The topic of the Maharashtra state giving 20% concession on the rates of land held by the Maharashtra Industrial Development Corporation (MIDC) to companies that signed memorandum of understandings (MoUs) with the government during the Make in India week, was criticized by the Opposition during the budget session.
The first objection was expressed by rormer chief minister Prithviraj Chavan who asked, “Why should MoUs signed during Make in India week be given a special deal?”, stating that it was discriminating.
Corporates can avail of the rebate till March 31. The concession will be extended only to those companies, which have submitted a detailed project report.
He also accused the state government of lack of transparency regarding the deals struck during the event. “The government says they have signed MoUs worth almost Rs 8 lakh crores. We have been asking for a detailed break-up but so far the records haven’t been released,” said Mr Chavan.
While Leader of Opposition in the state assembly Radhakrishna Vikhe-Patil said the concession should not be provided in regions which already command investment, NCP leader Jayant Patil said such concessions will set a wrong precedent. “This will result in other corporates asking for the same discount at a later stage,” he said.