Pune’s Rs 5,000-cr growth leap: City set to become tech & industry powerhouse

TNN / Updated: Feb 3, 2026, 14:29 IST

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Budget allocation

The Centre has earmarked Rs 5,000 crore in the Union Budget 2026 for the development of the proposed Pune economic growth hub, giving a major push to the project. (AI Image)

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Background push

The Budget announcement comes months after Chief Economic Adviser BVR Subramanyam visited Pune in October 2025 to discuss a roadmap for converting the region into a high-growth economic zone. (AI Image)

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City-based model

Pune is one of seven cities identified nationwide for the creation of city-based economic regions aimed at accelerating regional and sector-driven development. (AI Image)

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Five-year funding plan

nder the scheme, each selected city, including Pune, will receive Rs 5,000 crore over the next five years to support planned infrastructure and economic initiatives. (AI Image)

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State-level alignment

The Pune growth hub aligns with Maharashtra’s parallel plan to develop three growth hubs—MMR, Pune and Nagpur—in coordination with Niti Aayog. (AI Image)

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Institutional collaboration

Niti Aayog, the Maharashtra government and Pune International Centre have signed an MoU to jointly plan and execute the Pune economic growth hub. (AI Image)

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Master planning process

Pune International Centre is currently preparing a detailed economic master plan, with stakeholder consultations and data collection underway, and an interim report expected soon. (AI Image)

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Geographical coverage

The growth hub spans 6,914 sq km, covering Pune district, PMC, PCMC, cantonment areas, municipal councils and key industrial authorities. (AI Image)

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Overall investment size

The proposed master plan is estimated to involve a total investment of around Rs 80,000 crore, including public and private participation.

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Development objectives

The project aims to position Pune as a global centre for technology, manufacturing, education, artificial intelligence and cultural heritage, while creating jobs and strengthening regional infrastructure.