Maharashtra- Investment and Industrial Policies
Aerospace & Defence Manufacturing Policy, 2018
India features amongst the top 10 countries in the world based on its defence spend. In 2014, India spent USD 45.2 billion which was about 2.21% of its GDP. Over the last decade, India’s annual defence expenditure has grown by over 231%. India’s Defence spending is expected to be more than double to reach USD 120 billion over the next decade. Today, nearly 70% of the country’s defence requirement is met through imports.1 The Government of India (GoI) intends to reduce the share of defence im़ ports to 30%; which will be in turn increasing local sourcing and propel domestic manufacturing. One of the first steps in this direction was to increase the FDI limit in the defence sector from 26% to 49%.
Biotechnology Policy, 2001
The State of Maharashtra has always played a leadership role in the national economic and social renaissance. It has looked at advances in science and technology as great opportunities for bringing about economic transformation and social change. One great opportunity in this new century, rightly termed as the 'Century of Knowledge', is the emergence of knowledge-based industries. Information Technology (IT) was just a forerunner among these industries and Maharashtra responded rapidly and became a leading State in IT. Another emerging opportunity on the horizon is Biotechnology.
Electric Vehicle Policy – 2018
Electric Vehicle (EV) technology is considered globally to be the game changer in transportation sector. It offers advantages such as eco-friendliness, cheaper fuel-cost, lower maintenance expenses, energy efficient and increased safety. Global industry, governments and early movers have successfully demonstrated that EV is practical, sustainable, safe and affordable. United Nations (UN) aims to promote EV under its sustainable development agenda for 2030. Government of India (GoI) plans to make India an ‘electric vehicle nation’ by 2030.
e-Governance Policy
1.1 Government of Maharashtra is one of the pioneers in promotion of ICT and e-Governance in India.
1.2 It has been at forefront in implementing e-governance initiatives that focus on citizens' needs and ensure superior service delivery.
1.3 Greater transparency and access to information on public administration processes has been the thrust area of e-governance in the State.
1.4 This policy is a step further towards promoting e-Governance in the State.
Grapes Processing Industry Policy 2001
Maharashtra is a leading state in production of Grapes in the whole country. In regards to agriculture land under grapes cultivation and grapes production, Nashik and Sangli districts are at forefront in the State. Apart from these, grapes are also grown in the districts of Ahmednagar, Pune, Satara, Solapur & Osmanabad. Nowadays, grapes are produced in Latur district of Marathwada also. However, Nashik and Sangli districts are ahead in the production of grapes in a scientific manner. The progressive farmers in these districts have also entered in the grapes exports and grapes processing sector.
Industrial Policy 2019
Maharashtra has been the leader in industrial development in India. With world class infrastructure together with rewarding industrial policies and ease of doing business initiatives, the State is home to several global brands. 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. Maharashtra is an automobile manufacturing hub of the country.
Logistics Parks Policy-2018
Today, logistics is recognized as an international service with the potential to trade globally and earn foreign exchange for the country. Given the dynamic economic situation, globalization and rapid developments in the logistic sector, it has changed into the concept of an industry. Logistics today play a pivotal role in the economic development of the country. In India, radical reforms such as GST implementation will change the distribution models of large conglomerates requiring them to adopt geographic distribution strategies. In the World Bank’s biennial measure of international supply chain efficiency, called Logistics Performance Index, India’s is ranked at 35 in 2016, indicating concerns in the area of country’s logistic infrastructure.
IT/ITES Policy-2015
The Government of Maharashtra announced its 1 IT Policy in 1998. It was followed by the Information Technology and Information Technology Enabled Services (IT/ITES) Policy-2003 and IT/ITES Policy-2009 to generate employment, increase efficiency and to improve the quality of life. The IT/ITES th Policy-2009 came into force from 29 August 2009. Due to the policy initiative, IT sector in the State has grown by leaps & bounds during the last decade. The employment in IT sector across India in FY2004 was 8,30,000 nos. and this has increased to 31,32,000 i.e. an increase of 4 times by FY-2014. According to data of Software Technology Parks of India (STPI), the export by IT sector in Maharashtra was Rs. 5,508 Crores in FY-2003 which has reached to Rs.49,796 Crores in FY-2013, recording an increase of 800 percent.
Policy Regarding Setting up of SEZ
SEZs are specifically delineated duty-free enclaves treated as a foreign territory for the purpose of industrial, service and trade operations, with exemption from customs duties and a more liberal regime in respect of other levies, foreign investment and other transactions. Domestic regulations, restrictions and infrastructure inadequacies are sought to be eliminated in the SEZs for creating a hassle-free environment.
The State of Maharashtra has been in the forefront in attracting foreign direct investment for accelerating the pace of economic growth. The SEZ scheme seeks to create a simple and transparent system and procedures for enhancing productivity and the ease of doing business in Maharashtra.
State Textile Policy 2018-23
Maharashtra State, covering the western and central parts of the country, is blessed with a 720km long coastal line of the Arabian Sea. The Sahyadri range of the Western Ghats forms the natural backbone of the State, with the Satpura range in the north and Bhamragadh- ChiroliGaikhuri ranges in the east forming its natural boundaries. The State is surrounded by Gujarat in the Northwest, Madhya Pradesh in the North, Chhattisgarh in the East, Telangana in the Southeast, Karnataka in the South and Goa in the Southwest.
Startup Policy 2018-2023
Maharashtra has been the hub of commercial, financial and industrial activity in India for decades. It is the second-largest Indian state by population and third-largest by area. Maharashtra is home to two out of three Indian cities in the top 100 global clusters of inventive activity1 . Mumbai, the capital of Maharashtra and the financial capital of India, is home to major corporate houses and financial institutions, while Pune is a major centre for education and research.
