Aurangabad Industrial City (AURIC), a one of its kind greenfield smart industrial city, is wooing businesses from Telangana and Andhra Pradesh to set up operations at the upcoming facility.
On Wednesday, a roadshow was conducted in the city to apprise exporters, companies, entrepreneurs, on the opportunities and benefits of coming to AURIC. The smart industry city is being developed across 10,000 acres in the Marathwada region as a component of the Delhi–Mumbai Industrial Corridor.
It is promoted by Aurangabad Industrial Township Limited (AITL), a special purpose vehicle and partnership between DMICDC (an agency of Government of India) and MIDC (the investment promotion and facilitation arm of the Maharashtra government).
Joint managing director of AURIC, Gajanan Patil, said the smart industrial city project is expected to attract ₹60,000-70,000 crore investment from global players. In 2018, AURIC attracted ₹3,600 crore investment.
It had allotted 52 plots comprising 507,164 sq mt and infrastructure packages of ₹7,947 crore has been approved by Centre. The smart industry city is expected to create over 150,000 jobs and also offer housing facilities for over 300,000 people including industrial workforce and their families, he said.
