Maharashtra's Strong Economy and Business Opportunities

11MARCH 2017 For updated information, please visit www.ibef.org
MAHARASHTRA GATEWAY TO INDIA
MARCH 2017 (As of 24 March 2017)

22MARCH 2017
❖ Executive Summary …….……….……… 3
❖ Advantage Maharashtra ……………....... 5
❖ State Vision …………………….………… 6
❖ Maharashtra – An Introduction ……..…. 7
❖ Annual Budget 2014–15 .......................20
❖ Infrastructure Status ………………...… 21
❖ Business Opportunities ……………..… 39
❖ Doing Business in Maharashtra …….... 68
❖ State Acts & Policies …………...……... 77
For updated information, please visit www.ibef.org
MARCH 2017

EXECUTIVE SUMMARY … (1/2)
Highest contribution to
India’s GDP
• Maharashtra’s GSDP at current prices was US$ 300.51 billion in 2015-16 and accounted
for 12.98% of India’s GDP, the highest among all states.
Highest FDI in India
• Total FDI in the state during April 2000 to December 2016 stood at US$ 100.16 billion1,
the highest among all states in India.
Largest Container Port
• Jawaharlal Nehru Port is the largest port in India in terms of container traffic. During 2016-
17 (till February 2017), the port handled 561.92 lakh metric tonnes of traffic.
India’s financial and
educational hub
• The state’s capital, Mumbai, is the commercial capital of India and has evolved into a
global financial hub. The city is home to several global banking and financial service firms.
Pune, another major city in the state, has emerged as the educational hub.
Source: Central Statistics Office, TechSci Estimates, Economic Survey 2015-16
Department of Industrial Policy & Promotion, Indian Port Association
1Including Daman & Diu and Dadra & Nagar Haveli

EXECUTIVE SUMMARY … (2/2)
Significant production of
sugarcane and
pomegranate
• Maharashtra is one of the largest producers of sugarcane and pomegranate in the country.
In 2015-16, production of sugarcane in the state stood at 72,089 thousand tonnes. During
2014-15, the production of pomegranates was recorded to be 1,313.37 thousand tonnes.
Industrial powerhouse
• Maharashtra is the most industrialised state in India and has maintained the leading
position in the industrial sector in the country. The state is a pioneer in small scale
industries and boasts of the largest number of special export promotion zones.
Strong cotton
production
• Maharashtra is among the leading producers of cotton in India. The state produced 4.20
million bales of cotton during 2015-16.
Source: Ministry of Agriculture, News Articles, Economic Survey 2015-16

Source: Government of Maharashtra
Growing demandTrade and commerce hub
of India
• Mumbai (Maharashtra) is known as
the trade and commerce capital of
India. It is also the financial centre of
India.
• Maharashtra has emerged as a key
hub for IT and ITeS, electronics and
captive business outsourcing
industries.
Policy incentives
• The Government of Maharashtra has
several policies in place to set up the
right kind of business climate.
• These policies aim to motivate
investors to invest into various sectors
in the state, thereby contributing to
the overall development of the
economy.
Facilitating infrastructure
• The state has a well developed social,
physical and industrial infrastructure.
Apart from four international and seven
domestic airports, the state has two
major and 53 minor ports. It also has a
well developed power supply grid.
• Maharashtra's infrastructure sector has
grown significantly over the last
decade, with a substantial rise in the
number of industrial clusters and Public
Private Partnership (PPP) projects.
Rich pool of skilled
labour
• Maharashtra has a literacy rate of
82.3% and is home to a number of
world class educational and IT
institutions.
• The state has a large base of skilled
and industrial labour, making it an
ideal destination for knowledge based
and manufacturing sectors.
2015-16
GSDP of
the state
was US$
300.51
billion
2015-16
Per capita
GSDP was
US$ 2,545
Advantage
Maharashtra
ADVANTAGE MAHARASHTRA

STATE VISION
GSDP growth
• Maharashtra government
targets 12.5% GSDP growth
in the 12th Five Year Plan.
• US$ 50.6 billion allocated to
accelerate economic growth
by implementing specially
designed growth oriented
policies.
Skill development
• Establishing technical
universities for skill
development.
• Providing scholarships to
pursue professional courses.
Agriculture
• Promoting sustainable
development in agriculture by
integrating schemes of water
shed development, use of
technology, enhancing
processing capacity and skill
development.
• Promotion of agri-business
through PPP for Integrated
Agricultural Development (PPP-
IAD) and develop market linkages
of horticulture.
Industrial sector
• Expects to achieve double digit
growth during the 12th Five Year
Plan.
• Focus on growth of the
manufacturing sector.
• Creating conducive growth
environment.
InfrastructureTourism
• Promote religious, adventure
and heritage tourism.
• Training workers in the
organised and unorganised
sectors related to tourism.
• 6,026 km of national highway
projects.
• Developing ports by investing
approximately US$ 2.4 billion.
Vision
Source: Confederation of Indian Industry

MAHARASHTRA FACT FILE
Maharashtra is situated in the western region of the
country. The state shares borders with Gujarat,
Madhya Pradesh, Chhattisgarh, Andhra Pradesh,
Karnataka, Goa and the Union Territory of Dadra
and Nagar Haveli. On its west is the Arabian Sea.
Mumbai, Pune, Nagpur, Thane, Nasik, Solapur,
Kolhapur, Sangli, Aurangabad, Amravati and
Ratnagiri are some of the major cities of
Maharashtra.
India's main stock exchanges & capital market and
commodity exchanges are located in Mumbai.
The most commonly spoken language in the state is
Marathi. Konkani, Hindi and English are the other prominent
languages.
Source: National Portal of India, Economic Survey 2015-16
TechSci Research Estimates
Parameters Maharashtra
Capital Mumbai
Geographical area (lakh sq. km) 3.08
Administrative districts (No) 36
Population density (persons per sq
km)
365
Total population (million) 118.1
Male population (million) 61.2
Female population (million) 56.9
Sex ratio (females per 1,000 males) 929
Literacy rate (%) 82.3

88MARCH 2017
Parameter Maharashtra All states Source
Economy 2015-16 2015-16
GSDP as a percentage of all states’ GSDP 14.49 100.0 Central Statistics Office, TechSci Estimates
GSDP growth rate (%) 9.9 8.71 Central Statistics Office, TechSci Estimates
Per capita GSDP (US$) 2,545 1,546 Central Statistics Office, TechSci Estimates
Physical Infrastructure
Installed power capacity (MW) 40,598.69 305,554.25 Central Electricity Authority, as of August 2016
Wireless subscribers (No) 87,183,302 1,078,422,215
Telecom Regulatory Authority of India, as of
October 2016
Internet subscribers (No) 30,620,000 367,480,000
Telecom Regulatory Authority of India, as of
September 2016
National Highway length (km) 7,434.79 100,087.08
NHAI, Roads and Building Department-
Government of India
Major and minor ports (No) 2 + 53 13+187 India Ports Association 2015
Airports (No) 11 125 Airports Authority of India
MAHARASHTRA IN FIGURES … (1/2)

99MARCH 2017
Parameter Maharashtra All states Source
Social Indicators
Literacy rate (%) 82.3 73.0 Census, 2011
Birth rate (per 1,000 population) 16.5 21.6 SRS Bulletin
Investment
Cumulative FDI equity inflows (US$ billion)1 82.62 288.51
Department of Industrial Policy & Promotion,
April 2000 to March 2016
Industrial Infrastructure
Operational PPP projects (No) 194 1,246
DEA, Ministry of Finance, Government of India,
July 2016
Operational SEZs (No) 25 186
Notified as of February 2016, Ministry of
Commerce & Industry, Department of
Commerce, July 2016
1Combined FDI inflows for Maharashtra, Dadra & Nagar Haveli and Daman & Diu
PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System
MAHARASHTRA IN FIGURES … (2/2)

1010MARCH 2017
At current prices, GSDP* of Maharashtra was US$ 300.51
billion in 2015-16.
GSDP of the state grew at a CAGR of around 10.54% from
2005-06 to 2015-16.
Source: Central Statistics Office, TechSci Estimates based on “Advanced
Estimates” provided by Directorate of Economics and Statistics of Maharashtra
GSDP - Gross State Domestic Product,
CAGR – Compound Annual Growth Rate
GSDP* - State Budget 2016-17
GSDP of Maharashtra at current prices
(in US$ billion)
ECONOMIC SNAPSHOT – GSDP
110.3 129.5
170.1 163.4 180.5
230.0 250.7 243.7 244.9 264.8
300.5
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16

1111MARCH 2017
At current prices, NSDP# of Maharashtra was US$ 263.6
billion in 2015-16.
Maharashtra’s NSDP# grew at a CAGR of around 10.29%
from 2005-06 to 2015-16.
Source: Central Statistics Office, TechSci Estimates based on “Advanced Estimates” provided
by Directorate of Economics and Statistics of Maharashtra
NSDP - Net State Domestic Product,
CAGR – Compound Annual Growth Rate
NSDP# - Geometric mean of YoY calculation from 2004-05 to 2014-15
ECONOMIC SNAPSHOT – NSDP
NSDP of Maharashtra at current prices
(in US$ billion)
99 116.7
153.9 146.9 162.5
208.4 227.1 220.4 221.2 238
263.6
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16

1212MARCH 2017
The state’s per capita GSDP^ at current price was US$
2,545 in 2015-16.
The per capita GSDP of Maharashtra grew at a CAGR of
9.16% between 2005-06 and 2015-16.
Source: Central Statistics Office, TechSci Estimates based on
“Advanced Estimates” provided by Directorate of Economics and
Statistics of Maharashtra
Per Capita GSDP^ - calculated using GSDP million US$/
Population in million
Per capita GSDP (US$)
ECONOMIC SNAPSHOT – PER CAPITA GSDP
1,059 1,225
1,585 1,500 1,633
2,053.02,208 2,1182,100.52,242
2545
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16

1313MARCH 2017
951
1,104
1,434 1,349
1,471
1,860.0
2,000 1,9151,897.7
2013.8
2232.5
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
At current price, the state’s per capita NSDP& was US$
2,232.5 in 2015-16.
The per capita NSDP of Maharashtra grew at a CAGR of
8.91% between 2005-06 and 2015-16.
per capita NSDP& - calculated using NSDP million
US$/Population in million
Per capita NSDP (US$)
ECONOMIC SNAPSHOT – PER CAPITA NSDP

1414MARCH 2017
Over 2015-16, the tertiaryµ sector contributed 64.53% to the
state’s GSDP at current prices, followed by the secondaryµ
sector with a contribution of 25.84%.
At a CAGR of 15.8%, the tertiary sector has been the fastest
growing among the three sectors from 2004-05 to 2015-16.
Growth was driven by trade, hotels, real estate, finance,
insurance, transport, communications and other services.
The secondary sector grew at a CAGR of 13.5% between
2004-05 and 2015-16. The growth in secondary sector was
driven by growth in manufacturing, construction and
electricity, gas & water supply industries.
The primaryµ sector expanded at a CAGR of 13.7%
between 2004-05 and 2015-16. Agriculture is the major
contributor in the growth of the primary sector followed by
forestry and fishing.
The World Bank in January 2017 will fund the state
Government project namely Climate Resistant Agriculture to
reclaim 5 lakh hectares saline lands, spread in 1,000
villages. The World Bank will contribute US$ 416.484 out of
the US$594.97 joint project.
Sector-wise % share of GSDPµ -Geometric mean of YoY
calculation from 2004-05 to 2014-15
Percentage distribution of GSDP
CAGR
ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSDP
13.7%
15.8%
13.5%
10.18 9.63
29.61 25.84
59.58 64.53
2004-05 2015-16
Primary Secondary Tertiary

