The government of Maharashtra has adopted the SEZ policy for developing special economic zones in the state. The SEZs, earmarked as duty-free enclaves,have a relaxed and business friendly policy regime , aimed at promoting rapid industrial development and employment generation – SEZ consultants
The approved policy regime includes :
- Exemption of all state and local taxes and levies for transaction with the SEZ and for supply from domestic traffic areas to the SEZ
- Exemption from stamp dusty and registration fees
- Grant for labour and environment related permits and approvals through a dedicated single window mechanism
- Permission to generate electricity foe own consumption
- Expeditious process for land acquisition to set up SEZs
The SEZ policy aims at creating a simple and transparent system and procedures to attract large foreign and domestic investment in infrastructure for SEZ’s in Maharashtra
SEZ policy of Maharashtra provides attractive as follows:
- Hundred per cent exemption from stamp duty and registration fees
- Permission for captive power generation
- Micro, small and medium enterprises policy highlights
- Government is planning to initiates measures for availability of cheap and timely finance , technology up-gradation , upgradation of skill sets of those employed in MSME enterprises and marketing
- Setting up of a special institution for the SMEs
- New small scale industries are eligible for capital subsidy
- Special capital incentives are offered for setting up small- scale industries in backward units
- Interest subsidy is also offered to new textile, hosiery and knitwear SSI units
Incentives to promote quality competiveness, research and development and technology up-gradation
Incentives | Subsidy (%) | Limited to (INR Milion) |
Capital equipment | 5 | 2.5 |
Expenses incurred for quality certification | 50 | 0.10 |
Cleaner production measures | 25 | 0.50 |
Expenses incurred for patent registration | 50 | 0.50 |
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