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MIDC acquires 113 hectare land for textile park

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

Briefing about the same, a senior official from the MIDC said the Corporation has already acquired 113 hectares at Sayane near Malegaon that will house only textile units. The proposal has been sent to our 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 Common Effluent Treatment Plant (CETP) project for the textile units. The CETP project is estimated to cost Rs 10 crore.