MIDC Inks Major Deal with Ramky's MILeS City for High-Tech Pharma Park in Maharashtra
In a significant move to bolster industrial infrastructure, the Maharashtra Industrial Development Corporation (MIDC) has signed a concession agreement with Maha Integrated Life Sciences City Limited (MILeS City), a wholly owned subsidiary of Ramky Infrastructure Limited (RIL), for the development of a high-tech pharmaceutical park in Raigad district, Maharashtra. The project, valued at approximately INR 3,000 crore, is set to be implemented on a Public-Private Partnership (PPP) basis under the Design, Build, Finance, Operate and Transfer (DBFOT) model.
Project Details and Scope
The agreement, executed on March 21, 2026, involves a concession period of 95 years, including a five-year construction phase. Ramky Infrastructure expects this project to contribute to its order book, which now totals around INR 13,500 crore. The high-tech pharmaceutical park will be developed across approximately 1,000 hectares within the Dighi Port Industrial Area, covering parts of Mangaon and Roha talukas in Raigad.
Key features of the development include:
- Integrated industrial zones and commercial areas
- Common infrastructure and advanced utilities
- Internal road networks and designated open spaces
- Innovation-led research and development centres
- Incubation hubs and technology transfer platforms
- Environmentally responsible infrastructure supporting sustainable operations
Economic and Industrial Impact
This project is designed to establish a world-class integrated life sciences manufacturing ecosystem, providing end-to-end infrastructure for pharmaceutical, biotechnology, and life sciences companies. It aims to attract substantial investments, generate significant direct and indirect employment opportunities, and stimulate growth in ancillary industries and local businesses across the region.
Under the terms of the agreement, MILeS City will be responsible for the development, operation, maintenance, and management of the project throughout the concession period. The revenue model will encompass land lease premiums, development charges, maintenance fees for common infrastructure, and operational charges for utilities and shared facilities.
Leadership Perspective
Commenting on the development, Mr. Sunil S Nair, CEO of Ramky Infrastructure Limited, stated, "This agreement marks a significant milestone not only for industrial development but for the wider communities and businesses that stand to benefit from it. By creating a large-scale integrated life sciences ecosystem at Dighi Port Industrial Area, we see an opportunity to support employment generation, strengthen regional infrastructure, encourage innovation, and attract long-term investment into Maharashtra."
He added that the project is tailored to enable pharmaceutical and biotechnology companies to thrive within a well-supported and globally competitive manufacturing environment.
About Ramky Infrastructure Limited
Ramky Infrastructure Limited, headquartered in Hyderabad, is the flagship infrastructure development company of the Ramky Group. Established in 1994, the company has a proven track record in delivering projects across industrial infrastructure, water and wastewater treatment, roads, bridges, and urban development. With a team of over 2,000 professionals, it operates both in India and international markets.
The company holds certifications under ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems, and ISO 45001:2018 for Occupational Health and Safety Management Systems, ensuring high standards in its operations.
This initiative underscores Maharashtra's commitment to enhancing its industrial landscape and positioning itself as a hub for life sciences innovation and manufacturing.
