Maharashtra Chief Minister Devendra Fadnavis unveiled reforms aimed at enhancing the state’s Ease of Doing Business. Out of the 33 mandatory permissions, 20 have transitioned to a self-certification system. Efforts are ongoing to streamline the remaining 13 permissions soon.
During a seminar focusing on a Bulk Drug Park and Life Sciences Hub, Fadnavis revealed plans for a gradual reduction in electricity rates over the next five years. He debunked cost increase projections, assuring a drop in the current rate from Rs 10.88 to Rs 9.97 per unit.
To bolster investor confidence, the Chief Minister emphasized the state’s commitment to becoming the one with the lowest electricity rates by 2028-29. The Maitri Portal has been fortified to offer single-window clearance and real-time tracking for all permissions, ensuring accountability and transparency.
Fadnavis stressed the state’s dedication to green infrastructure, including initiatives like Common Effluent Treatment Plants and the promotion of eco-friendly technologies. The government is extending incentives not only to large industries but also to their suppliers and vendors, aiming to foster a competitive industrial ecosystem through Public-Private Partnerships.
Expressing a strong stance on industrial growth, Fadnavis outlined a strategy of creating a stable and transparent business environment. He expressed optimism that these measures would position Maharashtra as a global competitor, setting a standard for the entire nation.
