Advertisment

Maharashtra penning a start-up policy

In a bid to attract incubation units in the state, the Maharashtra government is planning to pen a start-up policy

author-image
Sonal Desai
New Update
ID

MUMBAI, INDIA: In a bid to attract incubation units in the state, the Maharashtra government is planning to pen a start-up policy.

Advertisment

The policy is also aimed at boosting the entrepreneurship and innovation in the manufacturing and It-ITeS segments.

The policy will be part of the niche sectoral policies which have been drafted or are being worked on for various industries like retail, electronics and defence manufacturing.

A senior government official told DNA, "Cities like Pune have a substantial base in the IT industry. However, we should be able to promote start-ups elsewhere also. Besides, we are looking at providing additional benefits like FSI and finance.”

It must be noted that Maharashtra contributed 20 percent to IT exports from the country. According to a recent Software Technology Parks of India (STPI) survey, the state ranked below Karnataka but higher than other competitors Andhra Pradesh and Tamil Nadu.

The policy, once legalized and gets a proper framework, would play a vital role in attracting start-ups who are currently making a beeline to Bengaluru, Hyderabad and Gurgaon, to Maharashtra.

must-read smac