1515MARCH 2017
Source: Economic Survey of Maharashtra, 2015-16,
Indian Horticulture Database
Crop
Annual production 2015-16
(‘000 tonnes)
Sugarcane 72,089
Soya bean 1,853
Groundnut 189
Sunflower seed 7
Jowar (Kharif) 314
Jowar (Rabi) 1,383
Rice 2,548
Wheat 720
Bajra (millets) 304
Maize (Kharif) 1,184
Maize (Rabi) 336
Total food grains (Kharif) 5,036
Total food grains (Rabi) 3,353
Total oilseeds (Kharif) 2,052
Total oilseeds (Rabi) 28
Total pulses (Kharif) 576
Total pulses (Rabi) 911
During 2015-16, production of pulses and oil seeds in the state
was recorded at around 1.48 million tonnes and 2.08 million
tonnes, respectively.
Sugarcane, cotton, onion, soya bean, banana, jowar (sorghum)
and rice are some of the key agricultural products of
Maharashtra.
Total food grain production in the state stood at around 8.3
million tonnes in 2015-16.
As per the Agriculture Marketing and Farmer Friendly Reforms
Index, the state secured the top position in pursuing farmer
friendly policies during 2016.
ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION…(1/2)
Area (‘000 hectares) and production (‘000 MT) of
horticulture crops in Maharashtra
2380.2
2649.2
2651.2
1673.9
18,378.3
24,265.2 24,277.0
19,719.8
2012-13
2013-14
2014-15
2015-16
Area
Production

ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION…(2/2)
Production of pomegranates in Maharashtra
(‘000 MT)
2011-12 478
2012-13 408
2013-14 945
2014-15 1,313
Source: Department of Agriculture & Co-operation, Ministry of Agriculture
Sugarcane production in Maharashtra (million MT)
64.16
81.90 86.73
69.65 75.38
91.53
72.08
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Sugar production in Maharashtra (lakh MT)
70.40
90.70 90.00 79.70 77.10
105.10
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Vegetable production in Maharashtra (‘000 MT)
Vegetable 2011-12 2012-13 2013-14 2014-15
Onion 5,638 4,660 5,864 5,864
Potato 360 321 370 370
Tomato 1,007 1,050 1,200 1,200
As per state budget 2016-17, the Government of
Maharashtra proposed an outlay of US$ 12.22
million under the scheme - “National Agriculture
Development Scheme” in order to strengthen the
production of pulses and oilseeds in the state.
The state government also proposed
establishment of organic farming research &
training centres across four universities related to
agriculture for the endorsement of organic
farming in the state.
During 2015-16, the state recorded production of
5,803 thousand MT of onion.

1717MARCH 2017
Source: Department of Industrial Policy & Promotion, Economic
1Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu
ECONOMIC SNAPSHOT – FDI INFLOWS AND INVESTMENTS
According to the DIPP, cumulative FDI inflows1 in the
state of Maharashtra during April 2000 to December
2016 stood at US$ 100.16 billion.
The state government has approved 19,053
industrial proposals during 1991-92 to 2015-16 (up to
October 2015). Chemicals & fertilisers followed by
textiles were the leading sectors in terms of industrial
proposals approved with cumulative share of 25.4%.
FDI equity inflows1, 2008-09 to 2014-17
(US$ million)
12,431
8,249
6,097
9,553
6,361
3,420
6,361
9,511 10,016
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17(1)
Approved and commissioned industrial projects for major industries
(1991-92 to 2015-16- up to October 2015)
Industry
Approved proposals
Commissioned
Projects
No.
Investment
(US$
billion)
No.
Investme
nts (US$
billion)
Metallurgical 1,909 15.43 935 5.61
Chemicals &
fertilizers
2,839 9.15 1,386 3.40
Textile 1,998 7.64 933 2.59
Electrical &
electronics
1,174 3.43 683 1.19
Sugar 1,532 5.87 235 1.28
Processed
food
1,046 3.09 440 0.88

1818MARCH 2017
As of November 2015, Maharashtra’s exports totalled to around
US$ 43.84 billion.
Major products exported from the state are gems and jewellery,
software, textiles, readymade garments, cotton yarn, metal and
metal products, agro-based products, engineering items, drugs and
pharmaceuticals, and plastic and plastic items.
Maharashtra is the largest producer of sugar in India. In May 2015,
the Government of Maharashtra, approved a subsidy of US$ 16.7
per ton (up to the extent of 800,000 tonnes) for the exports of raw
sugar.
In November 2015, Maharashtra sugar mills entered into a deal with
neighbouring markets such as Sri Lanka and Bangladesh, etc., for
exporting 2 lakh MT of white sugar. As per the announcement made
by the state government in September 2015, Maharashtra is
expected to export 4 million tonnes of sugar during 2015-16.
Coca Cola, a major soft drink producing giant will be procuring
oranges from Vidarbha, Nagpur for producing juices, that would be
sold worldwide. The production would take place at its Butibori plant
Source: Economic Survey of Maharashtra, 2015-16
Note: 2015-16(1) : up to November 2015
Exports trends (US$ billion)
ECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT TRENDS…(1/2)
49.2 48.1
67.6
84.0
76.9
47.8
73.9
43.8
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16⁽¹⁾

ECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT TRENDS…(2/2)
Maize exports from Maharashtra (million MT)
108.91
151.60
187.80
223.76
165.51
132.57
103.15
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Source: APEDA, 1From April-August 2015
Dairy product’s exports from Maharashtra (thousand MT)
8.32 11.35
4.67
21.83
39.54
11.25 5.99
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Source: APEDA, 1From April-August 2015
Pulses exports from Maharashtra (million MT)
7.56
15.09
18.14
20.60
23.54
13.03
15.61
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
Source: APEDA, (1)From April-August 2015

2020MARCH 2017
Source: State Budget 2016-17
STATE BUDGET 2016-17
Revenue receipts of US$ 33.73 billion and revenue expenditure of US$ 34.29 billion were estimated during 2016-17.
Plan
Budget- 2016-17
(US$ million)
National Agriculture
Development Scheme
12.22
‘Mahatma Gandhi Rural
Employment
Mission’ and ‘State Employment
Guarantee Scheme’
530.65
Science, Technology &
Environment Annual plan
9.47
Crop Insurance Scheme. 283.37
Pandit Dindayal Upadhyay Krishi
Margdarshan Yojana
9.16
Irrigation 4.58
Irrigation projects included in
“Pradhan Mantri Krishi Sinchai
Yojana”
317.44
“Chief Minister Rural Road
Scheme”
76.38
Electricity generation projects 119.76
Textile Industry 40.48
Road construction 618.69
Plan
Budget- 2016-
17 (US$ million)
Land acquisition and project displaced rehabilitation in
MIHAN.
33.04
Shelter for all- 2022 scheme 106.93
infrastructure development in Municipal council, Nagar
Panchayat
152.76
Accelerate Nagpur and Pune metro project. 27.49
Maharashtra fire safety mission. 4.58
Rajiv Gandhi Jivandai Arogya Yojana 45.82
Sarv Siksha Abhiyan 113.04
Nature Tourism 7.21
Strengthening of tourist places. 43.53
Majhi Kanya Bhagyashree Yojana 3.81
Preservation and conservation for Varli Art. 9.16
Mumbai Metro phase-3. 13.82
Rajiv Gandhi Jivandai Arogya Yojana 45.82

Source: Economic Survey of Maharashtra, 2015-16, NHAI
PHYSICAL INFRASTRUCTURE – ROADS…(1/2)
The state is well connected to its 6 neighbouring states & other parts of India through 18 national highways. The 94.5 km long
Mumbai-Pune expressway is India's 1st 6-lane, concrete, high speed, tolled expressway, which connects the state capital & financial
hub, Mumbai, with the neighbouring industrial hub, Pune.
During 2015-16, with an investment of US$ 76.38 million, the state government executed - Chief Minister Rural Road Development
Scheme, for connecting those areas which are not included under PMGSY. As per budget 2016-17, the Government of Maharashtra
allotted an outlay of US$ 618.69 million for construction of roads in the state. Moreover, for enhancing the flow of traffic in the town of
Kalyan, the government proposed to establish the 21 km long Bhiwandi-Kalyan-Shilphata elevated road, with a proposed outlay of
US$ 6.11 million.
As on December 2015, the state government approved an elevated road project on Ghodbunder Road from Gaimukh for a proposed
investment of US$ 132.7 million, construction of a 3rd bridge on Thane creek at Vashi with a proposed investment of US$ 132.7
million, an elevated road at Bhiwandi-Kalyan-Shil Phata with a proposed investment of US$ 431.3 million, 4-lane Vakan-Pali-Khopoli
road at a proposed investment of US$ 82.94 million & an underground tunnel between Thane & Borivali.
The state government plans to construct a new proposed 8-lane highway, between Mumbai & Nagpur, in which concept of land
pooling will come into play. The project is worth US$6.84 billion and would be requiring 10000 hectares of land.
Road type
Road length (km)
(as of 2015-16)
National highways 7,434.79
State highways 40,000
Major district roads 50,232
Other district roads 52,761
Village roads 114,557
Source: Economic Survey of Maharashtra, 2015-16, NHAI
National highway length completed (km)
391.00
250.50
124.00
2012-13 2013-14 2014-15

PHYSICAL INFRASTRUCTURE – ROADS…(2/2)
Expenditure on road works under Pradhan Mantri Gram
Sadak Yojana in Maharashtra (US$ million)
58.52
82.55
33.80
2013-14 2014-15 2015-16¹
Pradhan Mantri Gram Sadak Yojana (PMGSY) was
launched in 2000 with the objective of connecting eligible
rural habitants. Until 2015, about 41,9971 km of road
network has been completed across India, of which road
length of 22,214 km was completed in Maharashtra.
In November 2015, the 785-meter long Vanjarpatti flyover in
Bhiwandi was inaugurated and constructed over a part of
extended Mumbai Urban Infrastructure Project (MUIP)
As per budget 2016-17, the state government proposed an
outlay of US$ 33.04 million for acquisition of land, special
subsidy package, etc. under the MIHAN project during 2016-
17.
As of November 2016, the government approved two and
four-laning of three highway stretches - NH-930, NH-211
(New NH-52) and NH-211 (New NH-52) in Maharashtra.
Pradhan Mantri Gram Sadak Yojana
(PMGSY)`(2015-16- up to July 2015)
Habitations connected 10724
Length completed 34852.06
Source: NHAI, Note: 1Up to October 2015
Source: PMGSY

