NICA can get large scale investments for Pune.

Pune's business community is delighted with the two major announcements made in the Union Budget. This includes-- the setting up of the headquarters of National Industrial Corridor Authority (NICA), and creation of an agri-biotech cluster like in Mohali,Punjab through collaborations in the public and private sector.

The budget also allocated Rs. 100 crore for the creation of NICA, which many feel would boost the industrial activities in this belt.

'The National Industrial Corridor with headquarters in Pune can bring in improved infrastructure, large scale industrial investment and viable industrial clusters for higher level of technology infusion. It will reinforce Pune's stature as a hub of industrial resurgence, said M S Unnikrishnan, MD & CEO, Thermax.

BS