INDUSTRIES, ENERGY, LABOUR AND MINING DEPARTMENT

Mantralaya, Madam Cama Marg, Hutatma Rajguru Chowk,

Mumbai 400 032, dated the 16th June 2026.

MAHARASHTRA ORDINANCE No. VII OF 2026.

AN ORDINANCE

further to amend the Maharashtra Industrial Development Act, 1961.

WHEREAS, both Houses of the State Legislature are not in session ;

AND WHEREAS, the Governor of Maharashtra is satisfied that

circumstances exist which render it necessary for him to take immediate action

further to amend the Maharashtra Industrial Development Act, 1961, for the

purposes hereinafter appearing;

NOW, THEREFORE, in exercise of the powers conferred by clause (1) of

article 213 of the Constitution of India, the Governor of Maharashtra is hereby

pleased to promulgate the following Ordinance, namely :––

Mah. III of

1962.

भाग आठ-५९–१

RNI No. MAHENG /2009/35528

महाारााष्ट्रट शाासन रााजपत्र

असाधाारण भााग आठ

वर्षष १२, अंक २७ (२)]

मंगळवार, जून १६, २०२६/ज्येेष्‍‍ठ २६, शकेे १९४८

[पृष्ठे 3, किं�ंमत : रुपयेे २७.००

असाधाारण क्रमांं�क ५९

प्रााधि�कृृत प्रकााशन

महाारााष्ट्र वि�धाानमंडळाचेे अधि�नि�य

म व रााज्यपाालांं�नी प्रख्यापि�त केलेले अध्यादेेश व केलेले

वि�नि�य

म आणि� वि�धि� व न्याय वि�भाागाकडून आलेली वि�धेेयकेे (इंंग्रजी अनुवाद).

In pursuance of clause (3) of article 348 of the Constitution of India, the following translation

in English of the Maharashtra Industrial Development (Amendment) Ordinance, 2026 (Mah. Ord

VII of 2026), is hereby published under the authority of the Governor.

By order and in the name of the Governor of Maharashtra,

SUPRIYA DHAWARE,

Secretary (Legislation) to Government,

Law and Judiciary Department.

(Translation in English of the Maharashtra Industrial Development (Amendment) Ordinance,

2026 (Mah. Ord. VII of 2026), Published under the authority of the Governor).

)१(

2

महाराष्ट्रõ शासन रा

असाधारण भाग आठ, जून १६, २०२६/ज्येष्ठ २६, शके १९

1.  (1) This Ordinance may be called the Maharashtra Industrial

Development (Amendment) Ordinance, 2026.

(2) It shall come into force at once.

2.  In section 22 of the Maharashtra Industrial Development Act, 1961,

in sub-section (2), for the words “rupees seventy-five crores” the words “rupees

six thousand crores” shall be substituted.

Amendment

of section 22

of Mah. III of

1962.

Mah. III

of 1962.

Short title and

commencement.

महाराष्ट्रõ शासन रा

असाधारण भाग आठ, जून १६, २०२६/ज्येष्ठ २६, शके १९

3

STATEMENT

The Maharashtra Industrial Development Act, 1961 (Mah. III of 1962) has

been enacted to make a special provision for securing the orderly establishment

in industrial areas and industrial estates of industries in the State of

Maharashtra, and to assist generally in the organization thereof, and for that

purpose to establish an Industrial Development Corporation, and for purposes

connected with the matters aforesaid.

2.  Section 22 of the said Act provides that the Corporation may, for the

purpose of providing itself with adequate resources, borrow money in the open

market or from any banks or financial institutions. Sub-section (2) of said section

22 provides that the maximum amount which the Corporation may have at any

time on loan shall be rupees seventy-five crores. The said maximum amount of

loan has not been increased for more than fifty years since year 1975.

3.  The Corporation undertakes development of industrial areas, special

economic zones and essential infrastructure for industrial development in the

State. Increasing industrial investment in the State requires additional

financial resources to develop new industrial projects and infrastructure

facilities by the Corporation. Such industrial development also requires large

scale acquisition of land and consequent payment of huge amount of

compensation to the landowners as per the provisions of the Right to Fair

Compensation and Transparency in Land Acquisition, Rehabilitation and

Resettlement Act, 2013 (30 of 2013).

In view of the above, it is considered expedient to increase the limit of the

maximum amount which the Corporation may have on loan from rupees

seventy-five crores to rupees six thousand crores by amending sub-section (2)

of section 22 of the said Act.

4.  As both Houses of the State Legislature are not in session and the

Governor of Maharashtra is satisfied that circumstances exist which render it

necessary for him to take immediate action further to amend the Maharashtra

Industrial Development Act, 1961, for the purposes aforesaid, this Ordinance

is promulgated.

Mumbai,

JISHNU DEV VARMA,

dated the 16th June 2026.

Governor of Maharashtra.

By order and in the name of the

Governor of Maharashtra,

DR. P. ANBALGAN,

Principal Secretary to Government.

ON BEHALF OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATION, PRINTED AND PUBLISHED BY DIRECTOR,

RUPENDRA DINESH MORE, PRINTED AT GOVERNMENT CENTRAL PRESS, 21-A, NETAJI SUBHASH ROAD, CHARNI ROAD,

MUMBAI 400 004 AND PUBLISHED AT DIRECTORATE OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATIONS,

21-A, NETAJI SUBHASH ROAD, CHARNI ROAD, MUMBAI 400 004. EDITOR : DIRECTOR, RUPENDRA DINESH MORE.