2323MARCH 2017
Source: Economic Survey of Maharashtra, 2015-16, State Budget 2016-17,
MMRDA: Mumbai Metropolitan Region Development Authority
The rail transport system of Maharashtra is very well developed. The state is
well-connected to other parts of the country with a railway network spanning
6,103 km (including 378 km of Konkan Railway).
As of February 2017, Central Railways is planning to run 52 special superfast
weekly trains to Sainagar Shirdi from Lokmanya Tilak Terminus and Dadar
stations, so as to clear the extra rush of passengers during summer season.
During 2015-16, the state government initiated work on the 1st stage of
Phase-I CBD BelapurPendhar-Taloja MIDC-Kalamboli-Khandeshwar-Navi
Mumbai International Airport corridor, which is expected to be accomplished
by 2017. Work on the 11.1 km long Belapur-Pendhar road is under progress.
As per budget 2016-17, the state government allocated US$ 27.49 million for
boosting the execution of Nagpur to Pune metro rail project. Moreover, for the
Phase II of Mumbai Metro line, an outlay of US$ 13.82 million has been
proposed by the state government for 2016-17.
US$ 1.61 billion was raised for the Mumbai Urban Transport Project III
(MUTP III) by Prime Minister Narendra Modi, for developing an elevated link
between Airoli & Kalwa that would help passengers to avoid interchange at
Thane.
The government has passed resolution to form Maharashtra Railway
Infrastructure Development Company Ltd (MRIDC), being a joint partnership
between state government & Railway Ministry. The MRIDC shall have a
working mandate on Railway projects in January 2017.
The government in February 2017, has sanctioned construction of 7 new
railway lines & several other projects, including Chhatrapati Shivaji Terminus-
Panvel fast elevated corridor, worth US$4.64 billion.
The Railway budget 2017, which came jointly with the Union Budget, has
apportioned US$ 5.72 billion for suburban rail projects & ongoing projects in
the state of Maharashtra.
PHYSICAL INFRASTRUCTURE – RAILWAYS
Metro/mono rail
projects
Project
cost
(US$
million)
Current
status/imple
mentation
period
Mumbai Metro Rail
Project
Phase IIA : Dahisar-
D.N. Nagar (18.6 km) 979.22 Initiated from
February 2016
Phase III: Colaba-
Bandra-SEEPZ (33.5
km)
3,534.37
Tendering for
civil works in
progress
Phase IV: Wadala-
Ghatkopar-Thane-
Kasarwadavli (32 km)
2,917.81
Report on
feasibility study
submitted
Phase VII: Andheri (E)-
Dahisar (E) (16.5 km) 948.37
Appointment of
interim
consultant is in
progress
Mumbai Mono Rail
Project
Wadala to Chembur &
Sant Gadge Maharaj
Chowk (Jacob circle) to
Wadala (20 km)
375.80
Phase I:
complete,
Phase II:90%
work
completed

2424MARCH 2017
There are seven domestic and four international airports
functioning in Maharashtra. Domestic flights operate
from Mumbai, Pune, Nagpur, Aurangabad, Kolhapur,
Juhu and Nanded, whereas international flights operate
from Mumbai, Nagpur, Pune and Aurangabad. Mumbai
airport is one of the busiest airports in India. To reduce
congestion at the Mumbai International Airport, an idea
for a new airport has been proposed at Navi Mumbai.
During 2015-16, the state government proposed to
establish an additional airport through PPP, in around
four phases at Navi Mumbai with a view to minimize
overcrowding at Mumbai International Airport. For this
purpose, an amount of US$ 2.55 billion has been
proposed by the Government of Maharashtra. The first
phase of the project is expected to be executed by
2019.
As per budget 2016-17, the state government proposed
an amount of US$ 9.16 million for the enhancement of
airports (Solapur, Shirdi, Chandrapur, Karhad, Akola,
Amaravati, etc) under the Airport Development Authority
of Maharashtra.
Source: AAI (Airports Authority of India)
PHYSICAL INFRASTRUCTURE – AIRPORTS…(1/2)
International airport
Domestic airport

PHYSICAL INFRASTRUCTURE – AIRPORTS…(2/2)
Source: Airports Authority of India
Domestic
airport
Passengers (lakh) Aircraft movement (‘000) Freight (‘000 MT)
2013-14 2014-15 2015-16 2013-14 2014-15 2015-16 2013-14 2014-15 2015-16
Mumbai 218.8 252.1 300.5 188.3 195.4 220.2 181.1 207.7 209.0
Pune 35.0 40.7 51.8 29.5 32.6 38.7 21.1 27.4 31.8
Nagpur 13.6 13.6 15.2 12.5 13.5 12.6 5.1 5.6 6.0
Aurangabad 4.4 4.2 2.9 4.0 4.1 3.7 0.8 1.3 1.4
International
airport
Passengers (lakh) Aircraft movement (‘000) Freight (‘000 MT)
2013-14 2014-15 2015-16 2013-14 2014-15 2015-16 2013-14 2014-15 2015-16
Mumbai 103.41 114.30 116.24 72.36 74.09 76.38 467.64 486.54 496.24
Pune 1.23 1.01 2.40 1.03 1.12 2.04 0.01 - 0.01
Nagpur 0.45 0.44 0.74 0.48 0.54 0.84 0.42 0.44 0.43

2626MARCH 2017
Along a coast line of 720 km, there are two principal ports:
Mumbai Port Trust (MbPT) and Jawaharlal Nehru Port Trust
(JNPT). In addition, there are 53 minor ports. During 2016-17,
up to February 2017, total traffic handled at the two major ports
in Maharashtra was recorded at 1,137.65 lakh tonnes, of which
JNPT accounted for 561.92 lakh tonnes while, Mumbai port
handled around 575.73 lakh tonnes of port traffic.
The non-major ports of Maharashtra collectively handled
passenger traffic of around 113.57 passengers and cargo of
170.33 lakh tonnes, during 2015-16, till November 2015.
Source: India Ports Association
1From April 2016 to February 2017
PHYSICAL INFRASTRUCTURE – PORTS
Minor Ports in Maharashtra
• Manori
• Kalyan
• Thane
• Versova
• Bandra
• Trombay
• Ulwa-Belapur
• Panvel
• Mora
• Mandwa
• Karaja
• Thal
• Rewas
• Bankot
• Kelshi
• Sriwardhan
• Dharamtar
• Kumbharu
• Harnai
• Dabhol
• Palshet
• Borya
• Jaigad
• Tiwri-Varoda
• Purnagad
• Jaitapur
• Vijaydurg
• Deogad
• Achara
• Malvan
• Niwti
• Vengurla
• Redi
• Kiranpani
• Ratnagiri
• Dighi
• Dahanu
• Tarapur
• Nawapur
• Satpati
• Kelwa-Mahim
• Arnala
• Datiware
• Uttan
• Bassein
• Bhiwandi
• Alibag
• Revdanda
• Borli / Mandla
• Nandgaon
• Murud-Janjira
• Rajpuri
• Mandad
Operational ports statistics
For major
ports
2013-14 2014-15 2015-161 2016-171
Traffic handled
(lakh MT)
1,215.17 1,254.6 1147.03 1137.65
For minor
ports
2012-13 2013-14 2014-15 2015-161
Traffic handled
(lakh MT)
241.98 247.74 96.43
Not
available

2727MARCH 2017
As of August 2016, the state had a total installed power
generation capacity of 40,598.69 MW.
Thermal power contributed 29,922.19 MW to the total
installed power generation capacity, followed by
renewable power, hydropower and nuclear power with
contributions of 6,654.52 MW, 3,331.84 MW and 690.14
MW, respectively.
The private sector was the biggest contributor to the total
installed thermal power generation capacity in
Maharashtra with a capacity of 19,257.39 MW, followed
by 14,314.97 MW under state utilities and 7,026.33 MW
under central utilities.
The state government also proposed a new scheme for
improving electricity distribution system in the state. As
per the budget 2016-17, an investment of US$ 45.98
million has been projected by the government for this new
scheme.
In order to intensify the capacity of renewable energy
sources in the state, the state government has professed
a new energy policy, for which an investment of US$
69.66 million has been proposed.
Installed power capacity (MW)
PHYSICAL INFRASTRUCTURE – POWER
22,645
26,142
30,354
34,005
16,813 40,589 40,598
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17(1)
Source: Central Electricity Authority
1Upto August 2016

2828MARCH 2017
According to Telecom Regulatory Authority of India (TRAI),
Maharashtra had 87.18 million wireless subscribers and 1.88
million wireline subscribers, as of October 2016.
By the end of October 2016, 16,668,483 subscribers had
submitted requests for mobile number portability in
Maharashtra. Moreover, the tele density in Maharashtra stood at
101.70% as of October 2016.
As of April 2016, the state recorded 202,269 new telephone
wireless connections of Tata, 4,979 new wireless connections of
Vodafone and 18,148 new wireless connections of Reliance.
PHYSICAL INFRASTRUCTURE – TELECOM
Telecom infrastructure (As of October 2016)
Wireless subscribers 87,183,302
Wireline subscribers 1,883,711
Internet subscribers 30,620,0001
Post offices 12,6012
Tele density (percent) 101.70
Source: Telecom Regulatory Authority of India, February 2015, India Post,
Ministry of Communications and Information Technology,
1As of September 2016
2As on December 2015
Major telecom operators in Maharashtra
Bharat Sanchar Nigam Limited (BSNL)
Mahanagar Telephone Nigam Limited (MTNL)
Bharti Airtel
Idea Cellular
Vodafone Essar
Reliance Communications
Tata Teleservices
Aircel Limited
Source: Telecom Regulatory Authority of India
Performance status of NOFN Project
(as of April 2016)
No. of GPs in phase-I 12,055
Pipe laid (km) 14,214
Cable laid (km) 10,906
GPs for which cable laid 4,771
No. of GPs lit 150

2929MARCH 2017
Source: Department of Environment, Government of Maharashtra,
JNNURM, Ministry of Urban Development
DEVELOPMENT PROJECTS: URBAN & SOCIAL INFRASTRUCTURE…(1/2)
Under JNNURM, 2 schemes, namely, Basic Services to Urban Poor (BSUP) & Integrated Housing & Slum Development
Programme (IHSDP) have been implemented by Maharashtra Housing & Area Development Authority.
During 2016-17, the state government allocated US$ 152.76 million for “Maharashtra Suvarn Jayanti Nagrothan Mahaabhiyan”,
which is being implemented in the state for creating basic urban amenities across various municipal councils & townships of the
state.
As of November 2015, Mahindra Life Space Developers Ltd bought a land in Maharashtra with the objective of developing a
housing project aiding urbanisation in the state. In addition, the Maharashtra government is considering to aid the affordable
housing concept with opening up of land parcels & plots that would lie under no development zones. For this, the government is
planning to constitute Housing for all by 2022 policy for the urban population.
As per under budget 2016-17, the state government has proposed an outlay of US$ 27.49 million in order to boost the
development of metro rail projects in Nagpur & Pune. Moreover, for Maharashtra Fire Safety Mission in the state, an amount of
US$ 4.58 million has been proposed by the state government.
Under the Accelerated Irrigation Benefit Program (AIBP), the Centre released the 2nd & the biggest instalment of US$ 111.01
million to the Maharashtra government, to speed up construction of 26 dams. The state is set to receive a total of US$ 51.94
million as a part of the AIBP, until 2020.
In March 2017, under the Prime Minister’s Irrigation Scheme, the government has allocated US$ 1.22 billion for the farmers, to
start numerous irrigation projects while representing the Budget 2017. Out of the total amount, a partial amount of US$ 418.27
million has been allocated for water resources.
Mother Dairy plans to revamp an old plant in Nagpur & set up a new plant in Bhiwandi with an investment of around US$ 22.31
million, in Maharashtra.

