Economic Development of Maharashtra - Industrial Sector

MSICDP stands for Maharashtra State Industrial Cluster Development Programme. It ie being implemented all over the state to develop small, medium and micro enterprises.

General problems  in the industrial sector are-

So, manufacturers have to establish a system that allows for the consistent delivery of new ideas and innovation.  Only this can sustain manufacturing success.

Maharashtra is an industrially advanced state. Industrial sector plays major role in the economic development of Maharashtra. It leads to diversification of markets, generates higher incomes and higher productivity.

Maharashtra has been consistently ranked as the number one investment destination in India. The state has remained in the forefront in terms of FDI inflows in the country. The FDI inflows in Maharashtra since April,2000 till September 2017 was 611760 Crore.

Maharashtra is an industrially advanced state. Industrial sector plays major role in the economic development of Maharashtra.

Following measures have been taken by the Maharashtra Government for Industrial Development: 

Maharashtra Industrial Policy-2019 has been launched to make the State global investment, manufacturing and technology hub. 

Maharashtra has been consistently ranked as the number one investment destination in India. The state has remained in the forefront in terms of FDI inflows in the country. The FDI inflows in Maharashtra since April,2000 till September 2017 was 611760 Crore which is 31 % of the total FDI inflow at all India Level.

MAITRI stands for Maharashtra Industry, Trade and Investment Facilitation Cell. It was introduced to provide online consolidated information about the investment process.

As per Annual Survey of Industries (ASI) 2016-17, the Industrial Sector of Maharashtra is at top position. The share of industry in the Net Value Added (NVA) is about 18%. Maharashtra has also been the first choice of domestic and foreign investors.

Maharashtra Industrial Development Corporation (MIDC) was established in 1962 as the premier industrial infrastructure development agency of GoM. The main objective is to set up industrial areas for planned and systematic industrial development and to function as a special planning authority in development of industrial areas. MIDC has one of the largest industrial land banks amongst all the Industrial development corporations in India.

Maharashtra State accounts for more than 20 per cent of the countrys software export. In order to promote balanced growth of IT Industry in the State, GoM came up with its IT & ITES Policy. Maharashtra Industrial Development Corporation (MIDC), City and Industrial Development Corporation of Maharashtra Limited (CIDCO) and Software Technology Parks of India have developed 37 public IT parks.

Logistics is recognised as an international service today, with the potential to trade globally and earn foreign exchange for the country. At present, this sector faces several challenges in terms of non-availability of adequate space, lack of skilled workforce, in-adequate infrastructure in terms of roads, rail, etc. The policy aims to address these challenges. The main objectives of this policy are :

• Make Maharashtra a part of global supply chain
• Upgrade from traditional warehousing to fully integrated value added logistics services
• Improve efficiency and reduction in logistics cost
• Improve overall logistics infrastructure in the State to ensure last mile connectivity

Maharashtras Logistics Parks Policy 2018 aims to:

• Develop logistics clusters in the State 
• Develop at least 25 integrated multi-modal logistics parks across the State 
• Promote a minimum of 100 logistics parks

Maharashtra State Innovative Start-up Policy 2018 has been formulated with a vision to create an innovation based economy and develop entrepreneurial spirit across the State.