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 History
After the formation of Maharashtra State on May 1, 1960, the Government of Maharashtra constituted a "Board of Industrial Development" (BID) on October 1, 1960, under the Chairmanship of Shri. S. G. Barve, I.C.S. The various committees recommendations received in the industries department were taken up for implementation and as per the Borkar Committees recommendations, development of Ulhas Valley Water Supply was entrusted to the Board of Industrial Development (BID).

The BID framed the legislation and it was introduced before the state legislation and passed in the form of "Maharashtra Industrial Act" which gave birth to MIDC, as a separate corporation on August 1, 1962. The BID were the first personnel strength of MIDC.

TTC Industrial Are 1962
A small ceremony at Wagle Estate Thane, under the Chairmanship of the Chief Minister Shri Y.B. Chavan, marked the birthday of MIDC on August 1, 1962. The Board of Industrial Development during it's existence between October 1, 1960 to August 1, 1962, has done enough spade work to identify the locations for setting up industrial areas in different parts of the state. Thus, right in the first year of establishment MIDC has come up with 14 industrial areas, to initiate action for infrastructure and help entrepreneurs set up the industrial units in those areas.

The key historical policy decisions taken by MIDC certainly changed the social economic scenario of the state as its activities spread in the interior. The important policy decision of setting up "independent filtered /potable water supply system of adequate capacity" as essential infrastructure for industrial development was the most intelligent step taken by MIDC right in the beginning. It stabilised the population base near the industrial areas. The strategically wise decision taken simultaneously to provide water supply to nearby domestic population from the capabilities created by MIDC of their own water supply system resulted in a phenomenal urban growth in the nearby small towns and villages. The growth of Kalyan complex and Pimpri-Chinchwad are results of this key policy decision taken by MIDC.
 Objectives
 To achieve balanced industrial development of Maharashtra with an emphasis on developing    parts and underdeveloped parts of the State
 Infrastructural development of each and every district of Maharashtra and
 Facilitate entrepreneurs in setting up industries at various locations
Activities
The MIDC has been declared as an agent of the State Government for carrying out the activities within the framework of the MID Act and the MID Rules. These activities can be divided under following 3 broad categories.

 Acquisition and disposal of land.
 Provision of infrastructure facilities.
 Providing of services.
ACQUISITION & DISPOSAL OF LAND
The land for industrial areas is acquired by the Government of Maharashtra under Chapter VI of the MID Act. 1961 and handed over to the Corporation for further disposal. Likewise, wherever available, the Government land is also handed over to the Corporation as an industrial area. The Government pays for the compensation for the private land from its own fund. The Corporation in turn plans the area and disposes the land in suitable plots by leasing out for 95 years. For this purpose the Corporation recovers the premium lease money at different rates for different industrial areas. Also the Corporation constructs built-up accommodations like Sheds and Flatted units and sale them out to the prospective industrialists together with the land there under on lease basis. As on 31.3.2002 the Corporation has planned 87633.76 (Hectares) of land against which 52222.57 Hectors of land has already come in possession of the Corporation.
Provision of Infrastructure Facilities
In terms of the provision of the MID Act, 1961 and the relationship prescribed by the Government in that regard, the Corporation is required to provide infrastructure facilities like Roads, Streetlight, Drainage, Water Supply schemes and Buildings for Common facilities like Post & Telegraphs, Canteen, Bank, Telephone etc. The Corporation meets the expenditure on such works (facilities) generally from the premium lease money received by it from the allottees. The relationship further prescribes that the industrial area, after it is fully developed, should be returned back to the Government / handed over to such agency or authority as the State Government may directs, after striking out the account of the industrial area concerned. The surplus / deficit generated out of such operations is to be made good to or recovered from the State Government as the case may be. As the development of an industrial area is a long process and instant objective, the Government has prescribed certain scale of interim annual payments which are termed as .On account Advance Payment to Government .. As on 31st March 2002 the Government has spent Rs. 303.44 crores on land compensation against which the Corporation has paid 339.09 crores as .On account Advance payment to Government.

In this connection it may stated that the powers to fix the rates of premium for land for different industrial areas rest with the Corporation. Since it is the aim of the Government and the Corporation to achieve a balanced development of the entire State with special emphasis on the development of backward regions of the state, the Corporation follows a policy of cross subsidisation rate structure on A B C D zones pattern, in that the rates of land premium in developed and semi developed parts of the State are higher compared to the rates in developing and backward regions.
Providing of Services
The Corporation provides the following services to the units in its industrial areas :-
Assured Water Supply
From among the various services provided by the Corporation, an assured pure water supply can be regarded as a unique speciality of the MIDC. The investment on the water supply scheme (Head works) made by MIDC as on 31st March, 2002 is over Rs. 731.30 crores with installed capacity of water supply of 1941 MLD. The annual revenue from water is over Rs 375.96 crores.

