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MAHARASHTRA
BANDRA-WORLI SEA LINK, MUMBAI, MAHARASHTRA
June 2021
For updated information, please visit www.ibef.org
Table of Contents
Executive Summary 3
Introduction 4
Economic Snapshot 9
Physical Infrastructure 15
Social Infrastructure 23
Industrial Infrastructure 26
Key Sectors 31
Key Procedures & Policies 42
Appendix 54
2
Executive Summary
1 Contribution to India’s GDP 7 Strong cotton production
• Maharashtra’s GSDP at current • Maharashtra is among the leading
1 7
prices was Rs. 26.62 trillion (US$ producers of cotton in India. In 2019-
366.67 billion) in 2020-21AE. 20, the state produced 6.64 million
• GSDP of the state increased at a bales of cotton.
CAGR (in Rs.) of 6.42% from 2015-
6
16 to 2020-21AE.
6 Industrial powerhouse
2 Highest FDI in India 2 • Maharashtra is the most industrialised
state in India and has maintained the
leading position in the industrial sector
• FDI inflow in Maharashtra stood at
5
in the country. The state is a pioneer
US$ 23,432.35 million between in small scale industries and boasts of
October 2019 and March 2021, the the largest number of special export
highest among all states in India.
3 promotion zones.
4
5 Significant production of
3 Largest container port
sugarcane and pomegranate
• Jawaharlal Nehru Port is the 4 India’s financial & educational hub
largest port in India in terms of • Maharashtra is one of the largest
container traffic. In FY20, the port producers of sugarcane and
• The state’s capital, Mumbai, is the commercial
handled 68.44 million metric pomegranate in the country.
capital of India and has evolved into a global
tonnes of traffic. • Sugarcane production reached 69.31
financial hub. The city is home to several global
million tonnes during 2019-20.
banking and financial service firms. Pune, another
major city in the state, has emerged as the
educational hub.
Source: Central Statistics Office, Socio Economic Survey of Maharashtra, 2020-21, Department of Industrial Policy & Promotion, Indian Port Association, Ministry of Agriculture
3
INTRODUCTION 4
Maharashtra fact file
Mumbai
Capital 365 persons per sq. km 121.68 million
Population density total population
3.08 lakh sq. km
geographical area 54.1 million 58.2 million
female population male population
929
Sex ratio
82.3% administrative districts: 36 (females per 1,000 males)
Key Insights literacy rate
The most commonly spoken language in the state is Marathi. Konkani, Hindi and English are the other prominent languages
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 in Mumbai.
Source: National Portal of India, Economic Survey 2020-21
5
Advantage: Maharashtra
Trade and commerce hub of India Policy incentives
The Government of Maharashtra has several policies in
The city of Mumbai is known as the trade
place to set up the right kind of business climate.
and commerce capital of India. It is also the
financial centre of India. These policies aim to motivate investors to invest into
various sectors in the state, thereby contributing to the
Maharashtra has emerged as a key hub for
overall development of the economy.
IT and ITeS, electronics and captive
business outsourcing industries.
.
Facilitating
infrastructure
Rich pool of skilled labour The state has a well developed
social, physical and industrial
Maharashtra has a literacy rate infrastructure. Apart from two
of 82.3% and is home to world international and eight domestic
class educational and IT airports, the state has two major and
institutions. 48 minor ports. It also has a well-
The state has a large base of developed power supply grid.
skilled and industrial labour, Maharashtra's infrastructure sector
making it an ideal destination for has grown significantly over the last
knowledge based and decade, with a substantial rise in the
manufacturing sectors. number of industrial clusters and
Public Private Partnership (PPP)
projects.
Source: Ministry of Statistics and Programme Implementation, News articles
6
Maharashtra in figures
Maharashtra’s Contribution to Indian Economy (2019-20) Physical Infrastructure in Maharashtra
GSDP GSDP as a percentage of all states’ GSDP Installed power capacity (MW) (as of April
India: 100.0 | Maharashtra: 13.85 2021)
India: 382,730.02 | Maharashtra: 44,176.12
GSDP growth rate (%)
India: 7.8% | Maharashtra: 9.3%
Wireless subscribers (million) (as of February 2021)
India: 1,167.71 | Maharashtra*: 94.06
Per capita GSDP (US$) Internet subscribers (million) (as of December 2020)
India: 2,152.9 | Maharashtra: 3,255.6 India: 795.18 | Maharashtra*: 100.45
National highway length (km) (as of December 2020)
Social Indicators
India: 136,440 | Maharashtra: 17,756.6
Literacy rate (%)
India: 74.04 | Maharashtra : 82.34 Major and minor ports (No.)
India: 13+187 | Maharashtra: 2+53
Birth rate (per 1,000 population) (2018)
India: 20.0 | Maharashtra : 15.9 Airport (No.)
India: 153 | Maharashtra: 14
Industrial Infrastructure
Operational & Maintenance PPP projects (No.) Investments
India: 1,824 | Maharashtra : 219 Cumulative FDI inflow from October 2019 to
March 2021 (US$ million)
Operational SEZs (No.)
India: 83,516.88 | Maharashtra: 23,432.35
India: 262 | Maharashtra : 37
Note - * - Includes Goa and Mumbai
Source – Refer Annexure
7
State Vision 2030
6 Skill
1 Industrial sector development
• Focus on growth of the • Establishing technical universities
manufacturing sector. for skill development.
• Creating conducive growth • Providing scholarships to pursue
professional courses.
environment.
