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MAHARASHTRA

GATEWAY TO INDIA

Table of Content

Executive Summary ....3

Advantage Maharashtra .5

State Vision ..6

Maharashtra An Introduction ..7

Annual Budget 201415 ...20

Infrastructure Status ...............................21

Business Opportunities ....39

Doing Business in Maharashtra ..68

State Acts & Policies .........77

For updated information, please visit www.ibef.org MAHARASHTRA 3

Total FDI in the state during April 2000 to December 2016 stood at US$ 100.16 billion1, the highest among all

states in India.

EXECUTIVE SUMMARY (1/2)

Maharashtras GSDP at current prices was US$ 300.51 billion in 2015-16 and accounted for 12.98% of Indias

GDP, the highest among all states.

Highest contribution to

Indias GDP

Source: Central Statistics Office, Economic Survey 2015-16, Department of Industrial Policy & Promotion, Indian Port Association, 1Including Daman & Diu and Dadra & Nagar Haveli

Highest FDI in India

The states 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.

Indias financial and

educational hub

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. Largest Container Port


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.

EXECUTIVE SUMMARY (2/2)

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.

Significant production of

sugarcane and

pomegranate

Source: Ministry of Agriculture, News Articles, Economic Survey 2015-16

Industrial powerhouse

Maharashtra is among the leading producers of cotton in India. The state produced 4.20 million bales of

cotton during 2015-16. Strong cotton production


ADVANTAGE: MAHRASHTRA

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

Trade 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.

Source: Government of Maharashtra


STATE VISION

Source: Confederation of Indian Industry

GSDP growth

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

Focus on growth of the manufacturing

sector.

Creating conducive growth

environment.

Infrastructure Tourism

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


MAHARASHTRA FACT FILE

Source: National Portal of India, Economic Survey 2015-16

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: Maps of India

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


MAHARASHTRA IN FIGURES (1/2)

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

GSDP growth rate (%) 9.9 8.71 Central Statistics Office

Per capita GSDP (US$) 2,545 1,546 Central Statistics Office

Physical Infrastructure

Installed power capacity (MW) 42,329.06 330,273.65 Central Electricity Authority, as of June 2017

Wireless subscribers (No) 93,898,514 1,170,178,305 Telecom Regulatory Authority of India, as of

March 2017

Internet subscribers (No) 35,950,000 422,190,000 Telecom Regulatory Authority of India, as of

March 2017

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 (2/2)

Note: 1Combined FDI inflows for Maharashtra, Dadra & Nagar Haveli and Daman & Diu, PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration

System

Parameter Maharashtra All states Source

Social Indicators

Literacy rate (%) 82.3 73.0 Census, 2011

Birth rate (per 1,000 population) 16.3 20.8 SRS Bulletin, 2015

Investment

Cumulative FDI equity inflows (US$ billion)1 102.28 332.11 Department of Industrial Policy & Promotion, April

2000 to March 2017

Industrial Infrastructure

Operational PPP projects (No) 219 1,565 DEA , Ministry of Finance, Government of India, July

2017

Operational SEZs (No) 28 218 Notified as of February 2016, Ministry of Commerce

& Industry, Department of Commerce, June 2017


ECONOMIC SNAPSHOT GSDP

GSDP of Maharashtra at current prices (in US$ billion)

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, Advanced Estimates provided by Directorate of Economics and Statistics of Maharashtra

11

0.3

12

9.5

17

0.1

16

3.4

18

0.5

23

0

25

0.7

24

3.7

24

4.9

26

4.8

30

0.5

0

50

100

150

200

250

300

350

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

CAGR 10.54%

Per capita GSDP (US$)

10

59

12

25

15

85

15

00

16

33

20

53

.0

22

08

21

18

2,1

01

2,2

42

2,5

45

0

500

1000

1500

2000

2500

3000

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

CAGR 9.16%

The states 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.

