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Maha relaxes norms for setting up Integrated Industrial Areas

Press Trust of India  |  Mumbai 

To compete with neighbouring states such as and in attracting investment, the government today relaxed its norms for Integrated Industrial Areas (IIAs).

The state cabinet passed a resolution today, which said that states such as Gujarat, and woo industries by providing them more facilities, hence the government was taking this decision.

The cabinet decision comes ahead of the forthcoming 'Magnetic Maharashtra' investor summit.

As per the decision, mandatory condition of having 40 hectares of land for setting up an IIA has been relaxed to 20 hectares.

The land utilisation ratio of industry to residential area has been revised from 60:40 to 80:20, which means more land would be available for industry, an official statement said.

The cabinet also approved an integrated mega project to promote ayurveda industry, tourism and education with an investment over Rs 1,000 crore.

Pune-based has tied up with the Netherlands-based Global Country of for technical support for the project.

The project, spread over 264 acres, is expected to generate direct and indirect employment for over 5,000 people, official sources said.

It will have initial investment of Rs 500 crore, and involve production of ayurvedic medicines, medicinal oils, processing of organic food products, an ayurveda college and an integrated treatment centre among other things, stated the the cabinet decision.

The state has also decided to set up 11 special courts for Divyang (disabled persons), senior citizens and neglected communities in 11 cities/towns. Over 11,000 cases related to persons from these categories are pending currently.

Rs 4.78 crore have been sanctioned for this purpose.

In another decision, the government permitted women employees in the state service to seek transfer to other revenue departments on the ground of ill-health of in-laws.

The today also decided to finance a film on the life 19th century social reformer Mahatma Phule. Production house for the film will be chosen through tendering.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 22:20 IST