MIHAN NAGPUR
MIHAN - Multi-modal International Cargo Hub and Airport at
Nagpur is the biggest economical development project
currently underway in India in terms of investment.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 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.
Nagpur is the biggest economical development project
currently underway in India in terms of investment.A finaldestination 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 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
Maharashtra Government formed a special purpose entity in
the name of Maharashtra Airport Development Company (MADC)
for development of MIHAN.
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.
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.
Project details
The proposed plan for the upcoming international airport and cargo hub
the name of Maharashtra Airport Development Company (MADC)
for development of MIHAN.
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.
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.
Project details
The proposed plan for the upcoming international airport and cargo hub
International airport
To meet the increase in demand of air traffic in India and provide the required world-class infrastructure for the aviation sector, the existing airport of 400 hectares would be expanded to 1364 hectares. The project consists of widening and extending the present runway (3200 meters x 45 meters) to (3600 meters x 45 meters) to meet international standards. Also it will have provision for a similar runway (4000 x 60 m) in the future. The airport will have parking space for 50 aircraft at any time with 50 additional bays at fringe areas. more
Special Economic zone:
A new SEZ of 2086 hectares, largest multi-product SEZ in India, would be built along side the airport. Out of 2086 hectares, 1472 hectares would be used by various processing units to be set-up and remaining 614 hectares for service sector unit. Like all SEZs it will have financial incentives and soft taxation policy to attract investment. The initial set-up material for these units and later raw material will be duty-free. Major sections of SEZ would be -
* Information technology park spread over 500 hectares and would include all necessary infrastructure for IT companies.
* Health city spread over 40 hectares that will have multi-specialty hospitals along with training institutes for nurses and medical technicials.
* Manufacturing industry unit that would include industries from sectors like textile and garment, gems and jewelry, food processing, pharmaceuticals and bio-medical. It would also have units for finance and insurance service companies. more
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