SME Times is powered by   
Search News
Just in:   • Lend up to 50 percent of share value: RBI tells NBFCs  • Sensex ends flat; consumer durables stocks up  • Medical tech sector needs manufacturing push: DIPP  • Nepal, India begin talks to build oil pipeline  • Rajasthan block: Cairn gets green clearance for gas, oil output 
Last updated: 04 Jan, 2013  

map-maharashtraTHMB Maharashtra to announce new industrial policy today

Industry.9.4.jpg
   Top Stories
» 'Fix export credit for SMEs to achieve $750 bn target by 2018-19'
» Centre reduces minimum export price for onion
» States want lower threshold of Rs.10 lakh for levying GST
» US eager to engage Modi govt: Congressional report
» FM to attend 13th Corporate Governance awards
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
60.70
59.70
UK Pound
104.40
102.10
Euro
82.40
80.45
Japanese Yen 60.05 58.55
As on 22 Aug, 2014
  Daily Poll
Jaitley's Budget - 2014 is the best ever for Small and Medium Enterprises
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(35)
» Manufacturing matters(21)
» Modi pushes for exports; States to get individual councils(5)
» PM urges SMEs to made goods with 'Zero Defect & Zero Effect'(3)
» 'Govt. needs to focus on easy access and speedy execution of schemes for SMEs'(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter