Maharashtra government announces Maha Parwana plan to attract fresh investments in industries

MUMBAI: In a bid to attract fresh industrial investments in Maharashtra, the state government announced a new plan called ‘Maha Parwana’, which will offer several incentives and offer a single-window clearance system for project execution.

In a cabinet decision on Thursday, the government has decided that henceforth companies investing in a project costing Rs 50 crore or more would not be burdened with getting clearances from several departments. Such companies would be given an assurance letter (Maha Parwana). All that these companies need to do is to apply at the Maharashtra Industry, Trade and Investment Facilitation Cell (MAITRI), a single-window system, and if there is no lacunae in the application, then an online permission would be given within 48 hours.

The state has assured that under the Maha Parwana system, such industries would get all the 25 odd statutory permissions and clearances from other state departments within a prescribed time (30 days). In case, these industries don’t get these clearances within the stipulated time, it would be deemed cleared automatically.

This accelerated system has been announced only for non-polluting industries coming under the Orange and Green criteria announced by the Maharashtra Pollution Control Board. The units that can take advantage of such proposals are only the non-polluting ones that come under the Orange and Green criteria of the Maharashtra Pollution Control Board.

Source: indiatimes.com