Maharashtra Industries, Investment & Services Policy 2025: State Targets $1 Trillion Economy by 2030

The Maharashtra government announced the new Industries, Investment & Services Policy 2025 via Government Resolution dated December 31, 2025, marking a strategic shift from manufacturing-only focus to comprehensive manufacturing, services and innovation-oriented development framework. The policy targets increasing industry's share in Gross Value Added from 25% (2024) to 30% by 2047, with manufacturing component rising from 13.8% to 20% by 2047. Key highlights include introduction of 'Invest Maharashtra' integrated digital platform for unified investment facilitation, creation of 5 million direct jobs, expansion of MSMEs to 10 million Udyam-registered units, and balanced regional development across all zones. Policy offers differentiated capital and performance-linked incentives based on enterprise size, location, employment potential and strategic value. Mega and ultra-mega projects receive customized incentive packages. Anchor-Vendor Incentives enable captive vendors associated with large units to access comparable benefits. Strong emphasis on import substitution with additional capital incentives and R&D cost reimbursement for certified import-substitute products. Incentive framework includes industrial promotion subsidy (up to 100% gross SGST reimbursement), stamp duty waivers, electricity duty waivers, EPF refunds, interest rate subsidies, and concessional MIDC land allocation. Policy duration is five years with focus on capital efficiency, sustainability, innovation and inclusive growth.