The World Bank’s Doing Business Report 2018 ranked India 100th out of the 190 countries surveyed. The 30 place jump over last year’s ranking of 130th is result of continuous reforms in the policies keeping in mind “Growth”, as a principle objective. The thickening of India’s position in world’s economy is the outcome of contribution of 29th states.
In specific, Maharashtra’s contribution cannot be overlooked. Mumbai, the capital of Maharashtra and the financial capital of India, houses the headquarters of most of the major corporate & financial institutions. The state is one of the biggest contributors to Indian economy; it has been growing at a faster pace than all-India average in most periods and is expected to continue the momentum.
Maharashtra alone contributes 27% of total exports in India. Being the biggest contributor to India’s GDP 15%, Maharashtra has always remained in the forefront of country’s economic development. The state attracts the highest FDI in the country; 30 percent of the total FDI inflow. According to the DIPP, cumulative FDI inflows in the state of Maharashtra during April 2000 to March 2016 stood US$ 82.62 Billion. The state government has approved 18,709 industrial proposals during 1991-92 to 2014-15.
One of the government organisations supporting Maharashtra’s exemplary performance & be a backbone of Indian economy is the project MIDC (Maharashtra Industrial Development Corporation) , established in 1962 with a prime objective of Prosperity to all through Industrialization. The planned and systematic industrial development in the State of Maharashtra has continuously placed Maharashtra in first position in India for the highest productivity, economics performance, business efficiency, government efficiency, infrastructures and overall competitiveness. From its inception, the corporation is continuously working on the policies with would result in Economic lift of the country be it through domestic Or International market. Many Incentive policies are timely introduced by the corporation along with timely changes in the policies & Rates for the better results. . With the state looking to boost its revenue, Chief Minister Devendra Fadnavis has approved the proposal for revise in the land rates which came into effect from August 2018, that has increased the land rates upto 15% from the previous change done in 2016 . These rates are used by MIDC for the allotment of plot ( without auction ) & also for charging differential premium on transfer of plot. MIDC through its letter vide C 87036 has revised charges .
To view the revised Lland rates, click here….