Mumbai, Mar 18: Maharashtra has received investment commitments
worth Rs 43,200 crore through 38 mega projects planned by global majors
in the fields of automobile, Information Technology (IT), electronics,
textiles, aviation and others.
The State has also received Foreign Direct Investments (FDI) approvals involving Rs 52,740 crore (USD 13.52 billion) during the period between August 1991 and May 2005, a state government spokesman said.
The reason behind this achievement lie in the State's proactive policies on both fiscal and non-fiscal end that have helped market the State as a first choice destination for investors.
Maharashtra is among the few States of the country that have put down red carpet for industries across sectors.
It has resulted in State achieving an average growth of 7.1 per cent in the last one decade. The State has evolved a policy of offering customized packages for promoting investment from both domestic as well as foreign investors. Several policies have been introduced in the State for the very purpose, some of which include Biotech Policy, Grape Processing Policy, SEZ Policy, IT and IT-enabled services policy. Apart from it, the State government has also announced the Industrial, Investment and Infrastructure Policy (IIIP), he said.
Consequently, the State government has already attracted investments worth Rs 21,000 crore by the end of last year. Some of the companies with which the State Government has already reached MoUs include MNCs like Volkswagen, Boeing, General Motors and big domestic firms like Mahindra&Mahindra, LG Electronics, TCS, Ispat, Lloyds among others.
On account of all these investor-friendly policies as adoprted by the State government, the per capita income of Maharashtra State has more than doubled since 1991 and 60 per cent higher, or more than 1.5 times the India's average per capita income. In fact, Maharashtra leads in investments with 12,550 new projects involving an investment to the tune of Rs 2 lakh, 77, 000, 222 crore (66 billion USD) with an employment of 20.6 lakh as on July 2005, he added.
UNI
The State has also received Foreign Direct Investments (FDI) approvals involving Rs 52,740 crore (USD 13.52 billion) during the period between August 1991 and May 2005, a state government spokesman said.
The reason behind this achievement lie in the State's proactive policies on both fiscal and non-fiscal end that have helped market the State as a first choice destination for investors.
Maharashtra is among the few States of the country that have put down red carpet for industries across sectors.
It has resulted in State achieving an average growth of 7.1 per cent in the last one decade. The State has evolved a policy of offering customized packages for promoting investment from both domestic as well as foreign investors. Several policies have been introduced in the State for the very purpose, some of which include Biotech Policy, Grape Processing Policy, SEZ Policy, IT and IT-enabled services policy. Apart from it, the State government has also announced the Industrial, Investment and Infrastructure Policy (IIIP), he said.
Consequently, the State government has already attracted investments worth Rs 21,000 crore by the end of last year. Some of the companies with which the State Government has already reached MoUs include MNCs like Volkswagen, Boeing, General Motors and big domestic firms like Mahindra&Mahindra, LG Electronics, TCS, Ispat, Lloyds among others.
On account of all these investor-friendly policies as adoprted by the State government, the per capita income of Maharashtra State has more than doubled since 1991 and 60 per cent higher, or more than 1.5 times the India's average per capita income. In fact, Maharashtra leads in investments with 12,550 new projects involving an investment to the tune of Rs 2 lakh, 77, 000, 222 crore (66 billion USD) with an employment of 20.6 lakh as on July 2005, he added.
UNI
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