1.Policy Objective:

“To achieve higher and sustainable economic growth with emphasis on balanced regional development and employment generation through greater private and public investment in industrial and infrastructure development.”

2. Policy Targets:

• Target Industrial Sector growth rate of 10% by 2010

• Target Service Sector growth rate of 12% by 2010 and

• Additional Employment Generation of 20 lakh by 2010

3. Policy Validity: 31st March 2011

4. Strategies:

The Policy objectives will be realized through the following strategies

a) Identification of thrust sectors

b) Building up of quality infrastructure

c) Incentivising investments for employment generation in districts low on

Human Development Index

d) Attracting mega investments both foreign and domestic

e) Commercial exploitation of local resources and local economic potential.

f) Strengthening the SME sector through promotion of quality competitiveness,

research and development and technology up gradation

g) Nurturing industrial clusters

h) Prevention of industrial sickness and revival of viable sick units

i) Smooth exit option for industries

j) Streamlining procedures, debottlenecking and creation of hassle free

industry friendly environment

k) Strengthening institutional support

5. Thrust Areas:

The State will identify key thrust areas for according greater importance to sectors keeping in view their potential in contributing to the socio-economic development of the State. These sectors will be provided comprehensive support through specific policy initiatives. Following are the thrust areas, which would be offered priority status.

a) Infrastructure Power, Roads, Rail, Communication, Connectivity, Airports, Ports.

b) Manufacturing - Agro- based Industries, Textiles, Auto and Auto components, Electronic products, Pharmaceuticals and Gems and Jwellery.

c) Services – Sunrise Technology and Service Sectors including Information Technology, I.T. enabled services, Biotechnology, Nano technology, (Retail,Tourism, and Entertainment. )

d) Mumbai- Pune - Nashik – Aurangabad Quadrilateral will be provided greater infrastructure support to develop its full potential for knowledge-based, manufacturing and agro-based industries.

e) Establishment of Gas distribution networks in major industrial areas in the State to improve availability of cleaner and cost effective fuel. The State, in addition to the Industrial Investment and Infrastructure Policy,will formulate out the following policies for achieving the objectives and facilitating investment in the thrust areas mentioned above