NAGPUR: Memorandums of understanding (MoU) for building three luxury brands of hotels in the city — Taj Gateway, Hilton, and Hyatt in Nagpur — were signed on Thursday. These were part of the Rs 6,100 crore MoUs signed by over 150 companies for small to large projects proposed in the district.
The three hotel projects will entail a total investment of Rs 875 crore. The MoU for Taj Gateway is separate from the one signed by the Tata Group company Indian Hotels Limited in presence of Chief Minister Devendra Fadnavis in Mumbai last month. The MoU signed at Mumbai was for a proposal to build the Taj Mahal hotel — the topmost hospitality brand of the Tatas
An investment of Rs 400 crore has been proposed for Taj, Rs 300 crore for Hyatt, and Rs 175 crore for Hilton. The MoU signing was the first in a series of similar events planned for each district of the region, expected to start from next month onwards. Proposals to build four other hotels by other companies, were also submitted. The MoUs were signed in the presence of the divisional commissioner Vijayalakshmi Bidari.
The joint director of Industries, Gajendra Bharti, said these are entirely fresh MoUs. The investment proposals range from MSMEs to even large industries. In Davos, deals for ultra-mega projects were signed. The state, in turn, will provide single-window support to the industries. Some of the proposals include the expansion of existing facilities too.
CA Julfesh Shah, a facilitator for the tourism industry who coordinated the hotels’ MoUs, said the projects are in various stages. Construction has started in one of the cases as land has been acquired for the other two.
Another major investment of over Rs 1,100 crore has been proposed by Xolopak India Limited, which is coming up with a packaging unit using sustainable material at Gondia. The company has proposed a similar unit in Nagpur too.
Another company, Inventys Research, has proposed a facility that would make import substitutes for inputs currently procured from China by the pharmaceutical industries. Shah said the investment proposals have completed initial procedure, which includes acquisition of land in a number of cases.
