,” Patil said. “Their plan is to set up the facility on 75 acres,” the bureaucrat said, adding, “We have assured them of all support.”

Guangdong Baihe Medical Technology Co Ltd of China is mulling setting up a dialysis machine plant on 10 acres at AURIC-Shendra, Patil said.

Baihe Medical is among the leading medical device manufacturers in China and specialises in medical disposables for use in anesthesia, blood purification, infusion and wound care. “Baihe plans to invest Rs 100 crores in AURIC-Shendra,” Patil said.

“Fuji Silvertech, Japan’s leading precast concrete manufacturing company, with an installed capacity of 4,90,000 tonnes per annum, has also approached us for setting up precast infrastructure set up in AURIC-Shendra, with an investment of Rs 150 crores,” the official said. The Japanese company is looking at setting shop on a 20-acre plot under the government’s ‘Make in India’ initiative. It already has a plant at Ahmedabad and is looking to meet the growing requirement of high-quality precast concrete products across India, he said.

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AITL, tasked with the development and management of the new integrated industrial township, has its own set of DCR (development control rules), with a single-point contact for building permission, water supply and all related infrastructure, Patil said.

The DMIC is India’s ambitious infrastructure programme and aims at developing new industrial cities as ‘smart cities’ and converge next-generation technologies across infrastructure sectors. In the first phase, eight such new cities are being created. With an estimated investment of USD 100 billion, a high-tech industrial zone is planned, spread across six states.

It will leverage the connectivity backbone provided by the Western Dedicated Freight Corridor.

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Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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