Nagpur, is a third largest city of Maharashtra. Nagpur is the city which is famous across India for Orange. The city is also known as Orange City for being major trade center of orange cultivated in the region.
As per the details, the city was ranked the fastest-growing city in India in terms of number of households with an annual income of 1 crore or more. The city has industrial hubs, education hubs and markets. The Butibori industrial area is one of the largest in Asia in terms of area. The estate’s largest unit is Indo Rama Synthetics, which manufactures synthetic polyester yarn. The area includes power trasmission company Gammon India Limited (T & D). Gammon India Ltd. (Infra), KEC, ACE Refractories, Hyundai Unitech, ACC Nihon Casting Ltd and Electrolux. CEAT Types has also announced its plans to invest Rs. 400 crore in a state-of-art- tyre plant in Butibori, Nagpur.
The city in listed in World’s fastest-growing cities and ranked at 5th place. As per the information, the city is growing with the average annual growth rate of 8.41 percent.