Latest news with #DMIC
Time of India
4 days ago
- Business
- Time of India
Industries seek swift action for Nashik airport expansion ahead of Kumbh Mela
Nashik: Four months after industries repeatedly urged chief minister Devendra Fadnavis and other ministers to expand the Nashik airport in anticipation of the upcoming Simhastha Kumbh Mela, state govt has not taken concrete steps, raising concerns among the industrial sector. A delegation from the Nashik Industries and Manufacturers' Association (Nima) met NCP MP and party's state president Sunil Tatkare during his recent visit to Nashik. The delegation requested Tatkare to take up the issue with both state and central authorities ahead of the religious conglomerate scheduled between 2026 and 2028. Tatkare held a separate meeting with Nima members to discuss the expansion of the Nashik airport terminal and the inclusion of Nashik in the second phase of the Delhi Mumbai Industrial Corridor (DMIC). Attending the meeting with Tatkare were Nima president Ashish Nahar, vice-president and chairman of the aviation committee Manish Rawal, secretary Rajendra Ahire etc. The delegation also submitted a memorandum to Tatkare regarding the matter. Association members said the airport terminal expansion would take approximately two years; therefore, they stressed on the immediate need to develop proper plans and commence work, considering there are less than two years until the Kumbh Mela. Nima vice-president Rawal said Tatkare assured the delegation he would promptly raise the issue with deputy chief minister Ajit Pawar. Moreover, he committed to meeting the relevant Central cabinet ministers to facilitate the expansion of the airport. "We also requested Tatkare to pursue Centre for the inclusion of Nashik in the second phase of the DMIC. He assured us he would take up the matter with the ministers concerned in Delhi," Rawal said. In Jan 2025, Hindustan Aeronautics Ltd (HAL), which manages the Nashik airport, requested state govt to expand the airport amid a projected increase in passenger numbers during the Simhastha Kumbh Mela. HAL submitted proposals twice in the last four months seeking the expansion of the airport terminal building and an increase in aircraft parking bays from the current five to 15. However, state govt has yet to initiate any action in this direction. Conversely, an industrialist noted during the meeting that state govt is allocating Rs 1,200 crore for the development of Shirdi airport, but has not made any decision regarding the expansion of the Nashik airport. Nashik airport, located at Janori, approximately 20km from Nashik city, was developed jointly by state govt and HAL at a total cost of Rs 94 crore in 2013 and 2014. State govt invested Rs 84 crore, while HAL contributed Rs 10 crore and provided land for the airport's construction. State govt has leased the Nashik airport terminal building to HAL for 30 years at a rate of Rs 1,000 per month. The airport's seating capacity is currently 300 passengers at a time, whereas during the Kumbh Mela, passenger footfall is expected to reach 1,000 per hour. Consequently, industries urge state govt to develop the Nashik airport ahead of the Kumbh.
Time of India
17-05-2025
- Business
- Time of India
Dholera investment regions sees 10-fold jump in land prices over a decade, say developers
Representative image The Dholera Special Investment Region (SIR) in Gujarat, envisioned as a smart industrial city under the Delhi-Mumbai Industrial Corridor (DMIC), has witnessed a tenfold increase in land prices over the past decade, driven by growing investor interest and rapid infrastructure development , according to local developers. 'Prices per square yard across various Town Planning (TP) Schemes in the Dholera region have increased to a high of Rs 7,000 to Rs 10,000,' said Lalit Parihar, Founder and Managing Director of Dholera-based developer Aaiji Group, citing available industry data. In other TP schemes, land prices currently range from Rs 3,000 to Rs 7,000 per square yard, reflecting a tenfold rise over the last 10 years, he added as quoted by PTI. The region's transformation is being accelerated by major infrastructure projects nearing completion, including the Ahmedabad-Dholera Expressway and the upcoming international cargo airport, both expected to be operational in 2025. 'The 109-kilometer expressway is progressing rapidly, and projects like the Bhimnath-Dholera broad-gauge rail line and the Vande Metro will significantly enhance connectivity in the region,' said Ruturajsinh Chudasma, Partner at Dholera-based Infinity Infracon. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo 'With infrastructure now visible on the ground, investor confidence is at an all-time high. The growth in land prices is a reflection of this shift. This data further reinforces Dholera's emergence as a high-potential real estate destination,' Parihar said. Dholera SIR is steadily positioning itself as a major investment hub, already attracting over 100 companies. Among the most significant investments is Tata Electronics ' Rs 91,000 crore semiconductor project, underscoring the region's strategic importance and long-term growth potential. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
