In a strategic move to invigorate Maharashtra’s industrial landscape, the Maharashtra Industrial Development Corporation (MIDC) has undertaken a concerted effort to allocate land to industries across the state, heralding a new era of economic growth and investment influx.
Over the past eighteen months, MIDC’s proactive approach has resulted in the allocation of approximately 1.83 crore square metres of land, underscoring a significant boost to industrial development initiatives. Notably, regions like Marathwada, particularly Chhatrapati Sambhajinagar, and Nanded have witnessed substantial growth, with 66,055 square metres and 1,58,832 square metres allocated respectively, fostering a conducive environment for industrial expansion.
The cities of Amravati and Nagpur have emerged as pivotal hubs for industrial expansion, with a combined land allocation of 9,95,848 square metres, attracting a remarkable investment influx of Rs 58,194 crores. This surge in industrial activity not only augments economic prosperity but also generates substantial employment opportunities, with a total of 74,446 jobs created within the state. Nagpur spearheads the job creation initiative with 23,481 individuals finding employment, closely followed by Pune with 16,455 jobs generated. Furthermore, industries in Chhatrapati Sambhajinagar have contributed to the employment of 2100 individuals, showcasing the diversified impact of MIDC’s land allocation strategy.
Pune retains its status as a dominant industrial hub, with land allocated to 73 industries within the Pune-1 circle, exemplifying sustained industrial momentum. Other regions such as Nagpur, Dhule, Amravati, and Thane-2 have also secured allocations for numerous industries, further underscoring the state’s burgeoning industrial landscape. The consequential investment influx of approximately Rs 58,194 crores signifies a transformative phase in Maharashtra’s industrial evolution, with Nagpur leading the way with Rs 25,957 crores in investments, followed closely by Panvel with Rs 17,499 crores. Additionally, regions like Pune-1, Thane-2, Sangli, and Chhatrapati Sambhajinagar have also witnessed considerable investment inflows, indicative of a thriving industrial ecosystem. MIDC’s strategic land allocation initiatives have not only galvanised economic growth but have also catalysed the creation of thousands of job opportunities, underscoring Maharashtra’s pivotal role in India’s industrial resurgence.
