Maharashtra govt approves Rs 3,000-crore guarantee for Nagpur business centre loan
Published on: Nov. 12, 2025, 11:49 p.m. | Source: The Economic Times
The Maharashtra government has approved a Rs 3,000 crore state guarantee for a HUDCO loan to acquire land for Nagpur's International Business and Finance Centre. This ambitious project, part of the 'New Nagpur' initiative, aims to develop a 692-hectare site. The guarantee is for the first phase of land acquisition, with stringent conditions for the Nagpur Metropolitan Region Development Authority.
