CIDCO Abbreviation

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Popular abbreviations of CIDCO:

Searching for CIDCO abbreviation / CIDCO full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does CIDCO mean?

The CIDCO or City and Industrial Development Corporation of the state of Maharashtra is a City planning agency in India and the most prosperous Indian government authority created and managed by the authority of Maharashtra.

CIDCO was created on March 17th in 1970, under the Companies Act of 1956 in India. The vision at the time of forming was to develop a satellite town in the capital of Maharashtra, which is in Mumbai and now it is functioning as a SPA or special planning authority and NTDA or New Town Development Authority of the Government of Maharashtra.

To create a new town by developing and planning an entire urban framework that will execute large-scale development projects and offer Municipal services. These vast projects include Navi Mumbai Metro and Navi Mumbai International Airport.

Function and role of CIDCO

• This authority has to create a framework of industrial improvement. Which can offer work opportunities and employment to the people in the area
• The authority is also bound to provide the standard urban living with a good atmosphere that has no communal or social tension
• CIDCO is also in charge of offering social and physical facilities for the people living in Navi Mumbai. Providing them with a good quality of Living and also reducing the imbalance in the entities accessible to numerous parts of the society
• It was decided to the obstructions which is a significant load on the physical infrastructure of Mumbai and will have a grasp on the growing need and demand in Navi Mumbai by offering alternatives
• The responsibility of providing to the expanding population of the main Mumbai area and inviting them to live in Navi Mumbai by creating suitable infrastructure and Housing options

Conclusion:

The plan is to create Navi Mumbai as an urban town to clear out the congestion in this Indian financial City Mumbai full stop because it is already overloaded because of migration. To develop a new public sector, CIDCO took responsibility.