Maharashtra is a preferred destination for domestic as well as international industrial market due to plethora of incentives offered to the companies for setting up their factories / manufacturing units. Package Scheme of Incentive in one such scheme introduced by the state government to encourage the dispersal of industries to lesser developed areas of the State, the Government has been giving package of incentives to New Industrial Units / Expansion / Diversification Units set up in the developing regions of the State since 1964. There had been amendments done from time to time for betterment of the industries. This article highlights the latest Package Scheme of Incentives 2019 containing details of eligibility criteria, quantum of incentives and monitoring mechanism.
Salient features of Package Scheme of Incentives 2019.
The stated scheme period is from 1st April, 2019 to 31 March, 2024 or till the new Package Scheme of Incentives comes into force. The policy envisages grant of fiscal and non-fiscal incentives to the Industrial units with a view to help the units achieve higher, sustainable and inclusive economic growth with emphasis on balanced regional development and employment generation through greater Private and Public Investment in industrial sector.
The attached presentation highlights the main points of the scheme, to view click here.
For the complete policy, click here.
ASCC Industrial Consultants
ASCC is a leading Industrial Real Estate Consultant in Maharashtra is a registered Pvt and SSI (in service sector) established in 2004 with a track record of serving about 450+ industries which includes 31 fortune 500 companies or MNCs. We have a team of highly skilled specialists provides strategic and operational support for doing business in India. The strategic support includes selection of site for setting up the industry (Acquisition of Leasehold Industrial Land under Priority Allotment (FDI), allotment through e-bidding, Resale Industrial land) and all legal property transfer formalities, and operation support includes support for obtaining all requisite consents, NOCs, Permissions and Licenses to establish and run the industry.