Maharashtra Industrial Policy 2019

Below are details of Maharashtra Industrial Policy 2019.Maharashtra, the most industrialized state in the country is located in the western region of India. With Gross State Domestic Product (GSDP) of INR 24.97 lakh crore (US$387 billion), Maharashtra is the largest economy in India and accounts for 15.01% of the country’s GDP in 2017-18. The economy of Maharashtra is mainly driven by manufacturing, finance, international trade, mass media, technology, petroleum, fashion, apparel, gems and jewelry, IT & ITeS and tourism. The city of Mumbai houses the headquarters of most of the major corporate and financial institutions, of the country. India’s main stock exchanges (BSE and NSE) and main commodity exchanges are located in the city along with the capital market.

Maharashtra Industrial Policy 2019 Objectives and Strategies

1. Developing dedicated state-of-the-art infrastructure based on sector specific requirements.
2. Providing special fiscal incentive packages to projects of importance including emerging
   technologies.
3. Promoting investments through sector specific promotion/policies with focus on
   identified thrust sectors.
4. Creating government, industry and academia interface.
5. Incentivizing investments in R&D and startups.
6. Facilitating Ease of Doing Business initiatives and strengthening Maharashtra’s Single
   Window System i.e. MAITRI – an online portal, to make it a single point for delivery of
   services
7. Setting up of State level councils for promotion of investments and exports.
8. Supporting revival of sick and closed units.

Promotion of Micro, Small and Medium Enterprises (MSMEs) and Small Industries

MSMEs are the backbone of State’s economy. With more than 3 million MSMEs, Maharashtra has largest number of MSME in the country, which contributes more than 80 per cent of the total employment. MSMEs are best placed to utilize local resources and create local entrepreneurship and employment. About 40% of the exports originate from MSMEs. Considering the vital role of this sector, the State Government intends to strengthen and promote the MSME sector for achieving inclusive industrial growth and promoting employment generation. Under New Maharashtra Industrial Policy 2019, investment limit for incentive purpose for small industrial units will be increased upto INR 50 crore in Fixed Capital Investment (FCI) so that more such units can come under the ambit of small industries.

Promoting Ecosystem for Startups

As a policy, it has been the endeavor of State Government to promote innovative start-ups
by providing necessary infrastructure, and creating facilitating environment involving young entrepreneurs to enable sharing of their ideas and help them by handholding, mentoring and providing them financial assistance then under Maharashtra Industrial Policy 2019.

Sector Specific Policies under Maharashtra Industrial Policy 2019 

1. Fin tech Policy 2018.
2. Maharashtra COIR Policy-2018.
3. Electrical Vehicle and Related Infrastructure Policy 2018.
4. Logistics Parks Policy 2018.
5. Textile Policy 2018.
6. Cloud Computing Policy 2018.
7. Aerospace & Defence Manufacturing Policy 2018.
8. IT/ITeS Policy 2015.
9. Electronics Policy 2016.
10. Retail Trade Policy 2016.
11. Incentive for Development of Integrated Industrial Area 2018.
12. Bharat Ratna Dr. Baba Saheb Ambedkar Special Package of Scheme
13. Incentive for SC/ST Entrepreneurs 2016.
14. Women Entrepreneur Policy
15. Telecom Infrastructure Policy -2018

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