
Even after a decade, Nashik awaits inclusion under DMIC
Nashik: Industrialists from Nashik have urged
Maharashtra Industrial Development Corporation
(MIDC) to include Nashik in the second phase of
Delhi Mumbai Industrial Corridor
(DMIC) project.
A delegation of Nashik Industries & Manufacturers' Association (AIMA), led by its president Ashish Nahar, recently met MIDC CEO P Velarasu in Mumbai and urged him to make efforts to include Nashik at least in the second phase of DMIC project. Velarasu assured the delegation that he would make all efforts to include Nashik in the second phase of DMIC.
Nahar said they held talks with MIDC CEO Velarasu on various industry-related issues. "We requested him to make efforts for inclusion of Nashik in the second phase of DMIC project," he said. "We are also planning to meet Union minister of commerce and industries Piyush Goyal and request him to include Nashik in DMIC project," added Nahar.
The DMIC project seeks to create a strong economic base with a globally competitive environment and state-of-the-art infrastructure to activate local commerce, enhance investments, and attain sustainable development.
In 2013-14, Nashik was not included in the first phase of DMIC primarily due to concerns raised by the state's water resources department about the availability of water for industrial use, despite the district having numerous dams. The Water Resources Department expressed its inability to reserve water in the dams for the project. The provision of 24 million litres per day (MLD) of water was required for the second phase. Nashik was excluded from the first phase due to the report by WRD, but Chhatrapati Sambhajinagar was included in the first phase at that time.
Even after a decade, Nashik is still awaiting its
inclusion in DMIC
project, even though industrial organisations have been making efforts by pursuing the state govt for inclusion in the second phase of the project.
"Nashik has significant potential in manufacturing, agriculture, and food processing. If Nashik is included in the second phase of DMIC, it would boost industrial growth, attract largescale investments, and create employment opportunities," said Manish Rawal, vice-president, NIMA.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
3 days ago
- Mint
Expert view: Market valuation looks stretched; maintain a 5–10% allocation to gold, says Rishabh Nahar of Qode Advisors
Expert view on markets: Rishabh Nahar, Partner and Fund Manager at Qode Advisors, is reducing the overall market exposure and shifting focus to select unique stock ideas where he still sees strong earnings momentum and low volatility, offering a good balance of risk and reward. In an interview with Mint, Nahar shares his views on market valuations, sectors to watch and strategy for gold. Here are edited excerpts of the interview: We are watching the post-Q1 rebound not just as a statistical uptick, but as confirmation of our momentum signals realigning after a brief drawdown. The 4 per cent YTD (year-to-date) gain in the Nifty 50 versus nearly 10 per cent in the S&P 500 and nearly 8 per cent in MSCI EM tells us that Indian mid- and small-caps were oversold earlier in the year. Once breadth improved and volatility cooled, our trend-following algorithms signalled a switch from defensives back into risk-on trades, which helped us capture that steady grind higher through May. Looking ahead, I expect this orderly advance to persist so long as corporate earnings surprises remain positive and global macro risks stay contained. From a risk‐management standpoint, we'll maintain a modest volatility skirt around key support levels and hedge if our downside‐break thresholds are breached, but for now, the models favour staying long the market's run. On valuations, our factor overlays highlight that forward PEs near 20 times sit at multi-year highs, which historically compress future excess returns. Quantitatively, this means our valuation screens are flagging fewer new buys at the index level, and instead we're tilting toward sectors where our earnings-growth forecasts outpace implied growth baked into current prices. In practice, we're lowering our broad‐market risk budget and reallocating it to idiosyncratic ideas, where our earnings‐revision models and low‐volume screens still show attractive risk–reward profiles. In sum, while broad-market returns may settle into mid-single digits from here, a disciplined factor blend and rigorous risk controls should allow us to outperform that baseline. Quarter-four earnings paint a picture of breadth rather than brilliance. Across the top 500 listed companies, median profit after tax advanced roughly 10 per cent quarter-on-quarter while sales rose about 5 per cent, with 69 per cent of firms posting