Maharashtra State Report November 2017

For updated information, please visit www.ibef.org November 2017
MAHARASHTRA
GATEWAY TO INDIA

Table of Content
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.orgMAHARASHTRA3
 Total FDI in the state during April 2000 to June 2017 stood at US$ 104.4 billion1, the highest among all states
in India.
EXECUTIVE SUMMARY … (1/2)
 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 contribution to
India’s 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 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.
India’s financial and
educational hub
 Jawaharlal Nehru Port is the largest port in India in terms of container traffic. During 2017-18 (up to
September 2017), the port handled 32.69 million 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. Sugar production
is expected to reach 7.34 million tonnes in 2017-18. During 2016-17, the production of pomegranates was
recorded to be 1.44* million 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 8.9 million bales of cotton
during 2016-17.
Strong cotton production
Source: As per 1st advance Estimates

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 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
 The city of Mumbai 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.
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

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) 42,329.60 331,117.58 Central Electricity Authority, as of October 2017
Wireless subscribers (No) 94,648,944 1,186,790,005
Telecom Regulatory Authority of India, as of July
2017
Internet subscribers (million) 35.47 422.2
Telecom Regulatory Authority of India, as of July
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) 15.9 20.4 SRS Bulletin, September 2017
Investment
Cumulative FDI equity inflows (US$ billion)1 104.415 342.52
Department of Industrial Policy & Promotion, April
2000 to June 2017
Industrial Infrastructure
Operational PPP projects (No) 219 1,565
DEA , Ministry of Finance, Government of India, July
2017
Operational SEZs (No) 27 204
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
110.3
129.5
170.1
163.4
180.5
230
250.7
243.7
244.9
264.8
300.5
0
50
100
150
200
250
300
350
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
CAGR 10.54%
Per capita GSDP (US$)
1059
1225
1585
1500
1633
2053.0
2208
2118
2,101
2,242
2,545
0
500
1000
1500
2000
2500
3000
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
CAGR 9.16%
 The state’s per capita GSDP^ at current price was US$ 2,545
in 2015-16.
 The per capita GSDP of Maharashtra grew at a CAGR of
9.16% between 2005-06 and 2015-16.
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
116.7
153.9
146.9
162.5
208.4
227.1
220.4
221.2
238
263.60
0
50
100
150
200
250
300
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
CAGR 10.29%
 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.
 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.
NSDP per capita of Maharashtra at current prices (in US$)
951
1104
1434
1349
1471
1860
2000
1915
1897.7
2,013.8
2,432
0
500
1000
1500
2000
2500
3000
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
CAGR 8.91%
Note: NSDP - Net State Domestic Product, CAGR – Compound Annual Growth Rate, NSDP# - Geometric mean of YoY calculation from 2004-05 to 2014-15 , per capita NSDP& -
calculated using NSDP million US$/Population in million

ECONOMIC SNAPSHOT – PERCENTAGE
DISTRIBUTION OF GSDP
 Over 2015-16, the 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.
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 GSDPµ -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 15.1 million
tonnes in 2016-17.
 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 2016-17 (‘000 tonnes)
Sugarcane 50,644
Soya bean 4,616
Groundnut 262
Sunflower seed 5
Jowar 2,235
Rice 3,654
Wheat 1.405
Bajra (millets) 869
Maize 3,485
Total food grains 15,096
Total oilseeds 4,932
Total pulses 3,272
2380.2
2649.2
2651.2
1673.9
1726.9
18378.3
24265.2
24277.0
19719.8
21668.7
0.0
5000.0
10000.0
15000.0
20000.0
25000.0
2012-13
2013-14
2014-15
2015-16
2016-17
Area Production
Area (‘000 hectares) and production (‘000 MT) of horticulture
crops in Maharashtra

