Aurangabad Industrial Township Limited (AURIC), a Greenfield Industrial Smart City, is seeking to woo exporters and industrialists showcasing the advantages of setting up facilities.

Highlighting the features of the Smart City to a business gathering here, Gajanan Patil, Jt. Managing Director, AURIC, said, “AURIC is expected to attract investment of Rs 60,000-70,000 crore from global players and help generate employment for lakhs of people.”

AURIC attracted investment of Rs 3,600 crore during calendar year 2018 from investors. It has allotted 52 plots comprising 507,164 sq. mt and infrastructure packages of Rs 7,947 crore has been approved by the Centre to facilitate sustainable infrastructure.

The Industrial City is being developed across an area of 10,000 acres in the Marathwada region as a part of Delhi–Mumbai Industrial Corridor (DMIC) and promoted by Aurangabad Industrial Township Limited, a special purpose vehicle and partnership between DMICDC, an agency of Government of India and MIDC, the investment promotion and facilitation arm of the state government of Maharashtra.

Investors setting up facilities in the city include Hyosung Corporation of South Korea, the largest global spandex producer. Several global companies from the US, Europe, Russia, China, Japan and South Korea have also been considering investments in AURIC.

Besides a rail and highway network that connects the new city to major cities in India, AURIC is located 15 minutes away from the Aurangabad International Airport and provides direct flights to Mumbai, Delhi, Hyderabad and other destinations. The Jawaharlal Nehru Port Trust’s dry port and container terminal at Jalna is located 40 kilometres away. These provide easy access to India’s largest sea port of the country – the JNPT.

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