State allows pvt players to establish industrial parks

MUMBAI: In order to facilitate private sector participation in industrial parks and enhance growth, the Maharashtra government today announced a policy that allows the private sector to build industrial parks. The investment in such parks has also been exempted from stamp duty. Announcing the decision after the weekly cabinet meeting, chief minister Sushil Kumar Shinde said the decision is aimed at facilitating industrial growth across the state.
The policy allows private companies to either look for an independent location or to build one at a place earmarked by the Maharashtra Industrial Development Corporation (MIDC) for industrial estates.
MIDC would have three key roles to play. It will act as a licenser for build own operate (BOO) or build operate transfer (BOT) projects, take part in a JV with a selected developer or play a statutory role and act as a special planning authority.
The state-run corporation will be responsible for identifying land as well as a developer for the project. The developer will be responsible for construction, finance, operation and maintenance of the park. The company will also have to develop infrastructure like water, sewage, electricity, roads, car parks, restaurants and health care.