ECONOMIC SNAPSHOT – AGRICULTURAL
PRODUCTION … (2/2)
 An amount of US$ 63.81 million has been allocated to the state for
2017-18, under the National Agricultural Development Scheme
(RKVY).
 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 2016-17, the state recorded production of 5,851.30*
thousand MT of onion.
Source: Department of Agriculture & Co-operation, Ministry of Agriculture
Vegetable 2013-14 2014-15 2015-16 2016-17*
Onion 5,864 5,361 6,529 5851
Potato 370 370 251 543
Tomato 1,200 1,200 977 977
64.16
81.90
86.73
69.65
75.38
91.53
69.23
50.08
0.00
20.00
40.00
60.00
80.00
100.00
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Sugarcane production in Maharashtra (million MT)
7.0
9.1
9.0
8.0
7.7
10.5
7.7
5.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
2009-
10
2010-
11
2011-
12
2012-
13
2013-
14
2014-
15
2015-
16
2016-
17
Sugar production in Maharashtra (million MT)
Vegetable production in Maharashtra (‘000 MT)
2013-14 945
2014-15 1,313
2015-16 1,486
2016-17* 1,437
Production of pomegranates in Maharashtra (‘000 MT)
Note: * As per 1st advance estimates

ECONOMIC SNAPSHOT – FDI INFLOWS &
INVESTMENTS
 According to the DIPP, cumulative FDI inflows1 in the state of
Maharashtra during April 2000 to June 2017 stood at US$ 104.4
billion.
 During 2017 (up to September), 255 investment intentions worth
US$ 3.88 billion have been proposed in the sate, making up 16.78
per cent of all the proposals in India.
FDI equity inflows1, 2008-09 to 2016-17 (US$ million)
12,431
8,249
6,097
9,553
6,361
3,420
6,361
9,511
19,654
-
5,000
10,000
15,000
20,000
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
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 – MAHARASHTRA’S EXPORT
TRENDS…(1/2)
 In FY17(1), Maharashtra’s 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
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17⁽¹⁾
Exports trends (US$ billion)
Note: 2016-17(1) : up to November 2016

ECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT
TRENDS…(2/2)
Source: APEDA, (1)From April - August 2015
142
176
284
150 157
78
0
50
100
150
200
250
300
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Pulses exports from Maharashtra (‘000 MT)Maize exports from Maharashtra (‘000 MT)
Dairy product’s exports from Maharashtra (thousand MT)
4.7
21.8
39.5
11.2
6.0 7.1
0.0
10.0
20.0
30.0
40.0
50.0
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
655
768
664
526
103 124
0
100
200
300
400
500
600
700
800
900
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17

STATE BUDGET 2017-18
Source: State Budget 2017-18
Department Expenditure (US$ billion)
School Education 7.6
Urban Development 3.1
Rural Development and Water Conservation 2.8
Home 2.6
Public Works 2.3
Water Resources 1.9
Industries, Energy and Labour 1.8
Tribal Development 1.4
Public Health 1.3
Agriculture 1.2
Others 18.23
Note: Exchange rate = 0.0155

PHYSICAL INFRASTRUCTURE – ROADS … (1/2)
Source: Economic Survey of Maharashtra, 2016-17, NHAI
 The state is well connected to its six neighbouring states and 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)
391
250.50
124
0
50
100
150
200
250
300
350
400
2012-13
2013-14
2014-15
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 2017-18, the state government proposed an outlay of
US$ 15.38 million for acquisition of land, special subsidy package,
etc. under the MIHAN project.
 In 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
2013-14
2014-15
2015-16¹
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).
 Central Railways has introduced special superfast weekly trains to
Shirdi from Lokmanya Tilak Terminus and Dadar stations.
 During 2015-16, the state government initiated work on the 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 2017-18, the state government allocated US$ 109.2
million for boosting the execution of Nagpur to Pune metro rail
project and for the further development of Mumbai Metro line.
 A total of US$ 1.61 billion was raised for the Mumbai Urban
Transport Project III (MUTP III) which includes development of an
elevated link between Airoli and Kalwa, helping passengers to avoid
interchanging 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.
 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 2017-18, the state government proposed an amount of
US$ 7.6 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 (‘000 thousand) 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 (l’000 thousand) 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 October 2017, the state had a total installed power generation
capacity of 42,329.60 MW.
 Thermal power contributed 30,598.43 MW to the total installed power
generation capacity, followed by renewable power, hydropower and
nuclear power with contributions of 7,709.33 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
20,795.67 MW, followed by 13,900.96 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 August 2017
Installed power capacity (MW)
Source: Central Electricity Authority
22,645.00
26,142
30,354
34,005
38,551
40,589
41,410
42,119
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18*

