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Publish Date : 11-Mar-2015

During the legislature's joint session, opening he Budget session on Monday, Governor C Vidyasagar Rao has announced that the government of Maharashtra has proposed several measures to attract investments. He said the government has initiated the Make in Maharashtra initiative, to boost the state's production.

The proposed steps to attract investment include decreasing the time taken to receive approval through electronic clearance, new procurement policy, e-tendering policy and a cutting-edge intelligence facilitation centre. The government has also introduced new IT policy to provide incentive to the industry.

On the Delhi-Mumbai Industrial Corridor (DMIC) project, which received allocation in the Central government's annual Budget, Rao said the state has inked a support pact and state-holder agreement with the DMIC Trust. Aurangabad Industrial Township, a special purpose vehicle, has been formed to execute the first DMIC node at in the city.

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