+
Maharashtra: Permission for industrial units in 48 hrs
ECONOMY & POLICY

Maharashtra: Permission for industrial units in 48 hrs

Facing economic crisis due to the pandemic and ensuing lockdown, Maharashtra is all set to roll out the red carpet to attract investment. The state has planned to provide ‘Maha Parwana’, a master permission for new industrial units, within 48 hours of application, so that they won’t need any other permission and can start construction on the site immediately.

The draft of the policy is likely to be cleared by the state cabinet in a week, officials said. “In a week, we will be able to start ‘Maha Parwana’ for new investors. It is a master permission that will be provided within 48 hours of the application. Every company can start construction work immediately after obtaining ‘Maha Parwana’. The master permission guarantees that all statutory permissions required to start operations will be delivered within a prescribed schedule (from three to 30 days), otherwise it will be considered a deemed approval,” said a senior official, requesting anonymity.

An investor requires at least 22 permissions to start operations in the state.

The Maharashtra Industrial Development Corporation (MIDC) is also looking at changing its land lease policy to offer land to investors on rent to bring down their capital investments. Only companies that require environmental clearance won’t be able to start the construction activities, he clarified.

This decision comes as on the heels of the Magnetic Maharashtra 2.0, the global investors’ summit hosted by the state and inaugurated by chief minister Uddhav Thackeray on Monday.

Besides, the industries department will be appointing a relationship manager on the lines of private banks to interact with investors on a regular basis. “This will help reduce the communication gap between both the sides and all their issues can be resolved in no time,” said another official.

Senior IAS officer Bhushan Gagrani, who is appointed as a state coordination officer to attract new investment in Maharashtra, said they have started communicating with global CEOs, MDs and directors and so far have communicated with 400 global companies. “Overall, the global sentiment is not very encouraging due to obvious reasons, so they may take some time to respond, but as a state we have indicated that let’s get back to business,” Gagrani said. “Currently, the land lease model is only for 95 years. But the problem is many companies are not keen on upfront capital investment due to changing global conditions. So MIDC is preparing to give them land on a rental basis, as per their requirement. They are preparing packages, which will bring down the capital investment,” Gagrani said.

While unveiling its road map for Magnetic Maharashtra 2.0, Thackeray said his government will ensure industries won’t face any difficulty. The state also inked 12 memoranda of understanding (MoUs) worth Rs 16,300 crore during the event.

The ongoing financial crisis has led the state government to declare a 67% cut in its spending for developmental works this fiscal year, in view of the estimated revenue losses of more than Rs 40,000 crore in March and April owing to the Covid-19 outbreak.

The news has been originally shared by www.hindustantimes.com, titled ‘With new permit, industrial units can start within 48 hours in Maharashtra’, on June 17, 2020. We have referred to the original article by the publisher with modified Title to suit our industry audience. To access the original article, click on the following: https://www.hindustantimes.com/cities/with-new-permit-industrial-units-can-start-within-48-hours-in-maharashtra/story-fV66mVEkYEnsnyem1F7N1K.html 

Facing economic crisis due to the pandemic and ensuing lockdown, Maharashtra is all set to roll out the red carpet to attract investment. The state has planned to provide ‘Maha Parwana’, a master permission for new industrial units, within 48 hours of application, so that they won’t need any other permission and can start construction on the site immediately.The draft of the policy is likely to be cleared by the state cabinet in a week, officials said. “In a week, we will be able to start ‘Maha Parwana’ for new investors. It is a master permission that will be provided within 48 hours of the application. Every company can start construction work immediately after obtaining ‘Maha Parwana’. The master permission guarantees that all statutory permissions required to start operations will be delivered within a prescribed schedule (from three to 30 days), otherwise it will be considered a deemed approval,” said a senior official, requesting anonymity.An investor requires at least 22 permissions to start operations in the state.The Maharashtra Industrial Development Corporation (MIDC) is also looking at changing its land lease policy to offer land to investors on rent to bring down their capital investments. Only companies that require environmental clearance won’t be able to start the construction activities, he clarified.This decision comes as on the heels of the Magnetic Maharashtra 2.0, the global investors’ summit hosted by the state and inaugurated by chief minister Uddhav Thackeray on Monday.Besides, the industries department will be appointing a relationship manager on the lines of private banks to interact with investors on a regular basis. “This will help reduce the communication gap between both the sides and all their issues can be resolved in no time,” said another official.Senior IAS officer Bhushan Gagrani, who is appointed as a state coordination officer to attract new investment in Maharashtra, said they have started communicating with global CEOs, MDs and directors and so far have communicated with 400 global companies. “Overall, the global sentiment is not very encouraging due to obvious reasons, so they may take some time to respond, but as a state we have indicated that let’s get back to business,” Gagrani said. “Currently, the land lease model is only for 95 years. But the problem is many companies are not keen on upfront capital investment due to changing global conditions. So MIDC is preparing to give them land on a rental basis, as per their requirement. They are preparing packages, which will bring down the capital investment,” Gagrani said.While unveiling its road map for Magnetic Maharashtra 2.0, Thackeray said his government will ensure industries won’t face any difficulty. The state also inked 12 memoranda of understanding (MoUs) worth Rs 16,300 crore during the event.The ongoing financial crisis has led the state government to declare a 67% cut in its spending for developmental works this fiscal year, in view of the estimated revenue losses of more than Rs 40,000 crore in March and April owing to the Covid-19 outbreak.The news has been originally shared by www.hindustantimes.com, titled ‘With new permit, industrial units can start within 48 hours in Maharashtra’, on June 17, 2020. We have referred to the original article by the publisher with modified Title to suit our industry audience. To access the original article, click on the following: https://www.hindustantimes.com/cities/with-new-permit-industrial-units-can-start-within-48-hours-in-maharashtra/story-fV66mVEkYEnsnyem1F7N1K.html 

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?