Nagpur signs MoUs worth Rs 6,100 crore for projects

Nagpur has signed agreements worth Rs 6,100 crore to establish various projects, including three luxury hotels. The hotels will be the Taj Gateway, Hilton, and Hyatt, and will together require an investment of Rs 875 crore. The MoUs were signed by over 150 companies. The agreement for the Taj Gateway hotel is separate from a previous MoU with the Tata Group for a Taj Mahal hotel in Mumbai. This earlier project has an investment proposal of Rs 400 crore. The Hilton and Hyatt hotels have investments proposed at Rs 175 crore and Rs 300 crore, respectively. The signing took place with the presence of officials, including divisional commissioner Vijayalakshmi Bidari. This event marks the beginning of similar MoU signings planned for various districts in the region starting next month. There are also proposals for four other hotel projects from different companies. Investments range from small to large enterprises. Government officials have indicated that they will provide support to these industries. Additional significant investments include over Rs 1,100 crore from Xolopak India Limited for a packaging unit in Gondia, and a similar unit planned for Nagpur. Another company, Inventys Research, is looking to set up a facility to produce alternatives to materials currently imported from China for the pharmaceutical sector. Initial procedures, including land acquisition, are underway for many of these proposals.