Schedule a Call Back
Maharashtra approves export incentive policy to drive investment, achieve export targets
Industry News- Nov 14,23
The policy's goals include doubling the state's current export value from $72 billion to $150 billion and initiating 30 export infrastructure projects over the next five years.
Maharashtra cabinet approved the state's inaugural export incentive policy, aiming to attract investments totaling Rs 25,000 crores. Maharashtra aims to secure a 22% share of India's ambitious $1 trillion export target by 2030.
The policy's goals include doubling the state's current export value from $72 billion to $150 billion and initiating 30 export infrastructure projects over the next five years. Effective until 2027-28, the policy is anticipated to benefit 5,000 MSMEs, alongside larger projects, generating 40,000 job opportunities, according to government statements.
This initiative involves providing financial support of up to Rs 50 crore for specific export-oriented projects and Rs 100 crore for export-oriented industrial parks. Additionally, the policy seeks to transform districts into export hubs, addressing regional disparities by enhancing the export contributions of each district.
Source: logisticsinsider.in
Related Stories
Fabrication
PTC build tech for single crystal & directionally solidified castings production
The company has set up this manufacturing capacity at its Lucknow facility.
Read morePolicy Regulation
Manufacturing activity in India rebounds in June; fastest hiring in 19 years
As a consequence of increases in new order intakes, the rate of job creation was the strongest since March 2005.
Read moreElectrical & Electronics
India to receive critical mineral access with Australian FTA; lower emissions
Like Australia, India has signed a trade pact with the four-nation European Free Trade Association (EFTA) and Norway is a key member of that grouping.
Read moreRelated Products
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
