Nagpur: Maharashtra is actively working to bring down logistics costs and strengthen industrial connectivity through a comprehensive logistics policy, Chief Minister Devendra Fadnavis said on Saturday. He expressed confidence that the XSIO initiative will accelerate Nagpur’s emergence as a national logistics hub.
In the presence of the Chief Minister, XSIO Industries and Blackstone signed a Memorandum of Understanding (MoU) worth ₹3,000 crore with the State Industries Department to facilitate large-scale investment across various regions.
Groundbreaking of XSIO Industrial & Logistics Park
Fadnavis performed the bhoomipujan and foundation-stone laying ceremony of the XSIO Industrial & Logistics Park at Vadgaon, located along the Samruddhi Mahamarg. The event was attended by MLAs Sameer Meghe and Dr Ashish Deshmukh, Industries Secretary Dr P. Anbalagan, XSIO Managing Director Ashish Agrawal, and Blackstone’s Tuhin Parekh.
Speaking on the occasion, the Chief Minister recalled that the British had once declared Nagpur’s Zero Mile as the geographical centre of India. “Today, the city is moving steadily toward becoming the logistics capital of the country. The XSIO Industrial & Logistics Park will give this vision strong momentum,” he said.
He added that Nagpur is also progressing rapidly in civil aviation, with multiple domestic and international flights operating daily. The Samruddhi Expressway has significantly improved industrial connectivity and mobility.
₹1,100-Crore Phase II Park, 10,000 Jobs Expected
XSIO has already developed a world-class logistics park involving an investment of ₹700 crore along the expressway. On Saturday, the second phase—spread across 105 acres with an investment target of ₹1,100 crore—was officially launched. Together, the two phases are expected to generate nearly 10,000 jobs.
Fadnavis underlined the government’s commitment to supporting industrial movement and global market access by providing necessary infrastructure. He also informed that work is underway to connect the Igatpuri stretch of the Samruddhi Corridor directly to the Wadwan Port, boosting export-linked logistics.
The Chief Minister said the government is integrating logistics and blockchain technologies to bring transformative changes in the sector. With XSIO planning a total investment of ₹5,000 crore in Maharashtra, the project is poised to play a key role in strengthening the state’s economic growth.
Total Investment in Maharashtra Now Rises to ₹8,000 Crore
In the presence of the Chief Minister, XSIO and Blackstone formalised a new ₹3,000-crore MoU with the State Industries Department. Earlier, the company had signed a ₹5,000-crore agreement with the state. With the latest pact, XSIO’s total planned investment in Maharashtra has now risen to ₹8,000 crore.
Before the ceremony, XSIO Managing Director Ashish Agrawal and Blackstone’s Tuhin Parekh addressed the gathering and shared their vision for accelerating industrial and logistics infrastructure across the state.
