Maharashtra Airport Development Company

Maharashtra Airport Development Company
Special Purpose Company
Industry Airport Development
Founded 2002
Founder Government of Maharashtra

Maharashtra Airport Development Company Limited abbreviated as (MADC), is a Special Purpose Company constituted in 2002 by the Government of Maharashtra (GoM) to play a lead role in the planning and implementation of the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) project,[1] MADC would also take up development of other Airports in Maharashtra not managed by the Airports Authority of India (AAI) and Indian Air Force (IAF) in order to provide air connectivity between District Headquarters and State Capital, Mumbai.

Formation of MADC

Keeping in mind all the key objectives, MADC was formed with equity participation from

Integrated with the development of MIHAN, the master plan of the project consists of a Special Economic Zone [2] comprising an Information Technology City, a Health City, a Captive Power Plant and other Manufacturing and Value Added units.

Other Projects

Existing Airports

The MADC has been tasked with developing some existing airports in Non-Metropolitan regions of Maharashtra. These are :

The remaining airports in the State of Maharashtra continue to remain under the jurisdiction of the MIDC.

Greenfield Airports

The Government has approved proposals for developing three greenfield airports.

See also

References

  1. ↑ About MADC
  2. ↑ SEZ-THE GAZETTE OF INDIA
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