Home / Business and Economy / Vidarbha Attracts Rs 10,880 Cr in Mega Investment Drive
Vidarbha Attracts Rs 10,880 Cr in Mega Investment Drive
7 Feb
Summary
- Over Rs 10,880 crore in MoUs signed for Vidarbha's development.
- Galaxy Solar Energy to invest Rs 10,080 crore in Nagpur plant.
- Maha-Metro partners for a new 350-bed hospital in Nagpur.
Maharashtra's Vidarbha region is poised for substantial economic expansion following the signing of Memoranda of Understanding (MoUs) totaling over Rs 10,880 crore. These agreements target key sectors including solar energy, healthcare, and manufacturing, signalling a robust investment climate.
The 'Advantage Vidarbha - Khasdar Audyogik Mahotsav 2026' saw the groundbreaking of several projects. A significant portion of the investment, Rs 10,080 crore, will be utilized by Galaxy Solar Energy to establish an integrated solar and battery energy storage system manufacturing plant in Nagpur, slated for completion in phases by 2036.
Maha-Metro has partnered with Quality CARE India Ltd (QCIL Care Group) for a new multi-speciality hospital in Nagpur, featuring over 350 beds. This public-private venture is expected to attract Rs 600 crore in investment and generate approximately 1,500 to 1,800 direct jobs. Another MoU with GR Infraprojects will see a Rs 200 crore tower manufacturing plant established in Nagpur.
Chief Minister Devendra Fadnavis emphasized Vidarbha's rapid growth and the government's commitment to policy-led development. Plans are also underway to develop Gadchiroli as a green steel hub and position cities like Nagpur as destinations for the global capability centre (GCC) ecosystem. The state government is actively revising and introducing new industrial policies to foster 'policy-led growth'.
