Maharashtra clears new industrial policy

January 4, 2013 6:40 am

With an aim to attract Rs 5 lakh crore in investments over the next five years and provide jobs to two million people in the State, the Maharashtra government unveiled its new industrial policy on Thursday.
Stressing on the manufacturing sector, the policy has set a goal of achieving 12-13 per cent growth rate a year and a 28 per cent share in the State’s GDP. It further wants to accelerate industrial development in the underdeveloped regions in Maharashtra.
 
The state government has proposed integrated industrial areas (IIA) to ensure all-round industrial development and boost the “walk to work” concept. According to the new policy, the companies who have acquired land for SEZs directly from the central government, may get it de-notified and then apply to the state government for the IIAs.
 

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