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No red tape but red carpet for investors in Maharashtra

Fadnavis Addresses Event in New York

New York: Projecting Maharashtra as the land of “immense opportunity”, Chief Minister Devendra Fadnavis has made a strong pitch for investments in the state, assuring American investors of a business-friendly environment and “red carpet” instead of “red tape”.

Fadnavis, currently on a visit to the US, invited American investments in the infrastructure, agro-processing and manufacturing sectors of his state.

He met investors, political leaders and community organisations here, inviting investments and expertise across sectors in his state.

“Now is the right time to invest in Maharashtra. It is a land of immense opportunity. I assure you that once you decide to come…we will do everything for you. Our government has decided no more red tape but red carpet,” for investors and the business community, he told investors and business executives at a meeting organised by business advocacy group US-India Business Council yesterday.

He assured investors of guiding, facilitating and partnering with them as they seek to set up businesses in Maharashtra, which he said boasts of quality manpower and best institutions.

The Chief Minister said his government has taken various steps over the past few months to ensure ease of doing business in the state, including reducing the number of permissions required to set up industries.

“We are trying to bring all permissions on a single IT platform” and many permissions will be put on an automated route, he said, adding that the government is also trying to make the business environment hassle-free.

Emphasising the investment opportunities available in Maharashtra, Fadnavis said the government wants the state to be viewed as a top destination for both domestic as well as international investments.

He highlighted the “huge investment opportunities” in the manufacturing, urban development, infrastructure and agro-processing sectors and stressed on the state’s plan to develop smart cities near Mumbai.

Fadnavis said his government is laying emphasis on urbanisation, which for many years had been looked upon as a “curse” in India and Maharashtra.

“Urbanisation is not just a challenge but an opportunity,” he said.

“Aggressive”¬†investment has been envisaged¬†in the state’s sectors like ports, airports, rail and road network, electricity, he said.

The state is looking for joint ventures in critical projects such as the Delhi-Mumbai Industrial corridor, smart cities and the government is committed to providing a boost to both ‘Make in India’ and ‘Make in Maharashtra’ campaigns, he added.

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