The country’s number one business destination, India’s financial capital and the most industrialized state are few adjectives that define Maharashtra. Being an industrial powerhouse the state is always on the anvil of prospective investors both within and outside the country.
Maharashtra is one of the most industrialized states in the country and is home to the financial capital of India. Maharashtra accounts for roughly 15% of India’s GDP, 31% of cumulative FDI inflows (from 2000 onwards) and 25% of India’s exports. Maharashtra with a USD 387 billion is India’s largest economy and is planning to become the first trillion dollar economy in the country.
To enhance the position even further, the state continuously undertakes various initiatives through policy reforms, simplified doing business norms, regulatory reforms and by creating world class industrial infrastructure that act as strong foundation for a robust and sustainable economic growth. MIDC has the mandate to achieve balanced industrial development of Maharashtra, provide for infrastructural development of each and every district in state and facilitate entrepreneurs to setup industries at various locations.
MIDC till date has set up close to 264 industrial parks spread over 84,000 hectares of land spanning across the state. This has resulted into more than 60,000 industries setting up their production facilities in the state. The key role played by MIDC –
- MIDC aggregates otherwise disparate industrial development efforts within one body that can generate real expertise and track record of delivery
- Increases the pace and agility of the state’s response to investors/developers
- Leverages its presence (16 regional offices spread across 264 industrial complexes) to enlarge the scale of industrial development and investor facilitation
- Provides access to a single window system for land application and allocation to boost the ease of doing business in the state and boost external investment
- Focuses on holistic development of the state in each region through the development of industrial clusters (Ex: Mumbai-Thane for IT/ITeS and logistics, Pune for Auto and Electronics System Design and Manufacturing (ESDM) etc.)
- Improves the investment-readiness of key city projects, developing the propositions to make them more attractive to external investment
- Provides specialized and sustainable infrastructure such as the development of industrial parks (Ex: Food, IT/ITeS parks, Textile, Wine etc.) , designated chemical zones and commissioning and management of CETP’s and CHWTSDF’s for effective treatment of industrial waste