Maharashtra to take 6k acres at Satara for industrial corridor

CM Eknath Shinde announced that the state government would acquire land at Satara for the Mumbai-Bengaluru industrial corridor during the first apex monitoring authority meeting of the National Industrial Corridor Development Programme held in Delhi chaired by finance minister Nirmala Sitharaman. Shinde attended the meeting virtually.

Officials said that the state government has identified 6,000 acres to be acquired for the corridor. Currently, the Delhi=Mumbai industrial corridor is in an advanced stage of development with two nodes at Aurangabad and at Dighi in Raigad district. The state has acquired 14,000 acres for the two nodes. The proposed Delhi-Nagpur corridor is still in the conceptual stage with two nodes planned at Nagpur and Amravati. Shinde said nearly 85% of land had been acquired in Dighi and in-principle approval for Dighi city is awaited. The development of the corridors is a 50-50 partnership — the state government will provide investment in the form of land and the Centre will provide a matching monetary grant.

We’ll make available approximately 7,500 acres of land worth Rs 3,500 crore for Dighi, and NICDC will provide Rs 3,500 crore for land development. This will be handed over to the special purpose vehicle for development,” said an official in the know.

Shinde further pointed out that the Centre is yet to grant approval for the textile park at Aurangabad as also the multi-logistics part and 40km ring road in Auric City, Aurangabad. The Centre is also to grant approval for the medical devices and bulk drug parks at Dighi, said officials. The next meeting will be held in November.

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