Note: GSDP - Gross State Domestic Product, CAGR Compound Annual Growth Rate, GSDP* - State Budget 2016-17, Per Capita GSDP^ - calculated using GSDP million US$/ Population in million


ECONOMIC SNAPSHOT NSDP

NSDP of Maharashtra at current prices (in US$ billion)

Source: Central Statistics Office, Based on Advanced Estimates provided by Directorate of Economics and Statistics of Maharashtra

99

11

6.7

15

3.9

14

6.9

16

2.5

20

8.4

22

7.1

22

0.4

22

1.2

23

8

26

3.6

0

0

50

100

150

200

250

300

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

CAGR 10.29%

At current prices, NSDP# of Maharashtra was US$ 263.6 billion

in 2015-16.

Maharashtras NSDP# grew at a CAGR of around 10.29% from

2005-06 to 2015-16.

At current price, the states 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.

NSDP per capita of Maharashtra at current prices (in US$)

95

1

11

04

14

34

13

49

14

71

18

60

20

00

19

15

18

97

.7

2,0

13

.8

2,4

32

0

500

1000

1500

2000

2500

3000

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

CAGR 8.91%

Note: NSDP - Net State Domestic Product, CAGR Compound Annual Growth Rate, NSDP# - Geometric mean of YoY calculation from 2004-05 to 2014-15 , per capita NSDP& -

calculated using NSDP million US$/Population in million


ECONOMIC SNAPSHOT PERCENTAGE

DISTRIBUTION OF GSDP

Over 2015-16, the tertiary sector contributed 64.53% to the states

GSDP at current prices, followed by the secondary 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 primary 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.

Percentage distribution of GSDP

10.18% 9.63%

29.61%

25.84%

59.58% 64.53%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2004-05 2015-16

Primary Sector Secondary Sector Tertiary Sector

13.7%

15.8%

13.5%

CAGR

Source: Central Statistics Office, Based on Advanced Estimates provided by Directorate of Economics and Statistics of Maharashtra

Note: Sector-wise % share of GSDP -Geometric mean of YoY calculation from 2004-05 to 2014-15


ECONOMIC SNAPSHOT AGRICULTURAL

PRODUCTION (1/2)

Sugarcane, cotton, onion, soya bean, banana, jowar (sorghum) &

rice are some of the key agricultural products of Maharashtra.

Total food grain production in the state stood at around 8.1 million

tonnes in 2015-16.

In July 2017, the state government extended the date to disburse an

advance payment of US$ 155.21 to farmers as financial assistance

to the needy farmers till August 31, 2017.

As per the Agriculture Marketing and Farmer Friendly Reforms

Index, the state secured the top position in pursuing farmer friendly

policies during 2016.

Source: Economic Survey of Maharashtra, 2016-17, Indian Horticulture Database

Crop Annual production 2015-16 (000 tonnes)

Sugarcane 72,226

Soya bean 2,100

Groundnut 240

Sunflower seed 10

Jowar 1,310

Rice 2,630

Wheat 760

Bajra (millets) 340

Maize 1,510

Total food grains 8,070

Total oilseeds 2,380

Total pulses 1,410

23

80

.2

26

49

.2

26

51

.2

16

73

.9

17

26

.9

18

37

8.3

24

26

5.2

24

27

7.0

19

71

9.8

21

66

8.7

0.0

5000.0

10000.0

15000.0

20000.0

25000.0

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

Area Production

Area (000 hectares) and production (000 MT) of horticulture

crops in Maharashtra


ECONOMIC SNAPSHOT AGRICULTURAL

PRODUCTION (2/2)

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 6,511 thousand

MT of onion.

Source: Department of Agriculture & Co-operation, Ministry of Agriculture

Vegetable 2011-12 2012-13 2013-14 2014-15

Onion 5,638 4,660 5,864 5,361

Potato 360 321 370 370

Tomato 1,007 1,050 1,200 1,200

64

.16

81

.90

86

.73

69

.65

75

.38

91

.53

72

.08

0.00

20.00

40.00

60.00

80.00

100.00

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

Sugarcane production in Maharashtra (million MT)

70

.40

90

.70

90

.00

79

.70

77

.10

10

5.1

0

-10.00

10.00

30.00

50.00

70.00

90.00

110.00

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

Sugar production in Maharashtra (lakh MT)

Vegetable production in Maharashtra (000 MT)

