Maharashtra

MAHARASHTRA

state

Incentives & Schemes 

For industrial promotion & state economic growth 

The government of different states is offering schemes for supporting businesses and creating opportunities to promote the state’s economy.

Maharashtra

Maharashtra, a hub of innovation, creativity, and excellence is the second most industrialized state contributing 20% of the national industrial output.

Maharashtra’s government policies provide significant opportunities for MNCs and foreign investors. Thus, to promote these sectors the government provides various subsidies to attract new entrepreneurship and create employment opportunities.

 

The Maharashtra Industrial Policy provides incentives to MSMEs which are mentioned below:

  • Industrial Promotion Subsidy (IPS):
  • Interest Subsidy:
  • Exemption from electricity duty
  • Waiver of Stamp Duty:
  • Technology Upgradation Incentive
  • Quality Certification Incentive
  • Patent Registration
  • Green Initiatives
  • Credit Rating of MSMEs
  • Listing on SME Stock Exchange

Promotion of Thrust Sector

The government has identified certain thrust sectors intending to steer industrial development and generate employment.

 

The thrust sectors are-

  • Electric Vehicles (Manufacturing, Infrastructure and Servicing)
  • Aerospace and Defence Manufacturing
  • Industry 4.0 (Artificial Intelligence, 3D Printing, Internet of Things and Robotics, Nanotechnology, among others)
  • Integrated Data Centre Parks (IDCP)
  • Textile Machinery Manufacturing
  • Biotechnology and Medical and Diagnostic Devices
  • Agro & Food Processing (Secondary and Tertiary Food Processing units)
  • Information Technology (IT) & IT Enabled Services (ITeS)
  • Electronic Systems Design & Manufacturing (ESDM) and Semiconductor Fabrication (FAB)
  • Logistics & Warehousing
  • Green Energy/ Biofuel Production
  • Sports and Gym Equipment Manufacturing
  • Nuclear Power plant equipment manufacturing
  • Mineral / Forest-based Industries

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