State plans new industrial policy

The minister has convened a meeting with trade associations and chambers on Thursday to seek their views before formulating the new policy which would be announced within a month.

“With a stable government in place, Maharashtra would continue to attract investment,” Kadam said on the occasion of the launch of India’s largest IT park–Millennium Business Park (MBP)–set up by the Maharashtra Industrial Development Corporation (MIDC) at MHAPE in Navi Mumbai.

“The State Government is totally committed to providing IT infrastructure of international standards via MIDC with a view to ensure that the state acquirers its rightful place on the top and capitalize on the tremendous potential that exists here,” he said, adding that the development of the Mumbai-Pune knowledge corridor and a series of IT parks along this corridor as well as at place like Nagpur, Aurangabad and Nasik were rightful steps in this direction.

Meanwhile, MIDC on Wednesday officially launched its ambitious Millennium Business Park (MBP)–India’s largest information technology (IT) park–which is spread over 48 acres off Mhape in New Mumbai.

With 20,00,000 saleable sqft spread of 48 acres, out of which 50 per cent has already been sold, the park has 32 buildings in the complex, customised to suit the customer requirements–with all facilities like power, telephone lines and connectivity already being provided. Among the noteworthy buyers include Bombay Stock Exchange, Datamatics, Mastek, CMS Computers, Aptech, Castrol, ADCC, Rolta and Herdillia group.

According to MIDC chief executive officer J Kale, compared to similarly positioned IT parks in the country, the MBP is not only the largest, but also offers custom made and sophisticated facilities combined with the best possible pricing. “MIDC is offering extremely attractive payment terms to corporations setting at the park, with low pricing and deferred payment schemes at reasonable interest rates spread over seven years, combined with a two year moratorium. Purchasers of prominently large property area, are also offered the double benefit of opting for property at the prestigious SEEPZ complex at Andheri,” he said.

MIDC has so far established 73 major industrial areas, 36 growth centres and 71 mini industrial areas through out the state and is currently in the process of setting up additional 11 major industrial areas, 28 growth centres and 76 mini-industrial area.