Maharashtra
Maharashtra is the third largest state in India both in area and population. It has a land area of 307,690 sq. km. with a population of 79 million. About 70% of the population depends on agriculture. It has 12,082 MW of power and 100% of the villages are electrified. Although the state accounts for 9.2% of the total population of India, it shares 11% of the industrial units, over 17% of labor, 16% of investment and 23% of the value of industrial output. The Santa Cruz Electronics Export Processing Zone is a free trade zone for cent per cent export. The Per Capita Income is Rs.13,112 and the Inflation Rate is 10.9%.
Maharashtra is considered one of the best places for investment. Mumbai, the capital of Maharashrtra, is also the financial capital of India. The state has an international mindset, is investment friendly and has the highest investments in India. It has a well diversified and highly productive industrial base with a positive work culture. It is globally connected through airports and sea ports from Mumbai. International companies like the Coca Cola, Kellogs, Du Pont, Procter and Gamble, Lever etc. have set up shop in Maharashtra.
Incentives:
75% concession on the cost of preparing feasibility studies
Exemption from stamp duty for small-scale units on mortgages in favor of state FIs and banks
Special capital incentives of up to 30% of fixed capital investment for small-scale units
Capital investment subsidy of 15% for medium-scale units in Vidarbha and Marathwada
Refund of electricity duty for EOUs and EHTP units for periods between 5 and 10 years
Concession on the capital cost of power supply to prestigious units
Sales tax relief of 60% of fixed capital investment for Area B (5 years)
Sales tax relief of 80% of fixed capital investment (7 years) for Area B for pioneer units
Industrial Policy Of Maharashtra 2006
The State has entered into the next phase of economic reforms, with emphasis on structural changes in addition to fiscal incentives for the promotion of industry and balanced regional growth. This has coincided with increasing global competition and rapid technological changes, which pose new challenges for industry. The Industrial, Investment and Infrastructure Policy 2006 therefore aims at ensuring sustainable industrial growth through innovative initiatives for development of key potential sectors and further improving the industrial climate in the State for providing the global competitive edge to the State's industry.
The Policy objectives will be realized through the following strategies
Identification of thrust sectors
Building up of quality infrastructure
Incentivising investments for employment generation in districts low on Human
Development Index
Attracting mega investments both foreign and domestic
Commercial exploitation of local resources and local economic potential.
Strengthening the SME sector through promotion of quality competitiveness, research and development and technology upgradation
