– AURIC industrial complex attracting attention as a joint project between the federal and state governments –
– Adjacent to the Delhi-Mumbai industrial belt and located in the heart of Maharashtra, it is necessary to take advantage of the geographical advantages and support measures –
The federal government of India and the state government of Maharashtra are promoting the Aurangabad Industrial City (AURIC), an industrial complex project. AURIC is part of one of India's most advanced infrastructure projects, the Delhi-Mumbai Industrial Corridor. The city is poised to provide world-class infrastructure for manufacturing enterprises and a high standard of living for its residents and employees, developed across 10,000 acres of Shendra and Bidkin in the Marathwada district in central Maharashtra, and and designed to be eco-friendly.
Within two years of its launch, AURIC has been a huge success, attracting approximately $2 million in investments from more than 3,500 companies that are capable of creating 100 jobs. AURIC is expected to become a model for industrial smart cities representing India and Maharashtra in the future.
This webinar was an opportunity to discuss the government's business direction along with an introduction to the development process and support measures for Aurangabad Industrial City (AURIC). Shri Subhash Desai, Minister of Maharashtra MOTIE, Shri Baldev Singh, Aurangabad Industrial Township Ltd (AITL) Chairman, and Dr. P Anbalagan, Dr. Maharashtra Industrial Development Corporation (MIDC) was a speaker.
Webinar Overview
Summary of local expert presentations
Shri Subhash Desai, Minister of Maharashtra MOTIE
The state of Maharashtra continues to advance without stopping its development despite the coronavirus pandemic. In particular, it has continued to succeed in attracting foreign investment in recent months, and has received more than 60 investment proposals from various countries such as the United States, Japan, Korea, Germany, and Singapore.
Maharashtra is a state with industrial infrastructure such as industrial land, water and electricity, and AURIC is a prime example of a world-class industrial infrastructure. Their greatest strength, along with world-class infrastructure, is the availability of skilled and educated people who can leverage on technology, constraints and management. About 100 million outstanding students enter Maharashtra every year in various fields, so the potential for further development is expected to be higher.
AURIC offers better conditions for investment than other Special Economic Zones. Not only will it be easy to invest and set up, but it will also provide an environment where it is superior to any other place to operate.
AURIC infrastructure road and fiber optic cable concept drawing
[Providing Ease of Investment and Factory Establishment]
1. Time and cost can be reduced with a simplified procedure for convenience and transparency of the investment process
2. Progress can be monitored online at all times and updated via automatic SMS and email notifications
3. Operation of a help desk that can provide customized services step by step to each company entering the market
4. Direct contract with AITL (Aurangabad Industrial Township Ltd), the business entity, without going through other intermediaries
5. Investment companies can directly access and utilize information using the online Geographic Information System
AURIC water and sewage treatment plant
[Providing ease of business operation]
1. AITL (Aurangabad Industrial Township Ltd) is a special agency formed through the cooperation of the federal and state governments.
2. Maximize utilization of utilities that can use electricity and water in a Plug & Play method and automatically handle garbage disposal
3. With the concept of walk-to-work, the quality of life can be improved by ensuring a living environment that allows easy commuting to and from work and residence.
4. In all industrial fields, the environmental impact assessment approval was obtained from the Ministry of Environment and Forests to prevent environmental problems that may arise in the future.
Shri Baldev Singh, Chairman of Aurangabad Industrial Township Ltd (AITL)
India is very active in working with various countries to attract investors. Maharashtra is one of the key regions for national industrial development and has always maintained the top position in India's GDP contribution, industrial output and tax contribution (direct/indirect). This is because Maharashtra has a strong manufacturing and service sector.
The first industrial complex was invested by the Indian federal government (49%) and the Maharashtra state government (51%) and is being developed with active support from the government as it belongs to the Delhi-Mumbai Industrial Corridor. .
The second industrial park is located in the Raigad area, very close to Mumbai and has a geographical advantage as it is adjacent to the Dighi port. Basic work such as land acquisition has been almost completed and the master plant and infrastructure will be developed at a very rapid pace, and the focus will be on the pharmaceutical and bulk pharmaceutical industries.
The third industrial park will be near the Mumbai Bangalore highway near the Satara district. The focus industry is targeting the electronics, semiconductor and microchip industries.
MIDC has developed more than 287 industrial parks throughout Maharashtra. All of these industrial areas are well developed and can be utilized with the surrounding industrial ecosystem, so in addition to these three major industrial parks, investors can invest in industrial parks distributed throughout the state. Maharashtra has a single-window permitting process that supports all necessary permits from various state ministries, addressing business investment challenges. In particular, as Mumbai Port, JNPT Port and Dighi Port are being developed in the future, it also has the advantage of easy import/export.
AURIC Investment Main Incentives
Dr. Dr. P Anbalagan, Maharashtra Industrial Development Corporation (MIDC)
Maharashtra accounts for 15% of India's total industrial output by value and the largest share of the country's FDI inflow (cumulative 30%). Aurangabad is located in the heart of the state and is the gateway to the east and west of Maharashtra. It occupies a very strategic location close to Telangana and Madhya Pradesh and is an industrial center with large corporations such as Bajaj.
Aurangabad Geographical Location and Main Road Network
AURIC has developed approximately 10,000 acres and has the relevant state-of-the-art infrastructure around it. It is very close to the domestic airport, and it is easy to receive investment-related support as it supports investors by establishing a single window system. In particular, if you use the Nagpur-Mumbai highway, it is possible to travel in 3 hours and 30 minutes from Mumbai and 2 hours and 30 minutes from Nagpur. So far, 80% has been built and the rest is expected to be completed next year. A total of 126 different companies have invested in AURIC in various countries because there is an advantage in logistics and transportation by using the dry port (inland port) operated by JNPT.
Major companies entering Auric and companies entering industrial complexes around Auric
AURIC will have industries focused on engineering, textiles, food, defense and electronic system design, and Korea's Hyosung, the world's largest spandex producer, has invested in manufacturing facilities in AURIC City. The new plant can produce 18,000 tons of spandex per year and is built on a site of about 400,000 square meters.
Auric Hyosung Spandex factory view
implication
Connected to the Delhi-Mumbai Industrial Corridor and connected to Nehru Port and Dryport, AURIC aims to become India's hub industrial activity hub. The project, named Aurangabad Industrial Township Limited (AITL) and branded as Aurangabad Industrial City (AURIC), is a significant project in which the Indian federal government and the Maharashtra state government participated together, and the future development potential and expectations are very high.
Maharashtra, India's third largest state, has the advantage of being well-connected to all major markets through four international and seven domestic airports, a road network of over 4 km and a rail network of 7 km. In particular, with a coastline of 309,000km and 6,210 ports, it accounts for about 720% of India's total cargo transportation. warehouse). In addition, in the case of power, which is a major infrastructure, it has a total installed power capacity of more than 55 MW, so there is no problem with plant operation. Utilizing the state government's FDI support policy and advancing in cooperation with Indian companies in line with India's Make in India trend, it is a good way to advance overseas even if it is considered as one of the industrial complex candidates that can be used as a window for Korean companies in Southwest Asia. this could be
Source: India MOTIE, Maharashtra State MOTIE, AITL, various local media reports, briefing sessions, and KOTRA Mumbai Trade Center data