2011-12 478

2012-13 408

2013-14 945

2014-15 1,313

Production of pomegranates in Maharashtra (000 MT)


ECONOMIC SNAPSHOT FDI INFLOWS &

INVESTMENTS

According to the DIPP, cumulative FDI inflows1 in the state of

Maharashtra during April 2000 to March 2017 stood at US$ 102.28

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 2016-17 (US$ million)

12

,43

1

8,2

49

6,097

9,5

53

6,361

3,420

6,361

9,5

11

19

,65

4

-

5,000

10,000

15,000

20,000

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

Source: Department of Industrial Policy & Promotion, Economic

Industry Approved proposals Commissioned Projects

No. Investment (US$ billion) No. Investments (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

Approved and commissioned industrial projects for major

Industries (1991-92 to 2015-16- up to October 2015)

Note: 1Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu


ECONOMIC SNAPSHOT MAHARASHTRAS EXPORT

TRENDS(1/2)

In FY17(1), Maharashtras exports totalled to around US$ 44.02

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, 2016-17

49

.15

48

.1

67

.6

84

.0

76

.9

47

.8

73

.9

64

.9

44

.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

20

16

-17

Exports trends (US$ billion)

Note: 2016-17(1) : up to November 2016


ECONOMIC SNAPSHOT MAHARASHTRAS EXPORT

TRENDS(2/2)

Source: APEDA, (1)From April - August 2015

7.5

6

15

.09

18

.14

20

.60

23

.54

13

.03

15

.61

0.00

5.00

10.00

15.00

20.00

25.00

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

Pulses exports from Maharashtra (million MT) 1

08

.91

15

1.6

0

18

7.8

0

22

3.7

6

16

5.5

1

13

2.5

7

10

3.1

5

0.00

50.00

100.00

150.00

200.00

250.00

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

Maize exports from Maharashtra (million MT)

8.32 11.35

4.67

21

.83

39

.54

11.25 5.99

0.00

10.00

20.00

30.00

40.00

200

9-

10

201

0-

11

201

1-

12

201

2-

13

201

3-

14

201

4-

15

201

5-

16

Dairy products exports from Maharashtra (thousand MT)


STATE BUDGET 2016-17

Source: State Budget 2016-17

Plan Budget- 2016-17 (US$

million) Plan

Budget- 2016-17 (US$

million)

National Agriculture Development Scheme 12.22 Land acquisition and project displaced

rehabilitation in MIHAN. 33.04

Mahatma Gandhi Rural Employment

Mission and State Employment Guarantee

Scheme

530.65 Shelter for all- 2022 scheme 106.93

Science, Technology & Environment Annual

plan 9.47

infrastructure development in Municipal

council, Nagar Panchayat 152.76

Crop Insurance Scheme. 283.37 Accelerate Nagpur and Pune metro

project. 27.49

Pandit Dindayal Upadhyay Krishi

Margdarshan Yojana 9.16 Maharashtra fire safety mission. 4.58

Irrigation 4.58 Rajiv Gandhi Jivandai Arogya Yojana 45.82

Irrigation projects included in Pradhan Mantri

Krishi Sinchai Yojana 317.44 Sarv Siksha Abhiyan 113.04

Chief Minister Rural Road Scheme 76.38 Nature Tourism 7.21

Electricity generation projects 119.76 Strengthening of tourist places. 43.53

Textile Industry 40.48 Majhi Kanya Bhagyashree Yojana 3.81

Road construction 618.69 Preservation and conservation for Varli

Art. 9.16

Rajiv Gandhi Jivandai Arogya Yojana 45.82 Mumbai Metro phase-3. 13.82

Revenue receipts of US$ 37.83 billion and revenue expenditure of US$ 38.53 billion were estimated during 2016-17.


PHYSICAL INFRASTRUCTURE ROADS (1/2)

Source: Economic Survey of Maharashtra, 2016-17, NHAI

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.

In 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.

In June 2017, the state government approved numerous projects for

boosting the development in cities like Mumbai, Thane and Pune.

