Make in Maharashtra Aerospace and Defence Manufacturing Policy 2024-2030

Empowering India's Defence Future

Make in Maharashtra proudly presents the Maharashtra Aerospace and Defence Manufacturing Policy 2024, a bold and transformative initiative aimed at positioning Maharashtra as the leading destination for aerospace and defence manufacturing in India. Maharashtra, with its advanced industrial infrastructure, strategic location, and rich talent pool, is uniquely equipped to drive the nation’s ambitions for self-reliance in defence production.

As India’s largest state economy, Maharashtra has long been a hub for innovation, industry, and advanced manufacturing. The aerospace and defence sector is poised for significant growth, and Maharashtra is committed to harnessing this potential by attracting investments, promoting indigenous research and development (R&D), and creating a world-class ecosystem of suppliers and manufacturers.

Vision for 2030: Maharashtra as a Global Aerospace and Defence Manufacturing Hub

By 2026, Maharashtra aims to become the preferred destination for Aerospace and Defence Manufacturing in India and globally. The state’s vision includes:

Attracting ₹25,000 crores in investments into the aerospace and defence sector by creating a conducive environment for manufacturers, suppliers, and ancillary businesses.
Developing dedicated aerospace and defence manufacturing clusters in Pune, Nagpur, and Nashik, integrating high-tech infrastructure, innovation hubs, and advanced R&D centers.
Building a robust ancillary ecosystem of manufacturers, suppliers, and vendors through a cluster-based approach that fosters collaboration and supply chain efficiency.
Creating 50,000 new jobs in the aerospace and defence manufacturing sector through targeted skill development programs and industry partnerships.

Mission: Transforming Maharashtra into a Defence Manufacturing Powerhouse

The Maharashtra Aerospace and Defence Manufacturing Policy 2024 is a testament to Make in Maharashtra’s mission to create a state-of-the-art ecosystem that powers India’s defence and aerospace capabilities. The key objectives of the policy are:

Attract large-scale investments in the aerospace and defence manufacturing sector, driving Maharashtra’s industrial growth.
Foster innovation and R&D in cutting-edge aerospace and defence technologies through collaborations with national institutions like the Defence Research and Development Organisation (DRDO) and Hindustan Aeronautics Limited (HAL).
Establish dedicated clusters for aerospace and defence manufacturing, promoting local manufacturing of advanced defence technologies.
Develop industry-ready manpower by promoting skill development and creating a talent pipeline of engineers, technicians, and researchers specialized in aerospace and defence.

Key Objectives: Empowering Maharashtra’s Defence Manufacturing Sector

The Maharashtra Aerospace and Defence Manufacturing Policy 2024 is designed to achieve several aspirational objectives:

Attracting Investments: Maharashtra aims to attract ₹25,000 crores in domestic and international investments into aerospace and defence manufacturing by creating an environment that encourages ease of doing business.
Building a Strong Ancillary Ecosystem: The policy focuses on creating a strong network of local manufacturers, suppliers, and vendors through a cluster-based approach that ensures supply chain resilience and efficiency.
Harnessing Institutional Potential: By leveraging the presence of leading institutions such as DRDO, HAL, and Ordnance Factories, Maharashtra will drive the development of indigenous technologies and products for both domestic and export markets.
Promoting R&D and Innovation: The policy aims to foster an innovation ecosystem by encouraging R&D in advanced aerospace and defence technologies, positioning Maharashtra as a leader in indigenously developed solutions.

Fostering Skill Development: Maharashtra is committed to promoting skill development in aerospace and defence manufacturing by working with industry leaders and educational institutions to create industry-ready manpower capable of meeting the demands of this fast-growing sector.

Strategic Focus Areas: Pioneering Maharashtra’s Defence Sector Growth

To realize its vision, Maharashtra is adopting a focused strategy to build a vibrant aerospace and defence ecosystem:

Dedicated Aerospace and Defence Clusters

Maharashtra will establish dedicated aerospace and defence clusters in strategic locations such as Nagpur, Pune, and Nashik. These clusters will be equipped with world-class infrastructure, R&D centers, and incubation hubs for start-ups and innovators in the defence sector. The aim is to promote collaborative innovation and position Maharashtra as a global leader in aerospace and defence manufacturing.

