The ongoing World Economic Forum (WEF) summit in Davos has brought a wave of promising investment proposals worth ₹69,000 crore for Vidarbha, with Nagpur emerging as a focal point for industrial growth. Chief Minister Devendra Fadnavis, leading the Maharashtra delegation, announced that these investments are expected to generate over 5,000 jobs across multiple sectors.
Key Investments in Vidarbha:
- Vardhaan Lithium
- Investment: ₹42,535 crore
- Sector: Lithium refinery and lithium battery manufacturing
- Jobs Created: 5,000
- Location: Butibori, where the government has already earmarked over 2,000 hectares of land.
- Ceat Group
- Investment: ₹5,000 crore
- Sector: EV automobile manufacturing
- Jobs Created: 500
- Greta Energy
- Investment: ₹19,139 crore
- Sector: Steel and metals
- Jobs Created: 3,200
- Location: Chandrapur district
- Hyzero Inc
- Investment: ₹16,000 crore
- Sector: Green energy
- Units: Two, including one in Butibori
- Jobs Created: 10,000
These proposals were finalized during the summit, with industry giants from across the country pledging their support. Notably, the lithium refinery by Vardhaan Lithium represents the largest investment, underscoring Vidarbha’s potential as a hub for emerging technologies like EV and green energy.
The Chief Minister highlighted the significance of these investments, stating, “This is a major step in positioning Vidarbha, especially Nagpur and Butibori, as industrial hotspots. These projects will not only boost the local economy but also provide thousands of employment opportunities.”