The Government of Maharashtra has, vide Government Resolution (GR) No. M/Ind-2023/P.No.187/Udyog-2 dated 31st December 2025, announced the Maharashtra Industries, Investment & Services Policy 2025. The policy marks an important milestone in the State’s industrial and economic roadmap by expanding the focus from manufacturing-led growth to a comprehensive manufacturing, services and innovation–oriented development framework.
For several years, Maharashtra’s incentive regime has been anchored in the Package Scheme of Incentives (PSI), with PSI 2019 serving as the principal operational policy governing fiscal incentives for industrial units. The newly announced policy is a broader strategic, institutional and governance framework, within which incentive schemes and implementation mechanisms will continue to operate.
- Key Objectives of Maharashtra Industries, Investment & Services Policy 2025
The policy aims to strengthen Maharashtra’s position as a preferred investment destination by:
- Attracting large-scale domestic and foreign investments
- Creating substantial employment across manufacturing and services
- Promoting innovation, R&D and technology-led growth
- Encouraging green and sustainable industrial development
- Strengthening institutional capacity and governance
- Ensuring balanced regional and corridor-based development
- Policy Validity
The policy will remain in effect for five years from the date of notification i.e. 31st Dec 2025 or until the next policy comes into effect.
- Major Pillars of the Policy
- Expansion from Manufacturing to Services-Led Growth
A defining shift under the policy is the formal recognition of the services sector as a core pillar of economic growth, covering:
- IT and ITeS
- Global Capability Centres (GCCs)
- Logistics and warehousing
- R&D and design centres
- Knowledge-based and innovation-driven services
This represents a structural broadening beyond the manufacturing-centric approach of earlier policies.
- Strengthened Investment Facilitation and Governance Framework
The policy emphasizes improved ease of doing business through:
- Establishment of a unified “Invest Maharashtra” facilitation mechanism
- Strengthened single-window and digital approval systems
- Enhanced inter-departmental coordination
- Time-bound approvals and investor handholding
This marks a shift from incentive-centric governance to a facilitation- and execution-driven model.
- Institutional Reform: Transition from Directorate of Industries (DOI) to Commissionerate of Industries:
As an important governance reform aligned with the objectives of the policy, the Government of Maharashtra has announced a structural transformation of the Directorate of Industries (DoI) into a Commissionerate of Industries.
This institutional upgradation reflects the growing scale and complexity of industrial and investment administration in the State and is intended to:
- Strengthen decision-making authority and administrative efficiency
- Enable faster processing of approvals, incentives and investor grievances
- Improve coordination with other departments and investment facilitation agencies
- Support implementation of large and complex investment proposals
- Enhance accountability and responsiveness in industrial administration
The transition from a Directorate to a Commissionerate signifies Maharashtra’s intent to modernize governance structures in line with global best practices and to support the expanded mandate under the policy framework.
- Focus on Innovation, R&D and Technology Development:
The policy places strong emphasis on innovation-led growth through:
- Dedicated support mechanisms for manufacturing R&D
- Separate focus on services-sector R&D and innovation
- Encouragement for product development, design and advanced technologies
- Support for future-ready and high-value sectors
This represents a major step forward compared to earlier policy frameworks, where R&D support was limited in scope.
- Green, Sustainable and Smart Industrial Development
Sustainability is a core theme of the policy, with emphasis on:
- Promotion of green manufacturing practices
- Environmentally friendly and energy-efficient industrial processes
- Development of smart industrial parks
- Alignment with ESG and climate-resilient growth objectives
- Regional and Corridor-Based Development Strategy
While the policy relied on district- and area-based classifications to promote industrial dispersal, strengthens this approach by introducing:
- Industrial and logistics corridors
- Integrated industrial parks
- Targeted interventions for underdeveloped and aspirational regions
- Infrastructure-led regional development planning
This enables balanced growth while supporting large-scale investments.
