Tags: Government Agency.
The City and Industrial Development Corporation of Maharashtra or CIDCO (Marathi: महाराष्ट्र शहर आणि औद्योगिक विकास महामंडळ) is a city planning organization created by the Government of Maharashtra. CIDCO was formed on 17 March 1970 under the Indian Companies Act of 1956. Its purpose at the time of its creation was to develop a satellite town to Mumbai Maharashtra India to ease traffic congestion in the city and provide open spaces playing fields housing and industrial sites outside the city.