Green industries will be allowed to start immediately: CM
Chief minister (CM) Uddhav Thackeray on Tuesday assured private equity firms of full cooperation from his government and reduction in the number of permissions required for starting their businesses in the state. CM said that the state is working on a policy under which green industries will be allowed to start immediately and will not have to wait for permissions. Thackeray organised an interactive session with representatives from private equity firms to understand their difficulties and the changes which the state can implement to attract more investors. “To attract more investment, we decided to adopt industryfriendly policy. We already dropped unnecessary permissions and will be reducing them further. We are also planning to simplify the entire process. Moreover, green industries will not need many permissions and they will be allowed to start their operations as early as possible,” CM said during the interaction.
Manish Kejriwal, managing partner, Kedaara Capitals; Sanjay Nagar, chief executing officer, KKR India; Ajit Chandra, managing director, Bain Capital; and Vishal Mahadevia, managing director, Warburg Pincus also attended the interaction. Ajit Dixit, senior managing director, Blackstone, who also attended the meeting suggested that the state should work on starting Pharma and Electronics Park in Maharashtra, said a senior official present in the meeting.