Wagle Estate

Wagle Estate is the industrial area of Thane city established in 1962.

History

After the formation of Maharashtra state, the government of Maharashtra constituted a "Board of Industrial Development" (BID) on October 1, 1960, under the chairmanship of Shri. S. G. Barve. The committees recommendations received in the industries department were taken up for implementation. As per the Borkar Committee's recommendations, development of Ulhas Valley Water Supply was entrusted to the Board of Industrial Development (BID). The BID framed the legislation; it was introduced before the state legislation and passed in the form of "Maharashtra Industrial Act" which gave birth to Maharashtra Industrial Development Corporation (MIDC), as a separate corporation on August 1, 1962. A small ceremony at Wagle Estate, Thane, under the chairmanship of the Chief Minister Shri Yashwantrao Chavan, marked the birthday of MIDC on 1 August 1962.

Industry

The industrial area houses many industries, including engineering, electrical, textile, pharma, rubber and electronics companies and more recently IT. Notable companies having factories here are Hawkins, Emerson, Forbes Bradma, Emco, Rubber products, Jost, Meyer, Pharmalab. Recent entrants include BPOs and computer software. The BPOs and software industries are attracted by excellent infrastructure, proximity to Mumbai city, and readily available skilled manpower.