Invest In Nashik
Why should you invest in Nashik?
Nashik as a city has a lot of things going in its favour. Among its most significant advantages is its geographical location. In terms of both population and area, the city is the biggest in north Maharashtra. By road, Nashik is roughly 180 KM from Mumbai, which also happens to be India’s financial capital. The train journey for the same takes under 3 hours with further improvements on the anvil. Cementing this advantage is the proximity Nashik shares with Pune, which is one of India’s biggest IT and educational hubs. Distance by road is just over 200 KM while the train journey takes around 5-6 hours. This geographical positioning has earned Nashik a coveted spot as one of the three cornerstones of the Golden Triangle of Maharashtra (with Mumbai and Pune), which is expected to be the powerhouse that will drive the state’s economy in the future.
Nashik has also benefited majorly by the saturation that Mumbai and Pune have seen over the years. Both investors and businesses are looking for greener pastures to invest and there cannot be a better option than Nashik at this time. In terms of industrialization, the city is already the third biggest in the state, with plenty of room for further expansion.
- Agriculture accounts for a major share of Nashik’s GDP. The city’s tomatoes, table grapes and onions are exported overseas in addition to the whole of India.
- The city is blessed in terms of water sources. Although the Godavari and the Girna are two of its biggest and most important rivers, Nashik also boasts of close to 30 other smaller rivers. When combined with favourable soil conditions, this makes for a very attractive package for agriculture investors.
- Nashik’s climate, over the years, has been among its biggest strengths. Used as a summer and spring retreat in the days bygone, the city continues to attract many to its fabulous climate and natural beauty. The overall climate of Nashik can be described as dry with the exception being the monsoon season.
- The Konkan region of Nashik receives some of the highest rainfall in the state, which also helps to fill-up all the major dams in this belt. This concentration of water resources is large enough to supply water to the cities of Mumbai, Aurangabad and Jalgaon throughout the year.
- A major part of the credit towards this pleasant climate goes towards Nashik’s low pollution levels. The high levels of greenery only aid this aspect further.
Major Developments Over the Years
- Development of industrial hubs by MIDC at five locations in and around Nashik, viz. Ambad, Satpur, Gonde, Dindori and Sinnar.
- Construction of a six-lane expressway between Nashik and Mumbai. Similar project between Nashik and Pune is about to be launched.
- Construction of one of the largest flyovers in India running through the heart of the city.
- Work on launching dedicated passenger and cargo terminals at the city’s Ozhar airport is reaching last stages.
- Enhanced reputation as an industrial, manufacturing and pharmaceutical hub thanks to the presence of major groups and companies like M&M, Bosch, VIP, Samsonite, GlaxoSmithKline, Glenmark, Fem, CEAT etc. Nashik is also a known center for sugar production, textile manufacture and oil processing.
- Home to two major state universities, viz. MUHS and YCMOU. Has seen the establishment of a number of major institutions of higher learning across different sectors. Many schools with affiliations to different examination boards have also set shop in Nashik.
- Nashik is also famous world over as India’s wine capital. More than 30% of the country’s wineries are located here. Zampa and Sula are two brands from the city with immense international acclaim.
The last decade has seen the development of a number of malls, hotels and restaurants, multiplexes, showrooms, single- and multi-specialty hospitals, universities and colleges. Together with the above outlined factors, this has made Nashik a viable investment alternative to overcrowded cities like Mumbai and Pune.