Maharashtra Industrial Development Corporation (MIDC)

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Questions and Answers

In which year was the Maharashtra Industrial Development Corporation Act enacted?

  • 1962
  • 1960
  • 1963
  • 1961 (correct)

Who is the head of the Maharashtra Industrial Development Corporation?

  • Finance Minister
  • Revenue Minister
  • Industries Minister (correct)
  • Chief Minister

Which of the following is NOT a project under MIDC?

  • Agricultural Park (correct)
  • IT Township
  • Integrated Industrial Township
  • Logistic Park

What is the primary function of the Maharashtra Industrial Development Corporation?

<p>Industrial development (C)</p> Signup and view all the answers

Hinjewadi IT Park exemplifies which type of township?

<p>Integrated IT Township (D)</p> Signup and view all the answers

The MIHAN project located near Nagpur is primarily classified as what type of project?

<p>Logistic Park (D)</p> Signup and view all the answers

What was the main purpose of establishing the MIDC Act?

<p>Orderly establishment of industrial areas (C)</p> Signup and view all the answers

An Integrated Industrial Township includes which of the following?

<p>Industries and residential areas with other facilities (D)</p> Signup and view all the answers

MIDC was established to support which size of industries?

<p>Both large and small industries (C)</p> Signup and view all the answers

Which facility is typically NOT found in a Logistic Park?

<p>Schools (C)</p> Signup and view all the answers

Flashcards

When was MIDC established?

The Maharashtra Industrial Development Corporation (MIDC) was established in 1961 to promote and facilitate industrial development in the state of Maharashtra, India.

Who heads the MIDC?

The MIDC is headed by the Industries Minister of Maharashtra. This minister is responsible for overall oversight and policy decisions related to industrial development.

What is an Integrated Industrial Township?

An Integrated Industrial Township is a self-contained industrial area designed to encompass factories, offices, residential spaces, and supporting infrastructure. This creates a complete ecosystem for businesses and workers.

What is the main function of MIDC?

The primary function of the MIDC is to promote and facilitate industrial development in Maharashtra. This includes providing land, infrastructure, and incentives to attract businesses and create jobs.

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What is an IT Township?

IT Townships are specialized areas focused on information technology companies and related businesses. They provide infrastructure and support services tailored to the IT sector.

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What is a Logistic Park?

Logistic Parks are strategically located areas providing comprehensive facilities for the storage, distribution, and transportation of goods. They often include warehouses, truck terminals, and rail connections.

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What was the main purpose of the MIDC Act?

The MIDC Act was enacted to establish a systematic and orderly framework for the development of industrial areas in Maharashtra. It aimed to streamline industrial growth and create a conducive environment for businesses.

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What's included in an Integrated Industrial Township?

Integrated Industrial Townships aim to create complete, self-sufficient industrial communities. They include not only factories and offices but also residential areas, schools, recreational facilities, and other essential infrastructure.

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What types of industries does MIDC support?

The MIDC caters to both large-scale industries, like heavy manufacturing, and smaller businesses. It provides support services, infrastructure, and incentives to help businesses of all sizes succeed.

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What facilities are typical in a Logistic Park?

Logistic Parks are designed to be efficient hubs for moving goods. While they include warehouses, truck terminals, and railway sidings, they typically don't offer educational facilities like schools. Those are usually provided separately within the larger community.

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Study Notes

Maharashtra Industrial Development Corporation (MIDC)

  • The Maharashtra Industrial Development Corporation (MIDC) Act was enacted in 1961.
  • MIDC is headed by the Industries Minister.
  • MIDC's primary function is industrial development.
  • An agricultural park is not a MIDC project.
  • Examples of MIDC projects include Integrated Industrial Townships, IT Townships, and Logistic Parks. Hinjewadi IT Park is an example of an Integrated IT Township, while the MIHAN project near Nagpur is a Logistic Park.
  • The main purpose of the MIDC Act was to establish industrial areas in an organized manner.
  • Integrated Industrial Townships encompass industries and residential areas, along with necessary services.
  • MIDC is designed to support both large and small industries.
  • Logistic Parks typically include warehousing, truck terminals, and railway sidings but not schools.

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