MH cleared new industrial policy

By admin February 11, 2013 12:27 pm IST

The Maharashtra Government has unveiled its new industrial policy to attract Rs. 5-lakh crore in investments over the next 5 years and provide 2 million jobs in the state.

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.  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 which 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.