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ARTICLE · 17 JULY 2020

Maharashtra's Industrial Policy: Missed Opportunity?

To provide a way for denotified special economic zones (SEZs) to be developed into integrated industrial areas (IIAs), the government notified the Integrated Industrial Policy, 2013 (policy).

IndiaReal Estate and Construction

To provide a way for denotified special economic zones (SEZs) to be developed into integrated industrial areas (IIAs), the government notified the Integrated Industrial Policy, 2013 (policy).

The policy came into effect on 1 April 2013 and is applicable to land owned by the state government, the Maharashtra Industrial Development Corporation (MIDC) or the City and Industrial Development Corporation of Maharashtra (CIDCO). Schedule A of the policy sets out the eligibility criteria for the development of IIAs.

Allocation of land: The allocation of land for development was modified to 80% for industrial development and 20% for support activities from 60% and 40% respectively for land owned by MIDC, based on the development control regulations (DCRs) issued by MIDC. No separate DCRs have been issued by CIDCO, therefore, IIAs located on CIDCO lands will continue to be governed by the 60:40 ratio (in accordance with the policy), unless a specific clarification is issued

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