- Priority Sector and Thrust Sectors (within manufacturing):
- Priority Sectors
- Advanced Materials
- Aerospace, Defence, Space Tech, Nuclear Tech and Shipbuilding
- Agro & Food Processing (Secondary & Tertiary Processing Units, including Meat Processing)
- Automotive and Auto Components (for EV, Hybrid, and Hydrogen Fuel Vehicles)
- Battery and Energy Storage (including Data Centers and Hydrogen Fuel Cells)
- Chemicals and Petrochemicals (including Coal Gasification Initiatives)
- Footwear and Leather Products
- Gems & Jewelry (including Lab-Grown Diamonds)
- Machinery & Equipment Manufacturing (including renewables and telecom)
- Mineral-Based Industries
- Pharmaceuticals, Biotechnology, Med-Tech & Lifesciences
- Semi-Conductors Fabrication (FAB), including Display Fab and Electronics System Design and Manufacturing (ESDM)
- Smart Manufacturing (Industry 4.0 & 5.0)
- Sustainable Manufacturing and Circular Economy (including Recycling)
- Textile & Apparel (including Technical Textile, Sustainable Fabrics)
- Solar Wafers, Green Hydrogen and Green Ammonia
- Thrust Sectors
- Semiconductor, Display for LCD & LED, Mobile display & related glass manufacturing etc.
- Hydrogen Fuel cell manufacturing etc.
- Laptop, Computer & Severs etc.
- Lithium battery & Cell manufacturing etc.
- Solar Panel, Module & Cell Manufacturing etc.
- Pharmaceutical, Chemicals, Polymers & other related products etc.
- Aerospace & Defence
- Coal gasification and downstream derivatives as well as green steel production
Service as an Industry & Priority Sectors
- IT & Computer Services
- Professional, Scientific & Business Services:
- Insurance & Pension Services
- Trade & Repair:
- Educational Services:
- Financial Services:
- Travel & Tourism:
- Health Services:
- Personal, Cultural & Recreational Services:
- Transport & Logistics
- Audio-Visual Services:
- Telecommunications:
- Priority Services Sectors
- Information Technology & Information Technology Services (IT & ITeS)
- Tourism and Hospitality Services
- Medical Value Travel
- Transport and Logistics Services
- Accounting and Finance Services
- Audio Visual Services
- Legal Services
- Communication Services
- Construction and Related Engineering Services
- Environmental Services
- Financial Services
- Taluka / Area Classification and Incentive Framework (Indicative)
Eligibility Criteria for MSME
| Sr. No | Taluka / Area Classification | Maximum Permissible Fixed Capital Investment (INR) | Maximum Ceiling as % of FCI | Incentive period in years |
| 1 | A |
Rs. 125 Cr |
30% | 5 |
| 2 | B | 40% | 7 | |
| 3 | C | 50% | 7 | |
| 4 | D | 60% | 10 | |
| 5 | D+ | 70% | 10 | |
| 6 | Vidarbha, Marathwada, Ratnagiri, Sindhudurg, Jalgaon & Dhule | 80% | 10 | |
| 7 | No Industry Districts, Naxalism Affected Areas* and Aspirational Districts** | 100% | 10 | |
| * As per notified list under applicable Government resolutions.
** As per NITI Aayog/State notified aspirational districts list. |
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- Fiscal Incentives for
- Industrial Promotion Subsidy (Gross SGST Payable)
- Capital Subsidy
- Interest Subsidy
- Stamp Duty Exemption
- Power Tariff Subsidy
- Exemption from Electricity Duty
- Employment Linked Subsidy
- Production Linked Incentive (PLI)
- Other Performance Linked Additional Incentives
- Taluka / Area Classification and Incentive Framework (Indicative)
Eligibility Criteria for Special LSI
| Sr. No | Taluka / Area Classification | Qualifying Capital Minimum Investment (INR Crore) | Minimum Direct Employment (number of people) | Maximum Ceiling as % of FCI | Incentive period in years |
| 1 | A & B | 750 | 1000 | 40% | 7 |
| 2 | C | 500 | 750 | 50% | 7 |
| 3 | D | 350 | 500 | 60% | 7 |
| 4 | D+ | 250 | 200 | 80% | 7 |
| 5 | Vidarbha, Marathwada, Ratnagiri, Sindhudurg, Jalgaon & Dhule |
200 |
150 |
90% |
9 |
| 6 | No Industry Districts, Naxalism Affected Areas* and Aspirational Districts** |
150 |
125 |
100% |
9 |
- Fiscal Incentives for Large Scale Industries (LSI) and Special Large-Scale Industries
- Industrial Promotion Subsidy
- Stamp Duty Exemption
- Power Tariff Subsidy – Applicable only Eligible new units in Group D, D+ and below
- Electricity Duty Exemption – Applicable only Eligible new units in Group D, D+ and below.
