Impact of Industrial Policy 2019 on Rural and Urban Industrialization of Maharashtra State

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Published: Feb 1, 2025
DOI: https://doi.org/10.29070/jyrmb352
Keywords:
Maharashtra Industrial Policy 2019, regional industrialization, rural industrial development, urban industrial growth, sustainable industrial practices, inclusive economic growth

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Authors

Namita D. Kadam

Research Scholar, Department of Commerce and Management, Shivaji University, Kolhapur, Maharashtra

Abstract

This research paper offers an in-depth examination of the Maharashtra Industrial Policy 2019 and its impact on industrial growth in both rural and urban regions of Maharashtra. The program was designed to promote equitable regional industrial development by stimulating investment in various geographical areas, thereby diminishing the gap between industrially advanced metropolitan centres and underdeveloped rural regions. The strategy emphasised sustainable development by advocating for environmentally conscious activities and the use of green technology to reduce industrial pollution and preserve natural resources. Inclusivity was a fundamental principle of the program, intended to provide job opportunities for marginalised populations and bolster micro, small, and medium companies (MSMEs) to guarantee fair economic development. This research utilises secondary data sources, including government papers, economic surveys, and industry statistics, to rigorously assess the policy's execution and results. The findings underscore the achievements and obstacles encountered in attaining regionally balanced industrialisation, the degree of integration of environmental sustainability into industrial practices, and the inclusivity of growth concerning employment creation and investment allocation. The report provides significant insights into policy efficacy, proposing ideas to enhance industrial frameworks that bolster Maharashtra's long-term economic growth objectives.

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Issue

Vol. 20 No. 1 (2025): International Journal of Information Technology and Management (IJITM)

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