1 6
5 Agriculture
2 GSDP growth • Promoting sustainable development in
agriculture by integrating schemes of
• US$ 50.6 billion allocated to
accelerate economic growth by
2 5 water shed development, use of
technology, enhancing processing
implementing specially designed capacity and skill development.
growth-oriented policies. • Promotion of agri-business through
PPP for Integrated Agricultural
Development (PPP-IAD) and develop
market linkages of horticulture.
3 Tourism
3 4
• Promote religious, adventure and
heritage tourism.
4 Infrastructure
• Training workers in the organised • 6,026 kms of national highway projects.
and unorganised sectors related to • Developing ports by investing ~US$ 2.4
tourism. billion.
Source: Confederation of Indian Industry
8
ECONOMIC SNAPSHOT 9
Economic snapshot – GSDP
GSDP of Maharashtra at Current Prices GSDP per capita of Maharashtra at Current Prices
CAGR (in Rs.) 6.42% CAGR (in Rs.) 2.56%
450.00 30 3,500 250000
400.00
28.19
3,255.62
3,000
229,488
399.85
26.62
25
3,033.43
25.80
3,028.63
200000
369.10
212,006
366.67
350.00
205,537
365.06
23.53
2,744.27
2,500
188,784
2,600.69
21.98
184,113
327.65
2,541.27
300.00 20
166,351
150000
300.37
19.66
250.00 2,000
15
200.00 1,500 100000
150.00 10 1,000
100.00 50000
5 500
50.00
- 0
0.00 0
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21AE
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21AE
US$ billion Rs. trillion US$ Rs.
At current prices, Maharashtra’s gross state domestic product The state’s per capita GSDP at current prices was Rs. 188,784
stood at Rs. 26.62 trillion (US$ 366.67 billion) in 2020-21AE. (US$ 2,600.69) in 2020-21AE.
GSDP of the state increased at a CAGR (in Rs.) of 6.42% from The per capita GSDP of Maharashtra increased at a CAGR of
2015-16 to 2020-21AE. 2.56% between 2015-16 and 2020-21AE.
Note: GSDP - Gross State Domestic Product, CAGR - Compound Annual Growth Rate, AE - Advance Estimates
Source: Central Statistics Office, Directorate of Economics and Statistics of Maharashtra
10Economic Snapshot – NSDP
NSDP of Maharashtra at current prices NSDP per capita of Maharashtra at current prices
400.00 30 3,500.00 CAGR (In Rs.) 8.32% 250000
CAGR (In Rs.) 9.37%
350.00 3,000.00
25
352.18
200000
24.83
2,867.49
325.77
300.00
322.92
202,130
2,500.00
2,679.02
2,677.32
22.77
187,118
291.37
20
2,440.39
20.81
172,663
250.00
265.09
150000
163,726
19.55
2,242.82
2,000.00
146,815
17.35
200.00 15
1,500.00
150.00 100000
10
1,000.00
100.00
50000
5 500.00
50.00
0.00 0 0.00 0
2015-16
2016-17
2017-18
2018-19
2019-20
2015-16
2016-17
2017-18
2018-19
2019-20
US$ billion Rs. trillion US$ Rs.
At current prices, the NSDP of Maharashtra was Rs. 24.83 At current price, the state’s per capita NSDP was Rs.
trillion (US$ 352.18 billion) in 2018-19. 202,129.62 (US$ 2,867.49) in 2019-20.
Maharashtra’s NSDP increased at a CAGR of 9.37% from The per capita NSDP of Maharashtra increased at a CAGR of
2015-16 to 2019-20. 8.32% between 2015-16 and 2019-20.
Note: NSDP - Net State Domestic Product, CAGR - Compound Annual Growth Rate
Source: Central Statistics Office, Directorate of Economics and Statistics of Maharashtra
11Economic snapshot – percentage distribution of GSVA
In 2019-20, the tertiary sector contributed 60.68% to the state’s Percentage distribution of GSVA
GSVA at current prices, followed by the secondary sector with a
contribution of 25.79%.
100% CAGR
The tertiary sector increased at a CAGR of 12.60% between 2011-12 51.07% 60.68%
and 2019-20. Growth was driven by trade, hotels, real estate, finance, 90%
insurance, transport, communications and other services.
80% 12.60%
The secondary sector increased at a CAGR of 7.74% between 2011-
12 and 2019-20. Growth in the secondary sector was driven by 70%
growth in the manufacturing, construction and electricity, gas & water
60%
supply industries.
50%
The primary sector expanded at a CAGR of 6.31% between 2011-12
30.88%
and 2019-20. Agriculture is the major contributor to growth of the 40%
primary sector, followed by forestry and fishing. 7.74% 25.79%
30%
As per the economic survey 20-21, primary sector was the least
impacted during COVID-19 pandemic due to timely and proactive 20%
measures taken by the government in 2020-21. 18.05%
10% 13.54%
6.31%
0%
2011-12 2019-20
Primary Sector Secondary Sector Tertiary Sector
Source: Central Statistics Office, Based on “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra, Government of Maharashtra.