DEVELOPMENT PROJECTS: URBAN & SOCIAL INFRASTRUCTURE…(2/2)
Urban Infrastructure Projects under JNNURM
Project name
Amount
(US$
million)
Project name Amount
(US$
million)
Revised in BSUP scheme for construction of 219 Dus
in Panch Zopda and Gopal Nagar slums in Nagpur,
Maharashtra
1.76
Integrated Civic Infrastructure Development
Project (ICIDP) Phase. I, Nagpur, Maharashtra
20.04
BSUP scheme for construction of 279 Dus in Jat
Tarodi slum in Nagpur,. Maharashtra
2.06
Revised DPR for "Construction of 1,694 Houses
at four locations of Nagpur City for
Rehabilitation of Urban/Poor under JNNURM -
BSUP- PPP scheme - Nagpur".
19.36
Revised BSUP scheme for construction of 456 Dus in
5 slums of North Nagpur in Nagpur, Maharashtra. 2.53
Implementation of Integrated Housing Projects
(788 Dus) under BSUP at Nanded City. Dist.
Nanded, Maharashtra.
5.38
Gopal Nagar and Bh. Anand Kausalyayan Nagar
slums in Nagpur Maharashtra
4.45
Implementation of Integrated Housing projects
(958 Dus) under BSUP at Nanded City. Distt.
Nanded, Maharashtra
6.97
Savitribai Phule Nagar slum in Nagpur, Maharashtra
6.21
Implementation of Integrated Housing Projects
(1183 Dus) under BSUP at Nanded city. Dist.
Nanded, Maharashtra
8.87
Revised BSUP scheme for construction of 1017 Dus
in Indira Nagar, Indiramata Nagar, Wanjara and Bokar
nagar (4 slums) slums in Nagpur, Maharashtra
9.44
Implementation of Integrated Housing projects
(1567 Dus) under BSUP at Nanded City. Distt.
Nanded, Maharashtra
11.84
Source: Department of Environment, Government of Maharashtra,
JNNURM, Ministry of Urban Development

3131MARCH 2017
Project Name PPP type Sector Stage
Project Cost
(US$ million)
4 laning Pune - Shirur Road (BOT) Transport
Operation and
maintenance stage
16.04
Hydro Electric Power (Waghur) Project (BOT) Energy Under construction 1.10
Hydel Power (Vajra - III) Project (BOT) Energy
Operation and
maintenance stage
1.10
Hydro Electric Power (Urmodi) Project (BOT) Energy Under construction 2.20
Hydro Electric Power (Upper Vaitarna) Project (BOT) Energy Under construction 2.20
School Building (Waddhamna) Project (DBOOT)
Social and
commercial
infrastructure
Under construction 1.32
Hydro Electric Power (Temghar) Project (BOT) Energy Under construction 2.93
Water Supply Scheme (Tuljapur) (O&M) Water sanitation
Operation and
maintenance stage
7.61
Hydro Electric Power (Parseoni) Project -
Package 2
(BOT) Energy
Operation and
maintenance stage
3.23
Hydro Electric Power (Telbeila) Project (BOT) Energy Under construction 14.67
Source: DEA, Ministry of Finance, Government of India, BOT: Build-Operate-Transfer, DBOOT: Design-Build-
Own-Operate-Transfer, O&M: Management Contract
DEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE PARTNERSHIP (PPP)
PROJECTS

DEVELOPMENT PROJECTS: SEZs … (1/3)
Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone
Some of the operational SEZs in Maharashtra
Name/Developer Location Primary Industry
Maharashtra Airport Development Company Ltd. (MIHAN SEZ) Mihan, Nagpur Multi product
SEEPZ Special Economic Zone Mumbai Electronics and gems and jewellery
Maharashtra Industrial Development Corporation Aurangabad Engineering
Wipro Ltd. Maharashtra Computer/electronic software
Maharashtra Industrial Development Corporation Pune Computer/electronic software
Maharashtra Industrial Development Corporation Nanded Chemicals & pharmaceuticals
Khed Economic Infrastructure Pvt. Ltd. Pune Engineering & electronics
Maharashtra Industrial Development Corporation Satara Engineering
Navi Mumbai Special Economic Zone (NMSEZ) is the agency responsible for the supervision and execution of SEZs in the state.
As of July 2016, the state has 25 operational SEZs in the state across diversified sectors including textiles and apparel, food
processing, footwear and leather products, multi-product, pharma, IT SEZs, etc.

Some of the SEZs with formal approvals
Name/Developer Location Primary industry
Maharashtra Industrial Development Corporation Limited
MIDC
Pune IT/ITeS
Syntel International Private Limited Pune IT/ITeS
Serum Bio-pharma Park Pune Pharmaceuticals & biotechnology
Maharashtra Industrial Development Corporation Latur Agro-processing
Maharashtra Industrial Development Corporation Nanded Pharmaceuticals
Maharashtra Industrial Development Corporation Aurangabad Engineering & electronics
Wokhardt Infrastructure Development Limited Aurangabad Pharmaceutical
Hiranandani Builders Mumbai IT/ITeS
New Found Properties and Leasing Pvt. Ltd. Thane IT/ITeS
EON Kharadi Infrastructure Private Limited Pune IT/ITeS
In addition to operational SEZs, as of July 2016, Maharashtra had 9 SEZs with valid in-principle approvals, 59 SEZs with formal
approvals and 51 SEZs with notified approvals.
Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone

Some of the SEZs with valid in-principal approvals
Name/Developer Location Primary industry
Mumbai SEZ Limited Gujarat Positra Port Infrastructure Ltd Multi-product
Gitanjali Gems Limited Nanded, Maharashtra Gems and jewellery
ISPAT Industries Limited Raigad District, Maharashtra Multi-product
Gitanjali Gems Limited Aurangabad, Maharashtra Gems and jewellery
Gitanjali Gems Limited Nagpur, Maharashtra Multi-product
Maharashtra Airport Development Company Limited Nagpur, Maharashtra Power
Gitanjali Gems Limited Nashik, Maharashtra Multi-services
Redi Port Ltd. Post Redi, district Sindhudurg, Maharashtra FTWZ
Quippo Infrastructure Raigarh Maharashtra Engineering
Source: Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone

3535MARCH 2017
Education infrastructure (2015-16)
Institution
No. of
Institution
Student
Enrollment
Primary schools 105,489 16,017
Secondary and higher secondary
schools
25,013 6,414
Engineering colleges (diploma,
graduate and post-graduate)
1,093 346,515
Industrial training institutes (itis) 824 134,767
Architecture colleges 74 3,763
Arts, science, commerce & law
colleges
2,249 961,576
Pharmacy 486 29,371
During 2015-16, Maharashtra’s education infrastructure
comprised 21 universities, 105,489 primary schools, 25,013
secondary & higher secondary schools. Primary schools had
16,017 thousand students enrolled during the year, of which
7,509 thousand were girls, with 515 thousand teachers.
Secondary schools in the state had 6,414 thousand enrolled
students, of which 2,920 thousand were girls, with 221
thousand teachers. Government of Maharashtra is focusing
on education of girls in the state. Various schemes such as
Kasturba Gandhi Balika Vidyalaya, Ahilyabai Holkar Scheme
& Attendance Allowance Scheme have been introduced for
promoting girl education in the state.
As per budget 2016-17, the state government allocated an
amount of US$ 20.99 million for the “National Secondary
Education Mission” which was initiated by the central
government, in association with the state government, and
aims at delivering quality education to all students
undergoing secondary education. Further, the state
government also decided to digitise all public libraries
approved by the government, with an allocated amount of
US$ 2.62 million during 2016-17.
In addition, an outlay of US$ 113.04 million for Sarv Shiksha
Abhiyan has been proposed by the central & state
governments, collectively.
As of February 2017, a total of 18,225 schools had
completed their self assessments, which is the 1st stage of
the new accreditation system Shaala Siddhi 2016, adopted
by all states in India.
SOCIAL INFRASTRUCTURE – EDUCATION
Source: Economic Survey of Maharashtra, 2015-16, State Budget 2016-17
Census 2011
Literacy rate (%) in Maharashtra, 2015-16
Overall 82.3
Male 88.4 Urban 88.7
Female 69.9 Rural 77

SOCIAL INFRASTRUCTURE – HEALTH
Health infrastructure (2015-16(1))
State level hospitals 490
District hospitals 23
Mobile medical units 13
Sub-district hospitals with capacity of 50 beds 58
Sub-district hospitals with capacity of 100 beds 28
Community health centres 458
Rural hospitals/Cottage hospitals 360
Primary health centres 1,811
Sub-centres 10,580
General hospitals 4
Orthopedic hospital 1
Super specialty hospitals 2
Mental health institutes 4
Women hospitals 11
TB hospitals 4
Health and family welfare training institution 8
Source: Ministry of Health and Family Welfare, Government of India,
Economic Survey of Maharashtra, 2015-16
(1)Until Dec 2015
As per budget 2016-17, an outlay of US$ 237.39 million
has been proposed by the state government for Public
Health Department. Moreover, for increasing the
coverage of insurance being provided to beneficiaries in
the state, the state government proposed an allocation
of US$ 45.82 million during 2016-17.
Health indicators of Maharashtra
(As of September 2015)
Doctor to patient ratio 1: 27,790(1)
Registered doctors 148,575(1)
Birth rate (per thousand persons) 16.5
Death rate (per thousand persons) 6.2
Infant mortality rate (per thousand live births) 24
Life expectancy at birth (years) (2-15-16)
Male (2016-20) 69.9
Female (2016-20) 73.7

3737MARCH 2017
Cricket is the prominent sport in Maharashtra. Other popular sports are hockey & tennis.
The state has a number of sports stadiums located in Mumbai, Pune & Nagpur. The most well-known ones are the
Wankhede Stadium & the Brabourne Stadium in Mumbai, the Nehru Stadium in Pune & the Vidarbha Cricket Association
(VCA) Stadium in Nagpur.
The state has a number of entertainment centres & multiplexes. The most famous entertainment centres include Essel
World in Thane. The state is also home to almost all major multiplex chains in the country, including PVR Cinemas, Big
Cinemas & Fun Cinemas. The state has a number of religious places, including the Siddhi Vinayak temple (Mumbai), Shirdi,
Nasik & Sach Khand Shri Huzur Gurdwara (Nanded).
The Gateway of India, Ajanta Ellora caves, Daulatabad Fort & Khandala are the main tourist destinations in the state. The
Sahara Stadium in Pune has been built with modern outlook & state-of-the-art facilities; the stadium has a seating capacity
of 36,000.
In 2016, the state government formulated a new policy- "Maharashtra Tourism Policy 2016" & allocated US$ 43.53 million
for the policy in order to intensify basic amenities across various tourist spots in the state.
Under the New Sports Policy 2012, the Government of Maharashtra plans to set up public gyms at district sports complexes
or municipal gardens.
In November 2016, the state played host to Global Citizen Festival India, one of the biggest musical events in the country.
CULTURAL INFRASTRUCTURE
Source: Maharashtra Tourism, Government of Maharashtra

AMRUT AND SMART CITIES
Pune
Nashik
Aurangabad
Nagpur
Mumbai
Bhiwandi
Source: TechSci Research
Smart Cities in Maharashtra
Cities Population Area (sq. km)
Literacy
rate
Pune 9,429,408 15,643 86.15%
Greater Mumbai 12,478,447 603.40 89.73 %
Nagpur 4,653,570 9,892 88.39%
Nashik 6,107,187 15,530 82.31%
Aurangabad 3,701,282 10,107 79.02%
Amravati 646,801 270 92.07%
Navi Mumbai 1,119,477 163.00 89.62%
Kalyan-Dombivali 1,246,381 137.2 81.46%
Solapur 951,118 148.9 82.80%
Thane 1,818,872 147.00 89.41%
On the basis of population and the number of statutory towns, the Government of India shortlisted 10 cities, namely, Amravati,
Aurangabad, Greater Mumbai, Kalyan-Dombivali, Nagpur, Nashik, Navi Mumbai, Pune, Solapur & Thane under the Smart City project.
In November 2015, the UK government selected 2 cities of Maharashtra, that is, Pune & Amravati to develop as smart cities. The
agreement is expected to boost the Indo-UK trade.
As per budget 2016-17, the state government launched a scheme for smart city for delivering eco-friendly & ecological urban life to the
state’s citizens. Among the first selected 20 states, Pune & Solapur are also included. Moreover, the state government has also decided
to develop other 8 smart cities in the state as well.

