According to Mr. Devendra Fadnavis, Chief Minister of Maharashtra, manufacturing holds the key to the future growth of Maharashtra.
He was speaking at the Maharashtra Investment Seminar which was organized in Mumbai in conjunction with the ‘Make in India Week’.
According to Mr. Subhash Desai, Maharashtra Industries Minister, when the State Government came to power at the end of 2014, he had set a target of bringing Rs. 5 lakh crores of investment into the State by 2019. This target, he stated, is well on its way to being met in 2016 itself.
He highlighted the measures being taken by the State Government to promote ease of doing business in the country such as curtailing the Inspector Raj, amending the Contract Labour Act, allowing women to work on longer shifts, and online grant of licences and renewals, etc.
Earlier, while welcoming the participants, Mr. Sanjay Kirloskar, Chairman, CII – Western Region, and Chairman and Managing Director, Kirloskar Brothers Ltd., said that Maharashtra already accounts for the highest amount of investments received in the country in the first three quarters alone.