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
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