- Employment Linked Subsidy
- Fiscal Incentives for Mega Projects and Ultra Mega Projects
Eligibility Criteria for Mega and Ultra Mega Units
| MEGA Units | Ultra MEGA Units | |||||
| Sr. No | Taluka / Area Classification | Qualifying Capital Minimum Investment (INR Crore) | Minimum Direct Employment (number of people) | Qualifying Capital Minimum Investment (INR Crore) | Minimum Direct Employment (number of people) | |
| 1 | A & B | 1500 | 2000 | 4000 | 4000 | |
| 2 | C | 1000 | 1500 | 3000 | 3000 | |
| 3 | D | 750 | 1000 | 1500 | 2000 | |
| 4 | D+ | 500 | 750 | 1250 | 1500 | |
| 5 | Vidarbha, Marathwada, Ratnagiri, Sindhudurg, Jalgaon & Dhule | 350 | 500 | 1000 | 1000 | |
| 6 | No Industry Districts, Naxalism Affected Areas* & Aspirational Districts** | 200 | 350 | 750 | 750 | |
Mega & Ultra Mega Projects will be provided with customized incentives. The Cabinet Sub-Committee under the chairmanship of the Chief Minister of Maharashtra will have the powers to sanction customized package of incentives for Mega & Ultra Mega Projects. The committee can offer special / extra incentives for strategic Mega & Ultra Mega Projects, on a case-to-case basis on the recommendation of High-Power Committee
| Taluka / Areas Classification | MSME (Minimum Employment) | Large (Minimum Employment) | Mega (Minimum Employment) | Ultra-Mega (Minimum Employment) |
| A & B | 350 | 750 | 1500 | 3000 |
| C | 250 | 500 | 1000 | 2000 |
| D | 150 | 350 | 750 | 1500 |
| D+ | 125 | 200 | 500 | 1000 |
| Vidarbha, Marathwada, Ratnagiri, Sindhudurg, Jalgaon & Dhule | 100 | 150 | 350 | 400 |
| No Industry Districts, Naxalism Affected Areas and Aspirational Districts | 50 | 125 | 250 | 350 |
Eligibility Criteria for Service Sector Units
- Fiscal Incentives for Service Sector Units
- EPF Reimbursement
- Rental Lease Subsidy
- Stamp Duty Exemption
- Electricity Duty Exemption
- Skilling Subsidy
- R&D and Innovation Subsidy
- For Women and SC/ST categories, an additional incentive of 5% to 20% will be provided, depending on the location.
- Under the Policy, benefits are extended to A Zone location; however, such benefits were not available under earlier policies.
- Practical Implications for Applicant’s
While the policy sets the strategic direction, actual eligibility, quantum and release of incentives will continue to depend on detailed implementing Government Resolutions and scheme-specific guidelines. Investors must carefully assess:
- Sector and activity eligibility
- Location-based classification
- Investment size and employment commitments
- Project timelines and compliance milestones
- Documentation and monitoring requirements
Early planning and structured advisory support remain critical to maximizing benefits
- Conclusion & Bizsolindia Advisory Support
The Maharashtra Industries, Investment & Services Policy 2025 represents a decisive evolution in the State’s industrial policy framework. By integrating manufacturing, services, innovation, sustainability and institutional reform, the policy provides a forward-looking roadmap for long-term economic growth. When read together with PSI 2019, it offers both continuity in incentives and clarity in strategic direction.
However, converting policy intent into real financial and operational gains requires careful interpretation of Government Resolutions and strict procedural compliance.
- Bizsolindia – Your Partner in Strategy for Policy Advisory and Incentive Facilitation:
Bizsolindia offers comprehensive advisory & implementation support for businesses seeking to avail benefits under Maharashtra’s industrial & investment policies, including:
- Eligibility assessment under the policy
- Comparative incentive analysis and project structuring
- Application filing and representation before authorities
- Liaison and coordination with implementing departments
- Post-approval compliance and incentive realisation
With strong domain expertise & hands-on experience in the policy implementation, Bizsolindia supports enterprises in converting policy provisions into tangible business value.
For professional assistance, please contact: corporate@bizsolindia.com
