India, Feb. 11 -- The Maharashtra government has approved the transfer of 1,000 acres of land to the Maharashtra Industrial Development Corporation (MIDC) for the development of a new industrial area in Indapur taluka of Pune district.

The land, currently owned by the agriculture department, is located near the Walchandnagar industrial area and will be handed over to the industries department. Officials said the proposed area will be in addition to the existing 500-acre industrial land at Indapur, addressing a long-pending demand from industry for expansion space in the region.

The decision was taken at a state cabinet meeting on Tuesday. With major industrial hubs such as Chakan, Ranjangaon, Bhosari, Baramati and Jejuri nearing saturat...