5.3 Lakh Cr To Drive Viksit Nagpur 2047 Grand Plan

Nagpur: Maharashtra govt on Saturday unveiled an ambitious long-term roadmap to transform Nagpur division into a defence, minerals and green industry hub, projecting investments of 5.25 lakh crore by 2047, up to 75% expected from private players.The "Viksit Nagpur 2047 – Sustainable Development Plan" was presented by Maharashtra Institution for Transformation (Mitra) chief executive officer Praveen Pardeshi at an MoU signing event at IIM Nagpur, in the presence of CM Devendra Fadnavis. The blueprint aims to generate over 9 lakh jobs while positioning the region as a centre for defence manufacturing, critical minerals, clean industries and high-value services.
Fadnavis described the event as a strategic roadmap to transform Vidarbha into a major driver of India's long-term growth. "Through Mitra and Niti Aayog, we are creating growth hubs in Mumbai's MMRDA region along with Pune and Nagpur. In future, development is coming in a big way around the cities along with a large number of jobs. We need to take help of frontier technologies, for which a meeting was organised at IIM," he said.The CM assured that the ambitious "Viksit Nagpur 2047" roadmap would be implemented in a time-bound manner, declaring that the long-term development blueprint "will not remain merely a document". "A comprehensive roadmap is being prepared to establish Nagpur as one of India's leading development centres," he said.He formally launched the GIS Mitra application during the event. Three separate MoUs were signed between Mitra and VNIT, IIM and Wadhwani Foundation to support research, innovation and institutional collaboration under the development framework. Out of the total projected 5.25 lakh crore investment, officials said 10,000–12,000 crore private projects are already under construction, while proposals worth 1.8 lakh crore are in the pipeline. An additional 2.7 lakh crore is proposed to be mobilised in the coming years. The funding structure envisages 65-75% private investment, 20-30% public investment and around 5% allocated to land costs.As an immediate step, the state outlined a Green and Resilient Ecosystem plan involving 35,000 crore over the next decade. Within this, 7,600 crore of private projects are under construction and 5,200 crore were announced. Around 22,000 crore is estimated as near-term investment, with an equal mix of private and public funding and about 5% towards land.The plan identifies five key priority areas: an integrated defence and UAV innovation hub; critical mineral and mining clusters; expansion of steel and heavy industry in Gadchiroli district; agro-processing and plant protein hubs focused on rice, oranges and pulses; and a green, low-carbon industrial platform integrating clean energy technologies.