Projects approved include Versova-Bandra Sea Link worth US$

1.12 billion, Bandra-Worli Sea Link project worth US$ 293.77 million,

Thane creek bridge-3 worth US$ 115.36 million, widening of the

Mumbai-Pune Expressway to 8 lanes from the existing 6 lanes

between Lonavala & Khalapur worth US$ 713.61 million and many

more.

National highway length completed (km)

39

1

25

0.5

0

12

4

050

100150200250300350400

201

2-1

3

201

3-1

4

201

4-1

5

Source: Economic Survey of Maharashtra, 2015-16, NHAI

Road type Road length (km)

(as of 2016-17)

National highways 7,438

State highways 38,510

Major district roads 50,844

Other district roads 58,116

Village roads 145,881


PHYSICAL INFRASTRUCTURE ROADS (2/2)

Habitations connected 10,724

Length completed 34,852.06

Pradhan Mantri Gram Sadak Yojana (PMGSY)`(2015-16- up to

July 2015)

Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in

2000 with the objective of connecting eligible rural habitants. Until

2015, about 419,971 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.

Expenditure on road works under Pradhan Mantri Gram Sadak

Yojana in Maharashtra (US$ million)

58

.52

82

.55

33

.80

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.00

90.00

201

3-1

4

201

4-1

5

201

5-1

6

Source: NHAI, Note: 1Up to October 2015

Source: PMGSY


PHYSICAL INFRASTRUCTURE RAILWAYS

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 Belapur-Pendhar-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.

Source: Economic Survey of Maharashtra, 2015-16, State Budget 2016-17, MMRDA:

Mumbai Metropolitan Region Development Authority

Mumbai Metro Rail Project

Project

cost (US$

million)

Current status

/implementation

period

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: 99% work

completed

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.

Metro/mono rail projects


PHYSICAL INFRASTRUCTURE AIRPORTS (1/2)

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.

In May 2017, the Mumbai airport recieved environmental clearance

for US$ 520.6 million expansion plan, which will allow it to ferry 50

million passengers by 2020.

Source: AAI (Airports Authority of India)

International airport

Domestic airport


PHYSICAL INFRASTRUCTURE AIRPORTS (2/2)

Domestic

airport Passengers (lakh) Aircraft movement (000) Freight (000 MT)

2014-15 2015-16 2016-17 2014-15 2015-16 2016-17 2014-15 2015-16 2016-17

Mumbai 252.1 300.5 327.1 195.4 220.2 224 207.7 209.0 234.9

Pune 40.7 51.8 65.1 32.6 38.7 44.6 27.4 31.8 34.6

Nagpur 13.6 15.2 17.8 13.5 12.6 14.6 5.6 6.0 6.7

Aurangabad 4.2 2.9 3.2 4.1 3.7 3.8 1.3 1.4 1.43

International

airport Passengers (lakh) Aircraft movement (000) Freight (000 MT)

2014-15 2015-16 2016-17 2014-15 2015-16 2016-17 2014-15 2015-16 2016-17

Mumbai 114.30 116.24 124.4 74.09 76.38 80.56 486.54 496.24 547.37

Pune 1.01 2.40 2.56 1.12 2.04 2.12 - 0.01 -

Nagpur 0.44 0.74 1.09 0.54 0.84 1.4 0.44 0.43 0.41

Source: AAI (Airports Authority of India)


PHYSICAL INFRASTRUCTURE PORTS

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.

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

Operational ports statistics

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

Minor Ports in Maharashtra

Source: India Ports Association, 1From April 2016 to February 2017


PHYSICAL INFRASTRUCTURE POWER

As of June 2017, the state had a total installed power generation

capacity of 42,329.06 MW.

Thermal power contributed 30,658.43 MW to the total installed power

generation capacity, followed by renewable power, hydropower and

nuclear power with contributions of 7,648.79 MW, 3,331.84 MW and

690 MW, respectively.

The private sector was the biggest contributor to the total installed

thermal power generation capacity in Maharashtra with a capacity of

20,761.67 MW, followed by 14,144.96 MW under state utilities and

7,422.43 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.

