Monday, September 20, 2021
HomeCity NewsGovernment signs MoU with UK to set up biz centre in Mumbai

Government signs MoU with UK to set up biz centre in Mumbai

To enable global companies to set up businesses in Maharashtra, the state government today signed an MoU with the UK government to set up a centre in the city.

The memorandum of understanding (MoU) was signed between the Maharashtra Industrial Development Corporation (MIDC) and the UK India Business Council in the presence of state Industries Minister Subhash Desai and British Minister of State for Trade and Investment Lord Ian Livingston.

“We are trying to re-align Prime Minister Narendra Modi’s ‘Make in India’ programme with ‘Make in Maharashtra’ by re-analysing all business procedures and trying to drastically reduce the number of approvals needed to start business in the state,” Desai said.

He emphasised that the government was taking initiatives to ensure the number of approvals required for setting up a business in the state is reduced to 25 from the current requirement of 76.

“The success of Modi government’s programme depends on the success of ‘Make in Maharashtra’. Therefore, we are taking various initiatives to provide investor-friendly environment. We want to reduce the number of approvals to set up a business in Maharashtra to 25 from the current 76,” Desai said.

The state is expecting nearly Rs 5 lakh crore of investments in the next 3-5 years.

“Apart from investments, our government’s focus will also be on generating employment. Our focus is thus going to be on giving a boost to the manufacturing sector, which is the largest employment generator. We will encourage those companies which would want to set up manufacturing facilities here,” he said.

The minister further said that the government has also commenced the process of acquiring unused industrial plots.

“There are many MIDC plots in the state, which were alloted in the last 10-15 years, but no commercial work has yet begun there. We are acquiring back these plots and will be giving them to only those who want to set up manufacturing facilities,” he said.

Most Popular

- Advertisment -[the_ad id="220709"]