3939MARCH 2017
The resources, policy incentives, infrastructure and climate support investments in the state. Maharashtra Agro Industries
Development Corporation, founded in 1965, is responsible for development of agro-based units in the state. MIDC is responsible for
the development of industrial infrastructure. Maharashtra Small Scale Industries Development Corporation was formed in 1962 to
provide new orientation and strength to the development of small-scale industries in the state. Its main objective is to aid, counsel,
assist, finance, protect and promote interests of small industries.
The Government of Maharashtra is promoting the development of several Special Economic Zones (SEZs) across Maharashtra for
sectors such as IT/ITeS, pharmaceuticals, biotechnology, textile, automotive & auto components, gems & jewellery and food
processing. Till July 2015, the state has 25 operational SEZs, of which the majority share is contributed by IT/ITeS, engineering and
electronics segment.
KEY INDUSTRIES
Key Industries in Maharashtra
• Pharmaceuticals
• Biotechnology
• IT and ITeS
• Electronics
• Engineering
• Auto & auto components
• Oil & gas
• Food & agro processing
• Gems and jewellery
• Banking, financial services and insurance (BFSI)
• Textiles
Source: Economic Survey 2015-16, MAIDC - Maharashtra Agro Industries
Development Corporation, (1)Up to September 2015
Establishment of MSME units
Year MSME units
Investment
(US$ million)
Employment
(lakh)
2007-08 10,244 348.46 1.39
2008-09 11,682 503.36 1.71
2009-10 11,896 462.57 1.50
2010-11 14,496 849.83 1.87
2011-12 15,606 678.74 2.07
2012-13 16,136 833.33 2.06
2013-14 19,814 971.28 2.48
2014-15 36,992 1,096.85 3.50
2015-16
(1)
20,220 624.81 1.66

FINANCIAL SECTOR…(1/7)
Banking and insurance contribution to GSDP
at current prices (in US$ billion)
18.06 18.83
23.98
26.96 25.86
26.93 28.95
2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Source: Maharashtra Economic Survey 2015-16, Reserve Bank of India
At current prices, the contribution of the banking and
insurance sector to the GSDP of the state increased at a
CAGR of 8.18% between 2008-09 and 2014-15.
At constant prices, the contribution of banking and
insurance sector in the GSDP of the state increased at a
CAGR of 4.57% between 2008-09 and 2014-15.
Banking and insurance contribution to GSDP
at constant prices (in US$ billion)
19.21 20.09
23.76
25.71
23.12 22.97 25.12
2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Deposits and credit of scheduled commercial
banks in Maharashtra by bank group
(January-March 2016)
Bank group
No. of
banking
offices
Deposits
(US$ million)
Credit
(US$ million)
Rural 3,199 9,444.50 8,068.62
Semi-urban 2,554 15,586.01 10,336.21
Urban 1,807 24,609.75 12,851.99
Total 7,560 49,640.25 31256.81
Source: Reserve Bank of India

FINANCIAL SECTOR…(2/7)
ATMs deployed in Maharashtra, June 2015
21,574
8,749 8,053
4,481
291
Total Public Sector
Banks
Private Sector
Banks
State Bank
Group
Foreign
Banks in India
19,099
6,811 7,502
4,473
313
Total Public Sector
Banks
Private Sector
Banks
State Bank
Group
Foreign
Banks in India
Source: Reserve Bank of India Source: Reserve Bank of India
23,321
9,449 8,920
4,683
269
Total Public Sector
Banks
Private Sector
Banks
State Bank
Group
Foreign Banks
in India
Source: Reserve Bank of India

FINANCIAL SECTOR …(3/7)
Scheduled commercial banks in Maharashtra
Reserve Bank of India (RBI) was founded in 1935 and is recognised as India's central banking
institution. RBI also controls the monetary policy of the Indian rupee. RBI is headquartered in
Mumbai, Maharashtra and has 19 regional offices and nine sub offices.
Monetary authority, supervision of the financial systems, foreign exchange management and
currency issuing are the major functions of the Reserve Bank of India.
Foundation year: 1956 (owned by Government of India)
Banking services: Credit cards, consumer banking, corporate banking, finance and insurance,
investment banking, mortgage loans, private banking, wealth management
Total assets: US$ 447.92 billion; Total income: US$ 12.54 billion ( H1 2015-16)
Headquarters & employees: Headquartered in Mumbai with over 300,000 employees
Website: www.sbi.co.in
Foundation year: 1906 (state owned commercial bank)
Banking services: Commercial banking, retail banking, private banking, asset management,
mortgages, credit cards
Total assets: US$ 103.73 billion; Total income: US$ 6.94 billion (2015-16)
Headquarters & infrastructure: Bank is based in Mumbai with over 4,500 branches and over
1,000 ATMs all over India
Website: www.bankofindia.com
Reserve Bank of India
State Bank of India
Bank of India
Source: Reserve Bank of India, Bank websites

Foundation year: 1919 (owned by Government of India)
Banking services: Consumer banking, corporate banking, finance and insurance, investment
banking, mortgage loans, private banking, private equity, wealth management, agriculture loan
Headquarters & Employees: Bank is based in Mumbai with over 28,000 employees and more
than 4,000 ATMs
Website: www.unionbankofindia.co.in
Foundation year: 1935 (the bank has the largest network of branches in Maharashtra and is a
public sector bank)
Banking services: Loans, credit cards, savings, investment vehicles, insurance, investment
banking, mortgage loans, private banking etc.
Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with
2,000 branches in 29 states
Website: www.bankofmaharashtra.in
Foundation year: 1911 (one of oldest commercial banks owned by the government)
Banking services: Core banking services are loans, credit cards, savings, investment vehicles,
and insurance, investment banking, mortgage loans, private banking etc.
Headquarters & infrastructure: Headquartered in Mumbai with over 4,000 branches in 27 Indian
states and 270 extension counters
Website: www.centralbankofindia.co.in
Union Bank of India
Bank of Maharashtra
Central Bank of India

Foundation year: 1938
Banking services: Investment banking, consumer banking, commercial banking, retail banking,
private banking, asset management, pensions, mortgages, credit cards
Total assets: US$ 21.55 billion; Total income: US$ 1.29 billion (nine months ending December
2015)
Headquarters & infrastructure: Bank is based in Mumbai, with over 1,400 branches and more
than 100 ATMs
Website: www.denabank.com
Banking services: Corporate and institutional banking, commercial banking, investment banking,
retail banking, finance marketing
Headquarters & Infrastructure: Bank is based in Mumbai, with more than 550 branches and
1,255 ATM’s
Website: www.yesbank.in
Banking services: Private and business banking, corporate banking and securities, global
transaction banking and asset & wealth management
Headquarters & employees: Bank is based in Mumbai, with more than 9,500 employees in 16
cities
Website: www.db.com/india
Dena Bank
Yes Bank
Deutsche Bank India

Banking services: Credit cards, debit cards, loans, investments, NRI banking and private baking
Headquarters & employees: Bank is based in Mumbai, with over 7,500 employees. The bank
has 44 branches in 31 cities and 700 ATMs across the country
Website: www.Citibank.co.in
Banking services: Investment banking, investment management, wealth management, private
banking, corporate banking, private equity, finance and insurance, consumer banking,
mortgages, credit cards
Total assets: US$ 97.96 billion; Total income: US$ 5.28 billion (H1 2015-16)
Headquarters & employees: Bank is based in Mumbai, with more than 69,065 employees
Website: www.hdfcbank.com
Foundation year: 1964 (10th largest bank in the world)
Banking services: Consumer banking, corporate banking, finance and insurance, investment
banking, mortgage loans, private banking, private equity, wealth management, agriculture loan
Total assets: US$ 59.05 billion Total income: US$ 4.80 billion (2015-16)
Headquarters & infrastructure: Bank is based in Mumbai with over 15,000 employees and 2,000
ATMs.
Website: www.idbi.com
Citibank India
HDFC Bank
IDBI Bank

Banking services: Credit cards, consumer banking, corporate banking, finance and insurance,
private banking
Headquarters & employees: Bank is based in Mumbai, with over 67,857 employees.
Website: www.icicibank.com
ICICI Bank

MUMBAI AS FINANCIAL HUB OF INDIA…(1/2)
Mumbai is the capital of the state of Maharashtra and the financial capital of India. The city houses a majority of the headquarters of
large corporates and financial institutions in the country. In addition, major stock exchanges, commodity exchanges and capital
markets of India are situated in Mumbai. During 2014-15, Mumbai accounted for 22.7% of the state income of Maharashtra. Till
September 2015, the number of micro, small and medium enterprises (MSMEs) in Mumbai totalled 244,000, providing employment to
about 292,000 thousand individuals.
According to Maharashtra Industrial Development Corporation (MIDC), there are 305 industrial units in Mumbai. About US$ 648
million has been invested by the corporation for various projects in Mumbai, providing employment to about 50,000 people in the area.
Source: Maharashtra Economic Survey 2015-16; Jawaharlal Nehru Port Trust
The government has also commenced work for setting up a special economic zone (SEZ) in Nhava Sheva, Navi Mumbai. The project
is being developed by Jawaharlal Nehru Port Trust (JNPT) and is planned by L&T Infrastructure Engineering Limited. The project will
be developed on EPC mode with a total expected private investment of about US$ 534.68 million. The zone is being developed on
277.38 hectares of land and is directly accessible via Mumbai Goa Highway- NH4B and SH 54. It is expected to generate direct and
indirect employment opportunities for about 150 thousand people. The project was granted environmental clearance on 5th December,
2014. L&T Infrastructure Engineering submitted detailed plans for the project to the government on 31st March, 2015. Since then,
activities such as levelling of the area and initiation of tender process for the wall protecting the SEZ (Phase-1) have commenced.

