Government Policies & Incentives

Government Policies & Incentives

To set up a right business climate in the state, government of Maharashtra has made several policy announcements. This policy aims to influence the investors to invest in various sectors of the state, thereby contributing to the economy of Maharashtra.

Ease of Doing Business –

The state of Maharashtra has established a dedicated investor facilitation cell and online single window portal under the “Maharashtra Industry, Trade & Investment Facilitation Cell (MAITRI)”.

The Single Window Portal has provision for single application, payment tracking and monitoring of industry related approvals across various departments of the state government.

According to the report of “Asian Competitiveness Institute of Lee Kuan Yew School of Public Policy of Singapore 2016”, Maharashtra ranks first in India for ease of doing business.

With these policies, the state is able to maintain its leading position in the industrial investment. All these efforts of the state government resulted in the receipt of industrial investments over $8 Trillion in last five years.

Vision -

“Maharashtra- a global investment, manufacturing and technology hub, promoting sustainable development”

Mission -

The government of Maharashtra aims to be the first $1 trillion economy in the country by increasing manufacturing ecosystem, with the ease of doing business initiative, thereby developing the state as a preferred destination for global manufacturers and investors.

Target -

The state of Maharashtra aims to –

  • Attain a growth rate of 12% to 13% in manufacturing sector and reach the GSDP share of 25% by 2023-24.
  • Attract investments worth $10 Trillion by 2023-24
  • Create employment opportunities for 40 lakh people by 2023-24