Note: *As of June 2017

Installed power capacity (MW)

22

,64

5

26

,14

2 30

,35

4

34

,00

5 3

8,5

51

40

,58

9

41

,41

0

42

,32

9

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

201

5-1

6

201

6-1

7

201

7-1

8*

Source: Central Electricity Authority


PHYSICAL INFRASTRUCTURE TELECOM

According to Telecom Regulatory Authority of India (TRAI),

Maharashtra had 94.57 million wireless subscribers and 1.87 million

wireline subscribers, as of May 2017.

By the end of May 2017, 19,350,648 subscribers had submitted

requests for mobile number portability in Maharashtra. Moreover, the

tele density in Maharashtra stood at 109.81% as of May 2017.

As of May 2017, the state recorded 150,377 new telephone wireless

connections of Idea, 141,374 new wireless connections of Vodafone

and 11,807 new wireless connections of Bharti Airtel.

Source: Telecom Regulatory Authority of India, February 2015, India Post, Ministry of

Communications and Information Technology, 1As of March 2017, 2As on March 2016

Wireless subscribers 94,570,556

Wireline subscribers 1,865,509

Internet subscribers(1)

35,950,0001

Post offices 12,8592

Tele density (in %) 109.81

No. of GPs in Phase-I 12,055(1)

Pipe laid (km) 14,214

Cable laid (km) 25,220(1)

GPs for which cable laid 11,857(1)

No. of GPs Lit 150

Telecom Infrastructure (As of May 2017)

Performance status of NOFN project (as of April 2016)

Bharat Sanchar Nigam Limited

(BSNL)

Mahanagar Telephone Nigam

Limited (MTNL)

Bharti Airtel

Idea Cellular

Vodafone Essar

Reliance Communications

Tata Teleservices

Aircel Limited

Major telecom operators in Maharashtra

Source: Telecom Regulatory Authority of India (1) Note: As of August 2017


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 Ministers 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.

In April 2017, the state government has decided to support small and marginal farmers by investing US$ 3.78 billion in agriculture and irrigation

schemes. All projects undertaken in the allocated budget would be completed in 2017-18, and the irrigation potential generated would be for1.4

million hectares of land.

Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development


DEVELOPMENT PROJECTS: URBAN & SOCIAL

INFRASTRUCTURE (2/2)

Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development

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


365 Dus in Gopal Nagar and Bh. Anand

Kausalyayan Nagar slums in Nagpur

Maharashtra

4.45


projects (958 Dus) under BSUP at

Nanded City. Distt. Nanded,

Maharashtra

6.97


630 Dus in Savitribai Phule Nagar slum in

Nagpur, Maharashtra 6.21


Projects (1183 Dus) under BSUP at

Nanded city. Dist. Nanded, Maharashtra 8.87


1017 Dus in Indira Nagar, Indiramata

Nagar, Wanjara and Bokar nagar (4 slums)

slums in Nagpur, Maharashtra

9.44


projects (1567 Dus) under BSUP at

Nanded City. Distt. Nanded,

Maharashtra

11.84

Urban Infrastructure Projects under JNNURM


DEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE

PARTNERSHIP (PPP) PROJECTS

Source: DEA, Ministry of Finance, Government of India, BOT: Build-Operate-Transfer, DBOOT: Design-Build-Own-Operate-Transfer, O&M: Management Contract

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


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


Hydro Electric Power (Parseoni) Project - Package 2 (BOT) Energy Operation and


Hydro Electric Power (Telbeila) Project (BOT) Energy Under construction 14.67


DEVELOPMENT PROJECTS: SEZs (1/3)

Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone

Navi Mumbai Special Economic Zone (NMSEZ) is the agency

responsible for the supervision and execution of SEZs in the state.

As of April 2017, the state has 28 operational SEZs in the state

across diversified sectors including textiles and apparel, food

processing, footwear and leather products, multi-product, pharma, IT

SEZs, etc.