Fostering Innovation and Indigenous R&D

Make in Maharashtra will focus on promoting indigenous R&D by partnering with institutions such as DRDO, HAL, and Ordnance Factories, and leveraging Maharashtra’s strong academic and industrial base. This collaboration will drive the development of next-generation aerospace and defence technologies, including advanced missile systems, combat aircraft, and unmanned aerial vehicles (UAVs).

Skill Development for Industry-Ready Talent

Maharashtra will promote skill development initiatives by collaborating with leading technical institutions and global aerospace manufacturers. Through partnerships with institutions like IIT Bombay, VJTI, and other centers of excellence, the state will offer specialized training programs focused on advanced aerospace technologies and defence manufacturing.

Strengthening the Ease of Doing Business

Maharashtra will streamline regulatory approvals and offer a fully integrated online Single Window Portal for submission of applications and tracking of clearances. This portal will ensure that all aerospace and defence manufacturing units receive approvals within the stipulated timelines, enhancing ease of doing business and making Maharashtra a competitive investment destination.

Incentives for Aerospace and Defence Manufacturing

The Maharashtra Aerospace and Defence Manufacturing Policy 2024 provides a range of fiscal and non-fiscal incentives to attract investments, support R&D, and foster skill development.

Incentive Type	Details
Capital Investment Subsidy	25% subsidy on fixed capital investments (excluding land), up to ₹50 crores per project.
Land Concessions	Land at concessional rates in dedicated aerospace and defence clusters in Nagpur, Pune, and Nashik.
Tax Incentives	100% reimbursement of SGST for the first 7 years for eligible units.
Power Tariff Subsidy	30% reimbursement of electricity tariffs for 5 years, with additional incentives for renewable energy use.
R&D Grants	50% reimbursement of R&D costs, capped at ₹2 crores per annum for successful technology development.
Skill Development Incentives	50% reimbursement for skill development programs, up to ₹1 crore annually for aerospace and defence companies.
Recruitment Assistance	₹15,000 per new recruit for a period of three years for local hires in aerospace and defence sectors.

Ease of Doing Business: Streamlined Approvals and Clearances

To promote investments and ease operations for investors, Maharashtra will implement a Single Window Portal for all aerospace and defence manufacturing projects. This online platform will simplify the submission of applications, tracking of approvals, and issuance of clearances. Under the Maharashtra Right to Public Services Act, the state guarantees that all approvals will be granted within defined timelines, ensuring a business-friendly environment.

Conclusion: Maharashtra Leading India’s Aerospace and Defence Industry by 2030

The Maharashtra Aerospace and Defence Manufacturing Policy 2024 is designed to transform Maharashtra into the leading aerospace and defence manufacturing hub in India. By fostering innovation, promoting indigenous R&D, and building a strong ecosystem of manufacturers, suppliers, and vendors, Maharashtra will play a pivotal role in the nation’s self-reliance in defence production.

Make in Maharashtra invites global investors, aerospace and defence manufacturers, and technology innovators to join this transformative journey and contribute to building a secure, self-reliant India.

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About Make in Maharashtra

The Make in Maharashtra is a Public Benefit Corporation (PBC) with a mission to establish Maharashtra as a key player in international economic collaboration, focusing on strategic partnerships with nations like USA, Europe, Australia, African Union, KSA, China, India, Qatar, Saudi Arabia, Türkiye, and the UAE across vital sectors such as energy, technology, agriculture, and finance. Our goal is to integrate lessons from successful global economic models, adopting best practices to ensure sustainable and inclusive growth. We aim to enhance economic prosperity and diversification, contribute to societal progress, and promote sustainable economic practices. By leveraging Maharashtra’s unique position, Make in Maharashtra strives to drive substantial economic growth, spur innovation, and solidify Maharashtra’s stature in the international economic arena, resonating with the government’s vision of a technologically advanced and interconnected economy.