Mumbai: The Maharashtra Budget 2026–27 outlines an ambitious industrial expansion plan aimed at strengthening the state’s position as a manufacturing and investment hub, with the government announcing new sectoral policies, industrial clusters and employment generation initiatives.
Presenting the Budget in the Legislative Assembly, Chief Minister Devendra Fadnavis said the state has announced a new Industry, Investment and Services Policy-2025, with the objective of increasing the share of the industrial sector in the state economy and expanding investment across districts.
Under the policy framework, the government plans to establish Micro, Small and Medium Enterprise (MSME) centres in every district, aimed at strengthening small businesses, promoting entrepreneurship and expanding manufacturing capacity. The initiative is expected to generate around 50 lakh direct jobs in the coming years.
The state government is also developing a unified digital platform called “Invest Maharashtra”, which will integrate approvals and services related to industrial investment.
Also Read: Maharashtra Budget 2026–27: Loan Waiver, Natural Farming Push and Digital Agriculture Focus in Rural Package
The Budget highlighted Maharashtra’s continued leadership in attracting foreign investment, with the state remaining among the top destinations for Foreign Direct Investment (FDI) in the country.
To promote exports and regional industrial development, the government also referred to the success of the One District One Product initiative, under which several districts including Ratnagiri, Nagpur, Amravati, Akola and Nashik have received national recognition.
Among sector-specific policies, the government announced the Maharashtra Bamboo Industry Policy-2025, which aims to attract investments of more than ₹50,000 crore and generate around five lakh direct and indirect employment opportunities.
The policy will focus on strengthening the bamboo value chain and promoting the use of bamboo biomass in thermal power plants through an Asian Development Bank-supported project estimated at ₹4,271 crore.
The Budget also announced the Maharashtra Gems and Jewellery Policy-2025, which aims to attract investment of ₹1 lakh crore and generate around five lakh jobs in the sector.
In eastern Maharashtra, the government highlighted the emergence of Gadchiroli as a steel manufacturing hub, where iron-ore-based industries are expected to attract investments of about ₹2.62 lakh crore and create more than 70,000 jobs.
The government said infrastructure development, including improved road connectivity and logistics support, is being undertaken in the region to facilitate industrial expansion.
The Budget also emphasised the role of industry in achieving the long-term economic goal of expanding Maharashtra’s industrial output significantly by 2047, as part of the broader “Viksit Maharashtra” development roadmap.
According to the government, these initiatives aim to strengthen the state’s manufacturing ecosystem, expand employment opportunities and attract large-scale domestic and global investments in the coming decades.
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