The Economic Times
Nagpur, known as India’s Orange City and Zero Mile City, is back in the reckoning. A study conducted by a private research agency has rated Nagpur among the fastest growing investment destinations of India.
According to a study done by Deloitte Touche Tohmatsu India, developments in the recent years bear a testimony to the advent of Nagpur on India’s investment horizon. Maharashtra Airport Development Company (MADC) is developing a multi-modal international airport and a multi-product SEZ over 4,025 hectares.
According to property consultants Jones Lang LaSalle, Nagpur is among top IT/ITES commercial destinations among the Tier III cities. IT majors like TCS, Satyam, HCL and Hexaware Tech have purchased around 500 acres for their proposed projects.
On the investment front, four major sectors are expected to fetch an investment of around $16,135 million over the next decade or so. The tourism sector has pegged an inflow of $120 million.
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