Aurangabad industrial city woos investors from Telengana & Andhra to set up base

Thu, 2019-05-16 16:37 -- SCC India Staff


Maharashtra’s Aurangabad Industrial City (AURIC) is wooing businesses from Telangana and Andhra Pradesh to set up operations at the upcoming facility. AURIC is termed as a one-of-its-kind greenfield smart industrial cities in the country.

In Aurangabad, a roadshow was conducted to educate exporters, companies, entrepreneurs, on the opportunities and benefits of coming to AURIC. The smart industry city is being developed across 10,000 acres in the Marathwada region as a component of the Delhi–Mumbai Industrial Corridor.

It is promoted by Aurangabad Industrial Township Limited (AITL), a special purpose vehicle and partnership between DMICDC (an agency of Government of India) and MIDC (the investment promotion and facilitation arm of the Maharashtra government).

Joint managing director of AURIC, Gajanan Patil, said the smart industrial city project is expected to attract Rs 60,000-70,000 crore investment from global players. In 2018, AURIC attracted Rs 3,600 crore investment. It had allotted 52 plots comprising 507,164 sq mt and infrastructure packages of Rs 7,947 crore has been approved by Centre. The smart industry city is expected to create over 1,50,000 jobs and also offer housing facilities for over 3,00,000 people including industrial workforce and their families.