(MENAFN- KNN India) Mumbai, Nov 17 (KNN) XSIO Industrial & Logistics Parks, in partnership with global investment firm Blackstone, has begun construction of Park ONE- North, a next-generation industrial and logistics park in Nagpur.

Maharashtra Chief Minister Devendra Fadnavis led the ceremony, marking progress on the Rs 5,127 crore MoU signed between XSIO and the state government in May 2025.

The Rs 2,000 crore Foreign Direct Investment (FDI) backed project is part of XSIO's plan to develop four advanced industrial parks across Maharashtra.

Spread across 105 acres, the Nagpur facility is expected to create more than 10,000 direct and indirect jobs, as reported by PTI.

Fadnavis said the project reflects Maharashtra's efforts to expand high-quality infrastructure beyond major metros and attract long-term global investment.

Such projects support inclusive growth and strengthen the state's position as a preferred investment destination.“This is development that connects progress with people, and prosperity with purpose” he added.

Park ONE–North is being developed as a net-zero–ready industrial ecosystem, compliant with Environmental, Social and Governance (ESG) standards.

It will feature Indian Green Building Council (IGBC) Platinum and Excellence in Design for Greater Efficiencies (EDGE) Advanced sustainability targets.

The park will also incorporate AI-enabled building management systems, digital-twin technology and integrated solar power. In addition, it will include zero-liquid-discharge water systems and advanced fire-safety infrastructure.

The new park will strengthen Nagpur's emergence as a logistics hub while enabling businesses, especially MSMEs, to scale operations more efficiently.

(KNN Bureau)

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