Maharashtra plans Mumbai-Bangalore industrial corridor

The Congress-led government in Maharashtra has proposed a Mumbai-Bangalore industrial corridor (MBIC), similar to the Delhi-Mumbai Industrial Corridor (DMIC). The project would be developed on a public-private partnership model and the majority of the investment would be accounted for by the private sector.

Speaking to Business Standard, Maharashtra Chief Minister Prithviraj Chavan said, “An announcement in this regard would be made in the next 10-15 days. The proposed MBIC would give a further boost to investments in this region.”

The government expects the MBIC to record investment in power, gas pipeline infrastructure, gas-based projects, information technology and agriculture. Chavan said under the DMIC, two national industrial manufacturing zones would be developed near Aurangabad in the Marathwada region and Dighi in the coastal Raigad district. To attract investments, the government is also developing the Mumbai-Aurangabad-Nagpur corridor, the Mumbai-Konkan corridor and the Pune-Supa-Kolhapur corridor.