Maharashtra Airport Development Company Limited (MADC)
MADC was constituted in the year 2002 by the Government of Maharashtra (GoM) as
a Special Purpose Company. MADC was jointly formed with equity participation from
City and Industrial Development Corporation Ltd. (CIDCO), Nagpur Improvement Trust
(NIT), Maharashtra Industrial Development Corporation (MIDC), Maharashtra State
Road Development Corporation Ltd. (MSRDC) and Nagpur Municipal Corporation has joined
in equity participation.
MADC has been formed to play a lead role in the planning and implementation of the
Multi-modal International Hub Airport at Nagpur (MIHANTM) project,
keeping in mind the key objectives. The Government of Maharashtra has taken the
initiative of setting up a world class Multi-modal International Hub Airport at
Nagpur. MADC would also take up development of other Airports in Maharashtra not
belonging to the Airports Authority of India (AAI) and Indian Air Force (IAF) which
will provide air connectivity between various important district Head Quarters and
the Capital of the State.