Russia keen to invest in Nagpur

A high-powered Russian delegation spent a day to see the facilities and infrastructure at MIHAN on Friday. They also visited MIHAN SEZ to explore investment opportunities in multiple sectors.

Written by Shubhangi Khapre | Mumbai | Published:October 16, 2016 4:26 am
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Chief Minister Devendra Fadnavis is likely to meet Union Defence Minister Manohar Parrikar next week to discuss projects envisaged in the defence-manufacturing sector in Nagpur by both domestic and foreign investors.

Officials said Russian Minister of Trade and Industry Denis Manturov, after visiting MIHAN (Multi-modal International Hub and Airport at Nagpur), has expressed interest in projects in the defence-manufacturing and aviation sectors. The officials added that during discussions with Fadnavis, the Russian minister, however, raised concerns over some technical issues, which they said needs to be taken up with the defence ministry.

A high-powered Russian delegation spent a day to see the facilities and infrastructure at MIHAN on Friday. The delegation — which had members from Russia’s aviation, shipping, railways and defence sectors — visited the Maintenance Repair and Overhaul (MRO) plant at TAL among others. They also visited the MIHAN SEZ to explore investment opportunities in multiple sectors.

Under the Make In India and Make In Maharashtra initiatives, Fadnavis has announced setting up a defence hub in Nagpur, his hometown.
“The Russian delegation evinced keen interest to collaborate in core sectors like defence and aviation after visiting our centres at MIHAN in Nagpur,” said Fadnavis.

“During our discussions, Manturov did raise some concerns related to private overseas investment and partnership-related operations and execution under the defence ministry. I will take up those concerns with the defence minister,” he added.

Talking to mediapersons, Manturov said, “The people of Maharashtra are very lucky as they have a young and dynamic chief minister who is doing so much for the development of this state. We would like to participate in this process to reap the benefits and have a win-win situation.”
In July, Fadnavis during his visit to Russia to address INNOPROM-2016 had invited them to explore investment potential and partnerships in various sectors such as defence, mining and engineering as part of the Make In India and Make In Maharashtra initiatives.

He had specifically highlighted the opportunities in the defence hub in Nagpur.

MIHAN already has a Boeing aircraft maintenance and repair overhaul (MOR) depot. Last year, the Anil Ambani-led Reliance Group took a decision to invest Rs 6,500 crore in a greenfield aerospace project on 289 acres at the MIHAN SEZ.

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