Maharashtra Industrial Development Corporation’s Initiatives Drive Investment and Employment Opportunities Across the State
In the past eighteen months, the Maharashtra Industrial Development Corporation (MIDC) has embarked on a concerted effort to allocate land to industries across the state, signaling a substantial boost to the industrial landscape and fostering economic development.
A staggering 1.83 crore square meters of land have been distributed, underscoring the state government’s commitment to facilitating industrial expansion. Notably, Marathwada, particularly Chhatrapati Sambhajinagar, has experienced significant growth, with 66,055 square meters allotted to eleven companies. Nanded closely follows with 1,58,832 square meters allocated to nine companies.
The cities of Amravati and Nagpur have emerged as focal points for industrial expansion, collectively receiving an allocation of 9,95,848 square meters of land. This surge in industrial activity has attracted a substantial investment of Rs 58,194 crores, promising economic prosperity and job opportunities for the region.
The influx of industries has translated into tangible employment opportunities, with a total of 74,446 jobs created within the state. Nagpur leads in job creation with 23,481 individuals finding employment, followed closely by Pune with 16,455 jobs generated. Chhatrapati Sambhajinagar’s burgeoning industries have contributed jobs to 2100 people.
Pune remains a dominant industrial hub, with land allocated to 73 industries within the Pune-1 circle. Nagpur and Dhule have also secured allocations for 54 industries each, while Amravati and Thane-2 accommodate 50 and 40 industries respectively. Regions like Ratnagiri, Panvel, and Kolhapur have also witnessed industrial growth, with allocations to 27, 20, and 15 industries respectively.
The substantial investment influx of approximately Rs 58,194 crores has been pivotal in driving economic growth across various regions. Nagpur leads the way with Rs 25,957 crores in investments, followed by Panvel with Rs 17,499 crores. Pune-1, Thane-2, Sangli, Amravati, and Chhatrapati Sambhajinagar have also seen considerable investments.
The MIDC’s proactive approach in allocating land to industries has not only spurred economic growth but has also catalyzed the creation of thousands of job opportunities, consolidating Maharashtra’s position as a thriving industrial destination.
