Nitin Gadkari sought investments from Tata Sons by citing strengths like infrastructure, land availability, and connectivity in Maharashtra
Mumbai: Union Minister Nitin Gadkari had written a letter to Tata Sons Chairman N Chandrasekaran. In the letter, he said that group companies engaged in businesses like steel, auto, consumer products, IT services, and aviation can choose to invest in Nagpur. Gadkari has sought investments from the Tata Group in and around Nagpur.
He had sought investments from Tata Sons by citing strengths like infrastructure, land availability, and connectivity in Maharashtra as two mega projects have gone to Gujarat recently.
The letter was shared with the media on October 29. Maharashtra has lost several big-ticket projects to neighboring Gujarat. Over ₹ 1.5 lakh crore investment from Foxconn-Vedanta on chip manufacturing and the ₹ 22,000 crore aircraft manufacturing project where the Tata Group has tied up with Airbus, have gone to Gujarat.
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Recently speaking at an event Chandrasekaran said that Tata is exploring investments in electronics, renewable energy, electric vehicles, and other modern sectors. It is also engaged with the newly formed state government under Chief Minister Eknath Shinde for the same.
In the letter, Gadkari said that there are over 3,000 acres of land in the Multi-modal International Hub Airport at Nagpur (MIHAN) SEZ and non-SEZ area. There are many companies that have set bases in the vicinity.
“All Tata Group companies like Tata Steel, Tata Motors, Tata Consumer Products, Voltas, Titan Industries, and Big Basket may enjoy the strengths of Nagpur like overnight connectivity with 350 districts of six states, lower rates of land, manpower, and warehousing,” the minister said in the letter.
“Tata Group’s airline ventures Air India, Vistara, and AirAsia India can cut costs by making Nagpur as a hub of their operations and choosing to park aircraft at night,” Nitin Gadkari told Chandrasekaran.
Gadkari emphasized that more MROs can be taken into consideration given the group’s expansion goals in the sector and that Air India already has an MRO facility at MIHAN.
“Separately, the group can also look at large warehousing for aviation spares for its own use and also for other airliners,” he said.
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