Maharashtra CM Devendra Fadnavis Hits Back At Sharad Pawar Over Maharashtra’s ‘36,211 Closed Companies’ Claim, Says 76% Were Defunct
Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Friday responded to NCP (SP) chief Sharad Pawar’s concerns over the closure of thousands of companies in the state, arguing that the figure of 36,211 companies being 'closed' does not reflect the actual industrial situation in Maharashtra. In a detailed post addressed to Pawar, Fadnavis said the data cited in Parliament had been presented…
Maharashtra Chief Minister Devendra Fadnavis defended his state's industrial landscape on Friday, responding to criticism from NCP leader Sharad Pawar over claims that thousands of companies had closed in Maharashtra. Fadnavis argued that the figure of 36,211 companies closing, cited in Parliament, did not accurately reflect the true industrial situation.
He stated that around 76% of these companies were "defunct" entities that had never started operations and that the number of active companies in the country had actually increased by over three times in the past decade. Maharashtra, Fadnavis noted, still has the highest number of registered companies in the country.
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