The Maharashtra state government is enticing major tech companies to invest in its IT sector by easing regulations and offering incentives. It allows a higher Floor Space Index (FSI) of 3 within industrial estates for IT townships, fostering vibrant tech hubs. Additional FSI of 3-5, based on road width, is granted for data centers and IT offices. IT/ITES industries are now permitted in Mumbai's No Development Zones to spur employment. The minimum required area for Integrated IT Townships is reduced from 25 acres to 10 acres. The strategy, anchored in the 2023 IT/ITES policy revision, aims to attract investments and boost economic development in Maharashtra.
The Maharashtra state government is making it easier for big technology companies to invest in the state's IT sector, to attract more investments in IT sector and data centres. They are relaxing rules and providing attractive incentives to attract major tech players, especially those who usually choose cities like Bangalore, Delhi, or Hyderabad for their operations.
To make IT townships more appealing, the government is allowing a higher Floor Space Index (FSI) of 3 globally within the state's industrial estates. These townships, which include both residential and commercial areas, aim to become thriving tech hubs.
For data centers and IT offices, the government is offering an additional FSI of 3-5 based on the width of the roads. In Mumbai, a 40-feet wide road gets an FSI of 3, a 60-feet road gets 4, and a 100-feet road gets 5. In other parts of the state, the maximum FSI offered is 4.
The government is also permitting IT/ITES industries in No Development Zones (NDZ) in Mumbai to boost employment. However, it's important to note that additional FSI won't be available in NDZs, Green Zones, and Agriculture Zones.
To make Integrated IT Townships more feasible, the required minimum area has been reduced from 25 acres to 10 acres. This adjustment aims to make it easier to establish these townships and promote growth in the sector.
The Information Technology and Information Technology Enabled Services policy (IT/ITES policy), initially issued in 2015 and revised in 2023, has played a crucial role. The state had sanctioned 30 integrated townships until 2022, mainly in Pune Metropolitan Region, Raigad, and Nagpur. In February 2023, a committee was formed to assess their progress and the effectiveness of the policy.
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