12Economic snapshot – FDI inflow & investments
According to the Department for Promotion of Industry and Internal FDI^^ inflow in Maharashtra
Trade (DPIIT), between October 2019 and March 2021, FDI inflow in (US$ billion)
Maharashtra stood at US$ 23,432.35 million, accounting for ~28% of
the total FDI inflow in India. 158.49
160 17.58
During Magnetic Maharashtra 2.0 in June 2020, the state attracted
investment proposals of` Rs. 1.13 lakh crore (US$ 15.23 billion) with 13.82
11.38
expected employment >2.50 lakh. 140
120 13.42
Investment Intentions under Industrial Entrepreneurs 19.65
Memorandum (IEM) 100
Number of Amount 9.51
Year^
Investments (US$ billion) 80 6.36
3.42
8.72
2015 349 4.96 60 9.55
45.07
2016 378 5.70
40
2017 354 7.25
20
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
FY01-11
FY01-21
2018 426 12.60
2019 410 16.49
2020
247 5.11
(Until October 2020)
Note: ^^ - FDI data Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu, ^ - Calendar year
Source: Department for Promotion of Industry and Internal Trade, Economic, Maharashtra Socio Economic Survey 2020-21
13Economic snapshot – Maharashtra’s export trend
Export Trend (US$ billion) Principal Commodities Exported in FY21
80.00
Pearls, precious, semi
70.00 precious stones
74.00
72.85
69.73
67.43 Drug formulation, biologicals
66.57
60.00 17.48%
64.92
58.41
50.00 Gold and other precious
4.46% 3.22% metal jewellery
40.00 Motor vehicles/cars
1.78%
30.00
1.78% Iron and steels
69.54%
20.00
1.76%
Indl. Machinery For Dairy Etc
10.00
0.00 Others
FY15 FY16 FY17 FY18 FY19 FY20 FY21
Total exports from the state stood at US$ 58.41 billion in FY21.
Maharashtra exported key items such as pearls, precious and semi-precious stones, drug formulations and biologicals, gold and other precious
metal jewellery, motor vehicles & cars and iron & steel.
Source: Directorate General of Commercial Intelligence and Statistics
14PHYSICAL INFRASTRUCTURE 15
Physical Infrastructure – Roads
The state is well connected to its six neighbouring states and other Road type Road length (kms) (as of March 2020^)
parts of India through 18 national highways. The 94.5 km long
National highways 17,726
Mumbai-Pune expressway is India's 1st 6-lane, concrete, high
speed, tolled expressway, which connects the state capital & State highways 29,030
financial hub, Mumbai, with the neighbouring industrial hub, Pune. Major district roads 63,866
Under the State Budget 2021-22, the government spent 5.2% of its Other district roads 47,398
budget on roads and bridges, which is higher than the average
Village roads 148,335
allocation by states (4.3%) for roads and bridges (Rs. 22,608 crore
or US$ 3.06 billion has been allocated for construction of roads and
bridges). Road work completion under PMGSY
For 2021-22, additional roads at an estimated cost of Rs. 5,000 Year Road works (kms)
crore (US$ 681.52 million) will be undertaken through external
2017-18 23,198
assistance. An outlay of Rs. 12,950 crore (US$ 1.76 billion) has
2018-19 26,053
been proposed to the Public Works Department for road
2019-20 26,331
development and Rs. 946 crore (US$ 128.94 million) for road
2020-21 (until December 2020) 26,441
building scheme expenditure.
The state government proposed the ‘Hindu Hruday Samrat Expenditure on roads and bridges under state budget
Balasaheb Thackeray Maharashtra Samruddhi Mahamarg’, an eight- (US$ million)
lane expressway (701 kms long and 120 metre wide) connecting
4,000.00
Mumbai and Nagpur with a total estimated cost of Rs. 55,335.32 3,067.99
3,000.00 2,712.73
crore (US$ 7.6 billion). Of the total land required, 92.3% land was 2,346.33
acquired as of December 2020. 2,000.00
1,000.00
0.00
2019-20 2020-21RE 2021-22BE
Note: ^- Provisional, RE- Revised Estimate, BE- Budget Estimate
Source: Socio Economic Survey of Maharashtra, 2020-21, NHAI, News Articles, State Budget 2021-22
16Physical infrastructure – Railways
Project cost Incurred cost Expected year of
Metro/mono rail projects Current status
(US$ million) (US$ million) completion
Navi Mumbai Metro Rail (December 2020)
CBD Belapur-Pendhar 413.00 275.01 Work-in-progress -
Mumbai Metro Rail Project (October 2020)
Dahisar-D.N. Nagar (18.6 kms) 864.11 333.10 88% civil work completed FY21
D.N. Nagar-Mandale (23.6 kms) 1,480.99 112.44 In progress FY23
Colaba-Bandra-SEEPZ (33.5 kms) 3,118.90 2,144.78 Civil work in progress FY23
Wadala-Ghatkopar-Thane-Kasarwadavli (32 kms) 1,961.31 78.00 Civil work in progress FY22
Thane-Bhiwandi-Kalyan (23.5 kms) 1,134.67 22.24 In progress FY24
Andheri (E)- Dahisar (E) (16.5 kms) 836.88 269.10 83% civil work completed FY21
Nagpur & Pune Metro Rail Project (December 2020)
Nagpur metro: North-South corridor, East-West corridor 1,170.13 1,009.46 Construction underway -
Pune metro: Chichwad to Swargate, Vanaz to Ramwadi 1,539.50 726.06 50% completed -
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 6,209.98 kms (including 378 kms of Konkan Railway). The Government has passed resolution to form Maharashtra Railway
Infrastructure Development Company Ltd (MRIDC), being a joint partnership between state Government & Railway Ministry.
Under the State Budget 2021-22, the government has approved construction of the Pune-Nashik medium high-speed railway line with a proposed
length of 235 kms and estimated cost of Rs. 16,039 crore (US$ 2.18 billion); Nashik Metro Neo Project, a total length of 33 kms and estimated
cost Rs. 2,100 crore (US$ 286.03 million); Metrolite system in Thane city at an estimated cost of Rs. 7,165 crore (US$ 975.92 million) and Pimpri
Chinchwad to Nigdi Corridor 1 project at an estimated cost of Rs. 946.73 crore (US$ 128.95 million).