MUMBAI AS FINANCIAL HUB OF INDIA…(2/2)
Further, the Government is setting up the Delhi-Mumbai Industrial Corridor (DMIC) with the help of the Government of Japan,
which has agreed to lend US$ 4.5 billion for this project. Seven nodes are in the development stage for the Phase-1 of the
project, which is expected to greatly boost India’s manufacturing sector.
The Government of Maharashtra sent a memorandum to the 13th Finance Commission to support the growth of Mumbai’s
infrastructure and develop it as an international finance centre.
In addition to providing US$ 1.59 million to the Government of Maharashtra for developing the infrastructure of Mumbai as a part
of (JNNURM), the Government of India has released US$ 26.63 million for the funding of Mumbai Metro to improve the transport
infrastructure of Mumbai.
In November 2015, apex industry body ASSOCHAM launched Maharashtra-Goa Regional Development Council, with an aim to
develop Mumbai as International Finance Centre and Mumbai-Pune-Nashik region as the Silicon Valley of India. The Council is
expected to aid sustainability of two major states.
The Mumbai Metro Rail Phase II A, from Dahisar to D.N. Nagar covering 18.6 km with project cost of US$ 979.22 million,
commenced in February-2016 and is likely to be completed by March 2019. Phase III of the project, Colaba-Bandra-Seepz
covering 33.5 km with a project cost US$ 3534.37 million is expected to be completed by 2020-21. General consultant has been
appointed and tendering for civil work is in progress for this phase.
Preliminary work is in progress for the Mumbai Trans – Harbour link and Multi-Modal Corridor from Virar to Alibaug. Work on the
projects commenced in 2011 & 2010 and are expected to be completed by 2021 & 2019, respectively. As of October 2015,
expenditure of US$ 1. 21 million and US$ 1 million, respectively, was incurred.
Source: Maharashtra Economic Survey 2015-16

KEY INDUSTRIES – PHARMACEUTICALS AND BIOTECHNOLOGY … (1/3)
Major opportunities have emerged in the pharmaceutical
sector, primarily in the areas of contract research, contract
manufacturing and clinical trials.
The state has a well developed laboratory, research and
development infrastructure and a strong resource pool. As of
August 2015, one of the leading pharmaceutical companies
Nutra Plus started the commercial production of therapeutic
and analgesic products in its Tarapur plant.
The Maharashtra state government aims at giving a boost to
the pharmaceutical sector in the state and improve research
activities with development of skilled man power. Hence, the
government plans to establish National Institute of Pharmacy
Education and Research at Nagpur during 2015-16. In
September 2015, A2Care, one of the leading pharmaceutical
companies, announced plans to invest in Maharashtra under
the Make in Maharashtra programme.
From August 1991 to October 2015, a total of 854 projects
with an investment of US$ 2448.5 million have been
approved for the pharmaceutical industry in the state. Of
these 496 projects with investment of US$ 663.15 million
have commenced.
Source: Maharashtra Industrial Development Corporation
MSME: Micro, small and medium enterprises

Economic Survey 2015-16
Biotechnology & Pharmaceutical SEZs in Maharashtra
Sector Status
Serum Bio-Pharma Park Pharmaceuticals & Biotechnology Formal approval granted
Maharashtra Industrial Development Corporation Pharmaceuticals Formal approval granted
Wockhardt Infrastructure Development Limited Pharmaceuticals Formal approval granted
Mahindra and Mahindra Limited Biotechnology Formal approval granted
International Biotech Park Ltd Biotechnology Formal approval granted
Inspira Infra (Aurangabad) Ltd. (formally Ajanta Project (India) Ltd.) Pharmaceuticals Formal approval granted
Inspira Infra (Aurangabad) Ltd. (formally Ajanta Project (India) Ltd.) Biotechnology Formal approval granted
Saloni Business Park Private Limited Biotechnology Formal approval granted
Veritas Infrastructure Development Limited Biotechnology Formal approval granted
SEZ Bio-Tech Services Private Limited Biotechnology Formal approval granted
Registered BT units
BT units
Total units Investment (US$ million) Employment
Registered LOI Registered LOI Registered LOI
MSME 50 15 43.3 29.8 872 338
Large 16 7 185.8 88.1 712 931

Key players
GlaxoSmithkline
Pharmaceuticals Ltd
Cipla Ltd
• GlaxoSmithkline Pharmaceuticals, established in 1924, is one of the oldest players in the Indian
pharmaceuticals industry. In 2015-16, the company earned US$ 422.91 million in revenues. The
company produces medicines that treat major diseases such as asthma, virus control,
infections, mental health, diabetes and digestive conditions. The company is also a leader in the
important areas of vaccines and is developing new treatments for cancer.
• Cipla is one of the major Indian companies in the pharmaceuticals sector, with total income
from operations in 2015-16 valued at US$ 2.08 billion It is also one of the oldest players in the
sector. The company has manufacturing units at Vikhroli (Mumbai) and Patalganga.
Wockhardt Ltd
• Wockhardt, headquartered in Mumbai, is a major player in the integrated healthcare segment.
The company’s market presence covers formulations, biopharmaceuticals, nutrition products,
vaccines and Active Pharmaceutical Ingredients (APIs). The company’s total income from
operations stood at US$ 339.86 million in 2015-16.
• Wockhardt has set up a global scale biopharmaceuticals manufacturing park, the Wockhardt
Biotech Park, in Aurangabad. This state-of-the-art complex comprises six dedicated
manufacturing facilities, and is designed according to USFDA and EMEA standards.
Lupin Ltd • Lupin is one of the significant players and primarily derives its revenue from formulations. Total
net sales of the company in 2015-16 were valued at about US$ 2.09 billion. The company has
manufacturing plants at Tarapur and Aurangabad. The company is waiting for an approval from
the Food and Drugs Authority to start commercial operations in Mihan-SEZ, Nagpur.
USFDA: US Food and Drug Administration, EMEA: Europe, The Middle East and Africa

KEY INDUSTRIES – IT/ITeS AND ELECTRONICS … (1/4)
News Articles
IT is one of the top notch sectors in the state, with maximum
thrust, development and investment.
Over 2014-15, Maharashtra accounted for around 30% of the
country’s software exports with the help of 1,200 software units
present in the state.
The Government of Maharashtra is focusing on providing IT-
related infrastructure, fiscal incentives to IT units and an
institutional framework for the IT sector. The prime IT/ITeS clusters
are in Greater Mumbai, Pune, Thane, and Nasik. Pune is the
leader in Business Process Outsourcing (BPO) services.
During 2015-16, the Directorate of Information Technology made 156 online services available through “Aaple Sarkar” portal under
the Maharashtra Public Services Rights Act, 2015.
During 2016, Government of Maharashtra came up with a new policy - “Electronics Policy 2016”, which aims at achieving a turnover
of US$ 12 billion for the ESDM industry and is assisting in targeted expansion of ESDM sector to cross US$ 2 billion, through 2020.
The government has launched WiFi services, which will connect 500 hotspots across Mumbai, under the smart city project. By May
2018, the government is planning to extend the free WiFi services across 1200 hotspots.
Source: Economic Survey 2015-16
Investment in science, technology and
environment sector in Maharashtra
Year Cost (outlay) US$ million
2011-12 6.19
2012-13 4.42
2013-14 5.64
2014-15 9.47
2015-16 10.23

During 2015-16, Maharashtra Industrial Development Corporation
(MIDC), CIDCO and Software Technology Park of India cumulatively
developed 37 public IT parks and approved 472 IT parks. Of the total
472 IT parks, 160 parks are already operational with an overall
investment of US$ 556.37 million and US$ 1,369.08 million has been
proposed for the remaining 312 IT park projects that are in the
processing phase.
Source: Maharashtra Industrial Development CorporationSource: Economic Survey 2015-16
Prominent information technology parks in Maharashtra
District Number of IT parks (2015-16)
Pune 172
Greater Mumbai 158
Thane 129
Nagpur 5
Nashik 4
Aurangabad 3
Wardha 1
Total 472
Prominent information technology parks in
Maharashtra
Talawade IT Park, Dehu-Moshi Road, Pune.
Millennium Business Park (MBP), Navi Mumbai
Hinjewadi IT Park Phase I, Hinjewadi, Pune
Hinjewadi IT Park Phase II, Hinjewadi, Pune
Kolhapur IT Park, Kolhapur
Sangli IT Park, Vishrambag, Sangli
Nagpur IT Park, Nagpur
Deogiri Infotech Park, Aurangabad
Kharadi IT Park, Kharadi, Pune

News articles
Government initiatives
Additional floor space index for IT parks and recreational, residential and other support facilities would be provided.
Eligible IT-ITeS units covered under the Package Scheme of Incentives (PSI) would be exempted from the payment of electricity duty.
IT units would be supplied with power at industrial rates.
Property tax shall be levied on IT/ITeS units at par with residential rates.
VAT on the sale of IT products would be generally charged at a minimum floor rate.
Developement of Mumbai-Pune-Nashik as Silicon valley of India, that is, an IT innovation hub under Maharashtra-Goa Regional Development
Council

Key players
Accenture
IBM
• Accenture is a global management consulting, technology services and outsourcing company,
with around 259,000 people serving clients in more than 120 countries. The company has
several development centres across India.
• It has major operating centres in Mumbai and Pune. In 2014-15 (for the twelve months ending
Aug 2015), the company earned revenues of US$ 32.91 billion.
• IBM is one of the biggest IT solutions and product firms having presence across the globe.
• The company has a significant presence in India, with centres in Pune. In 2014, it recorded
revenues of US$ 92.79 billion.
Capgemini
• Capgemini is a global IT major headquartered in Paris, France, and operates in more than 40
countries. The company generated revenues of US$ 11.50 billion in 2014 and US$ 5.29 billion
in H1 2015. The company provides solutions across all verticals in the industry. It has software
centres in Mumbai, Navi Mumbai and Pune. In February 2014, the company opened a new
facility at Pune with a seating capacity of 2,800 persons, adding to the 4,000 people it employs
at its Pune campus. It is also looking to increase its workforce in the state.
Infosys Technologies
Ltd
• Infosys is a well-known IT giant, with development centres across India. The company
generated revenues of US$ 8.711 billion in 2014-15 and US$ 4.64 billion in H1 2015-16
• The company has a development centre at Wakad, Pune, and also a BPO centre in the city.
• Infosys has been allotted land in Mihan-SEZ, Nagpur, and was expected to start construction
work in July 2014. In the first phase the company will invest US$ 78.8 million to accommodate
5,000 software professionals.

