Maharashtra announces Rs 5.25 lakh crore Viksit Nagpur 2047 plan

The Maharashtra government has unveiled the “Viksit Nagpur 2047 – Sustainable Development Plan”, projecting an investment of Rs 5.25 lakh crore by 2047 to transform Nagpur into a major economic and industrial hub.

Officials said around 65–75 per cent of the projected investment is expected to come from the private sector. The plan aims to generate over 9 lakh jobs and position Nagpur as a centre for defence manufacturing, mineral processing, green industries and high-value services.

The blueprint also includes a Green and Resilient Ecosystem plan with a near-term outlay of Rs 35,000 crore, alongside proposals for defence and UAV innovation hubs, critical mineral clusters and agro-processing growth.

Chief Minister Devendra Fadnavis presided over the signing and exchange of two Memorandums of Understanding during the inauguration of the “Viksit Nagpur 2047: Sustainable Development Plan Program”.

Under the first MoU, the Maharashtra Institution for Transformation (MITRA) and IIM Nagpur will collaborate to develop the rural economy in the Vidarbha region. The partnership will focus on promoting market access, compliance support, access to finance and scaling up rural enterprises. It will also align government schemes and promote rural entrepreneurs.

Under the second MoU, MITRA and the Visvesvaraya National Institute of Technology (VNIT), Nagpur will establish a structured framework of cooperation to support Maharashtra’s economic growth and development. The collaboration will include policy support, capacity building, advanced data analytics, GIS-enabled planning, climate resilience initiatives, monitoring and evaluation, and research-driven sectoral development.

Officials said the long-term plan integrates economic growth with infrastructure expansion and sustainability measures, aligning with the state’s broader development objectives.

The Viksit Nagpur 2047 plan is positioned as a comprehensive framework to guide the city’s transformation over the next two decades, with a focus on industrial growth, employment generation and infrastructure expansion.