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Godrej Says Investment Will Follow Demand, Backs GST Changes, Urges MSME Relief

Maharashtra set a $850 billion manufacturing investment target alongside gains in financial inclusion.

Overview

  • Speaking at the CII Manufacturing Summit in Mumbai, Jamshyd Godrej said both private and public investment hinge on domestic demand and called for measures to boost consumption.
  • He called recent GST rationalisation a step in the right direction and pressed for further improvements in ease of doing business.
  • Godrej said micro, small and medium enterprises face excessive regulation and urged a lighter compliance burden, noting concerns tied to the labour code.
  • Maharashtra Industries Secretary P. Anbalagan said the state's new manufacturing policy seeks to unlock $850 billion of investment across manufacturing and services.
  • Department of Financial Services Secretary M. Nagaraju reported India’s Financial Inclusion Index rose to 67.0 in March 2025 from 64.2 a year earlier.