Maha govt planning for dedicated policy for MSMEs, reducing no. of approvals for setting biz
Updated: May 11, 2015 11:43:30am
Mumbai, May 11 (KNN) Leaving no stones unturned to promote the micro, small and medium enterprises (MSMEs) in the state, Maharashtra government is coming up with a dedicated policy of the small entrepreneurs. The state is also working towards reducing the number of approvals required for setting up a business in the state.
The state chief minister Devendra Fadnavis has said that, "To promote MSMEs, which is the biggest employment generating sector, we have decided to come up with a dedicated industrial policy to provide them all necessary incentives and facilities to set up their businesses in the state."
While addressing at a seminar, ‘Privartan’ on Saturday, organised jointly by Maharashtra government and industry body CII here, Fadnavis informed that the state has already prepared an industrial policy with an aim to facilitate ease of doing business for all entrepreneurs.
"There has been a misconception that this industrial policy is only for large businesses and that there is nothing for the MSMEs. But now we have decided to introduce a policy that will only take care of the needs of MSMEs," he said.
At present, Fadnavis said, nearly 50 per cent of Maharashtra's population is below the age of 25 years and there is a need to provide employment to them.
"To provide employment to this large population, we will have to promote the MSME sector. Also, we are working towards reducing the number of approvals required for setting up a business to 25 from the current 76. We believe that by July we will be able to achieve this target."
Speaking at the event, State Industries Minister Subhash Desai said the government is planning to set up an organisation to cater to the needs of MSMEs.
He said the trade and investment facilitation cell, 'Maitri', started by the government in Mumbai, will now be launched across the state in phases. The cell looks into the requirements of investors and facilitates business partnerships for MSMEs. (KNN Bureau)
The state chief minister Devendra Fadnavis has said that, "To promote MSMEs, which is the biggest employment generating sector, we have decided to come up with a dedicated industrial policy to provide them all necessary incentives and facilities to set up their businesses in the state."
While addressing at a seminar, ‘Privartan’ on Saturday, organised jointly by Maharashtra government and industry body CII here, Fadnavis informed that the state has already prepared an industrial policy with an aim to facilitate ease of doing business for all entrepreneurs.
"There has been a misconception that this industrial policy is only for large businesses and that there is nothing for the MSMEs. But now we have decided to introduce a policy that will only take care of the needs of MSMEs," he said.
At present, Fadnavis said, nearly 50 per cent of Maharashtra's population is below the age of 25 years and there is a need to provide employment to them.
"To provide employment to this large population, we will have to promote the MSME sector. Also, we are working towards reducing the number of approvals required for setting up a business to 25 from the current 76. We believe that by July we will be able to achieve this target."
Speaking at the event, State Industries Minister Subhash Desai said the government is planning to set up an organisation to cater to the needs of MSMEs.
He said the trade and investment facilitation cell, 'Maitri', started by the government in Mumbai, will now be launched across the state in phases. The cell looks into the requirements of investors and facilitates business partnerships for MSMEs. (KNN Bureau)
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