For the purpose of regulating the water supply operations of the Corporation the Government of Maharashtra has prescribed a legal and financial relationship between the Government and the Corporation. The salient features of this relationship are as under -
A water supply scheme providing water to more than one industrial area in grid system is termed as Centralised water supply scheme the ownership of which remains with the MIDC. On the other hand a water supply scheme catering the need of only one industrial area is termed as Localised water supply scheme with ownership remaining with Government, as in the case of Industrial area itself.
The water supply made either from Centralised or Localised water supply scheme is treated as supply made on behalf of Government and the revenue thus collected is shown as revenue accrueing to Government.
While the operating expenditure of Centralised Water supply scheme is debited to the Corporations account (Income & Expenditure) the operating expenditure of Localised water supply scheme is debited to the account of Government in agency function.
The Corporation takes credit of so much portion of the water revenue as is sufficient to meet its net operating and other expenses. This is done annually at a bulk rate arrived at by dividing the net expenses debited to the Income and Expenditure Account of the Corporation by quantity of water supplied through the Centralised water supply scheme.
The surplus/deficit generated out of total water supply operations is to the account of Government.
In this connection, it is to be noted that though the relationship provides for the crediting of the entire water revenue to the account of Government in agency function, the G.R. prescribing the relationship does not categorically stipulate to pay the amount of surplus generated out of water supply operations to Government. In other words the Corporation is impliedly authorised to plough-back the surplus in its operations.
Maintenance of Industrial Areas
This is a municipal function requiring the Corporation to maintain the Roads, Street lights, Fire stations ( in few areas ) during the transitory period up to handing over of the industrial area either to Government or other agency as the Government may decide. The MID Act, vide Section 56, provides for the exist policy after the purpose of industrial development as contemplated in the Act is fulfilled. However, this has seldom become possible in the absence of a substitute agency to take over the responsibility, except in few cases like that of Marol, Wagale Estate, Pimpri Chinchwad etc. where the Corporation could hand over only the roads and street lights to local Municipal Corporations. In other areas, the Corporation carries on this function as a committed obligation. For this purpose the Corporation recovers service charges to defray the expenditure on such services.
Drainage (effluent disposal) and CETP Schemes
The Corporation has Effluent Disposal (Drainage) schemes only in selected Industrial areas having chemical industries. Such schemes are designed to collect and discharge the treated effluent only. In such areas the Corporation recovers drainage cess to defray the expenditure on maintenance and to partially recover the capital cost. Also with a view to arrest pollution, the Corporation has started the operations like Hazardious waste Management and Common Effluent Plants on Joint venture basis with the help of local industries associations.
Other Services
Theses includes providing and maintaining Common Facility Centers like P&T, Banks etc. Though the Corporation does not levy any specific cess for the purpose, the C. F. C. building are subject to rentals. Such rental together with other miscellaneous income from the area covers the maintenance cost of such CFCs.
 Activities
The MIDC has been declared as an agent of the State Government for carrying out the activities within the framework of the MID Act and the MID Rules. These activities can be divided under following 3 broad categories.

 Acquisition and disposal of land.
 Provision of infrastructure facilities.
 Providing of services.
Objectives
 To achieve balanced industrial development of Maharashtra with an emphasis on developing    parts and underdeveloped parts of the State
 Infrastructural development of each and every district of Maharashtra and
 Facilitate entrepreneurs in setting up industries at various locations
ACQUISITION & DISPOSAL OF LAND
The land for industrial areas is acquired by the Government of Maharashtra under Chapter VI of the MID Act. 1961 and handed over to the Corporation for further disposal. Likewise, wherever available, the Government land is also handed over to the Corporation as an industrial area. The Government pays for the compensation for the private land from its own fund. The Corporation in turn plans the area and disposes the land in suitable plots by leasing out for 95 years. For this purpose the Corporation recovers the premium lease money at different rates for different industrial areas. Also the Corporation constructs built-up accommodations like Sheds and Flatted units and sale them out to the prospective industrialists together with the land there under on lease basis. As on 31.3.2002 the Corporation has planned 87633.76 (Hectares) of land against which 52222.57 Hectors of land has already come in possession of the Corporation.
Provision of Infrastructure Facilities
In terms of the provision of the MID Act, 1961 and the relationship prescribed by the Government in that regard, the Corporation is required to provide infrastructure facilities like Roads, Streetlight, Drainage, Water Supply schemes and Buildings for Common facilities like Post & Telegraphs, Canteen, Bank, Telephone etc. The Corporation meets the expenditure on such works (facilities) generally from the premium lease money received by it from the allottees. The relationship further prescribes that the industrial area, after it is fully developed, should be returned back to the Government / handed over to such agency or authority as the State Government may directs, after striking out the account of the industrial area concerned. The surplus / deficit generated out of such operations is to be made good to or recovered from the State Government as the case may be. As the development of an industrial area is a long process and instant objective, the Government has prescribed certain scale of interim annual payments which are termed as .On account Advance Payment to Government .. As on 31st March 2002 the Government has spent Rs. 303.44 crores on land compensation against which the Corporation has paid 339.09 crores as .On account Advance payment to Government.

