MIHAN expanded as Multi-modal International Cargo Hub and Airport at Nagpur is an extensive project carried for Dr. Babasaheb Ambedkar International Airport, Nagpur. The basic aim behind the project is to convert the Airport into a major cargo hub with railway and road transportation connectivity. The project consists of two parts:
The Government of Maharashtra has also organized several projects to meet the rail, road, power supply to MIHAN. Indian Railway has planned to established new station in nearby location to MIHAN in order to connect the cargo hub with rail network. To meet the manpower demand, 43 new Engineering Colleges has been approved by the Nagpur University for the establishment in and around Nagpur.
Mihan involves the biggest economic investment in India under the share of State government's Maharashtra Airport Development Company (MADC), City and Industrial Development Corporation (CIDCO), Nagpur Improvement Trust (NIT), Maharashtra Industrial Development Corporation (MIDC), Maharastra State Road Transport Corporation (MSRTC) and Nagpur Municipal Corporation (NMC). Along with the central and state authority investment, this project is also financed by several banks under loan of INR 3,000 million.
Mihan covers total area of 4354 Hectares of land in Nagpur. For the accomplishment of MIHAN project, Maharashtra Government has establishment a separate body by the name of Maharashtra Airport Development Company (MADC). MIHAN is considered the largest project in Indian aviation industry, aimed at providing service to about 14 million passengers and has the ability to handle 0.87 million tons of cargo. It has been estimated that the big project required huge amount of revenue for its accomplishment with an estimated amount of 2581 crores rupees (by year 2035) and is expected to generate revenues of 5280 crores rupees.
MIHAN Socio-Economic Impact
MIHAN, the project in Nagpur has been started to provide the excellent infrastructure from residential to commercial region for a modern living. The biggest economic development project MIHAN has been established in the geometrical centre of the country and is well connected with the metropolitan cities. It is an idea business hub established to meet all business related needs. The excellent infrastructure and well furbished area with easy and quick service through one window operation makes it different and unique from other projects going-on in India. The fast procedural systems and full time supports are available to serve customers better.