Maharashtra approves ₹3,000 crore guarantee for Nagpur IBFC
pre-market1 source ↓written by the desknot a recommendation
- state guarantee
- ₹3,000 crore
- in Godhani
- 692 hectares
- loan planned
- ₹6,500 crore
Maharashtra has approved a ₹3,000 crore state guarantee for a HUDCO loan aimed at acquiring land for the International Business and Finance Centre (IBFC) in Nagpur. This project, part of the 'New Nagpur' initiative, spans 692 hectares in Godhani and Ladgaon villages.
The total loan planned is ₹6,500 crore, with strict conditions to mitigate state liability. This development may enhance Nagpur's position as a central business hub in India.
Not investment advice. For informational purposes only.