Why is Nashik the Perfect Investment Destination?
One of the major things that work in Nashik’s favour is its overall geography. The city is the largest (both area and population wise) one located in Maharashtra’s north. Mumbai, India’s financial capital, is at a distance of 180 KM from Nashik by road. The train journey between these two cities takes around 3 hours, which is expected to come down further once ambitious projects like the Mumbai-Delhi Railway Corridor are completed. Pune, which is another major industrial and IT hub of the country, is at a distance of just over 200KM by road from Nashik. The train journey for the same (via Kalyan/Panvel) stretches to around 5 hours. This geographical location has enabled Nashik to stake its claim of being the third most important city in Maharashtra, after Mumbai and Pune. No wonder the State Government has brought these three cities under a single development agenda through the Golden Triangle/Quadrangle Project!
Another reason why Nashik is such a preferred investment destination is because of the lack of new opportunities in Mumbai and Pune. Both cities suffer from high saturation levels and in the face of that, Nashik comes as a breath of fresh air with its relatively unexploited investment scenario. Nashik is already acknowledged as the 3rd largest industrialized city in Maharashtra, with lots of room for greater growth!
1) A major share of Nashik’s GDP is contributed by the agricultural sector. The city is renowned all over India and the world over for the grapes, tomatoes and onions it produces.
2) Nashik has been fortunate when it comes to water supply. In addition to the two major rivers Godavari and Girna, the city is home to another 30 minor rivers/rivulets. This, along with excellent soil and climactic conditions, have ensured Nashik’s place as a great agriculture investment destination.
1) Nashik has enjoyed a favorable climate since time immemorial. In earlier times, the city was a preferred summer retreat and the same pleasant climate continues to thrive today. Overall, Nashik’s climate is dry for the better part of the year with only the monsoon being an exception.
2) Nashik’s Konkan region receives some of the highest rainfall in Maharashtra. This region is also home to most of the city’s dams/water resources, which supply enough water to fulfill Nashik’s needs in addition to that of surrounding cities like Mumbai, Jalgaon and Aurangabad.
3) Nashik also boasts of very low levels of pollution in spite of being a major industrial city. A part of the credit for the same goes to the high greenery levels of Nashik.
Important Development Landmarks
1) Establishment of industrial zones at five spots in and around Nashik. These are Ambad, Dindori, Gonde, Satpur, and Sinnar.
2) Successful construction of the Mumbai-Nashik Expressway, which is a 6-lane road between the two cities. The initial development stages of a similar road between Nashik and Pune have commenced.
3) The successful building of the city’s second flyover, also among India’ longest, connecting major points within the city.
4) A separate passenger and cargo terminal at the Ozhar airport will soon be thrown open to the public.
5) Nashik is a well-known manufacturing and industrial hub that is home to major companies and groups like M&M, VIP, Bosch, Samsonite and many more. The city also has a decently large pharmaceutical industry with major players being GlaxoSmithKline, Fem, and Glenmark etc. Apart from that, Nashik has been known as a major producer of textile, sugar and an oil processing center before the advent of big industries.
6) Nashik houses two major universities of Maharashtra, viz. YCMOU and MUHS. The last decade has also seen the establishment of many schools and colleges to promote basic education and higher learning. Every school examination board active in the country has a school affiliated in Nashik.
7) The world recognizes Nashik as India’s wine capital. The city is home to about 35% of the country’s total vineyard count. Two brands that have put Nashik’s winery expertise on the global map are Sula and Zampa.
8) Over the last decade, many new malls, multiplexes, hotels, restaurants, showrooms, universities and colleges, hospitals have opened up in Nashik. All these factors together have made Nashik an extremely attractive and VFM destination for investment; one that can rival the best that cities like Pune and Mumbai have to offer!