Four New Companies Approved for MIHAN SEZ, Bringing Total to 50

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MIHAN SEZ business expansion with four new approved companies. Nagpur

Nagpur MIHAN Special Economic Zone (SEZ) continues to expand. Four new companies have been approved to commence operations, bringing the total number of firms in the SEZ to 50. This marks another milestone in the region’s economic growth.

The approvals were granted during the fourth Unit Approval Committee (UAC) meeting held on January 28, where 12 proposals were reviewed. Out of these, five were new applications, and four companies secured immediate approval, while one awaits further documentation.

With a combined investment of ₹4.50 crore, these companies are expected to generate approximately 170 new jobs, further boosting employment opportunities in Nagpur. Authorities continue their efforts to attract more businesses and investments to MIHAN SEZ.

What is MIHAN SEZ?

MIHAN SEZ (Multi-modal International Hub Airport at Nagpur Special Economic Zone) is a strategic initiative aimed at transforming Nagpur into a global business hub. It offers incentives and infrastructure to attract companies from various sectors, including IT, manufacturing, and aviation.

Companies Approved for MIHAN SEZ

The four newly approved companies specialize in diverse sectors:

1. Perla IT (Nagpur)

Expertise: Computer services, software development, web design, and product management.
Contribution: Strengthening Nagpur’s IT landscape and generating tech-driven employment opportunities.

2. Cloud Science Labs Pvt. Ltd. (Delhi)

Expertise: Designing and developing cloud-based CRM services.
Contribution: Enhancing digital transformation efforts through cloud-based solutions.

3. People Global Services Pvt. Ltd. (Nagpur)

Expertise: IT consulting and support services.
Contribution: Providing businesses with advanced IT solutions and consulting expertise.

4. Master Medical Solutions Pvt. Ltd. (Nagpur)

Expertise: Manufacturing medical, surgical, dental, and veterinary instruments.
Contribution: Strengthening the medical device sector and ensuring high-quality healthcare equipment.

Investment and Employment Impact

Total Investment: ₹4.50 crore.
Job Creation: 170 new employment opportunities.
Long-term Growth: Attracting further investments and strengthening Nagpur’s economy.

ADCC’s Investment Proposal Under Review

Nagpur-based ADCC has proposed an investment of ₹11.64 crore to establish operations within MIHAN. However, its proposal is currently pending due to incomplete documentation. Authorities expect the necessary details to be resubmitted soon, paving the way for final clearance.

Why MIHAN SEZ is Attracting Companies?

MIHAN SEZ offers numerous benefits that make it an attractive business hub:

Tax Incentives: SEZs provide tax exemptions and financial benefits.
Strategic Location: Central India’s positioning facilitates seamless logistics and trade.
Infrastructure: State-of-the-art facilities ensure smooth business operations.
Workforce Availability: Access to skilled professionals across industries.

Future Growth Prospects for MIHAN SEZ

With consistent efforts from the government and development authorities, MIHAN SEZ is poised for further expansion. Upcoming projects and ongoing investments will continue to boost the local economy and generate employment.

MIHAN approval of four new companies marks another step in its growth trajectory. With increased investment, job creation, and an attractive business environment, Nagpur’s SEZ is rapidly becoming a hub for innovation and industrial expansion. As more firms explore opportunities in MIHAN, the region is set to witness a transformative economic shift.