SME Times is powered by   
Search News
Just in:   • Panasonic launches 2-in-1 detachable toughbook  • Duty drawback to factor other taxes: FIEO  • China to restrict oil exports to N.Korea  • Yamaha to invest over Rs 200 crore in Chennai plant  • Govt realises it needs Viagra boost to revive economy: Congress 
Last updated: 27 Sep, 2014  

map-maharashtraTHMB Maharashtra to announce new industrial policy today

Industry.9.4.jpg
   Top Stories
» Relief for exporters: Govt considering ways to speed up refunds
» New drawback rate disappoints garment exporters
» PM dedicates trade facilitation centre for handicrafts to nation
» Govt working towards getting back earlier growth rate: FM
» Private investment and banks' growth two major challenges: FM
SME Times News Bureau | 03 Jan, 2013
Maharashtra will announce its new industrial policy Thursday, which aims to consolidate its numero uno position among industrialised states in the country, a minister said. The state hopes to attract investments worth Rs.5 lakh crore.

Chief Minister Prithviraj Chavan said that after a lot of debate and fruitful discussions, the new industrial policy was finally approved Wednesday.

Industry Minister Narayan Rane, while declining to reveal details, said it would be officially announced here Thursday.

According to official sources, among other things, the state hopes to attract domestic and foreign investments of a staggering Rs.5 lakh crore over the next few years.

Besides creating new industrial zones in different parts of the state, it would also help generate over two million jobs for people across various sectors and prevent migration.

The development comes in the wake of several major industries either ignoring or moving out of Maharashtra on account of various reasons, including erratic power supply, water shortages and saturation levels preventing further industrialisation in some parts of the state.

Recently, Chavan made the stunning revelation that 85 percent of all investments and industries were based in just five of the 35 districts of the state while other regions were left high and dry.

The districts are Mumbai, Thane, Raigad, Pune and Nagpur, and these could not support further industrialisation, Chavan pointed out.

Nationalist Congress Party chief and union Agriculture Minister Sharad Pawar went a step ahead and sought a ban on any more industries in Pune and its surroundings as there is no water supply to serve further industrialisation.

Both urged that industries and investments must be diverted to other parts of the state, including the backward eastern, northern and Marathwada regions, to enable balanced growth and development and help business and employment all over the state.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.40
63.70
UK Pound
88.60
85.70
Euro
77.95
75.35
Japanese Yen 58.40 56.40
As on 25 Sep, 2017
  Daily Poll
Small traders even below the threshold limit too should register under GST system?
 Yes
 No
 Can't Say
  Commented Stories
» Starting an import export business: Basic guide for beginners(11)
» Export sops: WTO compliance(5)
» GST Council reduces GST rates on 18 handicrafts items(3)
» Committee on Exports formed to monitor issues post GST(2)
» Note ban, GST to affect informal, SME sector: Manmohan Singh(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter