Japanese Industrial Park to be ready by April 2017: MIDC

NASHIK: With the date of allotment of industrial plots to Japanese firms inching closer, the Maharashtra Industrial Development Corporation (MIDC) has fasten the process of land acquisition for the proposed Japanese Industrial Park at Supa village in Parner. The allotment is expected to begin by the first half of the next financial year. The MIDC already has acquired 213 hectares (532 acres) of the total 233 hectares (582 acres) and process for infrastructure is expected to begin in the next two-three months. The MIDC is expecting to finish the infrastructure work by April end. The proposed Japanese industrial zone is expected to attract an investment of around Rs 2,000 crore.

Speaking to media, Hemangi Patil, MIDC regional officer, said, “The MIDC has proposed additional industrial areas on a total of 927 hectares (2,318 acres) at Supa. Of which, 406 hectares (1,015 acres) have been acquired so far. We are planning to speed up the acquisition process for remaining 521 hectares (1,303 acres).” He added, “The proposed additional industrial estate will house the Japanese Industrial Park proposed on 233 hectares. Of which, we have already acquired 213 hectares, while the rest will be acquired shortly. We are planning to develop infrastructure like roads, water and electricity at the earliest. For this, tender would be floated shortly.”

We are expecting the industrial park to be ready by April and allotment of plots will begin in the first half of the next financial year 2017-18, said Patil.

The names of companies coming to Japanese industrial park will be clear only after the infrastructure is developed. According to sources, around 25-30 Japanese companies have conducted site visits of the proposed industrial zone, but it will be difficult to predict which companies are going to come.

Credits ET Realty

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