Nashik Will No Longer Stop in Terms of Development – Chief Minister Devendra Fadnavis

‘Kumbh Udyog Sangam and Nashik Investment Summit 2026’ Concludes in Presence of Chief Minister

Chief Minister Expresses Confidence in Industrial Development Through Capacity and Infrastructure

Nashik, May 2026 : Chief Minister Devendra Fadnavis expressed confidence that Nashik, a city with religious and spiritual importance in connection with the Simhastha Kumbh Mela, will become a growth engine of development in the coming years, and that Nashik will no longer stop in terms of development. He stated that industrial development in the region will gain real strength through its capabilities and infrastructure facilities, and that investment will create employment opportunities.

He was speaking at the closing ceremony of the ‘Kumbh Udyog Sangam and Nashik Investment Summit 2026’ organised at Hotel Taj. Water Resources Minister Girish Mahajan, Industries Minister Uday Samant, Education Minister Dadaji Bhuse, Food and Drug Administration Minister Narhari Zirwal, Textile Minister Sanjay Savkare, MP Shobha Bachhav, Mayor Himgauri Aher-Adke, Divisional Commissioner Dr. Praveen Gedam, Development Commissioner of Industries Deependra Kushwaha and others were present at the programme. During the event, Memorandums of Understanding worth Rs 13,190 crore were signed with more than 300 entrepreneurs in the presence of Chief Minister Fadnavis. These investments are expected to generate employment for around 32,000 people.

Nashik Emerging Again in the Mainstream of Development

Describing Nashik as a city with immense development potential, Chief Minister Fadnavis said the Kumbh Udyog Sangam initiative aimed at attracting investment to the district is highly commendable. Through this investment summit, Nashik has once again entered the mainstream of development. He said district-focused investment conferences have been organised over the last three years, resulting in investments worth Rs 31,945 crore in Nashik district so far, which are expected to provide employment to 66,000 people. He added that 77 per cent of the agreements signed so far have already been implemented. Investments include sectors such as electronics, agriculture-based services, automobiles, textiles, services and other industries.

Rs 57,000 Crore Investment in Nashik in Two Years

The Chief Minister said many industrial groups have shown interest in investing in Nashik district and adequate land availability is necessary for such projects. He stated that companies like Mahindra & Mahindra are investing in Nashik and the project will begin immediately once land is made available. He added that Reliance and Larsen & Toubro have also invested in the district, while several other industrial groups are keen to expand operations there.

Fadnavis noted that Nashik has attracted investments worth Rs 57,000 crore in the last two years alone. He also mentioned that during the Davos summit, the state government secured investments worth Rs 12,000 crore specifically for Nashik district.

Nashik Emerging as a New Industrial Magnet

Chief Minister Fadnavis said Maharashtra has now developed new industrial magnets and Nashik has emerged as a major new magnet in North Maharashtra. Therefore, Nashik’s development will no longer stop. He added that Ahilyanagar, Jalgaon, Dhule and Nandurbar are also becoming growth engines for industrial investment. Similarly, large industries are coming up in Chhatrapati Sambhajinagar and Jalna in Marathwada, while Vidarbha is also witnessing the emergence of new industrial hubs. He said the state government is working to ensure balanced regional development.

Focus on Geographical Balance

Fadnavis said Maharashtra aims to become a trillion-dollar economy and efforts are being made to ensure geographical balance in this growth. Earlier, development was concentrated mainly around Mumbai, Pune and metropolitan regions, but the state government has adopted a policy of making districts centres of development. He emphasised the importance of utilising district-level strengths and facilities. Along with large industries, priority is also being given to small industries through state government initiatives.

Industry-Friendly Policies and Startup Growth

The Chief Minister stated that industry-friendly policies have been introduced to make investments and setting up industries easier for entrepreneurs. Multiple permissions have been brought under one roof through facilities like “Maitri”, which has increased investor confidence. More than three lakh applications have been processed through the Maitri portal.

He added that industries are expanding across Maharashtra and the state has now become the startup capital of India with over 30,000 startups established. Startups have brought major changes in the agriculture sector as well. Through the ‘One District One Product’ initiative, the government is focusing on value addition and branding.

Kumbh Mela Development to Create Rs 3 Lakh Crore Economy

The state government is investing Rs 33,000 crore for the Kumbh Mela. Fadnavis expressed confidence that this investment will act as a magnet for industries over the next 15 to 20 years. He said infrastructure projects such as transport facilities, dry ports, ring roads and other developments created through the Kumbh preparations will help generate an economy worth Rs 3 lakh crore in Nashik district over the next decade.

He also said attention is being given to Godavari river purifi