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Question
State the advantages of the Maharashtra Industrial Development Corporation.
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Solution
Maharashtra Industrial Development Corporation (MIDC) is a scheme of the government of Maharashtra and is the most important Corporation. It provides business with infrastructure and transportation facilities such as land, roads, water supply, drainage facilities and street lights.
- Many industrial hubs, IT corridors and airports have been developed through the MIDC.
- Steady growth
- More development in industrial units will ensure more growth in the economy. The growth is ensured by emphasizing more employment opportunities in the state.
- More favourable for a business atmosphere
- MIDC makes the state more favourable for industrial and business development. More business attracts the investment from foreign for starting a new industry and business.
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State whether the following statement is true or false. Correct the incorrect statement.
The aim of the industrial development corporations is to decentralize industrialization.
Answer the following question in three to four lines.
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