Mumbai, March 29: In a significant move to enhance the “Ease of Doing Business,” Maharashtra Chief Minister Devendra Fadnavis announced crucial reforms in the state’s industrial licensing process on Saturday.
Out of the 33 mandatory approvals previously required, 20 will now transition to a self-certification model. The Chief Minister assured that efforts are ongoing to reduce the remaining 13 approvals in the near future.
Fadnavis also stated that electricity rates in the state will systematically decrease over the next five years. These announcements were made during a seminar focused on establishing a bulk drug park and a life sciences hub.
To bolster investor confidence, Fadnavis dismissed rising cost estimates, asserting that while electricity rates were expected to rise to ₹15.87 per unit, government intervention will reduce the current rate from ₹10.88 to ₹9.97 per unit. He claimed that by 2028-29, Maharashtra would become the state with the lowest electricity rates in the country.
To ensure a conducive environment for industries, the Maitri portal has been granted comprehensive legal authority for single-window approvals, transparency, and accountability. The Chief Minister emphasized that all approvals will now be available in one location, with real-time monitoring of each application. Strict action will be taken against agencies that fail to provide services within the stipulated timeframe.
He reiterated the government’s commitment to supporting micro, small, and medium enterprises, stating that incentives will not be limited to large-scale industries but will also extend to their suppliers and vendors.
The goal is to create a world-class, affordable, and competitive industrial ecosystem through public-private partnerships. Fadnavis reaffirmed the government’s firm stance on industrial development, expressing confidence that these initiatives will position Maharashtra as a strong competitor globally and set a benchmark for the rest of India.
My name is Himanshu Tiwari. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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