MIHAN nagpur – Multi-modal International Cargo Hub and Airport at Nagpur is the biggest economical development project currently underway in India in terms of investment. MIHAN is spread over an area of 4354 Hectares. MIHAN is an Ideal business hub, located in the geometrical centre of India and easily accessible to all the metro cities of India.
A final destination for all your business related needs, supported by excellent infrastructure, easy and fast procedural systems and continuous support and service through one window operation. MIHAN Project consists of two parts namely “International airport” to act as a cargo hub and a “Special Economic Zone” with residential zone covering a total area of 40.25 sq. km on the southern end of Nagpur. Maharashtra Government formed a special purpose entity in the name of Maharashtra Airport Development Company (MADC) for development of MIHAN. The project is financed by multiple Indian banks with total loan amount of INR 3,000 million along with investment from state government and Airports Authority of India. With a projected target of serving 14 million passengers and handle 0.87 million tones of cargo this is one of largest aviation project in India. The estimated capital cost of the project is INR 2581 crores (by year 2035) and is supposed to generate revenues INR 5280 crores.
Organizations State government’s Maharashtra Airport Development Company(MADC) is formed in joint partnerships with equal shares from City and Industrial Development Corporation(CIDCO), Nagpur Improvement Trust (NIT), Maharashtra Industrial Development Corporation(MIDC), Maharashtra State Road Transport Corporation(MSRTC) and Nagpur Municipal Corporation(NMC). Singapore Changi Airport have been selected as the consultants for the project. Indian Air Force(IAF) is also going to come up with its own Gajraj project along side MIHAN. Indian Railways would have new station coming up near MIHAN to connect cargo hub with countries rail network. MADC would later play a larger role in Maharashtra for airports not owned by AAI and IAF. CIDCO has been selected as it had successfully formed the CIDCO city near Mumbai. As the project progresses, Nagpur will see a influx of migrants adding to city’s population. The existing city bus service would not be able to cope up with this. So a new bus mass transit system would be started with combine efforts from NMC, NIT, MSRTC and MIDC each organization playing part in it. NMC and NIT are together responsible for civic administration in Greater Nagpur Metropolitan Area and MSRTC along with Indian Railways would be responsible for developing logistic infrastructure.
Will the MIHAN project be able to catapult Nagpur towards becoming a major industrial hub ?
No dreams comes true overnight. MIHAN project is the God gift for Vidarbha region. For growth of any area there must be core industries presence and Nagpur has MIDC area, Asia’s second number air maintenenc workshop, SEZ, Gitanjali Jewellery Park, Food Park, many more other projects under implementation with IT majors presence and logistic businesses. Behind every project there will be 100’s of small businesses coming up. This will definitely attract potential investors from all over world. The Maharashtra government has already taken care of infrastructure availability like roads, water, power etc. To meet the manpower demand Nagpur University has given sanction to 43 new Engineering colleges in and around Nagpur only. Hence There is no doubt that Nagpur is going to become Industrial Hub with in coming 5 years. We hope our Nagpur will be called as next Singapore.
- Total Project Area 4025 ha.
- Airport 1200 ha.
- Road & Rail Terminal 200 ha.
- Captive Power House 52 ha.
- IT Parks 400 ha.
- Health City 60 ha.
- Other Manufacturing & Value Added Units 963 ha.
- International School 10 ha.
- Residential, Open Spaces, Hotels, Roads, Interchange & RoB, Water Supply, Storm Water
- Drainage, Sewage System, Entertainment, Utility & Land for IAF (exchange)