Vidarbha Defence Industrial Hub To Come Up In Mihan

Source Of News:

Business Bureau

VIDARBHA Defence Industries Association (VDIA) has chalked out ambitious plan to set-up a Vidarbha Defence Industrial Hub (VDIH) in MIHAN-SEZ. This project will put Nagpur on the global map, said Harshvardhan Gune, CEO of VDIH while speaking on the concluding day of the ‘Make in India Summit and Buyer Seller Meet.’ It was organised by VDIA at Hotel Centre Point, Ramdaspeth on Friday.

He said, the estimated cost of the project is about Rs 242 crore which will cover an area of 20 acres. The project will be completed in two phases. The first phase will consist of Skill Development Centre spread over six acres with an outlay cost of Rs 99 crore. After obtaining Government sanction, the construction work is slated to start from June 2019 and get completed by March 2020. The second phase consisting of cluster will be completed by December 2020.

Gune who was the keynote speaker in the session on ‘Defence and Aerospace Cluster in MIHAN, Nagpur’ said, the focus area of the VDIH includes skill development, MSME integration, startup and entrepreneurship development.
Its mission is to strengthen the Armed Forces in all respects by indigenous and reliable support system through sustained ‘Make in India’ initiative. Its aim and motto is to create new technology, generate employment and contribute in self reliance process by creating a unique, first of its kind platform which will provide easy access to technology, skills and knowledge and be an integral part of nation building process, he said.

One of the main features of the project is to create a globally acknowledged integrated Defence development and manufacturing hub and bring Nagpur on world map of futuristic technology centres. The hub will facilitate innovations through providing access and infrastructure to promote and industrialise innovations in Defence sector.
VDIH will also work towards skill development, training, accreditations and forming a cluster to provide common facilities for private industries to perform and match the product quality, performance criterion of Defence sector, he added.

“VDIH will surely change the face of Nagpur and provide plenty of job opportunities in coming years. With Tata Technologies as a partner, it will be easy to provide all the facilities and technologies in a very professional manner,” he pointed out.
The skill development centre will integrate and collaborate with all cross-sections of industry, academia, associations on global level to create an integrated development and manufacturing hub for Defence applications. It will provide a comprehensive skill development programme encompassing all levels and all skills focusing on Defence sector requirements, he added.

Dushyant Deshpande, Director of VDIA, Lt Gen Ravindra Thodge, Maj Gen Anil Bam, Dr Suhas Buddhe and Harshvardhan Gune are working hard to establish VDIH.
Amey Belorkar of IDBI Capital shared the stage with Harshvardhan Gune and provided details about various financial models which will help new startups get funding. He said that IDBI Capital had formed the Defence Innovation Fund with a corpus of Rs 500 crore to fund industry.

“This is one of the first Defence funds in the country. Major criteria is that a company has to manufacture its products in Maharashtra. The fund is very flexible and money can be invested in companies, startups with equity, IPOs, expansion, exports etc.,” he added.

The session was attended by of C G Shegaonkar, Secretary of MIDC Industries Association (MIA), Vidarbha Industries Association (VIA), Butibori Manufacturers Association (BMA) and others.