Source: Socio Economic Survey of Maharashtra, 2018-19, State Budget 2021-22, MMRDA: Mumbai Metropolitan Region Development Authority, News Articles.
17Physical infrastructure – Airports
Airport indicators
Overall figures Aircraft movements Passengers Freight
(no.) (no.) (MT)
2019-20 2020-21 2019-20 2020-21 2019-20 2020-21
Mumbai 304,675 115,864 32,361,666 10,914,194 863,782 592,966
Pune 54,261 19,831 8,085,607 2,137,859 37,986 26,419
Nagpur 23,093 9,282 3,061,548 948,237 9,586 6,726
Aurangabad 4,521 1,872 3,47,734 69,655 981 776
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.
In April 2018, the Government of Maharashtra announced plans to formulate a comprehensive civil aviation policy for the next 10 years which will
boost regional connectivity by allowing public-private partnership for construction of airports and helipads.
Airport Authority of India and Maharashtra Industrial Development Corporation signed an MoU in 2019 to start the operations at Ratnagiri airport
under the UDAN scheme.
An additional international airport has been proposed at Navi Mumbai through public-private partnership in four phases with an estimated cost of
Rs. 14,179 crore (US$ 1.95 billion) for Phase I to reduce air-traffic congestion at Chhatrapati Shivaji Maharaj International Airport, Mumbai. It is
one of the largest greenfield airports planned to handle a minimum of 6 crore passengers and 15 lakh MT of freight per annum.
Under the State Budget 2021-22, the government has given administrative and financial approval for construction of a new International Airport in
Pune.
Source: AAI (Airports Authority of India), News Articles
18Physical infrastructure – Ports
Along a coast line of 720 km, there are two principal ports: Mumbai Minor ports in Maharashtra
Port Trust (MbPT) and Jawaharlal Nehru Port Trust (JNPT). In Borya Kelwa-Mahim
Manori
addition, there are 48 minor ports.
Kalyan Jaigad Arnala (Includes
The non-major ports of Maharashtra collectively handled traffic of Datiware)
Thane Tiwri-Varoda
around 43.66 million tonnes (MT) in 2019-20.
Uttan
Purnagad
Major ports collectively handled 129.14 million tonnes (MT) of traffic in Versova
Bassein
2019-20. Bandra Jaitapur
Bhiwandi
Steps have been taken by the Government of Maharashtra for Trombay Vijaydurg
development of Rewas port, Vijaydurg port, Redi port, Vadhavan port, Alibag / Dharmatar
Ulwa-Belapur / Panvel Deogad
Trombay port and Karanja port through private sector participation. 13 Revdanda
Mora Achara
port projects have been sanctioned under Sagarmala for Maharashtra.
Borli / Mandla
Mandwa Malvan
Nandgaon
Traffic handled at major ports (million MT) Karaja Niwti
Murud-Janjira
Thal (Rewas) Vengurla
Traffic handled Rajpuri / Dighi
Year Redi
million tonnes (MT) Bankot
Manded
Kelshi Kiranpani
2014-15 125.46
Sriwardhan Ratnagiri
2015-16 125.14
Kumbharu Dahanu
2016-17 125.20
Harnai Tarapur
2017-18 128.83
Dabhol Nawapur
2018-19 131.29 Satpati
Palshet
2019-20 129.14
Source: India Ports Association, Socio Economic Survey of Maharashtra, 2020-21
19Physical infrastructure – Power
Maharashtra has a well-defined structure to regulate, generate, Installed power capacity (MW)
transmit and distribute power in the state.
As of April 2021, the state had a total installed power-generation 44,500.00
capacity of 44,176.12 MW, of which the private sector was the
biggest contributor with a capacity of 22,571.24 MW, followed by
44,176.12
44,000.00
44,143.90
13,660.97 MW from state utilities and 7,943.91 MW from central
utilities.
43,746.43
43,500.00
Thermal power contributed 29,876.91 MW to the total installed
power-generation capacity, followed by renewable power, 43,000.00
43,074.19
hydropower and nuclear power at 10,277.37 MW, 3,331.84 MW and
690.00 MW, respectively. 42,500.00
State ranks fourth in terms of installed capacity of renewable energy
42,000.00
Under the State Budget 2021-22, the government has proposed to
establish non-conventional energy projects with a capacity to 41,500.00
generate 25,000 MW until 2025. Projects, with a capacity of 9,305
41,409.84
MW, are already operational and projects of 2,000 MW are in 41,000.00
progress.
40,500.00
40,000.00
2021*
2017
2018
2019
2020
Note: * - until April 2021, MW- Megawatt
Source: Central Electricity Authority, State Budget 2021-22
20Physical infrastructure – Telecom
Telecom Infrastructure^ (As of February 2021) Major telecom operators in Maharashtra
Bharat Sanchar Nigam Limited
Wireless subscribers 94,062,844 Vodafone Idea
(BSNL)
Wireline subscribers Mahanagar Telephone Nigam
1,297,667 Reliance Jio
Limited (MTNL)
Teledensity (in %) 107.14 Bharti Airtel
Internet subscribers (million) Bharat Net status in Maharashtra
100.45
(as of December 2020)
Service-ready GPs (November 2020) 17,707
By February 2021, 71.32 million subscribers had submitted requests for mobile number portability in Maharashtra.
As of December 2020, there were 100.45 million subscribers in the state, the highest among all states in the country.
