Nagpur: In an
overwhelming response, Maharashtra government's two-day 'Advantage
Vidarbha-2013' conclave notched proposals worth Rs.18,500 crore on
the first day here Monday.
The Memorandums of Understandings (MoU) for as many as 24
mega-investment proposals, including eight of the Maharashtra
Industrial Development Corporation (MIDC), totally worth nearly
Rs.18,500 crore were inked in the presence of Chief Minister
Prithviraj Chavan and top industrialists and officials present on
Chavan, while assuring the best of infrastructure and other
facilities in the 11 districts comprising Vidarbha region of
eastern Maharashtra also announced that the event 'Advantage
Vidarbha' would now become an annual feature in the state's
"Vidarbha, strategically located in the heart of India, offers
excellent scope for industries, particularly textiles,
agro-products, tourism, automobiles and other sectors," Chavan
"Under the state's New Industrial Policy, we are offering lots of
incentives to industries coming up in Vidarbha and other
undeveloped regions of the state. I urge industrialists to take
full advantage of all this," Chavan urged in his inaugural
The chief minister listed other benefits of Vidarbha which is
blessed with abundant water and power supply, lush green forests,
including two tiger sanctuaries, availability of skilled labour
and a salubrious industrial climate which would be attractive for
industrialists to set up shop here.
Union Heavy Industries Minister Praful Patel, while complimenting
the state government for organising the conclave said it would
give a new direction to the industrial and financial development
Patel announced that a mega international class expo centre on the
lines of Pragati Maidan in New Delhi would be set up either in
Nagpur or nearby Butibori, and events like the automobiles
exhibitions would be held in this region.
Speaking on the occasion, state Industry Minister Narayan Rane
highlighted the New Industrial Policy declared recently which will
be valid for five years.
Rane also announced the setting up of an international convention
centre on 50 acres at Butibori, and assured that industries would
be accorded all possible assistance to enable them set up plants
Prominent among the personalities present at the two-day conclave
included Raymond Group chief Gautam Singhania, R.C. Bhargava of
Maruti Suzuki, and legislators and parliamentarians from Vidarbha.