Last land parcel in Chakan Phase II reserved for mega projects

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A mega project, as per definition of the directorate of industries, is one which involves an investment of more than Rs 500 crore and generates employment for more than 1,000 people.

Anant Sardeshmukh, director-general of the Mahratta Chambers of Commerce Industries and Agriculture (MCCIA), said that of late Pune has been under radar of Korean and Taiwanese companies as a potential investment destination. “Three months ago, representatives of companies from these countries had visited Pune and were shown some potential sites,” he said. The companies in question, he said, are involved in electronics and hardware industries.

The Chakan industrial area in Pune has developed into a strong automobile hub over the last several years. Auto giants like Mercedes Benz, Mahindra and Mahindra, Volkswagen have set up their manufacturing plants, besides facilities to make automobile components like Araymod, Ina bearing etc. The area also has developed a good ecosystem of vendors. With the proposed investment of Taiwanese phone manufacturer in Talegaon industrial area in the pipeline, Pune has been gaining attention of electronics manufacturers also.

Meanwhile, data from Pune district’s industries office showed that of the 60 MoUs signed for mega projects, 45 units have been set up in the last 10 years. The total investment realised in the process is around Rs 44,725 crore.

Despite talks of a slowdown, the MIDC has reported steady growth of around 10 per cent year-on-year in its revenue from lease of land.

During the last financial year, the Chakan area has generated revenue of around Rs 189 crore for the MIDC in terms of leasing of land and building. The cumulative amount earned by the industry corporation by leasing of land and building last year was Rs 294.77 crore.