Industrial development in Maharashtra
Maharashtra is that the second largest State in India in terms of population and third largest as per geographical region (3.08 lakh sq.km) of the country. The state has actual population of 112,373,972 (as per 2011 Census (Provisional) that is 9.29 % share of total population of India. it’s delimited by Arabian Sea within the West, Gujarat within the North West and Madhya Pradesh within the North, Andhra Pradesh within the South-East and Karnataka and Goa in the South. The Konkan Coastal stretches around 720 kms long within the West and also the Sahyadri ranges paralleled to the ocean coast at concerning 80 Kms wide within the East. To the coast of the Sahyadri stretches a huge plateau. This plateau is drained by the 3 great rivers Godavari, Bhima and Krishna, that rise within the Sahyadri and flow eastward across Indian land into the Bay of Bengal. The State has 35 districts that area unit divided into six revenue divisions viz. Konkan, Pune, Nashik, Aurangabad, Amravati and Nagpur for body functions. The State incorporates a long tradition of getting statutory bodies for coming up with at the district. For native self-governance in rural areas, there are 33 Zilla Parishads, 351 punchayet Samitis and 27,906 Gram Panchayats.
The urban areas are ruled through 26 Municipal companies, 219 Municipal Councils, seven Nagar Panchayats and 7 cantonment Boards. Mumbai is the capital of Maharashtra and also the monetary capital of India, homes the headquarters of most of the most important corporates & monetary establishments. India’s main stock exchanges & capital market and commodity exchanges are located in Mumbai. Maharashtra has been in the forefront in sustaining industrial growth and in creating environment conductive to industrial development. Investment – friendly industrial policies along with excellent infrastructure and a strong and productive human resource base have made it a favoured destination for manufacturing and exporting sectors.
However, the year 2008 – 09 witnessed a heavy turmoil in the global economy, which had an impact on the Indian as well as State economy. The estimated Gross State Domestic Product (GSDP), at constant (204-05) prices is expected at Rs. 843565 crore with growth at 7.1% over 2011-12 to grow at 07.1 per cent during the year 2010 and 2011 as against 8.7 per cent during the previous year. Secondary sector is anticipated to grow by 9.1 percent and Services sector is expected to grow by 10.9 percent during the year.
The State continued to draw in highest industrial proposals ensuing into most generation of employment compared to alternative States as a result of accessibility of higher infrastructure, consummate human resources and stable social conditions. The State’s share in projected investment and employment within the country is 10 and 15 % respectively. Total 20,484 industrial projects, together with FDI projects with an investment of Rs. 9,20,121 crore are approved for fitting new industries within the State during August, 1991 to August, 2010. During August, 2010 with an investment of Rs.1,95,407 crore, 8,322 projects were assigned. Total 796 industrial project together with FDI comes with an investment of Rs. 1,51,209 large integer and projected employment of 2,25,710 were approved throughout September, 2009 to August, 2010. Throughout identical period, 36 projects with an investment of Rs. 8,673 crore and employment of 9,458 were commissioned. the economic policy reforms have reduced the economic licensing necessities, removed restrictions on investments & expansions and expedited quick access to foreign technology also as foreign direct investments.
Since August, 1991 to August, 2010 total 16,140 industrial projects with an investment of Rs.6,95,516 crore generating 30.24 lakh employment are approved by the govt. of India for fixing industries/mega projects within the State. Maharashtra has remained one among the favoured destinations for industrial investment within the country maintaining standing of the foremost industrialised State and has with success attracted an outsized share of business investments within the post liberalization era, from each domestic as well as foreign entity.
The State has adopted the Special Economic Zone Policy (SEZ) with result from 10th February. 2006. The SEZs notified as duty free enclaves, have a relaxed and business friendly policy regime, geared toward promoting speedy industrial development and employment generation. it’s expected that this can trigger flow of enormous foreign and domestic investments in infrastructure for SEZs and productive capacities which can result in generation of extra economic activities and employment opportunities. Upto 31st December 10, 233 SEZ proposals were received within the State, of that 143 SEZ were approved by the Central Government (105 formal and 38 in principle approvals) and 63 of them are notified SEZ.
Micro, small and Medium Enterprises sector occupies a crucial position within the State’s industrial economy and continues to contribute to industrial production, export, creation of employment opportunities, etc. the development Commissioner (MSME), Govt. of India, New Delhi formulates the policy governing the MSME within the country and draw schemes and programmes for development of the MSME sector as per the provisions within the MSMED Act. For the event of MSME, i.e. micro and small Enterprises, the govt. has given importance in its MSME Development Act, 2006, for development of skills entrepreneurs and their staff, management of enterprises, technology up gradation, promoting help, infrastructure facilities, cluster development and delayed payment. Within the year 2012, Govt. of India, Ministry of MSME has declared Public procurance Policy; the careful options are individually given.
A high power co-ordination committee known as Udyog Mitra was established in 1979. The Udyog Mitra, headed by the event Commissioner (Inds.), Government of Maharashtra, Mumbai consists of officers from SICOM, MIDC, MSEB, MSFC, MSSIDC and MCED. Its main function is to liaison on behalf of the entrepreneurs for securing early clearances. Supported the feedback from Industries Associations and entrepreneurs, it advises Government relating to amendment in policy and facilitate higher cognitive process. It offers steering to entrepreneurs in reference to rules and laws. it’s one purpose contact for the entrepreneurs of the area.
Industrial Policy and Package theme of Incentives 2013:-
- Coverage – Eligible Industrial Units in Pvt., Co-op, Public and Joint sector
- Industries in 1st Schedule of IDR Act 1951
- producing enterprises underneath MSMED 2006
- IT & BT producing units
- Cold storages
- Mechanized Food/ Agro process industries
- Dairy farm, Fruit and Vegetable process
- Grain process
- Fish process
- Packed foods
- Non-alcoholic beverages from fruits and; vegetables
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