Maharashtra Chief Minister Devendra Fadnavis unveiled the State’s new 5-year industrial policy which will be effective from 1st April 2019.
Key Points
i. The policy emphasizes on high technology and employment generating businesses which aim to attract investments worth 10 lakh crore rupees.
ii. It will create nearly 40 lakh Jobs by 2023-24 and the goal is to turn Maharashtra into a trillion dollar (one lakh crore) economy.
iii. In Maharashtra, the rate of conversion of Memorandum of Understanding into actual investments after a period of one year from the agreement is more than 45% in comparison to the national average of 30-35 percent.

iv. Maharashtra's average is more than 45 per cent and Magnetic Maharashtra and Make in India in the industrial sector, it has been more than 70 per cent.