What is the Full Form of MIDC?

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MIDC Full Form is Maharashtra Industrial Development Corporation. The Maharashtra Industrial Development Corporation (MIDC) is a division of the Maharashtra State Government in India that works to promote business development and industrialization in Maharashtra.

The state of Maharashtra India established the Maharashtra Industrial Development Corporation (MIDC), which is the dominant company in the state. Infrastructure including lands (open plots or built-up spaces), roadways, drainage facilities, street lights and drinking water supply, is made available to enterprises. The CEO of MIDC Maharashtra Industrial Development Corporation is Dr Vipin Sharma, IAS.

Functions of MIDC

Under the Maharashtra government in India, the primary body for investment promotion is called the Maharashtra Industrial Development Corporation (MIDC). It is crucial to the development of Maharashtra’s industry and economy.

 The MIDC’s duties include:

  • Infrastructure provision for enterprises, including land, roads, water supplies, drainage systems, and streetlights
  • Creating industrial zones for deliberate and methodical industrial development
  • Supporting industries throughout the whole investment lifecycle and resolving any problems they could encounter in their operations
  • Out a red carpet to potential investors in Maharashtra and enhancing its services in response to industry input
  • Preserving the ecology and natural resources

Industrial Areas developed by MIDC

In Maharashtra, India, the Maharashtra Industrial Development Corporation (MIDC) has created 233 industrial areas totalling 53,120 hectares.

These industrial sectors can be found throughout Maharashtra, notably in the cities of Pune, Amravati, Nagpur, and Umred.

 Additionally, MIDC has created industrial clusters and parks with specialised infrastructure, including, among others, IT & BT Parks, Chemical Zones, Wine Parks, Leather Park, Textile Parks, Floriculture Park, Food Parks, and Electronic Zone.

In order to draw international businesses, MIDC has also created five-star industrial areas in nine different sites around Maharashtra.

In addition, MIDC is creating special economic zones to give exporters a hassle-free environment.

Talegaon Industrial Area, Mirjole, Indapur, Anjangaon Lote Parshuram Industrial Area, and Ranjangaon (Phase-I) Industrial Area are only a few of the industrial regions created by MIDC. To assist these industrial regions, MIDC has also built infrastructure like roads, water supplies, drainage systems, and street lighting, among others.

This was all about the MIDC Full form. Visit the General Knowledge page to discover more intriguing articles about full forms. Get in touch with the experts at Leverage Edu in order to kickstart your study abroad journey!

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