In this connection it may stated that the powers to fix the rates of premium for land for different industrial areas rest with the Corporation. Since it is the aim of the Government and the Corporation to achieve a balanced development of the entire State with special emphasis on the development of backward regions of the state, the Corporation follows a policy of cross subsidisation rate structure on A B C D zones pattern, in that the rates of land premium in developed and semi developed parts of the State are higher compared to the rates in developing and backward regions.
Providing of Services
The Corporation provides the following services to the units in its industrial areas :-
Assured Water Supply
From among the various services provided by the Corporation, an assured pure water supply can be regarded as a unique speciality of the MIDC. The investment on the water supply scheme (Head works) made by MIDC as on 31st March, 2002 is over Rs. 731.30 crores with installed capacity of water supply of 1941 MLD. The annual revenue from water is over Rs 375.96 crores.

For the purpose of regulating the water supply operations of the Corporation the Government of Maharashtra has prescribed a legal and financial relationship between the Government and the Corporation. The salient features of this relationship are as under -
A water supply scheme providing water to more than one industrial area in grid system is termed as Centralised water supply scheme the ownership of which remains with the MIDC. On the other hand a water supply scheme catering the need of only one industrial area is termed as Localised water supply scheme with ownership remaining with Government, as in the case of Industrial area itself.
The water supply made either from Centralised or Localised water supply scheme is treated as supply made on behalf of Government and the revenue thus collected is shown as revenue accrueing to Government.
While the operating expenditure of Centralised Water supply scheme is debited to the Corporations account (Income & Expenditure) the operating expenditure of Localised water supply scheme is debited to the account of Government in agency function.
The Corporation takes credit of so much portion of the water revenue as is sufficient to meet its net operating and other expenses. This is done annually at a bulk rate arrived at by dividing the net expenses debited to the Income and Expenditure Account of the Corporation by quantity of water supplied through the Centralised water supply scheme.
The surplus/deficit generated out of total water supply operations is to the account of Government.
In this connection, it is to be noted that though the relationship provides for the crediting of the entire water revenue to the account of Government in agency function, the G.R. prescribing the relationship does not categorically stipulate to pay the amount of surplus generated out of water supply operations to Government. In other words the Corporation is impliedly authorised to plough-back the surplus in its operations.
Maintenance of Industrial Areas
This is a municipal function requiring the Corporation to maintain the Roads, Street lights, Fire stations ( in few areas ) during the transitory period up to handing over of the industrial area either to Government or other agency as the Government may decide. The MID Act, vide Section 56, provides for the exist policy after the purpose of industrial development as contemplated in the Act is fulfilled. However, this has seldom become possible in the absence of a substitute agency to take over the responsibility, except in few cases like that of Marol, Wagale Estate, Pimpri Chinchwad etc. where the Corporation could hand over only the roads and street lights to local Municipal Corporations. In other areas, the Corporation carries on this function as a committed obligation. For this purpose the Corporation recovers service charges to defray the expenditure on such services.
Drainage (effluent disposal) and CETP Schemes
The Corporation has Effluent Disposal (Drainage) schemes only in selected Industrial areas having chemical industries. Such schemes are designed to collect and discharge the treated effluent only. In such areas the Corporation recovers drainage cess to defray the expenditure on maintenance and to partially recover the capital cost. Also with a view to arrest pollution, the Corporation has started the operations like Hazardious waste Management and Common Effluent Plants on Joint venture basis with the help of local industries associations.
Other Services
These includes providing and maintaining Common Facility Centers like P&T, Banks etc. Though the Corporation does not levy any specific cess for the purpose, the C. F. C. building are subject to rentals. Such rental together with other miscellaneous income from the area covers the maintenance cost of such CFCs.
Board of Directors