Maharashtra Government has announced MIP on 1st April 2013 and shall be operative till 31st March 2018.
a) Manufacturing Sector Growth 12-13%
b) Share of Manufacturing 28% in GDP
c) Attract investment of Rs. 5,00,000 Crores
d) Add new 5 million Jobs.
Features of New Policy:
Fiscal Incentives to operationalise the notified SEZs
a) Timely refund of VAT to SEZ Units
b) Exemtion from Payment of Royalty in excavation of minor minerals in SEZ
c) Exemption of Payment of Non Agriculture Tax
d) Exemption from Stamp Duty on Land Acquisition
e) Single Interface for payment of multiple taxes
f) Land under denotified/withdrawn SEZ are eligibel for development as Integrated Industrial Area (IIA).
Ambitious Delhi-Mumbai Industrial Corridor (DMIC) to be developmed including:
a) Mega Industrial Parks at Sinnar-Nashik, Dhule and Shendre-Bidkin, Aurangabad
b) Dighi Industrial Park, Raigad
c) Multi-Modal Logistic Park at Talegaon-Pune
d) 1000MW Gas based power plant at Vile Bhagad, Raigad, and Indapur Pune
e) Exibition cum Convention Center at Shendra, Aurangabad
f) Create Secondary Growth Corridors along National and State Highways to bring industrially underdeveloped areas namely Vidarbha, Marathwada and Konkan Closer to Growth Centers.
Maharashtra state has established Industrial Cell for Investment Promotion, facilitation and Support. Generation and dissemination of Invesment, FDI cell, Economy and Data Cell, Project Consultancy Services, Investor After care Cell.