Export & Import - Exim Policy- Industrial Policy - States- Maharashtra, India Finance & Investment Guide

Maharashtra is the third largest state in India both in area and population. About 70% of the population depends on agriculture. It has 12,082 MW of power and 100% of the villages are electrified. Althought the state accounts for 9.2% of the total population of India, it shares 11% of the industrial units, over 17% of labor, 16% of investment and 23% of the value of industrial output. The Santa Cruz Electronics Export Processing Zone is a free trade zone for cent per cent export.

Land area: 307,690 sq. km.
Population: 79 million
Capital: Mumbai
Per Capita Income: Rs 13,112
Inflation Rate: 10.9%

Maharashtra is considers one of the best places for investment. Mumbai, the capital of Maharashrtra, is also the financial capital of India. The state has an international mindset, is investment friendly and has the highest investments in India. It has a well diversified and highly productive industrial base with a positive work culture. It is globally connected through airports and sea ports from Mumbai. International companies like the Coca Cola, Kellogs, Du Pont, Procter and Gamble, Lever etc. have set up shop in Maharashtra.

Incentives:

75% concession on the cost of preparing feasibility studies
Exemption from stamp duty for small-scale units on mortgages in favor of state FIs and banks
Special capital incentives of up to 30% of fixed capital investment for small-scale units
Capital investment subsidy of 15% for medium-scale units in Vidarbha and Marathwada
Refund of electricity duty for EOUs and EHTP units for periods between 5 and 10 years
Concession on the capital cost of power supply to prestigious units
Sales tax relief of 60% of fixed capital investment for Area B (5 years)
Sales tax relief of 80% of fixed capital investment (7 years) for Area B for pioneer units