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The Economic Times
The Economic Times
Business
Ashish Pandey

Nagpur’s industrial push gains momentum, but MSMEs face rising power costs and land hurdles

Nagpur and the wider Vidarbha region are emerging as promising industrial investment destinations, with major projects in steel, solar manufacturing, and automobiles expected to create fresh opportunities for micro, small, and medium enterprises (MSMEs) in the region. However, rising industrial electricity tariffs, difficulties in accessing land, and gaps in policy support continue to weigh on smaller businesses, raising questions about the region’s ability to translate large investments into broad-based industrial growth.

Despite all these challenges, industry representatives remain optimistic about Nagpur's industrial prospects, citing substantial investments by large companies and the potential development of a stronger ancillary manufacturing ecosystem.

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