Economic and Social Impact
The project has already spurred a real estate boom in Nagpur with property prices increasing 25 to 40 percent. Project is expected to add 12 million people to city’s population by means of direct and indirect employment. The project aims at boosting the economy of under developed Vidarbha region of Maharashtra and stop the brain drain to other parts of Maharashtra and India. From environmental perspective half a million trees would be planted and there would be no polluting industries in MIHAN.
For growth of any area presence of core industries is a must and Nagpur has MIDC area, Asia's second largest air maintenance workshop, SEZ, Gitanjali Jewellery Park, Food Park and many more other projects under implementation with IT majors presence and logistics businesses. The Maharashtra government has already taken care of infrastructure availability like roads, water, power etc. Also to meet the manpower demand, Nagpur University has given sanction to 43 new Engineering colleges in and around Nagpur only. Singapore Changi Airport has been selected as the consultant for this project.
Read more about this topic: Multi-modal International Cargo Hub And Airport At Nagpur
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