The Maharashtra Industry, Trade And Investment Facilitation Act, 2023

Posted On - 21 September, 2023 • By - King Stubb & Kasiva

The government of Maharashtra notified the Maharashtra Industry, Trade and Investment Facilitation Act, 2023 on August 14, 2023, which aims to create an effective Single Window System for delivery of services related to issuing of permissions required for establishing and operating industries; to enhance State’s competitiveness on trade and for investments; to develop an ecosystem to ensure Ease of Doing Business including grievance redressal mechanism in the State; and to develop and maintain a portal for providing all necessary information required for investment in the State of Maharashtra and for the matters connected therewith or incidental thereto. The Act shall be deemed to have come into force on the July 3, 2023.

As per the Act, an entrepreneur or investor or any other person duly authorised by entrepreneur or investor, desiring to set up a new industrial undertaking or continuing operation of an existing industrial undertaking in the State, may make an application with prescribed fee to obtain such permissions required therefor under the relevant law as the State Government may by notification in the Official Gazette specify, in electronic form, through the Single Window System. The Maharashtra Industry, Trade and Investment Facilitation Cell (MAITRI) has been appointed as the Nodal Agency for Single Window System in Maharashtra, for the purposes of this Act.