AURIC eyes Rs 60,000 crore investments over the next decade : Gajanan Patil, Jt. MD AITL

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Aurangabad Industrial City in Maharashtra, a part of the Delhi-Mumbai Industrial Corridor, is eyeing investments worth Rs 60,000 crore over the next decade, Gajanan Patil said at a roadshow in Ahmedabad on Tuesday. According to Gajanan Patil, the joint managing director of the Aurangabad Industrial City (AURIC), it has already attracted Rs 4,000 crore in investment since it has been listed as a smart city.

Patil was here to attend a roadshow to woo investors and apprise them about the business opportunities at the 10,000-acre industrial smart city near Aurangabad. Around 110 companies from Gujarat have attended the roadshow, Patil said.

“AURIC is a greenfield smart industrial city being developed as part of the Delhi-Mumbai Industrial Corridor. We are looking to attract investment worth Rs 60,000 crore over the next 10 years. So far, 52 companies have already invested Rs 4,000 crore,” he said. The city is being promoted by Aurangabad Industrial Township, a special purpose vehicle created by the Centre and the Maharashtra government.

Already four industries are functional at AURIC and a few multinational companies have also committed investment. While 40 percent land is reserved for residential and commercial purpose, the rest is reserved for industries” said Patil.

This was followed by Q & A session,  “Aurangabad is one of the fastest-growing cities in #Maharashtra with many opportunities for businesses. Auric is at the forefront of providing such opportunities”, says Mr. Kailash Jadhav, Joint CEO

 

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