5656MARCH 2017
Maharashtra occupies an important place in both the production and export of engineering goods from the country.
The engineering industry in the state is highly diversified and produces a large range of machine parts, from industrial
machinery to industrial castings and forgings.
The industry, which was initially concentrated in the Mumbai-Pune belt, has spread all over the state with the major
production centres in Nagpur, Aurangabad, Nasik and Kolhapur.
The major engineering items of production and export in Maharashtra are textile mill machinery, machinery for sugar,
cement and chemical plants, food processing machinery, construction machinery, tractors, electric power machinery,
transmission line towers, automobiles and ship building.
BHEL is setting up a new power equipment fabrication plant at Bhandara in the Vidharba region of Maharashtra. The
greenfield unit is being set up by the company with an initial investment of US$ 92 million and will provide direct employment
to about 700 people. It is setting up a silicon solar cell at Sakoli in the Bhandara district and also plans to set up a solar
photo-voltaic cell unit in the state. As of May 2015, the plant is in construction stage.
KEY INDUSTRIES – ENGINEERING … (1/2)

KEY INDUSTRIES – ENGINEERING … (2/2)
Key players
Larsen & Toubro
Ltd (L&T)
Greaves Cotton Ltd
• Larsen & Toubro Limited (L&T) is a diversified Indian conglomerate with interests in engineering
and construction. The company earned US$ 6.81 billion in revenues during H1 2015-16.
• L&T is one of the oldest running companies with headquarters in Mumbai. The company has
manufacturing facilities at Mumbai and Ahmednagar.
• Greaves Cotton is one of the oldest and well-diversified engineering companies in India.
• Its core products include diesel/petrol engines, pump sets, construction equipment and gensets.
• The company has manufacturing facilities at Chakan, Chinchwad, Chikalthana, Shendra and
Waluj. The company earned US$ 247.31 million in revenues in 2015-16.
Siemens Group
• Siemens Group is a leading inventor, innovator and implementer of leading-edge technology-
enabled solutions operating in the core business segments of industry, energy and healthcare.
The company is based in Navi Mumbai. In 2013-14 (October 2013 to September 2014),
Siemens India earned US$ 1.76 billion as total income from operations and US$ 1.19 billion
during the first 9 months of 2014-15 (till June 2015)
ABB
• ABB is one of the leading engineering companies in the world. The ABB group operates in
around 100 countries and employs about 130,000 people. The company offers an extensive
array of products and services within power and automation technologies. ABB operations in
India include 12 manufacturing facilities, with over 10,355 employees. The company has a
manufacturing facility in Mumbai. In 2014-15, ABB India Ltd earned revenues of US$ 1.28 billion
from operations on standalone basis and US$ 948.08 million during the first nine months of
2015.

KEY INDUSTRIES – TEXTILES … (1/2)
Maharashtra contributes about 11.4% to India’s textiles and apparels
output. Maharashtra is the largest cotton producer in India with
largest area under cultivation for cotton, that is, 3,827 thousand
hectares during 2015-16. The textile industry is the largest employer
in Maharashtra and contributes around 28% to India's total exports.
Textile parks, aimed to provide world-class infrastructural
components for the textile sector and enhance productive capacity,
are being set up in Maharashtra to maintain its leadership position in
textile exports and production.
Some of the textile parks are the Nardhana Textile Park in Dhule,
Butibori (Nagpur) Textile Park and Ambernath Textile Park. As
announced in May 2015, the state government plans to set up 8 new
textile parks in the state.
As per budget 2016-17, the state government is aiming at setting up
new textile units across the state’s cotton growing areas. Moreover,
the government has also proposed an investment of US$ 40.48
million during 2016-17, for the existing and upcoming textile projects
across Vidharbha, Norhern Maharashtra and Marathwada.
The Government of Maharashtra is planning to set up a garment
park in Solapur, with an investment of US$ 44.62 million to generate
employment in the surrounding areas.
Source: Central Silk Board
Note: 2015-16(1) : Till May 2016
Source: Economic Survey, 2014-15
2015-16 (cotton production) - estimated
Cotton (lint) production in Maharashtra (million bales)
7.74
6.82 6.79
8.83
6.82
4.20
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Raw silk production (in tonnes)
Year Volume
2012-13 97
2013-14 122
2014-15 221
2015-16 274
2016-17(1) 20

KEY INDUSTRIES – TEXTILES … (2/2)
Key players
Raymond
Bombay Dyeing
• Raymond was incorporated in 1925 and is a leading Indian textile major. The company is part of
global conglomerate Raymond Group. It generated revenues of US$ 438.86 million in 2014-15
and US$ 408.4 million between April-September 2015.
• Raymond was the first in 1959 to introduce a polywool blend in India to creating the world's finest
suiting fabric – the Super 240s – made from superfine 11.6 micron wool.
• The Bombay Dyeing and Manufacturing Company Limited’s textile products include bedding
range, bedding accessories, bath linen, hotel linen and industrial fabrics.
• Product range also consists of bed sheets, bed covers, quilts, duvet covers, dohars, bed in bag
sets, blankets, pillow cases, cushion covers, shams, cushions, pillows and bed decor sets, pool
towels, bath towels, hand towels and face towels. The company generated revenues of US$
303.74 million in 2015-16.
S. Kumars’ • S. Kumars’ is one of India's leading textile and apparel companies. With expertise in multi-fibre
manufacturing, the company has extended its presence in multiple product categories from
fabrics to apparels and home textiles. Its brands include Reid & Taylor, Belmonte, S.Kumars,
Uniformity By Belmonte, Carmichael House and Stephens Brothers.
Siyaram’s
• Siyaram Silk Mills, incorporated in 1978, is a leading producer of blended fabrics in India.
• The company is one of the most renowned vertically integrated textile companies in the country.
It operates the widest range of latest machinery in its eco-friendly plants at Tarapur, Daman and
Mumbai. The company earned US$ 247.75 million in revenues in 2015-16.

6060MARCH 2017
Maharashtra has a strong presence in the petrochemicals, and oil and
gas sectors. Mumbai, Nagothane, Rabale and Patalganga are major
petrochemical hubs, while Thane, Mumbai, Pune and Wardha are
chemical hubs.
Opportunities primarily exist in the areas of polymers & plastics,
fertilisers and synthetic yarns. Key competitive strengths of the state in
this industry are the strong upstream and downstream linkages for raw
materials and products. Bombay High accounts for over 50% of the
country's oil & gas production. In August 2015, Indraprastha Gas Ltd
invested US$ 31.51 million in Maharashtra Natural Gas Ltd (MNGL). The
purpose of the investment is to enhance the city gas distribution
business of the company in Maharashtra.
As of August 2015, the state government announced plans to establish a
grid-connected canal top solar power project in the state at Jalgaon. The
project will feature a 7.5 MW solar photovoltaic power plant which will be
established on the left bank canal of the dam. As per the new energy
policy of the state, the government is planning to establish 14,400 MW of
fresh grid-connected capacity by 2019-20.
As on March 2016, the state had an installed capacity of 29954.19 MW
under Thermal energy; 690.14 MW under Nuclear energy; 3331.84 MW
under Hydro and 6613.29 MW under Renewable energy sources.
KEY INDUSTRIES – CHEMICALS, OIL AND GAS, ENERGY … (1/2)
Source: Commissionerate of Agriculture, GoM,
Economic Survey 2015-16
Use of chemical fertilisers in Maharashtra
Year
Total input
(‘000 tonnes)
Per hectare
consumption (kg)
2011-12 65.8 155.2
2012-13 54.7 116.1
2013-14 59.9 119.4
2014-15 60.13 125.9
2015-16 58.25 107.0
Under the State Budget 2016-17 the government has
planned an investment of US$ 119.77 million for
electricity generation projects. Outlay of UD$ 69.66
million has been set for adding capacity under non-
conventional energy sources.

KEY INDUSTRIES – CHEMICALS, OIL AND GAS, ENERGY … (2/2)
Key players
Oil and Natural Gas Corp
Hindustan Petroleum
Corp Ltd
• Oil and Natural Gas Corporation ranks as one of the leading oil and gas Exploration and Production
(E&P) companies in the world in the terms of asset value. The company’s consolidated revenue from
operations stood at US$ 12 billion in 2015-16. The company has a production facility at Uran (Navi
Mumbai) and the corporate office is in Mumbai. It plans to invest US$ 810 million to build a new gas
based fertiliser plant and it would invest US$ 945.6 million for redevelopment of its Mumbai High
(North) oil and gas field in the state of Maharashtra.
• Hindustan Petroleum Corporation Limited (HPCL) is one of the Navratna Public Sector Units (PSUs).
It is a major refining and oil retailing company in India. HPCL’s standalone total income was US$
28.57 billion in 2015-16. It has an oil refining unit on Mumbai’s west coast.
Bharat Petroleum Corp Ltd • Bharat Petroleum Corporation Limited (BPCL) is engaged in the marketing and distribution, refining,
trading and exploration of petroleum. The company’s standalone revenues stood at US$ 16.33
billion between April 2015-September 2015. BPCL has a refinery in Mumbai.
Reliance Industries Ltd • Reliance Industries Limited, is the largest private sector firm in India and ranks 99th on the Fortune
500 list based on revenues. The company’s standalone revenues was US$ 45.23 billion for 2015-16.
The company has diversified interests in energy, retail, textiles, petrochemicals, infotel and SEZs.
Reliance Industries Limited has manufacturing facilities at Nagothane, Nagpur and Pathalganga in
Maharashtra.

KEY INDUSTRIES – AUTO AND AUTO COMPONENTS … (1/3)
Maharashtra accounts for approximately 35.1% of the
country’s output of automobiles by value.
The major automobile centres in the state include Pune,
Nasik, Aurangabad and Nagpur.
Pune is the largest auto hub of India with over 4,000
manufacturing units in the Pimpri-Chinchwad region
alone. Pune is home to large players like Bajaj Auto
Limited, Daimler Chrysler Limited, Tata Motors, etc.
Nasik is home to one of India's largest multi-utility
vehicle manufacturers – Mahindra & Mahindra Limited.
In September 2015, Maharashtra government received
an application from Mercedes Benz, regarding an
investment plan of US$ 305.53 million to upgrade its
manufacturing capacity at Pune plant, which
manufactures around 40,000 to 80,000 units of luxury
cars per year.
The domestic utility maker Mahindra has been planning
to invest US$ 1.22 billion for enlarging its automotive or
manufacturing plants in Maharashtra. Investment of US$
992.98 million will be made at the company’s Nashik
plant and while, investment of US$ 229.15 million would
be done in the Chakan unit. The total amount will be
invested by Mahindra over a span of more than seven
years.
Automotive hubs in Maharashtra
As of August 2016, Mahindra Intertrade, a part of Mahindra
Group entered into a partnership with MSTC, a Government
of India enterprise, to set up the country's first auto
shredding and vehicle recycling unit. Gujarat and
Maharastra have been short listed for setting up the facility,
with the operations likely to commence by early 2018.

