Wagle Estate

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

[citation needed] After the formation of Maharashtra state, the government of Maharashtra constituted a "Board of Industrial Development" (BID) on 1 October 1960, under the chairmanship of Shri.

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 1 August 1962.

[1] 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.

The wagle industrial estate once hosted many factories like Caprihans, Bellows, Bush radio, Bradma, Firth India, Bombay beer, Tata Lippert, Surendra Forgings and many which are closed now.