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Updated Oct 13, 2025 · 21:48
Maharashtra News Updated Oct 13, 2025

Efforts underway to help Maharashtra lead in industrial sector: Minister

Maharashtra is embarking on an ambitious industrial transformation strategy led by Industries Minister Uday Samant. The state government is introducing 12 innovative sector-specific policies to dramatically boost exports and attract investments. With impressive MoU signing records and a focus on creating employment, Maharashtra aims to become an industrial powerhouse. The minister's approach emphasizes supporting entrepreneurs and solving local challenges to drive sustainable economic growth.

Mumbai, Oct 13

Maharashtra Industries Minister Uday Samant, on Monday, assured that the state government is ready to provide all the support to entrepreneurs in the the state to occupy the top position in the industrial sector.

He was speaking at the event to give away the "Maharashtra State Export Awards 2025" for the years 2022-23 and 2023-24.

Minister Samant, who was accompanied by State Industry Secretary P Anbalagan, said that 12 new policies are being introduced to increase the state's export ratio by ten times.

"Policies like animation, visual effects, gaming, comics, Global Capability Centre (GCC), bamboo, leather, aerospace, electronics are being implemented in the state."

He expressed confidence that these policies will provide relief to the entrepreneurs in the state.

Minister Samant said that record investments have increased in Maharashtra through memoranda of understanding signed during foreign visits like Davos (Switzerland), Germany and Japan.

"A record MoUs worth Rs 1.7 lakh crore were signed in Davos in the first year, Rs 7 lakh crore in the second year and Rs 16 lakh crore in the third year. Maharashtra is the first state in the country with 80 per cent implementation of these MoUs," he noted.

He appealed to the entrepreneurs that while accepting the award, they are serving Maharashtra and the country so they should focus on how the people hailing from the state will get employment.

He said that the entrepreneurs in the gems and jewellery sector have done a commendable job of starting the first training centre in Ratnagiri for the upcoming project in Navi Mumbai and providing a minimum salary of Rs 40,000 to the youth of the state.

"After the establishment of an industry, the issue of law and order arises due to two reasons -- local employment and land acquisition. To solve this issue, entrepreneurs should take the initiative to solve the problems of the locals and the entrepreneur organisations should take the lead in this," the Minister added.

He said that entrepreneurs have made a huge contribution to the development of the state and 57,000 entrepreneurs have been created in the last three years under the Chief Minister's Employment Generation Scheme.

"Now that the 'red carpet' has been given to entrepreneurs in Maharashtra for expansion, major investments are being made only in the state," he added.

He expressed gratitude for the entrepreneurs providing employment to 1.5 lakh unemployed youth in the last two years.

Minister Samant also instructed the Industry department to organise workshops to guide entrepreneurs on how to benefit from the policies being formulated for industries.

— IANS

Reader Comments

Rohit P

Rs 16 lakh crore MoUs signed in the third year is impressive! But I hope the implementation happens smoothly at the ground level. Sometimes these big numbers don't translate to real benefits for common people. Let's see actual job creation in rural areas too.

Arjun K

The emphasis on local employment and solving land acquisition issues is crucial. Many industrial projects get delayed due to these problems. Good to see the minister addressing this proactively. Hope entrepreneurs take this seriously.

Sarah B

As someone working in the gaming industry, I'm excited about the animation and gaming policies mentioned. Maharashtra could become India's gaming hub! The Rs 40,000 minimum salary in gems sector is also a positive step for skilled workers.

Vikram M

While the numbers look good, I hope the benefits reach beyond Mumbai and Pune. Tier 2 and 3 cities in Maharashtra need industrial development too. The bamboo and leather policies could be game-changers for rural employment if implemented properly.

Michael C

The 80% implementation rate of MoUs is remarkable compared to other states. Maharashtra's industrial ecosystem has good infrastructure and policy support. The workshops for entrepreneurs will be very helpful for new startups to understand available benefits.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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