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Maharashtra Industrial Development Corporation (MIDC) is a project of the government of Maharashtra state in India and is the leading corporation of Maharashtra.It provides businesses with infrastructure such as land (open plot or built-up spaces), roads, water supply, drainage facilities and street lights.
The Government of Maharashtra formed a special purpose entity named the Maharashtra Airport Development Company (MADC) for development of MIHAN. The project is financed by multiple Indian banks with a total loan amount of INR 30,000 crore along with investment from the state government and the Airports Authority of India .
MIDC in the 1990s established the third industrial estate in the city by acquiring 902 hectares of land at Shendra village. Shendra Industrial area is a 5-star industrial estate. Shendra has located 17 km from Aurangabad on Jalna road towards the east of the city. It is 8.0 km from Aurangabad airport. The Aurangabad railway station is 19.0 km away.
With the aim to facilitate increase in air traffic, which in turn, would help boost trade in the region, the Maharashtra State Industries Ministry began the process of modernisation of MIDC airports in 2006. It floated tenders inviting private parties to draw out a plan for airport operations. [2]
The remaining 30 percent will be divided between the Maharashtra Industrial Development Corporation (MIDC) and Pune Metropolitan Region Development Authority (PMRDA). [6] The Airports Authority of India conducted surveys on various areas near Pune for a new airport for the city.
To push development and trade in the Marathwada region, the Maharashtra State Industries Ministry initiated the process of modernisation of airports operated by MIDC in 2006. Tenders were floated to invite private parties to draw out a plan for flight operations, [7] as a result of which, the airport was leased to Reliance Airport Developers, a ...
Keeping in mind all the key objectives, MADC was formed with equity participation from City and Industrial Development Corporation Ltd. (CIDCO), Nagpur Improvement Trust (NIT), Maharashtra Industrial Development Corporation (MIDC), Maharashtra State Road Development Corporation Ltd. (MSRDC) and the Nagpur Municipal Corporation (NMC).
Khed City came into existence in the year 2010. Khed City, was formed under Khed Economic Infrastructure Ltd (KEIPL), which is a joint venture between Maharashtra Industrial Development Corporation (MIDC) and Kalyani Group. [3]