Note: ^- includes Goa and Mumbai
Source: Telecom Regulatory Authority of India, India Post, Ministry of Communications and Information Technology
21Physical infrastructure – Urban development
Under JNNURM, 2 schemes, namely, Basic Services to Urban Smart cities selected in Maharashtra
Poor (BSUP) & Integrated Housing & Slum Development Literacy rate
Cities Population Area (sq. km)
Programme (IHSDP) have been implemented by Maharashtra (%)
Housing & Area Development Authority. Based on population and Pune 9,429,408 15,643 86.15
the number of statutory towns, the Government of India shortlisted
Nagpur 4,653,570 9,892 88.39
44 cities which covers 76% of urban population under the Smart
City project. Nashik 6,107,187 15,530 82.31
Under the State Budget 2021-22, the government has allocated Aurangabad 3,701,282 10,107 79.02
Rs. 16,050 (US$ 2.18 billion) for urban development and Rs. 1,765
Solapur 951,118 148.9 82.80
(US$ 240.28 million) for Smart City Abhiyan.
Thane 1,818,872 147.00 89.41
Pimpri-Chinchwad 1,727,692 171.51 89.22
Classification of AMRUT Cities in Maharashtra^ (Funds
allocated, committed and sanctioned by central) (US$ million)
Total
Committed Sanctioned
Allocation
Fund under AMRUT
1,110.22 505.66 146.75
Program
Total number of
44
AMRUT cities
Note: ^ Status as of January 04, 2019
Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development, State Budget 2021-22
22SOCIAL INFRASTRUCTURE 23
Social infrastructure – Education
AICTE Approved Education Statistics (2020-21)
Undergraduate Postgraduate Diploma Literacy rate (%) in Maharashtra, 2017-18
Total Overall 82.3
571 699 601
Institutions
Total Intake 1,53,424 1,15,316 1,24,925 Male 88.4 Urban 91.7
Faculties 48,727 8,826 5,349 Female 75.9 Rural 79.4
In 2020-21, Maharashtra had a total of 9.700 AICTE-approved institutes.
In 2021-22, Maharashtra allocated 17.2% of its education budget, which is higher than the average budget (15.8%) allocated by states to
education (using 2020-21 BE). Rs. 74,830 crore (US$ 10.18 billion) has been allocated to the education, sports, arts and culture sectors.
• Of this, Rs. 24,159 crore (US$ 3.28) has been allocated for assistance to non-government secondary schools and junior colleges and Rs.
1,425 crore (US$ 194.02 million) to the Samagra Shiksha Abhiyan.
The National Education Policy 2020 (NEP 2020) was declared in July 2020 for transformational reforms in school and higher education systems in
the country.
In December 2020, Union Minister for Skill Development and Entrepreneurship, Mr. Mahendra Nath Pandey inaugurated the first batch of Indian
Institute of Skills in Mumbai, a joint initiative between Ministry of Skill Development & Entrepreneurship (MSDE), Government of India and Tata
Indian Institute of Skills.
• The programme aims at skill development and job creation under Skill India Mission and plans to provide an impetus to ‘Skill India’ programme
through private sector participation.
Source: Socio Economic Survey of Maharashtra, 2019-20, State Budget 2021-22, Census 2011, * : Provisional
24Social infrastructure – Health
Health infrastructure (As of December 2020)
Number of
Type of Hospital
Hospitals Life expectancy (2015-16)
Sub-Centres 10,668
Male (2016-20) 69.9
Primary Health Centres 1,830
Rural Hospitals (CHC) 364 Female (2016-20) 73.7
Sub - District Hospital 91
District Hospitals 23
As of December 2020, there were 76 ayurvedic hospitals, 469 ayurvedic dispensaries, 7 unani hospitals, 25 unani dispensaries and 55
homeopathic hospitals in the state.
As per the State Budget 2021-22, an outlay of Rs. 15,919 crore (US$ 2.31 billion) has been proposed for the health and family welfare sector. Out
of this, Rs. 1,875 crore (US$ 255.29 million) and Rs. 168 crore (US$ 22.87 million) have been allocated to the National Rural Health Mission and
the National Urban Health Mission, respectively.
In 2018, Government of India has proposed Rs. 767 crore (US$ 111.33 million) to increase availability of good health services in urban and rural
areas of Maharashtra by implementing National Health Mission.
In December 2020, Bhabha Atomic Research Centre (BARC), in Mumbai, developed the indigenous ‘Ruthenium 106 Plaque’, a therapy for eye
cancer, to treat ocular tumour.
Ministry of AYUSH is taking proactive measures to promote cultivation of herbs in line with its goal of ‘Atmanirbhar Bharat’ (self-reliant India).
o In December 2020, Ministry of AYUSH announced plans to establish a 'Nisarg Gram' campus in the upcoming campus of the upcoming new
campus of National Institute of Naturopathy (NIN) at Pune.
o In October 2020, AYUSH Minister inaugurated Tribal Unit of the National Institute of Naturopathy (NIN) at Gohe Budruk in Pune.
o In October 2020, Ministry of AYUSH set up the regional facilitation centre for medicinal plants sector at Pune.
Source: Ministry of Health and Family Welfare, Government of India, Socio Economic Survey of Maharashtra, State Budget 2021-22, BE- Budget Estimate
25INDUSTRIAL INFRASTRUCTURE 26
Special economic zones… (1/2)
Navi Mumbai Special Economic Zone (NMSEZ) is the agency Some of the operational SEZs in Maharashtra
responsible for the supervision and execution of SEZs in the state.
As of October 2020, the state had 37 exporting SEZs across Name/Developer Location Primary Industry
diversified sectors including textiles and apparel, food processing,
footwear and leather products, multi-product, pharma and IT SEZs. Maharashtra Airport
Development Company Ltd. MIHAN, Nagpur Multi product
Pune (20) has the highest number of operational SEZs, followed (MIHAN SEZ)
by Konkan (11), Aurangabad (3), Nagpur (2) and Nashik (1).