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


Development Corporation Pune

Computer/electronic

software


Development Corporation Nanded

Chemicals &

pharmaceuticals

Khed Economic Infrastructure

Pvt. Ltd. Pune

Engineering &

electronics


Development Corporation Satara Engineering

Some of the operational SEZs in Maharashtra



Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone

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. Name/Developer Location Primary Industry


Development Corporation Limited

MIDC

Pune IT/ITeS

Syntel International Private

Limited Pune IT/ITeS

Serum Bio-pharma Park Pune Pharmaceuticals &

biotechnology


Development Corporation Latur Agro-processing


Development Corporation Nanded Pharmaceuticals


Development Corporation

Auranga

bad

Engineering &

electronics

Wokhardt Infrastructure

Development Limited

Auranga

bad Pharmaceutical

Hiranandani Builders Mumbai IT/ITeS

New Found Properties and

Leasing Pvt. Ltd. Thane IT/ITeS

EON Kharadi Infrastructure

Private Limited Pune IT/ITeS

Some of the SEZs with formal 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

Some of the SEZs with valid in-principal approvals

Source: Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone


SOCIAL INFRASTRUCTURE EDUCATION

During 2015-16, Maharashtras 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.

Source: Economic Survey of Maharashtra, 2015-16, State Budget 2016-17, Census 2011

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

Education infrastructure (2015-16)

Overall 82.3

Male 88.4 Urban 88.7

Female 69.9 Rural 77

Literacy rate (%) in Maharashtra, 2015-16


SOCIAL INFRASTRUCTURE HEALTH

As per budget 2017-18, an outlay of US$ 1.27 billion 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.

Source: Ministry of Health and Family Welfare, Government of India, Economic Survey of Maharashtra, 2015-16, (1)Until Dec 2015

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

Health infrastructure (2015-16(1)

)

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

Health indicators of Maharashtra (As of September 2015)

Male (2016-20) 69.9

Female (2016-20) 73.7

Life expectancy at birth (years) (2015-16)


CULTURAL INFRASTRUCTURE

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.

Source: Maharashtra Tourism, Government of Maharashtra


AMRUT AND SMART CITIES

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

states 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.

Cities Population Area (sq. km) Literacy rate

Pune 9,429,408 15,643 86.15%

Nagpur 4,653,570 9,892 88.39%

Nashik 6,107,187 15,530 82.31%

Aurangabad 3,701,282 10,107 79.02%

Solapur 951,118 148.9 82.80%

Thane 1,818,872 147.00 89.41%

Smart cities in Maharashtra

Pune

Nashik

Aurangabad

Nagpur

Mumbai

Bhiwandi


KEY INDUSTRIES

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.

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

Source: Economic Survey 2015-16, MAIDC - Maharashtra Agro Industries Development Corporation, (1)Up to September 2015

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

Establishment of MSME units


FINANCIAL SECTOR (1/7)

At current prices, the contribution of the banking and insurance

sector to the GSDP of the state increased at a CAGR of 10.54%

between 2005-06 and 2015-16.

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.

In May 2017, Indiavesh Capital announced to invest US$ 3.82 million

in Maharashtra-based microlender M Power Micro Finance to drive

its expansion plans.

Source: Reserve Bank of India, Maharashtra Economic Survey 2015-16

Bank group No. of banking

offices

Deposits

(US$ million)

(1)Employment

(lakh)

Rural 3,032 9,871.17 8,068.62

Semi-urban 2,790 19,886.37 10,336.21

Urban 1,397 18,441.02 12,851.99

Total 7,199 48,198.56 31,256.81

Deposits and credit of scheduled commercial banks in

Maharashtra by bank group (January to March 2017)

