MIHAN (Multi-modal International Hub Airport of Nagpur)
The trigger that Nagpur is mainly looking at is the MIHAN project. The proposed MIHAN project is expected to spread over 4,025 hectares at a cost of Rs.2000 crores. Besides the airport, the proposed project involves a road-rail terminal, a special economic zone (SEZ) and other urban amenities to meet the needs of the working population in around the proposed airport. The SEZ will provide the right platform for exploiting the latent economic potential of Nagpur city. The SEZ project has potential to create over 1.2 lakhs jobs in Nagpur city.
The idea of the MIHAN and SEZ project together is based detailed market studies. It has been observed that each of the industries that will be contained in the SEZ has been chosen on the basis of the human and natural resource advantages that Nagpur city has to offer to prospective investors. The same is true for the transport hub project. About 18 percent of the working population is involved in transportation and allied businesses. This figure for cities like Bangalore, Surat, Indore, Ahmedabad and Chandigarh is in single digits. This implies that the share of the working population involved in transportation and allied industries is higher than what is prevailing in other cities. This can be attributed to the unique geographical positioning of Nagpur city. This industry is mainly driven by the unorganized sector. The effort of MIHAN is to capture the inherent advantages in an organized and scientific manner. The availability of both human and natural resources goes a long way to ensure that the MIHAN project is rooted in reality. The details of the MIHAN and the SEZ project are listed below.