As of July 2015, the Maharashtra state government
announced plans to finalise the deal with Chrysler for
setting up a jeep production facility at Ranjangaon in
Aurangabad. The overall investment expected in the
first year is US$ 281.88 million and US$ 563.69 million
is to be invested over the next six years.
ARAI, India's premier automotive R&D, testing and
certification organisation is in Pune. It is India’s first
Auto Cluster Development and Research Institute is in
Maharashtra.
Investment opportunities in the auto sector
Partnership and alliances for auto component
sector
Vehicle retailing
Low cost vehicles
Cvs to benefit from increasing infrastructure activity and
heightened international interest
Diversification in two wheeler segment
Design centers
Auto financing
R&D
Source: Economic Survey, 2015-16, ARAI - Automotive Research Association of India
Note: 2016(1): till January 2016
Category wise numbers of a few categories of motor vehicles on the road in Maharashtra
Vehicle Type 2015 2016(1)
Motor-cycles, scooters & mopeds 18,151,386 19,705,511
Taxi cabs 203,180 217,062
Auto rickshaws 719,341 724,080
Ambulances 13,625 14,295
School buses 27,046 22,402
Private service vehicles 11,163 11,640

Key players
Bajaj Auto Ltd
Tata Motors Ltd
• Bajaj Auto is a major Indian automobile manufacturer. The company is the world's fourth-largest two- and
three-wheeler manufacturer with turnover of US$ 3.46 billion in 2015-16. The company manufactures and
exports scooters, motorcycles and auto rickshaws. The company is based in Pune with a regional office at
Akurdi and manufacturing plants in Chakan (Pune, manufactures motorcycles) and Waluj (near
Aurangabad, manufactures motorcycles and three-wheelers).
• Tata Motors Limited is a multinational corporation headquartered in Mumbai, India. It acquired British
automotive brands Jaguar and Land Rover in 2008. The company is the world’s fourth-largest truck and
bus manufacturer. Net revenue of the company was US$ 12.32 billion in 2015-16.
• The company has an auto manufacturing and assembly unit at Pune. The Pune unit is spread over two
geographical regions – Pimpri (800 acres) and Chinchwad (130 acres).
Force Motors Ltd • Formerly known as Bajaj Tempo, Force Motors is a part of Firodia Enterprise that manufactures Multi
Utility Vehicles (MUVs), tractors, Sports Utility Vehicles (SUVs) and Light Commercial Vehicles (LCVs).
• Matador was a popular LCV manufactured by Force Motors. The company has a manufacturing unit in
Pune. The company generated consolidated income of US$ 467 million in 2015-16.
Mahindra and Mahindra
Ltd
• Mahindra and Mahindra is one of the major auto manufacturers of India. The company generated US$
17.75 billion of income from operations in 2015-16.
• The company’s products include tractors, SUVs and LCVs. It has manufacturing facilities at Mumbai, Pune,
Nagpur and Nasik.

KEY INDUSTRIES – TOURISM … (1/2)
Maharashtra is a major trade and tourist destination of India, attracting
thousands of tourists from across the world every year. It is the fourth
most visited state of India.
There are many temples in Maharashtra, some of them being hundreds of
years old, constructed in a fusion of architectural styles borrowed from
north and south India. Maharashtra has its own folk music. Folk musical
programmes, such as Gondhal, Lavani, Bharud and Powada, are popular,
especially in rural areas.
The state is home to the Hindi film industry Bollywood, which produces
the largest number of films globally. Maharashtra has a score of
pilgrimage destinations, ranging from the ones that revolve around
mythology (e.g., Nasik; Warkar and Pune) and those celebrating the
achievements of religious leaders and reformers (Shirdi, Haji Ali shrine) to
new age pilgrimage destinations such as the Osho Commune at Pune.
Tourist arrivals in Maharashtra (million)
Nasik is one of the four sites of the Kumbh Mela, which is held once in every 12 years. The city is known as the place where Lord
Ram spent 14 years in exile. Maharashtra is the first state to declare a tourism district for tourism development. Sindhudurg is the
first district in Maharashtra to be declared as a tourism district.
The state has launched Unlimited Maharashtra advertising campaign through newspapers and television channels to attract
tourists during summer vacations. A half-hour ferry ride across Mumbai harbor takes visitors to view the superbly carved 1,300
years old cave temple on the little island of Elephanta, a favourite picnic spot.
Source: Ministry of Tourism, Government of India
77.50
86.85
98.50
107.81
2012-13 2013-14 2014-15 2015-16

KEY INDUSTRIES – TOURISM … (2/2)
In 2014-15, 94.12 million domestic tourists and 4.38 million foreign tourists visited the state of Maharashtra, whereas, in 2013-14,
82.7 million domestic tourists and 4.15 million foreign tourists visited Maharashtra. During 2015, 103.43 million domestic tourists
and 4.31 million foreign tourists visited the state of Maharashtra.
In 2016, the Government of Maharashtra formulated a new policy on Tourism- ‘Maharashtra Tourism Policy 2016,’ which aims at
minimizing delays as well as replication of redundancies & information and enhancing the application process efficiency. An
amount of US$ 43.53 million was allocated by the government to boost basic amenities being provided across tourist spots.
As per 2016-17 budget, the state government announced the following plans :
➢ Aurangabad has been affirmed as a tourist district in the state and the government has decided to offer special attention
towards the uplifting of tourism in Verul, Sulibhanjan, Mhaismal and Khultabad.
➢ The state government is also undergoing various steps for improving safety measures across the beaches for ensuring
security of people.

EMPLOYMENT OPPORTUNITIES & EMPOWERMENT
Till October 2015, a total of 454 mega projects were sanctioned by the state government with an outlay of US$ 54.18 billion. Due
to these projects, employment opportunities for a total of 3.88 lakh people are expected to be created.
Further, a total employment of 1.66 lakh has been recorded across 20,220 MSMEs with an investment of US$ 624.80 million till
September 2016.
As per budget 2016-17, for upgradation of State Employment Guarantee Scheme and Mahatma Gandhi Rural Employment
Scheme in the state, the Government of Maharashtra has projected an outlay of US$ 12.22 million, of which US$ 422.95 million
is towards the central share and US$ 107.69 million is towards the state share. These schemes are being executed in the state
for providing the required job opportunities across rural areas.
Source: State Budge 2016-17, Economic Survey, 2015-16

6868MARCH 2017
The Government of Maharashtra provides single-window clearance to all units to reduce the average time required for
establishment of such units and issue various clearances required for setting up of industries at a single point. The
government has taken following steps for setting up committees at various levels:
District-level committee under the chairmanship of the District Collector for proposals from SSI units.
State-level committee under the chairmanship of Development Commissioner (Industries) for MSI/LSI units.
Mega projects committee under the chairmanship of Secretary (Industries) for mega projects and FDI proposals.
A Common Application Form (CAF) to be evolved for every applicant seeking to set up an industry and/or expansion unit
and development of information system/software to process such applications online.
Representatives of the concerned departments from whom the clearances are required to be the members of or invitees on
the district, state and mega projects committees. The final decision will be given as far as possible within 30 days of receipt
of dully filled CAFs.
In order to provide the people of state with one stop portal for information, services and consents electronically under
Industrial Policy 2013, the government is focussing on provisions for SWC system.
SINGLE–WINDOW CLEARANCE MECHANISM… (1/3)

Agency Description
MIDC services
Land Department- Services
Fire Department- Services
Engineering - Water Department- Services
Engineering - Drainage Department- Services
Engineering - Power Department- Services
SPA Department- Services
Technical Advisor Department- Services
IT SEZ Department- Services
Non-MIDC services
Directorate of Industries - Services
Labour Department- Services
Airport Authority of India - Services
Public Works Department - Services
Ministry of Corporate Affairs - Services
Food and Drug Administration - Services
Maharashtra Coastal Zone Management Authority - Services
Directorate General of Foreign Trade - Services

Agency Description
Non-MIDC services
Maharashtra State Electricity Distribution Company Limited - Services
Income Tax Department - Services
Department of Sales Tax - Services
Industrial Safety & Healthy Directorate - Services
Boiler Inspectorate - Services
Municipal Corporation of Greater Mumbai – Services
Central Board of Excise & Customs - Services
Employee Welfare - Services
Weights and Measures - Services
Bureau of Indian Standards - Services
Maharashtra Pollution Control Board - Services
Petroleum and Explosives Safety Organization - Services

7171MARCH 2017
Agency Description Contact information
Directorate of
Industries
The work of the Directorate of Industries, Maharashtra state,
is mainly confined to the development and progress of large-
scale, small-scale and cottage industries in the state. The
Department of Industries was reorganised and the
Directorate of Industries was formed in August 1960. Control
of cottage industries was transferred to the Directorate of
Industries with effect from 1st December, 1960.
It also assists in the formulation and implementation of
various policies and promotional schemes.
Development Commissioner of
Industries
Government of Maharashtra
Directorate of Industries
New Administrative Building,
2nd Floor, Opposite Mantralaya,
Mumbai
Maharashtra-400 032
Phone: 91-22-22028616
didci@maharashtra.gov.in
KEY INVESTMENT PROMOTION OFFICES … (1/3)

7272MARCH 2017
Maharashtra Agro
Industries
Development
Corporation Limited
(MAIDC)
The objective of the company is to make available to the
farmers of Maharashtra standard quality fertilisers,
pesticides, agro engineering implements & animal feed to the
extent required & at the time of requirement & at competitive
rates.
Maharashtra Agro Industries Development Corporation
Limited (MAIDC) has also been designated as the state
nodal agency by Ministry of Food Processing Industries,
Government of India. In its role as state nodal agency, it
scrutinises & forwards various proposals of entrepreneurs
under different schemes of assistance from the Government
of India. It also helps entrepreneurs in preparing projects,
selecting the area, etc.
Krushi Udyog Bhavan
Dinkarrao Deasi Marg, Aarey Milk
Colony
Goregaon (East), Mumbai-
400065, Maharashtra, India
Phone: 91-22-29272027
Email: md@maidcmumbai.com
Website: www.maidcmumbai.com

7373MARCH 2017
Maharashtra
Industrial
Development
Corporation (MIDC)
1. MIDC’s objectives are:
a) To achieve balanced industrial development of
Maharashtra with an emphasis on developing parts
and underdeveloped parts of the state.
b) Help in infrastructural development of each and every
district in Maharashtra.
c) Facilitate entrepreneurs in setting up industries at
various locations.
MIDC is an agent of the state government for carrying out
activities of acquisition and disposal of land, provision of
infrastructure facilities and providing other services to
industrial centres.
Udyog Sarathi
Mahakali Caves Road, Andheri (E)
Mumbai-400 093
Phone: 91-22-26870052/54/73
Fax: 91-22-26871587
Email: feedback@midcindia.org
Website: www.midcindia.org

7474MARCH 2017
Approvals and clearances required Respective departments
Prior to setting up the unit
Registration
Development Authority
Allotment of land/shed
Permission for land use Industrial Development Authorities
No-objection certificate under the Water Act, 1974 and the Air Act, 1981 Pollution Control Board
Approval for construction activity and building plan Development Authority
No-objection certificate Fire Department
Provisional Trade Tax registrations
Central and State Excise Departments
Registration under Central Sales Tax Act, 1956
KEY APPROVALS REQUIRED … (1/2)

7575MARCH 2017
Approvals and clearances required Respective departments
Before commencement of production
No-objection certificate under the Water Act, 1974 and the Air Act, 1981 Pollution Control Board
No-objection certificate Fire Department
Permanent Trade Tax registration under Central Sales Tax Act, 1956
Central and State Excise Departments
Registration under Central Sales Tax Act, 1956
After commencement of production/activity
Registration Industries Department
KEY APPROVALS REQUIRED … (2/2)
Timelines for approvals and clearances
Department Timeline
Issuance of allotment order 15 days
Possession of plot/shed 7 days
Building plans approval 15 days
Grant of water connection 10 days
Urban land ceiling permission 10 days
Source: Economic Survey of Maharashtra 2014-15

Maharashtra's Strong Economy and Business Opportunities

Maharashtra's Strong Economy and Business Opportunities

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