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Company type | Special-purpose company |
---|---|
Industry | Airport Development |
Founded | 2002 |
Founder | Government of Maharashtra |
Headquarters | Mumbai , India |
Key people | Swathi Pandey MD |
Owner | State Government of Maharashtra |
Website | madcindia |
Maharashtra Airport Development Company Limited abbreviated as (MADC), is a Special Purpose Company constituted in 2002 by the Government of Maharashtra (GoM) to plan, construct, operate and maintain airports in the State. The government has entrusted MADC the task of developing three `greenfield' and six `brownfield' airports, and a heliport at Gadchiroli. [1] MADC was also to play a lead role in the planning and implementation of the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) project, [2]
In April 2017, a report by the Comptroller and Auditor General of India (CAG) criticised the MADC for not developing a single airport in the state due to absence of a long-term plan, despite 14 years of its existence. The report also stated that Grants given by the state government for development of airports were lying unused, thus "blocking up" the public money. [1]
Keeping in mind all the key objectives, MADC was formed with equity participation from City and Industrial Development Corporation Ltd. (CIDCO), Nagpur Improvement Trust (NIT), Maharashtra Industrial Development Corporation (MIDC), Maharashtra State Road Development Corporation Ltd. (MSRDC) and the Nagpur Municipal Corporation (NMC). The master plan of MIHAN consists of a Special Economic Zone [3] comprising an Information Technology City, a Health City, a Captive Power Plant and other Manufacturing and Value Added units.
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.
The Government has approved proposals for developing three greenfield airports.
Nagpur is the third-largest city of the Indian state of Maharashtra after Mumbai and Pune. It is called the heart of India because of its central geographical location. It is the largest and most populated city in central India. Also known as the "Orange City", Nagpur is the 13th largest city in India by population. According to an Oxford's Economics report, Nagpur is projected to be the fifth fastest growing city in the world from 2019 to 2035 with an average growth of 8.41%. It has been proposed as one of the Smart Cities in Maharashtra and is one of the top ten cities in India in Smart City Project execution.
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Maharashtra is a state in western India. It is the country's second-most-populous state and third-largest state by area. Maharashtra is bordered by the Arabian Sea on the west, Gujarat and the Union territory of Dadra and Nagar Haveli on the northwest, Madhya Pradesh on the north and northeast, Chhattisgarh on the east, Karnataka on the south, Telangana on the southeast and Goa on the southwest. The state covers 307,731 km2 (118,816 sq mi), or 9.84 percent of India's total area.
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