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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.
Accordingly, the City and Industrial Development Corporation of Maharashtra Limited was incorporated on 17 March 1970 under the Companies Act 1956. By February 1970, the government notified for acquisition of privately owned land covering 86 villages and measuring 159.54 km 2 within the present limits of Navi Mumbai.
It is also one of the world's top ten centres of commerce in terms of global financial flow, [3] generating 6.16% of India's GDP, [4] and accounting for 25% of industrial output, 70% of maritime trade in India (Mumbai Port Trust and JNPT), [5] and 70% of capital transactions to India's economy.
In April 2000, the Maharashtra Industrial Development Corporation (MIDC) took over the development and maintenance of the airport. [ 6 ] 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.
Waluj MIDC After 1960, Maharashtra Industrial Development Corporation (MIDC) began acquiring land and setting up industrial estates. Land was acquired near Waluj Village on Aurangabad - Ahmednagar highway in the 1970s & 1980s.
Khed City is an Industrial park near Pune, India. [1] With an area of over 4200 acres, Khed city is a joint venture between Kalyani group and MIDC (Maharashtra Industrial Development Corporation). [2]
MSRDC logo on roaring tiger painting below the Seven Hills flyover in Aurangabad.. The roles and responsibilities of the MSRDC are listed as: [1] "MSRDC is charged with the responsibility of planning, designing, constructing and managing select road projects, flyovers, bridges, light rail transit, sea links and water transport etc. in Maharashtra and integrated road development projects in ...
The place has seen rapid development due to: The existence of more than 1500 industrial units. Its proximity to Mumbai & Gujarat. [3] Easy access by train and road. Availability of surplus power and water. Its vicinity of Maharashtra's largest fishing port Satpati (20 km [12 mi]). The upcoming Mumbai-Ahmedabad bullet train having a stop at Boisar.