MIDC acquires 113-hectare land for textile park

As a part of its move to establish a textile park, the regional office of Maharashtra Industrial Development Corporation?s (MIDC) has acquired 113 hectares of land at Sayane near Malegaon. A proposal for infrastructural development has been sent to the head office for approval. Once the approval comes in, MIDC will float tenders for developing infrastructure. The park is expected to attract investment and provide job opportunities to the youths.

The newly acquired land will house only textile units. The proposal has been sent to the head office in Mumbai for approval. The Corporation is in the process of developing infrastructure. A proposal worth Rs 15 crore to develop infrastructure like roads, water supply, streetlights, among others is already in place.

Apart from this, the MIDC is also mulling building a CETP project for the textile units. The CETP project is estimated to cost Rs 10 crore.