At a time when demand for industrial land is declining due to the financial slowdown, the Maharashtra Industrial Development Corporation (MIDC) is looking for acquiring huge tracts of land for its various projects.
MIDC has gone low key now that the economy is cooling although it is busy wooing European manufacturers from steel to paper industry to set up their shops here.Land acquisition, however, is still going on, with the MIDC currently negotiating for 1,400 hectares at Chakan near Pune. This includes land for MIDC-Bharat Forge SEZ. Meanwhile, the payment process is on for the 600 acres of land it acquired at Jalna.
“We are also focusing on agro-processing and we will set up more food parks in the state,” he said. The state has already got approval for a setting up a mega food park at Shirwal by Chordia Food Products under the Central government's scheme, where each state gets one such food park along with a cash grant of Rs 50 crore. Despite the slowdown, the state is seeking approval from the Union commerce ministry for special economic zones (SEZs).
“We have recently received an approval for setting up an agro-processing SEZ at the Latur additional industrial estate. This is a large project and our co-developer for the 149-hectare project is Ramky Infrastructure. We are seeking the commerce ministry's approval for the co-developer,” the official said.
Other SEZs in the state are the 1,010-hectare multi-product SEZ at Amravati, 140-hectare textile SEZ in Nagpur, 104-hectare textile SEZ at Kolhapur with co-developer Soma Enterprises of Hyderabad and a 140 hectare SEZ in Nanded for pharmaceuticals.
To read more, please, visit - Gouri Agtey Athale - The Economic Times
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1,010-hectare multi-product SEZ at Amravati 140-hectare textile SEZ in Nagpur 104-hectare textile SEZ at Kolhapur 140 hectare SEZ in Nanded for pharmaceuticals
