Nagpur: The Multi-modal International Cargo Hub and Airport at Nagpur Special Economic Zone (MIHAN-SEZ) has attracted fresh investment with four Nagpur-based companies securing land parcels to set up new facilities, collectively bringing in an investment of nearly Rs 150 crore and expected to create around 400 employment opportunities.
According to officials, about 17.5 acres of land has been allotted to the four companies within the SEZ. The firms have expressed their intention to complete construction of their units by the end of next year, paving the way for expanded industrial activity in the zone.
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Among the new entrants is V-5 Ideas Pvt Ltd, which works in lithium-ion battery technology. The company has been allotted a 13-acre plot (Plot No. 6B-3) in Sector 11. Operating from Katol Road since 2023, the firm is involved in hardware consultancy and research in natural sciences and engineering.
Another company, Bhagyashree Home Appliances Pvt Ltd, has secured 2.5 acres in Sector 12A. Presently functioning from Hingna, the firm supplies aircraft components to companies operating in MIHAN, including Tata Cummins Limited and DRAL. Relocating to the SEZ is expected to improve its supply chain efficiency and enhance export potential.
The third company, Ideal Mockups Pvt Ltd, which has been operating from Hingna since 2011, specialises in industrial design and consumer product prototyping. The firm has been allotted one acre (Plot No. 28) in Sector 18.
Meanwhile, Anitra, a software firm currently based in Butibori, has also secured one acre of land (Plot No. 30) in Sector 18 to establish its new facility.
Officials from Maharashtra Airport Development Company (MADC), which manages the MIHAN project, said the companies will be given a four-year window to complete construction, though many are expected to finish their facilities within one to two years.
“Once these units become operational, they are likely to generate around 400 jobs within the MIHAN-SEZ. The availability of robust infrastructure and logistics facilities continues to attract new investments to the zone,” said Sanjay Ingle, Marketing Manager at MADC.