PHYSICAL INFRASTRUCTURE – TELECOM
 According to Telecom Regulatory Authority of India (TRAI),
Maharashtra had 94.65 million wireless subscribers and 1.84 million
wireline subscribers, as of July 2017.
 By the end of July 2017, 20,401,359 subscribers had submitted
requests for mobile number portability in Maharashtra. Moreover, the
tele-density in Maharashtra stood at 109.99% as of July 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 June2017
Wireless subscribers 94,648,944
Wireline subscribers 1,839,379
Internet subscribers* (million) 35.47
Post offices 12,8592
Tele density (in %) 110.26
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 July 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 2017-18, the state government allocated US$ 169.2 million for “Maharashtra Suvarn Jayanti Nagrothan Mahaabhiyan”, which is being
implemented in the state for creating basic urban amenities across various municipal councils & townships.
 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 Budget 2017-18, the state government has proposed an outlay of US$ 109.2 million in order to boost the development of metro rail projects
in Nagpur, Pune and Mumbai. In Budget 2016-17, 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.
 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
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

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
Pune
Computer/electronic
software
Nanded
Chemicals &
pharmaceuticals
Khed Economic Infrastructure
Pvt. Ltd.
Pune
Engineering &
electronics
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 September 2017, Maharashtra
had 11 SEZs with valid in-principle approvals, 57 SEZs with formal
approvals and 49 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
Latur Agro-processing
Nanded Pharmaceuticals
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, 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.
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 9 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. In Budget 2017-
18, the state and central allocated a sum of US$ 246.1 million
towards this programme.
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%
Pimpri-Chinchwad 1,727,692 171.51 89.22%
Smart cities slected 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 micro lender M Power Micro Finance to drive
its expansion plans.
 Aggregate deposits and credit of scheduled commercial banks in
Maharashtra stood at US$ 282.3 billion and US$ 314.7 billion
respectively, in Q1 2017-18.
Source: Reserve Bank of India, Maharashtra Economic Survey 2015-16
Bank group
No. of banking
offices
Deposits
(US$ million)
(1)Employment
(‘000 thousand)
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)
Gross State Value Added by Financial Services at current
prices (US$ billion)
18.29
20.04
23.24
25.41
27.27
0.00
5.00
10.00
15.00
20.00
25.00
30.00
2011-12
2012-13
2013-14
2014-15
2015-16
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
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
(1)Note: As of March 2016,
exchange rate = 0.0155

ATMs deployed in Maharashtra, June 2015
21,574.00
8,749 8,053
4,481.00
291.00
-
5,000.00
10,000.00
15,000.00
20,000.00
25,000.00
Total
PublicSector
Banks
PrivateSector
Banks
StateBank
Group
ForeignBanksin
India
ATMs deployed in Maharashtra, June 2016
23,321
9,449 8,920
4,683
269.00
-
5,000
10,000
15,000
20,000
25,000
Total
PublicSector
Banks
PrivateSector
Banks
StateBank
Group
ForeignBanks
inIndia
Source: Reserve Bank of India
ATMs deployed in Maharashtra, June 201419,099
6,811 7,502
4,473
313.00
-
5,000
10,000
15,000
20,000
Total
PublicSector
Banks
PrivateSector
Banks
StateBank
Group
ForeignBanks
inIndia ATMs deployed in Maharashtra, June 2017
25,835
14,487
9,383
1,721 244.00
-
5,000
10,000
15,000
20,000
25,000
30,000
Total
PublicSector
Banks
PrivateSector
Banks
WhiteLabel
ATMs
ForeignBanks
inIndia

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

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.
Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with 2,000
branches in 29 states
Website: 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
Headquarters & Infrastructure: Bank is based in Mumbai, with more than 550 branches and 1,255
ATM’s
Website: 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
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
Headquarters & employees: Bank is based in Mumbai, with more than 69,065 employees
Website: 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

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
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.
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. In 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. The land for the project was allotted in
December 2016.
 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

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)

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 Q1 FY2018, the company earned US$ 93.4 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 Q1 FY2018 valued at US$ 412.9 million. 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
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$
67.6 million in Q1 FY2018.
 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 Q1 FY2018 were valued at about US$ 384.5 million. 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
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.
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.

