AMCCIE Demands Bold Reforms for Maharashtra Budget to Boost Economy
The Agrawal Marwadi Chamber of Commerce, Industries & Education (AMCCIE) has taken a firm and aggressive stand on the upcoming Maharashtra Budget, scheduled to be presented on March 6. Office-bearers of the chamber have demanded concrete, result-oriented, and time-bound reforms to boost the state's economic and industrial backbone.
AMCCIE National President Rajesh Agrawal stated unequivocally that Maharashtra needs rapid economic acceleration, not a phased approach. Industries and investors expect clear, concrete, and bold decisions. He emphasized that the state must take decisive, policy-driven measures to maintain its position as the economic and industrial powerhouse of the country.
One of the key demands is the immediate reduction of Stamp Duty to 2%. Chamber's national Vice President Narendra Goyal highlighted the need for a uniform 2% stamp duty across the state, noting that the current high rates are hindering real estate transactions. Goyal argued that a reduction would encourage transparent dealings and boost revenue collections.
Another critical demand is the implementation of a strict Single-Window System with Accountability. General Secretary Umesh Mandot emphasized the need for a genuinely effective single-window clearance system for industries. He called for legally defined timelines and accountability mechanisms to ensure that departments causing delays are held responsible.
Senior office-bearer Kamalraj Bansal stressed the importance of a 24x7 Affordable Power Supply for Industries. He stated that uninterrupted 24-hour electricity at competitive rates is non-negotiable. Bansal warned that if power tariffs remain higher than those in other industrial states, Maharashtra risks losing industries to competing regions.
National Advisor Bhimsain Agrawal proposed simplified and integrated compliance systems, interest subsidies, and financial incentives for MSMEs. He also called for robust policy support for manufacturing, exports, electric vehicles (EVs), green energy, and cluster development. Agrawal suggested that broader economic priorities should include large-scale infrastructure investments in roads, metro, ports, and logistics.
He further called for special encouragement for agro-processing and rural industrialization, especially industry-linked skill development programs, dedicated funds, and policy reforms for startups and innovation. These measures, according to Agrawal, are crucial for fostering a conducive environment for businesses and driving economic growth.
The AMCCIE's demands reflect the chamber's commitment to advocating for policies that will enhance the business climate in Maharashtra and ensure sustainable economic development.