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

-

5.00

10.00

15.00

20.00

25.00

30.00

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

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

-

5.00

10.00

15.00

20.00

25.00

30.00

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

(1)Note: As of March 2016



ATMs deployed in Maharashtra, June 2015

21

,57

4.0

0

8,749 8,053 4,481.00

291.00 -

5,000.00

10,000.00

15,000.00

20,000.00

25,000.00

To

tal

Pu

blic

Se

cto

rB

anks

Pri

va

te S

ecto

rB

anks

Sta

te B

ank

Gro

up

Fo

reig

n B

an

ks in

India


23

,32

1

9,449 8,920

4,683

269.00 -

5,000

10,000

15,000

20,000

25,000

To

tal

Pu

blic

Se

cto

rB

anks

Pri

va

te S

ecto

rB

anks

Sta

te B

ank

Gro

up

Fo

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n B

an

ks

in I

ndia

Source: Reserve Bank of India

ATMs deployed in Maharashtra, June 2014 1

9,0

99

6,811 7,502

4,473

313.00 -

5,000

10,000

15,000

20,000

To

tal

Pu

blic

Se

cto

rB

anks

Pri

va

te S

ecto

rB

anks

Sta

te B

ank

Gro

up

Fo

reig

n B

an

ks

in I

ndia


25

,83

5

14,487

9,383

1,721 244.00 -

5,000

10,000

15,000

20,000

25,000

30,000

To

tal

Pu

blic

Se

cto

rB

anks

Pri

va

te S

ecto

rB

anks

Wh

ite

La

bel

AT

Ms

Fo

reig

n B

an

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in I

ndia



Reserve Bank of India

State Bank of

India

Bank of India Foundation year: 1906 (state owned commercial bank)

Banking services: Commercial banking, retail banking, private banking, asset management, mortgages,

credit cards

Total assets: US$ 97.21billion; Total income: US$ 7.15 billion (2016-17)

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 (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$ 420 billion; Total income: US$ 32.75 billion (2016-17)

Headquarters & employees: Headquartered in Mumbai with over 300,000 employees

Website: www.sbi.co.in

Source: Reserve Bank of India, Bank websites

Scheduled commercial banks in Maharashtra

http://www.bankofindia.co.in/http://www.bankofindia.co.in/http://www.bankofindia.co.in/http://www.bankofindia.co.in/http://www.bankofindia.co.in/http://www.sbi.co.in/http://www.sbi.co.in/http://www.sbi.co.in/http://www.sbi.co.in/http://www.sbi.co.in/http://www.sbi.co.in/http://www.sbi.co.in/



Union Bank of India

Bank of

Maharashtra

Central Bank of

India 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. Total assets: US$ 51.75 billion; Total income: US$ 4.27 billion (2016-17) Headquarters & infrastructure: Headquartered in Mumbai with over 4,000 branches in 27 Indian states and 270 extension counters Website: www.centralbankofindia.co.in

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

Total assets: US$ 70.34 billion; Total income: US$ 5.94 billion (2016-17)

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. Total assets: US$ 24.73 billion; Total income: US$ 2.11 billion (2016-17) Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with 2,000 branches in 29 states Website: www.bankofmaharashtra.in



http://www.centralbankofindia.co.in/https://www.unionbankonline.co.in/https://www.unionbankonline.co.in/https://www.unionbankonline.co.in/https://www.unionbankonline.co.in/https://www.unionbankonline.co.in/https://www.unionbankonline.co.in/https://www.unionbankonline.co.in/http://www.bankofmaharashtra.in/



Dena Bank

Yes Bank

Deutsche Bank

India Foundation year: 1980 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

Foundation year: 1938

Banking services: Investment banking, consumer banking, commercial banking, retail banking, private

banking, asset management, pensions, mortgages, credit cards

Total assets: US$ 20.12 billion; Total income: US$ 1.77 billion (2016-17)

Headquarters & infrastructure: Bank is based in Mumbai, with over 1,400 branches and more than 100

ATMs Website: www.denabank.com

Foundation year: 2004 Banking services: Corporate and institutional banking, commercial banking, investment banking, retail banking, finance marketing Total assets: US$ 33.38 billion; Total income: US$ 3.19 billion (2016-17) Headquarters & Infrastructure: Bank is based in Mumbai, with more than 550 branches and 1,255 ATMs Website: www.yesbank.in



http://www.db.com/indiahttp://www.denabank.com/http://www.yesbank.in/



Citibank India

HDFC Bank

IDBI Bank 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$ 55.41 billion Total income: US$ 4.96 billion (2016-17) Headquarters & infrastructure: Bank is based in Mumbai with over 15,000 employees and 2,000 ATMs. Website: www.idbi.com

Foundation year: 1902 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

Foundation year: 1994 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$ 134.08 billion; Total income: US$ 12.67 billion (2016-17) Headquarters & employees: Bank is based in Mumbai, with more than 69,065 employees Website: www.hdfcbank.com



http://www.idbi.com/http://www.citibank.co.in/http://www.hdfcbank.com/



ICICI Bank Foundation year: 1994

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



https://www.icicibank.com/https://www.icicibank.com/https://www.icicibank.com/https://www.icicibank.com/https://www.icicibank.com/


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 2015-16, Mumbai accounted for 20.1% of the GVA of Maharashtra. Till September 2015, the number of micro, small

and medium enterprises (MSMEs) in Mumbai totalled 244,000, providing employment to about 2.92 million 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.

