The state’s new industrial policy focuses on competitiveness, sustainability, and large-scale job creation.
In a major push to boost industrial and economic growth, the Maharashtra government has approved the Maharashtra Industries, Investment and Services Policy 2025, aiming to attract investments worth ₹70.5 lakh crore ($850 billion) over the coming years. A Government Resolution (GR) announcing the policy was issued on Monday, following its approval by the State Cabinet in December 2025.
The new policy represents one of the most ambitious investment roadmaps in India, designed to position Maharashtra as a Global Business Destination (GBD). The government has emphasised that the policy focuses on competitiveness, climate-smart industrialisation, sustainable growth, and job creation, aligning with the long-term vision of Viksit Maharashtra 2047.
Aiming for Massive Investments
According to the government, the new policy targets an overall investment of ₹70.5 lakh crore during the policy period. Out of this, ₹41.5 lakh crore ($500 billion) is expected from the manufacturing sector, while ₹29 lakh crore ($350 billion) will come from the services sector. Additionally, Maharashtra aims to achieve ₹12.45 lakh crore ($150 billion) in manufacturing exports.
This investment drive marks Maharashtra’s strong intent to deepen its role in global value chains and enhance industrial competitiveness. By strengthening both manufacturing and services, the government hopes to create a diverse and resilient economy capable of withstanding global disruptions.
Strengthening Competitiveness and Reforms
The key focus of the new policy is to make Maharashtra a more efficient, investor-friendly, and technology-driven economy. The government plans to achieve this through sustained reforms, better capital efficiency, and greater institutional coordination.
One of the most notable features of the policy is the launch of an integrated investment platform called “Invest Maharashtra.” This digital system will act as a single-window interface bringing together investment opportunities from all sectors under one roof. Global and domestic investors will be able to easily access information, explore projects, and track the entire investment process online. The initiative aims to reduce friction, save time, and significantly improve ease of doing business in the state.
To ensure efficient execution, the Industries Department will undergo a major restructuring. It will be renamed the Industries, Investment and Services Department, which will house three dedicated commissionerates — for Industries, MSMEs, and Services. This change is expected to give each sector more focused attention, streamline policy implementation, and strengthen institutional capacity.
Vision for Sustainable and Job-Rich Growth
Sustainability has been placed at the center of the government’s long-term industrialisation strategy. The policy encourages climate-smart, low-carbon, and environmentally friendly growth, aligning industrial development with ecological goals.
Maharashtra is currently one of India’s leading industrial states, and with this new policy, the government aims to increase the contribution of industry to the state’s economy from 25% of Gross State Value Added (GSVA) in 2024 to 27% by 2036 and 30% by 2047. The share of manufacturing alone is targeted to grow from 13.8% in FY25 to 20% by 2047.
Alongside economic growth, the state also targets the creation of around 50 lakh direct jobs across manufacturing and services. The government believes that these jobs will come from both large industries and small enterprises as investment expands into diverse regions of the state.
Boosting MSMEs and Regional Balance
Recognising the critical role of Micro, Small and Medium Enterprises (MSMEs) in Maharashtra’s economy, the new policy puts a strong emphasis on strengthening the MSME ecosystem. The State aims to increase the number of Udyam-registered enterprises to one crore by formalising around 65 lakh existing enterprises and adding 10 lakh new registrations. The move is expected to help smaller enterprises gain better access to credit, technology, and market linkages.
In addition to industrial growth, the policy also focuses on regional development. The government has promised special incentives for investments in aspirational districts and underdeveloped areas to ensure balanced growth across Maharashtra. This approach aims to reduce regional disparities and promote more equitable per capita income growth.
Review and Implementation Mechanism
The Maharashtra Industries, Investment and Services Policy 2025 will remain in force for five years from the date of notification or until a new policy is introduced. To ensure it remains responsive and effective, the policy will be reviewed annually. The government has also kept provisions for earlier modifications based on feedback or emerging challenges in implementation, legal frameworks, or regulatory matters.
Officials said that the continuous evaluation mechanism will help the state stay aligned with global trends, technological advancements, and investor needs. This responsive approach, coupled with strong institutional reform, positions Maharashtra to remain India’s most attractive investment destination in the coming decade.
Moving Toward “Viksit Maharashtra 2047”
The introduction of the new industrial policy is part of the state’s larger vision of “Viksit Maharashtra 2047,” which seeks to transform Maharashtra into a globally competitive, innovation-driven, and sustainable economy by the time India completes 100 years of independence.
With a clear roadmap for investment, job creation, and sustainable development, the Maharashtra government aims to lead the next phase of India’s industrial evolution. The focus on technological innovation, business-friendly reforms, and inclusive regional development positions Maharashtra as a top destination for investors worldwide.
As the policy takes shape, industry experts and investors will closely watch how effectively the state implements its ambitious agenda and translates this vision into action.