KEY INDUSTRIES – ENGINEERING … (2/2)
 Larsen & Toubro Limited (L&T) is a diversified Indian conglomerate with interests in engineering and
construction. The company earned US$ 2.14 billion in revenues during Q1 FY 2018.
 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$ 62.5 million in revenues in Q1 FY 2018.
 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$ 407.82
million as total income from operations in Q1 FY 2018.
 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 Q1 FY
2018, ABB India Ltd earned revenues of US$ 342.1 million from operations.
Larsen & Toubro
Ltd (L&T)
Greaves Cotton Ltd
Siemens Group
ABB
Key Players

KEY INDUSTRIES – TEXTILES … (1/2)
Source: Central Silk Board, Economic Survey, 2015-16, 2016-17
 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. 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. the state
government plans to set up 11 new textile parks in the state. In July
2017, Maharashtra government proposed to set up an integrated
textile park in Malegaon over 345 hectares of land.
 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.
Cotton (lint) production in Maharashtra (million bales)
7.74
6.82
6.79
8.83
6.82
4.20
8.90
-
3.00
6.00
9.00
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Year Volume
2012-13 97
2013-14 122
2014-15 221
2015-16 274
2016-17(1) 142
Raw silk production (in tonnes)
Note: 2016-17(1) : Up to December 2016

KEY INDUSTRIES – TEXTILES … (2/2)
 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$ 91.5 million in Q1 FY 2018.
 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$ 91.1 million in Q1 FY
2018.
 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 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$ 49.32 million in revenues in Q1 FY2018.
Raymond
Bombay Dyeing
S. Kumars’
Siyaram’s
Key Players

KEY INDUSTRIES – CHEMICALS, OIL AND GAS,
ENERGY … (1/2)
 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.
 In 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 of October 2017, the state had an installed capacity of 30,598.43
MW under thermal energy; 690 MW under nuclear energy; 3,331.84
MW under hydro and 7,709.33 MW under renewable energy
sources.
 Under the State Budget 2016-17 the government had planned an
investment of US$ 119.77 million for electricity generation projects.
Outlay of US$ 69.66 million has been set for adding capacity under
non-conventional energy sources.
Year Total input (‘000 tonnes)
Per hectare
consumption (kg)
2011-12 6580 155.2
2012-13 5470 116.1
2013-14 5990 119.4
2014-15 6013 125.9
2015-16 5963 122.5
2016-17 6467 122.3
Use of chemical fertilisers in Maharashtra
Source: Commissionerate of Agriculture, GoM, Economic Survey 2015-16

KEY INDUSTRIES – CHEMICALS, OIL AND GAS,
ENERGY … (2/2)
 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$ 12.09 billion in 2016-17. 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$ 33.48 billion in 2016-17. It has an oil refining unit on Mumbai’s
west coast.
 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 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$ 51.25 billion for 2016-17. 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.
Oil and Natural Gas Corp
Hindustan Petroleum
Corp Ltd
Bharat Petroleum Corp
Ltd
Reliance Industries Ltd
Key Players

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 company is also planning to start exports from this
facility to neighbouring, ASEAN and South African countries by 2020-
21.
 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.
 In 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.
Automotive hubs in Maharashtra

… (2/3)
 In 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. The first Jeep made at the plant
was unveiled in May 2017.
 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.
 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
Investment opportunities in the auto sector
Vehicle Type 2016 2017(1)
Motor-cycles, scooters & mopeds 19,881.5 21,476.7
LMV (cars, jeeps, station wagons & taxis) 4,074.8 4,433.4
Auto rickshaws 726.1 744.2
Buses (stage carriages, contract carriages,
school buses & PSV)
115.5 127.7
Tractors 603.6 639.2
Goods vehicles {Articulated/Multiaxel
vehicles, trucks & lorries, tankers,
delivery vans (3 & 4 wheelers), etc.
1,422.8 1,505.2
Category wise numbers of a few categories of motor vehicles on the road in Maharashtra
Source: Economic Survey, 2016-17,
Note: 2016(1) – provisional, LMV–Light Motor Vehicles PSV - Public Service Vehicles, ARAI - Automotive Research Association of India

… (3/3)
 Bajaj Auto is a major Indian automobile manufacturer. The company is the world's fourth-largest two- and
three-wheeler manufacturer with an income of of US$ 837.2 million in Q1 FY 2018. 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. Consolidated revenue of the company was US$ 1.4 billion in Q1 FY 2018.
 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).
 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$ 114.5 million in Q1 FY 2018.
 Mahindra and Mahindra is one of the major auto manufacturers of India. The company generated US$
1.78 billion of income from operations in Q1 FY2018.
 The company’s products include tractors, SUVs and LCVs. It has manufacturing facilities at Mumbai,
Pune, Nagpur and Nasik.
Bajaj Auto Ltd
Tata Motors Ltd
Force Motors Ltd
Mahindra and Mahindra
Ltd
Key Players

