To recover from the economic slump, Maharashtra government is looking to attract Foreign Direct Investment (FDI) by unveiling ‘Maha Parwana’, a mega permission for new industrial units. To be active within 48 hours of application, this mega permission will help the industries to fast track their operations. An investor had to acquire at least 22 permissions to start operations in the state previously and with this mega permission the industries will now attract more investors. Maha Parwana will also facilitate investors to get all the permissions through a single-window clearance system. Talking about obtaining the permissions, Subhash Desai, Minister for Industries, Government of Maharashtra, said, “Once the industrial unit has started, the rest of the permissions can be obtained in the next two years.” The Uddhav Thackeray-led government has appointed Bhushan Gagrani, Senior IAS officer as a ‘Sherpa’ for bringing in foreign investment to the state particularly from countries like Japan, US, Korea and Germany. A special task force has also been formed to formulate plans and suggestions to attract FDI in the state.
