Maharashtra Industrial Development Corporation has signed a concession agreement with Maha Integrated Life Sciences City Limited (MILeS City), a wholly owned subsidiary of Ramky Infrastructure Limited (RIL), to develop a high-tech pharmaceutical park at Dighi Port Industrial Area in Raigad. The project will follow a public-private partnership under a DBFOT model and has an estimated cost of Rs 30 billion (Rs 30 bn). The concession will run for 95 years, including a five-year construction phase, with MILeS City responsible for development and management. The development will occupy approximately 1,000 hectares within the Dighi Port Industrial Area, covering parts of Mangaon and Roha talukas in Raigad district. It will deliver integrated industrial zones, commercial areas, common infrastructure, utilities and internal road networks alongside designated open spaces. The scheme aims to enable companies to access ready-built facilities and shared services. The project is designed to establish a world-class integrated life sciences manufacturing ecosystem that will provide end-to-end infrastructure and shared facilities for pharmaceutical, biotechnology and life sciences companies. It will include advanced utilities to optimise capital investment and operational efficiency as well as innovation-led research and development centres, incubation hubs and technology transfer platforms to support collaboration and capability building. Environmentally responsible infrastructure and compliance measures are planned to support sustainable industrial operations. Revenue is expected from land lease premium and lease rentals, development charges, maintenance charges for common infrastructure and operational charges for utilities and shared facilities. The project is expected to strengthen regional industrial infrastructure, attract investment into the pharmaceutical and life sciences sectors and generate significant direct and indirect employment while stimulating ancillary industries and local businesses. Following the concession agreement the order book of RIL stands at approximately Rs 135 billion (Rs 135 bn). RIL leadership said the agreement represents a significant milestone and is expected to bring employment, infrastructure strengthening, innovation and long-term investment to Maharashtra.