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.
 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.
Tourist arrivals in Maharashtra (million)
Source: Ministry of Tourism, Government of India
77.50
86.85
98.50
107.81
0.00
20.00
40.00
60.00
80.00
100.00
120.00
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 & 4.15 million foreign tourists visited Maharashtra. In 2016 the numbers were, 166 million domestic tourists and 4 million foreign
tourists.
 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 & 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.
 In March 2017, the state government has sanctioned US$ 52.25 million for the development of Elephanta Caves. The fund includes US$ 14.85
million from the Maharashtra Tourism Development Corporation, while US$ 37.40 million is to be raised through public private partnership.
 In June 2017, Airbnb, an alternative accommodations company, signed a MoU with Maharashtra Tourism Development Corporation on a revenue
sharing basis, to become the official accommodation partner for the state for its network of homestays in India.
 As per 2016-17 budget, the state government announced the following plans :
• Aurangabad has been affirmed as a tourist district in the state & the government has decided to offer special attention towards the uplifting of
tourism in Verul, Sulibhanjan, Mhaismal & Khultabad.
• The state government is also undergoing various steps for improving safety measures across the beaches for ensuring security of people
 As per budget 2017, government has decided to develop well known tourist and pilgrimage centres like Mahurgad (Nanded), Jyotibhacha Dongar
(Kolhapur), Lonar Sarovar (Buldana), Sindhudurg and Raigad Forts. Required financial support will be provided as necessary.

EMPLOYMENT OPPORTUNITIES & EMPOWERMENT
 Till December 2016, a total of 488 mega projects were sanctioned by the state government with an outlay of US$ 58.91 billion. Due to these
projects, employment opportunities for a total of 420,000 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.
 In April 2017, the state government decided to give reservation to physically disabled people in jobs in its newly drafted policy. The government
will also ensure that physically disabled people would be given equal employment opportunities in the government as well as private jobs.
Moreover, the state government would also siphon three% of funds from budget reserved to provide facilities to the physically disabled people.
Source: State Budget 2016-17, Economic Survey, 2015-16, 2016-17

SINGLE–WINDOW CLEARANCE MECHANISM… (1/3)
 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 … (2/3)
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
Source: Maharashtra Industrial Development Corporation

SINGLE-WINDOW CLEARANCE MECHANISM … (3/3)
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
Source: Maharashtra Industrial Development Corporation

KEY INVESTMENT PROMOTION OFFICES … (1/3)
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

Maharashtra Agro Industries
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

(MIDC)
 MIDC’s objectives are:
• To achieve balanced industrial development of
Maharashtra with an emphasis on developing parts
and underdeveloped parts of the state.
• Help in infrastructural development of each and
every district in Maharashtra.
• 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

KEY APPROVALS REQUIRED … (1/2)
Approvals and clearances required Department
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 … (2/2)
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
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
Timelines for approvals and clearances
Source: Economic Survey of Maharashtra 2014-15

COST OF DOING BUSINESS IN MAHARASHTRA
Cost parameter Cost estimate Source
Land (per sq m)
Commercial: US$ 0.2 to US$ 1,158.3
Industrial: US$ 0.2 to US$ 579.2
Maharashtra Industrial Development Corporation (MIDC)
Power (per kWh)
Domestic: 4.5-16 cents
Commercial: 11.7-23.5 cents
Agricultural: 4.3 cents
Industrial: 8.8-19.97 cents
Economic Survey 2015-16
Labour (per day) US$ 1.2 to US$ 6
Ministry of Labour and Employment, Government of
India, Wage Rates July 1, 2015 to Dec 31, 2015
5-star hotel room (single
occupancy, per night)
US$ 97-US$ 220 Maharashtra Tourism Development Corporation
 As per the World Bank and Department of Industrial Policy and Promotion (DIPP) report - Assessment of State Implementation of Business
Reforms 2016, the state ranked 10th in the Ease of Doing Business Index.

Maharashtra State Report November 2017

Maharashtra State Report November 2017

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Maharashtra State Report November 2017