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| One stop to Buy, Sell & Rent Property in Nagpur |
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Nagpur Property Bazaar |
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| Multi – National FMCG co may invest Rs 800 cr in Butibori |
| Reference : - Niraj Chinchkhede (The Hitavada) |
| Reference Date : - 23 Feb, 2012 |
BETTER late than never! The 5 star Butibori Industrial Area that was desperately waiting for mega projects for more than a decade, has finally started getting its much deserved share.
Following the footsteps of software majors Tata Consultancy Services (TCS) & Infosys, there is yet another multi- national player than is knocking the door of Nagpur to changes its destiny.
A multi – national fast moving Consumer Goods (FMCG) company is in the final stages of acquiring more than 120 acres of land in Butibori MIDC Area to set up its manufacturing unit. As per sources, the company will invest a whopping sum of Rs 800 crore to build a state-of-the art facility in Nagpur that will cater to the needs of Central India.
The process of land identification has been already completed & the final deal is expected to be closed by the end of current fiscal. Additionally, the world – famous brand is also scouting for about 10 acers land in the same area for its proposed warehouse.
If sources are to be believed, the company had appointed a renowned consultant in the recent past to prepare a feasibility report of the proposed project in Butibori MIDC Area. And based on its report, the world-famous noodles-makers has now decided to go ahead & open its plant in the strategically located area of Butibori.
Highly placed sources in the know of development further confirmed that the company has planned to open more than 20 such facilities all over the country. Its unit in Gujarat will be very soon Operational.
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