International Business Assignment No-01 CARGO HUB-
AVIATION PROJECT
CARGO HUB-AVIATION PROJECT
MIHAN - Multi-modal International Cargo Hub
and Airport at Nagpur is the biggest
economical development project currently
underway in India in terms of investment.
MIHAN is spread over an area of 4354
Hectares. MIHAN is an Ideal business hub,
located in the geometrical centre of India and
easily accessible to all the metro cities of
India. A final destination for all your business
related needs, supported by excellent
infrastructure, easy and fast procedural
systems and continuous support and service
through one window operation.
MIHAN Project consists of two parts namely International airport to act as a
cargo hub and a Special Economic Zone with residential zone covering a total
area of 40.25 sq. km on the southern end of Nagpur. Maharashtra Government
formed a special purpose entity in the name of Maharashtra Airport Development
Company (MADC) for development of MIHAN. The project is financed by multiple
Indian banks with total loan amount of INR 3,000 million along with investment
from state government and Airports Authority of India. With a projected target
of serving 14 million passengers and handle 0.87 million tones of cargo this is
one of largest aviation project in India. The estimated capital cost of the project
is INR 2581 crores (by year 2035) and is supposed to generate revenues INR
5280 crores.
Project details:
The proposed plan for the upcoming international airport and cargo hub.
International airport:
Saket College of Management, Kalyan Page 1
International Business Assignment No-01 CARGO HUB-
AVIATION PROJECT
To meet the increase in demand of air traffic in India and provide the
required world-class infrastructure for the aviation sector, the existing airport of
400 hectares would be expanded to 1364 hectares. The project consists of
widening and extending the present runway (3200 meters x 45 meters) to (3600
meters x 45 meters) to meet international standards. Also it will have provision
for a similar runway (4000 x 60 m) in the future. The airport will have parking
space for 50 aircraft at any time with 50 additional bays at fringe areas.
Special Economic zone:
A new SEZ of 2086 hectares, largest multi-product SEZ in India, would be
built along side the airport. Out of 2086 hectares, 1472 hectares would be used
by various processing units to be set-up and remaining 614 hectares for service
sector unit. Like all SEZs it will have financial incentives and soft taxation policy
to attract investment. The initial set-up material for these units and later raw
material will be duty-free. Major sections of SEZ would be -
* Information technology park spread over 500 hectares and would include all
necessary infrastructure for IT companies.
* Health city spread over 40 hectares that will have multi-specialty hospitals
along with training institutes for nurses and medical technicials.
* Manufacturing industry unit that would include industries from sectors like
textile and garment, gems and jewelry, food processing, pharmaceuticals and
bio-medical. It would also have units for finance and insurance service
companies.
Other features:
Central Facility Building will have administrative offices of various
government departments working for MIHAN project and main office of
Development Commissioner of MIHAN. It will also have other government offices
like post office, Customs and excise office. The total area of CFB would be 22,200
sq.ft and it would located at main entrance of SEZ. Building will have 3 main
blocks and 2 small blocks connecting the main blocks.
Thus it will resemble “W” in elevation. Water demand for the project would
be met using dual supply. Water from Wadgaon reservoir would be brought in
along with water from 2 small lakes which lie within premises of MIHAN. The two
small lakes would be deepened, cleaned and beautified to store and supply fresh
water to MIHAN. Project will also have its own sewage water treatment
plant(STP) to reuse water for non-domestic purpose. Storm drainage work
consists of 10 km long channel and 9 cross-drainage work.
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International Business Assignment No-01 CARGO HUB-
AVIATION PROJECT
Separate telephone exchange building is being build for telecommunication
related infrastructure. The entire MIHAN project would be having fiber optics
cable laid. MIHAN will have 2,4 and 6 lanes road with total internal length of
roads at 51 km. Two flyovers would be built over the NH-7 which runs on one-
side of project. The two flyovers would help connect MIHAN with other side of
highway without causing traffic congestion at the main entrance.
Saket College of Management, Kalyan Page 3
