The Government of Maharashtra, on June 24, 2026, introduced the Maharashtra Industrial Development (Amendment) Bill, 2026 to replace the Maharashtra Industrial Development (Amendment) Ordinance, 2026. The Bill is deemed to have come into force with effect from June 16, 2026.
The Bill amends Section 22(2) of the Maharashtra Industrial Development Act, 1961, by increasing the maximum borrowing limit of the Maharashtra Industrial Development Corporation (MIDC) from ₹75 crore to ₹6,000 crore. The enhanced borrowing limit is intended to enable the Corporation to raise additional financial resources for the development of industrial areas, industrial estates, special economic zones, and essential industrial infrastructure across the State.
The Bill also repeals the Maharashtra Industrial Development (Amendment) Ordinance, 2026, while providing that all actions, notifications, and orders issued under the Ordinance shall be deemed to have been issued under the corresponding provisions of the amended Act. The Statement of Objects and Reasons explains that the borrowing limit had remained unchanged since 1975, and the increase has been proposed to support rising industrial investment, infrastructure development, land acquisition, and payment of compensation under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.