SEEPZ Special Economic
In addition to operational SEZs, as of October 2020, Maharashtra Mumbai Multi product
Zone
had 12 SEZs with valid in-principle approvals, 51 SEZs with formal
approvals and 45 SEZs with notified approvals. Maharashtra Industrial Engineering &
Aurangabad
Development Corporation Electronics
In 2019, around 15 Biotechnology SEZs have been proposed under
public sector with an investment of Rs. 4,968 crore (US$ 710.83
million). This project is expected to generate employment Wipro Ltd. Pune IT/ITES
opportunities of about 7.7 lakh.
Maharashtra Industrial
Pune IT/ITES
Development Corporation
Maharashtra Industrial
Nanded Pharmaceuticals
Development Corporation
Khed Economic Infrastructure
Pune Multi Product
Pvt. Ltd.
Maharashtra Industrial
Satara Engineering
Development Corporation
Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone, Socio Economic Survey of Maharashtra, 2020-21
27Special economic zones… (2/2)
Some of the SEZs with valid in-principal approvals Some of the SEZs with formal approvals
Primary
Name/Developer Location Name/Developer Location Primary Industry
Industry
Gujarat Positra Maharashtra Industrial
Mumbai SEZ Limited Port Infrastructure Multi-product Development Corporation Pune IT/ITeS
Ltd Limited MIDC
Quadron Business Parks Pvt. Pune, Syntel International Private
IT/ITeS Pune IT/ITeS
Ltd Maharashtra Limited
Raigad District, Pharmaceuticals
ISPAT Industries Limited Multi-product Serum Bio-pharma Park Pune
Maharashtra & biotechnology
Raigad, Maharashtra Industrial
Arshiya International Limited FTWZ Latur Agro-processing
Maharashtra Development Corporation
Maharashtra Airport Maharashtra Industrial
Nagpur, Nanded Pharmaceuticals
Development Company Power Development Corporation
Maharashtra
Limited Maharashtra Industrial Aurang Engineering &
Nashik, Development Corporation abad electronics
Gitanjali Gems Limited Multi-services
Maharashtra Wokhardt Infrastructure Aurang
Pharmaceutical
Development Limited abad
North Mumbai International Thane,
FTWZ Mumba
Commodity Township Pvt. Ltd. Maharashtra Hiranandani Builders IT/ITeS
i
Wardha, Biotechnolog New Found Properties and
Wardha Sakhar Karkhana Ltd. Thane IT/ITeS
Maharashtra y Leasing Pvt. Ltd.
Worldwide Oilfield Machine Pune, EON Kharadi Infrastructure
Engineering Pune IT/ITeS
Pvt Ltd Maharashtra Private Limited
Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone
28Mumbai as financial hub of India…(1/2)
Mumbai is the capital of the state of Maharashtra and the financial Market Capitalization (in US$ billion)
capital of India. The city houses a majority of the headquarters of
large corporates and financial institutions in the country. In addition, 3,000.00
major stock exchanges, commodity exchanges and capital markets
2,814.55
of India are situated in Mumbai.
2,500.00
Mumbai is home to 3 stock exchanges (BSE, NSE and MSE) and 3
commodity exchanges (ICEX, MCX, NCDEX).
2,207.14
2,179.08
2,161.78
2,136.82
2,000.00
1,986.87
Market capitalisation of the BSE and NSE in FY21 stood at Rs.
1,811.67
1,785.43
204.31 trillion (US$ 2,814.55 billion) and Rs. 199.36 trillion (US$
1,659.74
1,623.90
1,500.00
1,609.98
1,986.87 billion), respectively.
1,447.50
1,422.31
1,271.43
1,225.67
1,202.93
1,173.17
1,145.83
1,000.00
500.00
0.00
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
BSE NSE
Source: SEBI, BSE, NSE, News Articles
29Mumbai as financial hub of India…(2/2)
The Government has completed the master planning of Delhi- Companies listed on NSE and BSE
Mumbai Industrial Corridor (DMIC) and the preliminary engineering
od Phase-I has been undertaken. Aurangabad Industrial City
7,719
7,500
7,651
7,586
(AURIC), is being developed on a 10,000 acres land as a well -
7,501
7,172
planned and Greenfield smart industrial city which is a part of DIMC.
6,500
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 5,500
2021 & 2019, respectively.
The number of companies listed on the NSE increased from 135 in
4,500
1995 to 1,913 by December 2020.
In FY20, the number of listed companies on the NSE and the BSE
3,500
were 1,795 and 5,377, respectively.
2,500
1,500
FY16 FY17 FY18 FY19 FY20
Note: *BSE Equity Segment
Source: Maharashtra Economic Survey 2019-20, National Stock Exchange, SEBI
30KEY SECTORS 31
Key sectors – Finance … (1/2)
At current prices, contribution of the financial sector to the GSDP of ATMs deployed in Maharashtra, March 2021
the state increased at a CAGR of 9.7% between 2011-12 and 2019-
20. 30,000
27,471
Aggregate deposits and credit of scheduled commercial banks in
25,000
Maharashtra stood at US$ 420.6 billion and US$ 398.9 billion,
respectively, in 2020-21.
20,000
Deposits and credit of scheduled commercial banks in
15,000 12,821
Maharashtra by bank group (2020-21)
11,365
No. of Credit 10,000
Deposits
Bank group banking
(US$ billion) (US$ billion)
offices
5,000 2,831
Public sector
7760 213.0 189.0 216 224
banks
-
Small Finance
Public Sector
Private Sector
Total
Foreign Banks in
White Label ATMs
Foreign banks 117 46.1 24.9
Banks
Banks
Banks
India
RRBs 739 2.5 1.4
Private banks 3926 157.1 181.9
Small finance
618 1.9 1.7 As of March 2021, out of 238,588 ATMs in the country,
banks
Maharashtra accounted for 27,471 ATMs—the state with the
Total 13,160 420.6 398.9 highest number of ATMs.
