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Facing economic crisis due to the pandemic and ensuing lockdown, Maharashtra is all set to roll out the red carpet to attract investment. The state has planned to provide 鈥楳aha Parwana鈥�, a master permission for new industrial units, within 48 hours of application, so that they won鈥檛 need any other permission and can start construction on the site immediately.The draft of the policy is likely to be cleared by the state cabinet in a week, officials said. 鈥淚n a week, we will be able to start 鈥楳aha Parwana鈥� for new investors. It is a master permission that will be provided within 48 hours of the application. Every company can start construction work immediately after obtaining 鈥楳aha Parwana鈥�. The master permission guarantees that all statutory permissions required to start operations will be delivered within a prescribed schedule (from three to 30 days), otherwise it will be considered a deemed approval,鈥� said a senior official, requesting anonymity.An investor requires at least 22 permissions to start operations in the state.The Maharashtra Industrial Development Corporation (MIDC) is also looking at changing its land lease policy to offer land to investors on rent to bring down their capital investments. Only companies that require environmental clearance won鈥檛 be able to start the construction activities, he clarified.This decision comes as on the heels of the Magnetic Maharashtra 2.0, the global investors鈥� summit hosted by the state and inaugurated by chief minister Uddhav Thackeray on Monday.Besides, the industries department will be appointing a relationship manager on the lines of private banks to interact with investors on a regular basis. 鈥淭his will help reduce the communication gap between both the sides and all their issues can be resolved in no time,鈥� said another official.Senior IAS officer Bhushan Gagrani, who is appointed as a state coordination officer to attract new investment in Maharashtra, said they have started communicating with global CEOs, MDs and directors and so far have communicated with 400 global companies. 鈥淥verall, the global sentiment is not very encouraging due to obvious reasons, so they may take some time to respond, but as a state we have indicated that let鈥檚 get back to business,鈥� Gagrani said. 鈥淐urrently, the land lease model is only for 95 years. But the problem is many companies are not keen on upfront capital investment due to changing global conditions. So MIDC is preparing to give them land on a rental basis, as per their requirement. They are preparing packages, which will bring down the capital investment,鈥� Gagrani said.While unveiling its road map for Magnetic Maharashtra 2.0, Thackeray said his government will ensure industries won鈥檛 face any difficulty. The state also inked 12 memoranda of understanding (MoUs) worth Rs 16,300 crore during the event.The ongoing financial crisis has led the state government to declare a 67% cut in its spending for developmental works this fiscal year, in view of the estimated revenue losses of more than Rs 40,000 crore in March and April owing to the Covid-19 outbreak.The news has been originally shared by www.hindustantimes.com, titled 鈥榃ith new permit, industrial units can start within 48 hours in Maharashtra鈥�, on June 17, 2020. We have referred to the original article by the publisher with modified Title to suit our industry audience. To access the original article, click on the following: 丑迟迟辫蝉://飞飞飞.丑颈苍诲耻蝉迟补苍迟颈尘别蝉.肠辞尘/肠颈迟颈别蝉/飞颈迟丑-苍别飞-辫别谤尘颈迟-颈苍诲耻蝉迟谤颈补濒-耻苍颈迟蝉-肠补苍-蝉迟补谤迟-飞颈迟丑颈苍-48-丑辞耻谤蝉-颈苍-尘补丑补谤补蝉丑迟谤补/蝉迟辞谤测-蹿痴66尘痴贰办驰贰苍蝉苍测别尘1贵7狈1碍.丑迟尘濒听