positive profit growth. Crucially, the dispersion favoured the interior of the market-cap curve: mid- and small-cap names delivered profit growth north of 20 per cent, versus low-single-digit advances for large-caps. Factor diagnostics we run internally, profit revision momentum, sales acceleration, and operating-leverage screens, confirm that the earnings pulse is strongest in capital goods, select metals, and telecom, where pricing power and execution gains are translating cleanly into cash flow. At the index level, the Nifty 100 'beat-or-meet' ratio has climbed back to 51 per cent, the best reading since mid-2023. This indicates that analysts' downgrades earlier in the year have finally reset the bar to achievable levels. Taken together, the quarter shows that profit growth is broad-based enough to sustain the cycle, but not yet explosive enough to justify fresh multiple expansion on its own. Looking ahead, the market's next leg higher still hinges on a handful of catalysts that are measurable in our models but uncertain in their timing. Foremost is monetary policy: with headline CPI drifting below the Reserve Bank of India's 4 per cent midpoint, the window has opened for an initial 25- to 50-basis-point cut; a sustained easing cycle would lower discount rates and support rate-sensitive factors such as quality growth and housing proxies. A second variable is the monsoon, which the IMD now projects at 106 per cent of the long-period average. Early rainfall could revive rural purchasing power and lift two-wheeler, FMCG and agro-inputs volumes into the festival season. Third, clarity on US-India trade rules, especially around technology transfer and critical minerals, would help de-risk export-linked earnings streams. Finally, corporate capex intent remains high on survey data but is yet to translate into hard spend; a visible pick-up in order books would underpin earnings trajectories for FY 26-27. Valuations, meanwhile, leave little cushion: the Nifty trades near 22 times forward earnings, or roughly one standard deviation above its decade average, so any disappointment on these triggers could compress multiples. That is why, despite our constructive three- to five-year view on India's structural story, we continue to run fully invested but factor-balanced books tilting toward companies with improving earnings revision momentum, clean balance-sheets and demonstrable pricing power, while hedging outliers through disciplined risk overlays rather than trying to time six- or twelve-month index levels that, in truth, no one can consistently forecast. The Indian defence industry has demonstrated strong engineering capabilities in recent military operations and benefits from steady domestic demand alongside growing export opportunities. While the military-industrial complex is well-positioned to become a significant contributor to the economy, it is challenging to determine whether this optimism is already reflected in current valuations and whether the sector can deliver truly outsized returns going forward. We no longer distinguish between PSU and private banks—both segments have delivered strong returns in the past when operating performance was robust and valuations were attractive. Our focus today is on identifying banks whose future growth prospects are meaningfully underappreciated by the market. At this juncture, we do not see any banking stocks offering that degree of asymmetry. While many banks remain solid businesses, none currently meet the elevated return expectations or risk–reward thresholds we require for new convictions. One compelling growth driver is the ongoing US–China trade tensions, which have spurred higher import tariffs and stricter regulatory scrutiny on Chinese pharmaceutical suppliers. India's well-established API manufacturing base, combined with a rising focus on differentiated products and biosimilars, positions Indian pharma companies to capture these displaced volumes in regulated markets. By moving up the value chain—from pure generics to high-complexity formulations and speciality injectables—Indian firms can secure premium pricing, deepen customer relationships, and meaningfully increase their US market share over the next two years. We advocate maintaining a 5–10 per cent strategic allocation to gold across all time horizons. This positioning serves as an effective hedge against inflation, negative real rates, and geopolitical uncertainty. We recommend adding to positions on meaningful pullbacks, as even a modest allocation can help dampen the volatility of an equity-heavy portfolio. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
&w=3840&q=100)

Business Standard
4 days ago
- Business Standard
Harrier.ev launched with 627-km range at ₹21.49 lakh; bookings start Jul 2