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.

Source: Maharashtra Economic Survey 2015-16; Jawaharlal Nehru Port Trust


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

Indias manufacturing sector.

The Government of Maharashtra sent a memorandum to the 13th Finance Commission to support the growth of Mumbais 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



BIOTECHNOLOGY (2/3)

Source: Maharashtra Industrial Development Corporation, Economic Survey 2015-16

Sector Status

Serum Bio-Pharma Park Pharmaceuticals & Biotechnology Operational

Maharashtra Industrial Development Corporation Pharmaceuticals Operational

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

Biotechnology & Pharmaceutical SEZs in Maharashtra

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

Registered BT units (upto October 2016)



BIOTECHNOLOGY (3/3)

USFDA: US Food and Drug Administration, EMEA: Europe, The Middle East and Africa

GlaxoSmithkline

Pharmaceuticals Ltd

Cipla Ltd

Wockhardt Ltd

GlaxoSmithkline Pharmaceuticals, established in 1924, is one of the oldest players in the Indian

pharmaceuticals industry. In 2016-17, the company earned US$ 466.23 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 2016-17 valued at US$ 2.27 billion. It is also one of the oldest players in the sector. The

company has manufacturing units at Vikhroli (Mumbai) and Patalganga.

Wockhardt, headquartered in Mumbai, is a major player in the integrated healthcare segment. The

companys market presence covers formulations, biopharmaceuticals, nutrition products, vaccines and

Active Pharmaceutical Ingredients (APIs). The companys total income from operations stood at US$

395.15 million in 2016-17.

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 is one of the significant players and primarily derives its revenue from formulations. Total net

sales of the company in 2016-17 were valued at about US$ 2.66 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.

Lupin Ltd

Key Players


KEY INDUSTRIES IT/ITeS AND ELECTRONICS (1/4)

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

countrys 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.

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

2016-17 16.92

Investment in science, technology and environment sector in

Maharashtra

Source: Maharashtra Industrial Development Corporation, News Articles, Economic Survey 2015-16



During 2016-17, 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

487 IT parks, 170 parks are already operational with an overall

investment of US$ 586.4 million and US$ 1,589.85 million has been

proposed for the remaining 317 IT park projects that are in the

processing phase.

District Number of IT parks (2016-17)

Pune 172

Greater Mumbai 162

Thane 140

Nagpur 5

Nashik 5

Aurangabad 3

Wardha 1

Total 487

Prominent information technology parks in Maharashtra

Source: Maharashtra Industrial Development Corporation, state economic survey 2016-17

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

Prominent information technology parks in Maharashtra



Source: Maharashtra Industrial Development Corporation, News Articles

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.

Development of Mumbai-Pune-Nashik as Silicon valley of India, that is, an IT innovation hub under Maharashtra-Goa Regional Development Council

Government initiatives



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 2017 (for the nine months ending May 2017), the

company earned revenues of US$ 27.12 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. It recorded revenues of US$ 37.44

billion for six months ending February 2017.

Capgemini is a global IT major headquartered in Paris, France, and operates in more than 40 countries.

The company generated revenues of US$ 7.38 billion in H1 2017. 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 is a well-known IT giant, with development centres across India. The company generated revenues

of US$ 9.2 billion in 2016-17. The company has a development centre at Wakad, Pune, and also a BPO

centre in the city.

Infosys had 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.

Accenture

IBM

Capgemini

Infosys Technologies

Ltd

Key Players


KEY INDUSTRIES ENGINEERING (1/2)

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 (2/2)

Larsen & Toubro Limited (L&T) is a diversified Indian conglomerate with i

maharashtra - ibef maharashtra for updated information, please visit maharashtra is the most...

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