Opposition leaders have sharply criticised the Maharashtra government after data disclosed in the Lok Sabha showed that over 36,000 private companies were liquidated, dissolved, or struck off in the state over the last five financial years.
They claimed excessive government interference, widespread corruption, and an increasingly unfavourable business environment as key drivers pushing commercial and industrial activity away from Maharashtra.
The information was shared in the Lok Sabha by the Ministry of Corporate Affairs on August 10, in response to a question asked by Shiv Sena (UBT) Lok Sabha member Rajabhau Waje.
Waje on Wednesday said that the closure of more than 14,000 companies in business services and nearly 6,500 in manufacturing was particularly alarming, as these sectors generate substantial employment.
“Some 14,000 companies in business services and some 6,500 companies from manufacturing sectors have closed down in the last five fiscal years. These sectors generate ..
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