MIDC and Ramky Infrastructure Sign Agreement for ₹3,000 Crore High-Tech Pharma Park in Maharashtra

In a landmark move for India’s pharmaceutical sector, the Maharashtra Industrial Development Corporation (MIDC) has signed a concession agreement with Maha Integrated Life Sciences City Limited (MILeS City), a subsidiary of Ramky Infrastructure Limited (RIL), to develop a High-Tech Pharmaceutical Park in Raigad district. The project, valued at approximately ₹3,000 crore, will be situated within the Dighi Port Industrial Area.

The ambitious project will be executed under a Public-Private Partnership (PPP) framework using the Design, Build, Finance, Operate, and Transfer (DBFOT) model. The agreement grants a 95-year concession period, which includes a five-year construction phase. This addition bolsters Ramky Infrastructure’s total order book to an impressive ₹13,500 crore.

Large-Scale Integrated Development
Spanning approximately 1,000 hectares across the Mangaon and Roha talukas, the High-Tech Pharmaceutical Park is envisioned as a comprehensive industrial ecosystem. It will feature:

• Dedicated industrial and commercial zones.
• Advanced common infrastructure and internal road networks.
• Innovation-led R&D centers, incubation hubs, and technology transfer platforms.
• Environmentally responsible utilities supporting high standards of regulatory compliance.

Under the terms of the agreement, MILeS City will manage the development, operation, and maintenance of the park for nearly a century. The revenue model is structured around land lease premiums, development charges, and operational fees for shared facilities and utilities.

Economic Impact and Vision
The project aims to provide a world-class manufacturing environment for biotechnology and life sciences companies, allowing them to optimize capital investment through shared infrastructure. Mr. Sunil S Nair, CEO of Ramky Infrastructure Limited, noted that the agreement is a significant milestone that will attract long-term investment into Maharashtra and generate substantial direct and indirect employment opportunities.

The development is expected to stimulate the local economy by fostering the growth of ancillary industries and strengthening the regional infrastructure around the Dighi Port area.