In recent years, Nashik has carved a niche for itself as India's "Napa Valley". Also, known as "The Wine Capital of India".
Online PR News – 17-July-2019 – Pune, Maharshtra – Nashik popularly known as "The Wine Capital of India", due to the huge production of Grape crop and also being the third largest industrial hub in Maharashtra is emerging as a smart city due to its rapid development.
In recent years, Nashik has also carved a niche for itself as India's "Napa Valley" and locally established wine brands such as "Sula" have attained international acclaim.
The GDP of Nashik is around USD 15.7 billion which accounts for 11.6% of Maharashtra's GSDP (Gross State Domestic Product).
The city houses the biggest Artillery Center in Asia which is an important training center for officers and soldiers of Indian Army.
Nashik consists of five industrial zones, the Wine park, Multi-product SEZ (Special Economic Zone) increasing the opportunities for starting new businesses. Currently the economy is driven by textile industry, designing and assembling industry, yet providing opportunities in IT, Retail, Private, Automobile, and food sectors.
Good connectivity with major cities like Mumbai, Pune, Ahmedabad, etc. has led to development in the city. Yet growth is slow due to lack of technical support and infrastructure.
The upcoming government projects like the metro and smart city proposal, will lift the economy of the city. The future of Nashik would be reasonably bright. Nashik can thus be seen as a pool of good economic activity spread across trading of agricultural produce, E-commerce and manufacturing.
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