Source: Reserve Bank of India, Quarterly statistics of Deposits and Credits of Scheduled banks by RBI.
32Key sectors – Finance … (2/2)
Scheduled commercial banks in Maharashtra
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
Headquarters & employees: Headquartered in Mumbai with over 300,000 employees
Website: www.sbi.co.in
Foundation year: 1935 (the bank has the largest network of branches in Maharashtra and is a
public sector bank)
Banking services: Loans, credit cards, savings, investment vehicles, insurance, investment
banking, mortgage loans, private banking etc.
Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with
2,000 branches in 29 states
Website: www.bankofmaharashtra.in
Foundation year: 1994
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
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
Source: Reserve Bank of India, Bank websites
33Key sectors – IT/ITES and electronics … (1/2)
IT is one of the top-notch sectors in the state, with maximum thrust, Prominent information technology parks in Maharashtra
development and investment.
District Number of IT parks
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 Pune 193
Greater Mumbai, Pune, Thane, and Nasik. Pune is the leader in
Business Process Outsourcing (BPO) services. Greater Mumbai 175
The Government has launched WiFi services, which will connect 500
Thane 167
hotspots across Mumbai, under the smart city project.
Maharashtra Industrial Development Corporation (MIDC), CIDCO Nagpur 5
and Software Technology Park of India developed 37 public IT parks,
which are functioning in the state with an investment of ~Rs. 18,000 Nashik 5
crore (US$ 2.5 billion).
MIDC approved 546 private IT parks with proposed investment of Aurangabad 3
Rs. 92,484 crore. Of this, 199 parks are already operational with an
overall investment of Rs. 29,729 crore (US$ 4.1 billion) and employ Wardha 1
~7.75 lakh people (until November 2020).
Total 549
Prominent information technology parks in Maharashtra
• Talawade IT Park, Dehu-Moshi Road, Pune. • Sangli IT Park, Vishrambag, Sangli
• Millennium Business Park (MBP), Navi Mumbai • Nagpur IT Park, Nagpur
• Hinjewadi IT Park Phase I, Hinjewadi, Pune • Deogiri Infotech Park, Aurangabad
• Hinjewadi IT Park Phase II, Hinjewadi, Pune • Kharadi IT Park, Kharadi, Pune
• Kolhapur IT Park, Kolhapur
Source: Maharashtra Industrial Development Corporation, News Articles, Economic Survey 2020-21
34Key sectors – IT/ITES and electronics … (2/2)
Key Players
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.
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.
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 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.
35Key sectors – Textiles … (1/2)
Maharashtra contributes about 10.4% to India’s textiles and apparels
Cotton production in Maharashtra (million bales)
output. The state contributes about 25% of India’s cotton production.
The textile industry is the largest employer in Maharashtra and
contributes around 28% to India's total exports. 10.00
10.76
Textile parks, aimed to provide world-class infrastructural 8.00
8.83
7.50
7.66
7.50
6.00
10.76
7.00
components for the textile sector and enhance productive capacity,
6.64
6.59
6.09
4.00
are being set up in Maharashtra to maintain its leadership position in
2.00
textile exports and production. Some of the textile parks are the
-
Nardhana Textile Park in Dhule, Butibori (Nagpur) Textile Park and
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
Ambernath Textile Park.
The State Government approved a new textile policy for a tenure of
2018-23 with an aim to attract investment of Rs. 36,000 crore
(US$5.6 billion) and increase employment.
Raw silk production (in MT)
In 2019-20, the state produced 6.6 million bales of cotton and 409
MT of raw silk. Year Volume
As per the State Budget 2021-22, an outlay of Rs. 1,284 crore (US$ 2014-15 221
174.73 million) has been proposed for the Department of Co- 2015-16 274
operation, Marketing and Textiles for scheme expenditure.
2016-17 259
2017-18 373
2018-19 496
2019-20 409
2020-21 (as of October 2020) 206
Source: Central Silk Board, Economic Survey, 2020-21, News Articles.
36Key sectors – Textiles … (2/2)
Key Players
Raymond was incorporated in 1925 and is a leading Indian textile major. The company is part of
global conglomerate Raymond Group.
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.
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.
37Key sectors – Auto and auto components … (1/2)
Maharashtra accounts for ~35.1% of the country’s output of Category wise numbers of a few categories of motor vehicles
automobiles by value. on the road in Maharashtra (as of January 1)
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 Vehicle Type 2021* 2020
players like Bajaj Auto Limited, Daimler Chrysler Limited, Tata Motor-cycles, scooters &
2,83,40,408 27,711,430
Motors, where as Nasik is home to one of India's largest multi-utility mopeds
vehicle manufacturers - Mahindra & Mahindra Limited. LMV (cars, jeeps, station
53,88,475 52,36,377
The Government of Maharashtra is finalising a policy to encourage wagons & taxis)
manufacturing of electric vehicles. Manufacturing of one hundred Auto rickshaws 10,60,616 10,52,228
thousand electric vehicles per year in the next 3 to 5 years has been
Buses (stage carriages,
envisaged under the policy. Incentives offered may include a 15%
contract carriages, 158,420 157,418
subsidy to buyers, which is expected to boost demand, and refunding school buses & PSV)
of SGST to manufacturers.
