Nashik identified as growth hub with Rs 7,613 crore outer ring road project

Nashik has been identified as a new economic growth hub under development initiatives aimed at promoting expansion of tier-2 cities.

A key project under the plan is a 65-km outer ring road, estimated to cost Rs 7,613.47 crore.

Officials said the ring road will improve connectivity across the region and support economic growth by linking major routes and industrial areas, reported The Times of India.

The project is planned to be completed by March 2027, ahead of the Kumbh Mela scheduled to take place in Nashik.

Under the project framework, the state government will fund land acquisition, while the central government will finance construction of the road.

Authorities said the initiative will also focus on industrial clusters, investment promotion, skill development programmes and improved regional connectivity.

Experts noted that strengthening transport infrastructure will help attract investment and support job creation in the region.