Stating that the process for setting up of industrial estates in Panchawadi and Shiroda has been started, Industries Minister Mahadev Naik on Saturday said the Government was thinking of encouraging pharmaceutical companies in Shiroda.

The Minister, who happens to be the local MLA, was speaking as the chief guest at the inaugural function of the Golden Jubilee Year Celebrations of Adarsh Vidyaprassarak Mandal which runs Smt. Kamlabai Hede High School.

He said the work for demarcation of plot for the proposed Industrial Estate at Panchwadi has commenced. The Minister earlier felicitated two retired teachers — Ramdas Samant and Shivaji Sawkar— who are the founder members of the educational institution.