8. Maharashtra Industrial Development Corporation (MIDC)
Its Maharashtra Industrial Development Corporation (MIDC).
It has been established on 01.08.1962. It 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.
After the formation of Maharashtra state on 1 May 1960, the government of Maharashtra constituted a "Board of Industrial Development" (BID) on 1 October 1960,
The BID framed the legislation; it was introduced before the state legislation and passed in the form of "Maharashtra Industrial Development Act" which gave birth to MIDC, as a separate corporation on 1 August 1962.
The key historical policy decisions taken by MIDC changed the socioeconomic scenario of the state as its activities spread in the interior. The important policy decision of setting up "independent filtered, potable water supply system of adequate capacity" as essential infrastructure for industrial development was the most intelligent step taken by MIDC in the beginning.
It stabilised the population base near the industrial areas. The simultaneously strategic decision taken to provide water supply to nearby population from the capabilities created by MIDC of their own water supply system resulted in phenomenal urban growth in the nearby small towns and villages.
Up to date 233 industrial areas are developed by MIDC in Maharashtra on 53120 hectors. With the experience of 45 years, MIDC observed that certain industries are required to be provided some specialized facilities. For the growth of industries and specialized parks/industrial clusters are developed with specialized infrastructure facilities. In this way IT & BT Parks, Wine Parks, Textile Parks, Chemical Zones, Food Parks, Leather Park, Floriculture Park and Electronic Zone etc. are developed by the MIDC.
Considering the international standard facilities required to attract multinational companies, five-star industrial areas are developed by MIDC at nine locations in Maharashtra. Considering the export potential of the products delineated duty-free, which is to be deemed to be foreign territory for the purpose of trade operations and duties and traffics, special economic zones are being developed by MIDC to provide hassle free environment for exporters. Maharashtra got overwhelming 74 Special Economic Zone approvals from the government of India which is in first position compare to other states in India.
The planned and systematic industrial development in the State of Maharashtra has continuously placed Maharashtra in first position in India for the highest productivity, economics performance, business efficiency, government efficiency, infrastructures and overall competitiveness.
