labels: economy - general, investments
Bill to enhance investments, development in Maharashtra news
Nisha Das
14 January 2003

Mumbai: Maharashtra Chief Minister Vilasrao Deshmukh has said that the state assembly will soon pass a bill that will not only enhance private investment in the infrastructure projects but also speed up the industrial and economic development of Maharashtra.

Inaugurating the five-day exhibition-cum-seminar called Maha Index 03, organised by the Maharashtra Chamber of Commerce and Industry here, Deshmukh said the share of Maharashtra in the country’s total export was placed at 32 per cent by the end of 2002. “It is likely to go up to 50 per cent by 2005. This is due to some encouraging policies that include a special emphasis on the special economic zone, agri-export processing zone, food-park, and special policies for grape processing as well as biotechnology.”

“Even today we are number one in India’s industrialisation and we will maintain the numero uno status, but for that we have to work hard and seminars like this will go in a long way to boost the tempo of the trade and industry,” Deshmukh reassured.

The state has received 10,448 investment proposals involving investment of Rs 2,34,335 crore after the announcement of liberalisation of the industrial policy. As far as foreign direct investment (FDI) is concerned, Maharashtra has got the highest FDI of Rs 49,233 crores by end-2002, Deshmukh pointed out.

 

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Bill to enhance investments, development in Maharashtra