Adverts

Open Access Articles- Top Results for Make in Maharashtra

Make in Maharashtra

</th></tr>
Maharashtra
महाराष्ट्र
State of India
Template:Infobox settlement/columns
Location of Maharashtra (marked in red) in India
Location of Maharashtra (marked in red) in India
Map of Maharashtra
Map of Maharashtra

Coordinates: 18°58′N 72°49′E / 18.96°N 72.82°E / 18.96; 72.82{{#coordinates:18.96|72.82|type:city|||||| | |name=

}}

Make in Maharashtra is an initiative started by Government of Maharashtra on sidelines of Make in India initiative by Government of India.[1]

Main objective of this government initiative is to create business friendly atmosphere in Maharashtra by increasing ease of doing business as much as possible. Main target is to increase the Foreign Direct Investment and Local Investment in the region to further increase the industrialization in Maharashtra.

Schindler's Jürgen Tinggren said during World Economic Forum at Davos in 2015 that "Ease of doing business in Maharashtra is as fast as China."[2]

The Maharashtra government is eyeing Rs 5 lakh crore(US$84bn) industrial investment across the state between 2014-2019 period as part of this initiative that is likely to generate around 2 million jobs.[1]

History

File:India in the New Global Reality Economic Summit 2011.jpg
Prithviraj Chavan,then chief minister of Maharashtra India; Sudha Pilay,then member secretary, planning commission, India; and Ben Verwaayen, chief executive officer, Alcatel-Lucent, France were the co-chairs of the India Economic Summit 2011 in Mumbai

Maharashtra attracted maximum foreign inflows at USD 70.41 billion, about 30 per cent of total foreign direct investment (FDI) inflows in India during April 2000 - November 2014.[3] Maharashtra and the National Capital Region (NCR) have cornered 49 per cent of the total foreign direct investment inflows into the country since April 2000, according to Commerce and Industry Ministry data.[3]

Foreign investments are considered crucial for India, which needs around USD 1 trillion over five years (2012–17) to overhaul its infrastructure sector such as ports, airports and highways to boost growth.[3]

Profile of Maharashtra

File:Top five states by GDP.gif
Top five states in annual GDP growth.

Reforms

File:PM Modi at thes at the concluding session of the National Workshop on Make in India.jpg
Modi and Cabinet ministers at the concluding session of the National Workshop on Make in India in New Delhi, December 2014.

The Maharashtra government created a "e-platform" to monitor the movement of files related to setting up of new industries and investment in the state. Proposed interface will facilitate quick approval of applications for setting up industries in an effective and transparent manner.[9]

Those investing more than Rs.100 crores will have the facility of one window clearance under the 'MAITRI'(Maharashtra Industry, Trade & Investment Facilitation Cell) scheme, a set up of an Empowered Group of Secretaries of various key departments to give all the approvals required for new industries within 30 days.[9][10][11]

MAITRI

see: Maharashtra Industry, Trade and Investment Facilitation Cell(MAITRI) pdf.

¤ Maharashtra Industry, Trade and Investment Facilitation Cell(MAITRI) is administered by the Industries Department & serves as a single point of contact for Government to Business(G2B) services offered across the business cycle for setting up a new industrial unit in the state. It will provide all the critical investment-related information.[12]

¤ MAITRI aims to promote investments, facilitate business partnerships & trade in Maharashtra & would function as a clearing house for all investment related information and assist investors.

¤ MAITRI will cater to industrial projects with an investment of Rs.100 crore and above.[13]

¤ It will provide 31 critical investment related clearances from 15 departments that are needed to set up an industry in Maharashtra.[14]

Response

Make in Maharashtra initiative got overwhelming response by business community.

Maharashtra Chief Minister Devendra Fadnavis successfully clinched many key investment and corporate deals with multinationals in World Economic Forum at Davos in 2015 which are expected to generate more than 20,000 jobs in the state.[15]

°Cognizant, among the leading software companies in the world, has chosen Pune to invest because of the best quality of workforce.[15]

°Microsoft is planning to set up two data centres, one each in Mumbai and Pune.[15]

°Schindler Group will invest in a second phase project at Talegaon, near Pune for manufacturing escalators.[15]

°General Electric will invest around Rs.3000 crore in Maharashtra as part of the ‘Make In India’ programme of the centre.[15]

°Australian paper manufacturing firm Visy Industries is keen to set up a paper recycling plant for which its officials would visit Mumbai.[15]

°Safran, a French MNC manufacturing aircraft, rocket engine and aerospace components, is planning to enter India, for which the Maharashtra government has offered land in Nagpur, in tune with the existing ecosystem in the region for this sector.[15]

°Toray International is planning to invest in technical fibres and polyester in Amravati-Nagpur region and help for an integrated textile park.[15]

