MIHAN-NAGPUR A Multiproduct SEZ business hub next to Warehousing, Airport and Rail terminal. HD

Maharashtra Airport Development Co. Ltd., (MADC) is a company established by Govt.of Maharashtra. MADC is the Nodal Agency of the Govt. of Maharashtra for developing a Multi-modal International Passenger & Cargo Hub Airport (MIHAN) and a multi-product Special Economic Zone adjoining the airport. MADC is also developing 9 other airports in the State of Maharashtra. The MIHAN project has an area of 4200 Ha., abutting to Nagpur airport comprises up gradation of existing airport, MADC is also the Special Planning Authority for MIHAN notified area under the provision of MRTP Act. The flagship project of MADC, MIHAN, Nagpur is very strategically located at the geometrical centre of the country and is easily accessible by road, rail and air. This is perhaps the only multi-product SEZ which is adjacent to an existing international airport. Nagpur has adequate availability of skilled manpower for the industry with 27 Engineering Colleges that produce about 8500 engineers every year. MIHAN SEZ, which has already become operational, is spread over an area of more than 1382 Ha. and boasts of quality infrastructures like 6, 4 and 3 lane roads; telecom system using optic fibre cable; water supply - both potable and for other uses; stormwater drainage; sewage etc. A power plant of 246 MW is operational to supply power to units in MIHAN. A number of leading IT Companies Like Infosys, TCS and Tech Mahindra have started their centres, while IT parks are being developed by large corporates like Shapoorji Pallonji. Residential complexes are also being developed by developers like Mahindra Lifespaces and Moraj Infra on lands allotted by MADC next to the SEZ. Container Corporation of India Ltd (CONCOR) is constructing the Multi-Modal Logistics Park (MMLP) along with the rail terminal on 109 acres of land to connect MIHAN with different ports in the country. Companies like Hexaware BPS, TAL and Lupin Pharma have already started their production from MIHAN SEZ, whereas TCS and Air India-Boeing has recently started their operations. In the recent developments, Indian Institute of Management (IIM-N) is going to be to be set up on 142 acres land in Non-SEZ area of MIHAN along with All India Institute of Medical Sciences (AIIMS) on 150 acres. Patanjali Ayurved has been allotted above 300 acres of land for its Mega Food and Herbal Park and Indo-UK Institute of Health has procured 153 acres of land in SEZ for setting up a Health City to promote Medical tourism in India. Following are the Incentives and facilities offered to units in the SEZ: *Duty-free import/domestic procurement of goods for development, operation and maintenance of SEZ units *100% Income Tax exemption on export income for SEZ units for the first 5 years,50% for the next 5 years, thereafter and 50% of the ploughed back export profit for the next 5 years *External commercial borrowing by SEZ units up to US$500 million in a year without any maturity restriction through recognized banking channels *Exemp