Tata Motors on Tuesday officially launched the the all-electric variant of its popular SUV. The vehicle aims to combine off-road capability, high performance and cutting-edge technology for India's growing electric vehicle market. The launch represents a significant milestone for the company as it expands its EV portfolio. According to a report by Autocar India, the Tata will have a starting price of ₹21.49 lakh (introductory). Full pricing and variant details will be announced closer to the booking date. 627-km MIDC range and rapid charging enhance long-distance capability The Tata is MIDC-certified for a range of up to 627 km on a single charge, making it suitable for extended road travel. Its fast-charging system can provide up to 250 km of range in just 15 minutes. Integrated with Mappls Auto EV navigation, the vehicle also assists drivers in locating nearby charging stations in real time. Bookings for the will officially open on 2 July. delivers 0–100 km/h in 6.3 seconds with AWD powertrain The accelerates from 0 to 100 km/h in just 6.3 seconds, placing it among the fastest electric SUVs in its category. It features a dual motor Quad Wheel Drive (QWD) system that powers all four wheels and includes Drift and Boost modes to enhance driving dynamics. The SUV is equipped with six terrain modes, including Sand and Rock Crawl, along with a customisable option. An Off-road Assist function offers low-speed cruise control for navigating challenging trails. Tata Motors sees record sales and strong EV momentum in 2024 In calendar year 2024, Tata Motors recorded sales of 600,915 vehicles, marking a 3.5 per cent increase from 587,713 units in 2023. This represents the company's fourth consecutive year of record-high annual sales. The automaker introduced several new models during the year, including the Tata Curvv, and strengthening its position in both the electric and internal combustion engine (ICE) segments. Tata Motors also reported a 77 per cent rise in CNG vehicle sales, surpassing 120,000 units. SUV sales climbed 19 per cent, with the Punch alone contributing over 200,000 units to the annual tally. In December 2024, Tata briefly secured the second spot in monthly sales rankings by delivering 44,289 units, reflecting a modest year-on-year growth of 1 per cent.


Time of India
30-05-2025
- Time of India
Industrialists irked by poor roads in Ambad MIDC areas, demand urgent repairs
Nashik: Industrialists in the Ambad MIDC, located within the limits of NMC, are irked by the terrible condition of roads in the estate and the civic body's failure to repair them. According to the Ambad Industries and Manufacturers Association (AIMA), potholes have surfaced on all major and internal roads in Ambad Maharashtra Industrial Development Corporation (MIDC) areas, making driving risky for motorists. They added that the roads here have not been re-laid for the past 15 years. MIDC had previously handed over roads in both Ambad and Satpur industrial estates to Nashik Municipal Corporation (NMC), which repairs and maintains these stretches and streetlights on them. In turn, the industries pay a property tax to the NMC. Now, a delegation of AIMA, led by its president Lalit Boob, met officiating NMC commissioner Karishma Nair, seeking immediate road repairs and concreting of all roads in the Ambad industrial areas. Boob also urged the NMC commissioner to make adequate financial provisions in the civic budget for infrastructure improvement in both MIDC areas. In response, Nair said NMC has made a financial provision of Rs8.5 crore for Ambad industrial estate and Rs6 crore for Satpur MIDC areas, and improvement works will start in the next couple of weeks. Boob told TOI, "Potholes and the poor condition of roads are slowing vehicle movement, causing traffic jams and minor accidents. Moreover, workers are developing health issues and vehicle maintenance costs have risen. During peak hours of commute in the morning and evening, traffic jams are a regular affair." Nikhil Panchal, an industrialist, said, "The condition of roads, particularly in Ambad MIDC areas, has deteriorated further. It is causing huge inconvenience. We want NMC to immediately repair all roads using tar. Moreover, we also want the civic administration to re-lay all major and minor roads in Ambad industrial areas." He added, "We expected NMC to repair the roads by April, but it could not. Heavy rain has been lashing the city since May 5, further deteriorated the condition of the roads." There are around 2,000 micro, small, medium, and large industrial units in Ambad MIDC areas, providing employment to over 1 lakh workers. There is also continuous movement of heavy trucks and containers here to transport goods and dispatch finished products.