24-04-2025
- Business
- Time of India
Even after a decade, Nashik awaits inclusion under DMIC
Nashik: Industrialists from Nashik have urged Maharashtra Industrial Development Corporation (MIDC) to include Nashik in the second phase of Delhi Mumbai Industrial Corridor (DMIC) project. A delegation of Nashik Industries & Manufacturers' Association (AIMA), led by its president Ashish Nahar, recently met MIDC CEO P Velarasu in Mumbai and urged him to make efforts to include Nashik at least in the second phase of DMIC project. Velarasu assured the delegation that he would make all efforts to include Nashik in the second phase of DMIC. Nahar said they held talks with MIDC CEO Velarasu on various industry-related issues. "We requested him to make efforts for inclusion of Nashik in the second phase of DMIC project," he said. "We are also planning to meet Union minister of commerce and industries Piyush Goyal and request him to include Nashik in DMIC project," added Nahar. The DMIC project seeks to create a strong economic base with a globally competitive environment and state-of-the-art infrastructure to activate local commerce, enhance investments, and attain sustainable development. In 2013-14, Nashik was not included in the first phase of DMIC primarily due to concerns raised by the state's water resources department about the availability of water for industrial use, despite the district having numerous dams. The Water Resources Department expressed its inability to reserve water in the dams for the project. The provision of 24 million litres per day (MLD) of water was required for the second phase. Nashik was excluded from the first phase due to the report by WRD, but Chhatrapati Sambhajinagar was included in the first phase at that time. Even after a decade, Nashik is still awaiting its inclusion in DMIC project, even though industrial organisations have been making efforts by pursuing the state govt for inclusion in the second phase of the project. "Nashik has significant potential in manufacturing, agriculture, and food processing. If Nashik is included in the second phase of DMIC, it would boost industrial growth, attract largescale investments, and create employment opportunities," said Manish Rawal, vice-president, NIMA.
India.com
24-04-2025
- Business
- India.com
100 trains, 12 platforms, airport-like facilities and...: New 'king' of railway network to be built in...., It's name is...
100 trains, 12 platforms, airport-like facilities and...: New 'king' of railway network to be built in...., It's name is... The pace of development of Western Uttar Pradesh is happening at a lightening speed. A grand and ultra-modern railway station 'Greater Noida Terminal' is going to be built in Bodaki area of Gautam Buddha Nagar district, which will be the biggest railway terminal of western Uttar Pradesh till date. This will not be just a station, but a multimodal transport hub (MMTH) that will turn Greater Noida into India's smartest railway connection hub. The station, to be built on 176 hectares of land near Bodaki, will be an integral part of the MMTH project, with 46 hectares of land alone being used for the railway terminal. The station has been specifically designated as a 'mega terminal'. It will have 12 large platforms, which will handle around 100 trains every day, including high-speed trains like the Vande Bharat Express . The terminal has been designed as a complete transit experience , not just a place to catch a train. It will be built as a multi-level structure with train movement below and amenities like retail stores, office space and guest houses above. It will also have hi-tech features like state-of-the-art toilets, food court, waiting lounge and digitalised information system to give passengers an airport-like feel. The initial estimated cost of this mega project was around Rs 1,850 crore , but due to rising construction costs and expansion of facilities, its cost has now almost doubled. The built-up area of the station will be 70,000 square metres. There will also be 63 yard lines here, where maintenance and parking of trains will be done. This mega terminal is an important project of the Delhi-Mumbai Industrial Corridor (DMIC). The terminal will also ensure direct metro and bus connectivity to Noida, Greater Noida, Delhi and other areas of NCR. It will include ISBT (Interstate Bus Terminal), local bus terminals and a metro station, connecting the entire region with a robust and integrated transit system. The project was declared a special railway project in December 2024, which has accelerated the land acquisition for it. According to officials, now only some land belonging to the railways is left to be acquired, which will be completed in two months under the Railway Act. Acquisition of other lands has already been completed.