°Volkswagen intends to make India and Maharashtra its global hub for manufacturing small segment cars, for which Fadnavis inaugurated its diesel engine manufacturing plant in Chakan, near Pune.[15]

° In a big boost to manufacturing in Maharashtra, Mars International India, a wholly owned subsidiary of leading global chocolate maker Mars,_Incorporated, is investing Rs 1,005 crore in a greenfield project to make chocolates at Khedcity, near Pune.[16] [17]

°Other major companies planning to set up operations in the state include Hilti Group, Diageo, Khimji Group, Credit Suisse, Nomura, JP Morgan, Nestle, Mitsui and Japan External Trade Organization(Jetro).[15]

°During his visit to Davos, Mr. Fadnavis held discussions with other important companies like Pepsico, Hyosung, L’Oreal, Novartis, Deutsche Bank.[15]

Demand for Inclusive Development

Main article: Marathwada

Though Maharashtra is most industrialized state in India still there is vast regional imbalance within Maharashtra. Most of industrial growth has been accumulated in Western Maharashtra and new investment projects are going to Vidarbha Region, so there is constant ignorance towards Marathwada Region.[18]

According to data of Marathwada Statutory Development Board, Marathwada has only 2% of total Foreign Direct Investment in Maharashtra, that too accumulated around Aurangabad.[19]

There has been constant demand by civil society of Marathwada to create new industrial corridor named Nanded Aurangabad Industrial Corridor which will connect to Delhi Mumbai Industrial Corridor. This new corridor will cover entire Marathwada and can act as driving force for entire Marathwada. Make In Maharashtra initiative can have enormous chances in Marathwada.

Gallery

See also

References

  1. ^ a b The author has posted comments on this article. "'Make-in-Maharashtra mission to generate 20 lakh jobs' - The Times of India". Timesofindia.indiatimes.com. Retrieved 2015-05-29. 
  2. ^ "Devendra Fadnavis on Twitter: "Schindler's Mr Jürgen Tinggren agrees to invest in Maharashtra.Appreciates Ease in doing business as fast as in China http://t.co/0cxhtY5bIe"". Twitter.com. 2015-01-21. Retrieved 2015-05-29. 
  3. ^ a b c PTI Feb 8, 2015, 11.33AM IST (2015-02-08). "Maharashtra, NCR attract 49 per cent of total FDI in India - timesofindia-economictimes". Economictimes.indiatimes.com. Retrieved 2015-05-29. 
  4. ^ "States of India with the highest GDP". States-of-india.findthebest.in. Retrieved 2015-05-29. 
  5. ^ "India's top 20 states by GDP - Rediff.com Business". Rediff.com. 2011-07-22. Retrieved 2015-05-29. 
  6. ^ "Population of Maharashtra 2014- Maharashtra Population- Current Population in Maharashtra India". Indiaonlinepages.com. Retrieved 2015-05-29. 
  7. ^ "Bombay Stock Exchange ranks among world's top ten stock exchanges - Business Today". Businesstoday.intoday.in. Retrieved 2015-05-29. 
  8. ^ "10 states that make India rich - Rediff.com Business". Rediff.com. 2014-06-24. Retrieved 2015-05-29. 
  9. ^ a b "Maharashtra to Create 'E-Platform' to Speed Up Clearance for Industry | NDTV Gadgets". Gadgets.ndtv.com. 2014-11-19. Retrieved 2015-05-29. 
  10. ^ "Approvals to new industries in Maharashtra in 30 days | Business Standard News". Business-standard.com. 2014-11-17. Retrieved 2015-05-29. 
  11. ^ http://idco.in/Events/pdf/2_MAITRI.pdf
  12. ^ http://idco.in/Events/pdf/2_MAITRI.pdf
  13. ^ "Fadnavis seeks industry's help for success of 'Make in Maharashtra' | Business Standard News". Business-standard.com. 2014-11-18. Retrieved 2015-05-29. 
  14. ^ http://idco.in/Events/pdf/2_MAITRI.pdf
  15. ^ a b c d e f g h i j k IANS (2015-01-28). "Fadnavis clinches business deals, investments in Davos". The Hindu. Retrieved 2015-05-29. 
  16. ^ The author has posted comments on this article. "Mars plans Rs 1,000 crore plant in Pune - The Times of India". Timesofindia.indiatimes.com. Retrieved 2015-05-29. 
  17. ^ "Industrial Lands in Pune, Maharashtra, India | SEZ in Maharashtra". Khedcity.com. 2014-06-20. Retrieved 2015-05-29. 
  18. ^ "Marathwobada Statutory Development Board". Msdb.gov.in. Retrieved 2015-05-29. 
  19. ^ "Marathwobada Statutory Development Board". Msdb.gov.in. Retrieved 2015-05-29.