Summary:
Through this undertaking, the Maharashtra Industrial Development Corporation (MIDC) aims to improve its EoDB rank through ongoing reforms. In a bid to maintain its pre-eminence in attracting domestic and foreign direct investments, Maharashtra government will focus on a 'five-step approach' which includes unlocking growth sectors, reskilling, boosting ease of doing business (EoDB), infrastructure-led growth and the development of growth corridors. In the present day competitive and cooperative federalism, Maharashtra has attracted more than 30 per cent FDI. Furthermore, MIDC has recently modified Development Control Regulations to allow mixed land use in residential and commercial plots. According to Anbalagan, MIDC has invested Rs 300 crore in a venture capital fund focusing on aerospace and defence industry which will boost micro, small and medium enterprises (MSME) startups and indigenization..