Maharashtra is a leader in industrial development in India. Maharashtra is the most industrialized state in the country is located in the western region of India. With Gross State Domestic Product (GSDP) of INR 24.97 lakh crore (US$387 billion), Maharashtra is the largest economy in India and accounts for 15.01% of the country’s GDP in 2017-18. The State has witnessed unprecedented technological advancements in the industries, thus attracting several innovative enterprises and start-ups in various upcoming technology field including Industry 4.0 and IT/ITes. According to the Department of Industrial Policy and Promotion (DIPP), cumulative FDI inflows in Maharashtra during April 2000 to December 2017 stood at US$ 113.82 billion, amounting to one third of the total FDI inflow in the country.
What is the mission of the Maharashtra Industrial Policy 2019?
• To make Maharashtra first US$1 trillion economy in the country by year 2025.
• To reach manufacturing sector growth rate of 12% to 13% and GSDP share of 25%
• Attract investments worth Rs.10 lakh crore
• Create employment for 40 lakh people
What effect will other state and central government schemes will have on Maharashtra Industrial Policy ?
All the central government and State government schemes relevant to MSMEs shall be linked to this policy.
What will be the duration of Maharashtra Industrial policy?
This policy shall be valid for a period of five years from 1st April, 2019.
What sectors have been identified by state government as thrust sector?
The thrust sectors listed below will be accorded priority in land allotment and incentives.
• Electric Vehicles
• Aerospace and defense manufacturing
• Industry 4.0
• Promotion of Integrated Data Centre Parks (IDCP)
• Textile Machinery Manufacturing
• Biotechnology and Medical and Diagnostic Devices