Tractors 8,68,750 8,27,581
In FY21, exports of motor vehicles and cars stood at US$ 1.04 billion.
Motor vehicles per lakh of
31,168 30,746
population
Investment opportunities in the auto sector
Partnership and CVs to benefit from Diversification in two
alliances for auto increasing wheeler segment
component sector infrastructure activity
Design centers
and heightened
Vehicle retailing
international interest Auto financing
Low cost vehicles
R&D
Note: * - Provisional
Source: Economic Survey 2020-21
38Key sectors – Auto and auto components … (2/2)
Key Players
Bajaj Auto is a major Indian automobile manufacturer. The company is the world's fourth-largest
two- and three-wheeler manufacturer. 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.
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).
Ashok Leyland is an Indian automobile company. It is owned by the Hinduja Group. Founded in
1948, it is the second-largest commercial vehicle manufacturer in India, fourth largest
manufacturer of buses in the world and 10th largest manufacturer of trucks globally.
The company has an integrated transmission manufacturing plant in Bhandara Plant,
Maharashtra since 1982. The 232-acre (112 acre built up area) facility is also equipped for
vehicle assembly.
Mahindra and Mahindra is one of the major auto manufacturers of India. The company has
expanded to 22 key industries since its establishment in 1945. The company’s automobile
products include light, medium and heavy commercial vehicles, jeep type vehicles and
passenger cars. It also manufactures agricultural tractors, agricultural implements, internal
combustion engines, industrial petrol engines, spare parts and machine tools. It has
manufacturing facilities at Mumbai, Pune, Nagpur and Nasik.
39Key sectors – Gems and jewellery
Gems and Jewellery Industry is considered as one of the key sectors
Exports from Maharashtra (US$ billion)
of the State.
Mumbai is India’s most important diamond cutting and polishing
centres. 25.00 25.00
Maharashtra is one of the key exporters of Gems and Jewellery* in
24.07
the country.
20.00 20.00
19.28
Gems & Jewellery Hubs in Maharashtra
18.15
15.00 15.00
13.62
10.00 10.00
10.20
5.00 5.00
3.37
3.27
2.59
1.88
1.80
- -
FY17 FY18 FY19 FY20 FY21
Pearls, Precious and Semi-Precious Stones
Gold and Other Precious Metal Jewellery
Note: * – includes pearls, precious semi precious stones, gold and other precious metal jewellery
Source: Directorate General of Commercial Intelligence and Statistics Maharashtra Industrial Development corporation
40Key sectors – Tourism
Maharashtra is a major trade and tourist destination of India,
Tourist arrivals in Maharashtra (million)
attracting thousands of tourists from across the world every year. It is
the fourth most visited state of India.
180.0
There are many temples in Maharashtra, some of them being
hundreds of years old, constructed in a fusion of architectural styles
5.5
160.0
borrowed from north and south India. Maharashtra has its own folk
music. Folk musical programmes, such as Gondhal, Lavani, Bharud
149.2
140.0
5.1
5.1
and Powada, are popular, especially in rural areas.
4.6
The state is home to the Hindi film industry Bollywood, which 120.0
4.4
119.2
119.1
produces the largest number of films globally. Maharashtra has a
4.4
115.4
score of pilgrimage destinations, ranging from the ones that revolve 100.0
4.1
103.4
around mythology (e.g., Nasik; Warkar and Pune) and those
92.6
celebrating the achievements of religious leaders and reformers 80.0
82.7
(Shirdi, Haji Ali shrine) to new age pilgrimage destinations such as
the Osho Commune at Pune. 60.0
The state has launched Unlimited Maharashtra advertising campaign
through newspapers and television channels to attract tourists during 40.0
summer vacations. A half-hour ferry ride across Mumbai harbour
takes visitors to view the superbly carved 1,300 years old cave 20.0
temple on the little island of Elephanta, a favourite picnic spot.
The state announced the Beach Shack Policy in August 2020 and 0.0
2013 2014 2015 2016 2017 2018 2019
Agro Tourism Policy in September 2020 to promote the tourism
industry. Domestic Tourists Foreign Tourists
Under the State Budget 2021-22, the government has allocated Rs.
1,367 crore (US$ 186.22 million) for the tourism department.
Source: Ministry of Tourism, Government of India
41KEY PROCEDURES AND POLICIES 42
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.
43Single–window clearance mechanism … (2/3)
Agency Description
Land Department- Services
Fire Department- Services
Engineering - Water Department- Services
MIDC services Engineering - Drainage Department- Services
Engineering - Power Department- Services
SPA Department- Services
Technical Advisor Department- Services
IT SEZ Department- Services
Directorate of Industries - Services
Labour Department- Services
Airport Authority of India - Services
Non-MIDC 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
44Single–window clearance mechanism … (3/3)
Agency Description
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
Non-MIDC 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
45Contact list … (1/3)
Agency Description Contact information
The work of the Directorate of Industries,
Maharashtra state, is mainly confined to the
development and progress of large-scale,
Development Commissioner of
small-scale and cottage industries in the Industries
state. The Department of Industries was Government of Maharashtra
reorganised and the Directorate of Industries Directorate of Industries
New Administrative Building,
Directorate of Industries was formed in August 1960. Control of 2nd Floor, Opposite Mantralaya,
cottage industries was transferred to the Mumbai
Directorate of Industries with effect from 1st Maharashtra-400 032
Phone: 91-22-22028616
December, 1960. didci@maharashtra.gov.in
Website: http://di.maharashtra.gov.in/
It also assists in the formulation and
implementation of various policies and
promotional schemes.
46Contact list … (2/3)
Agency Description Contact information
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.
Krushi Udyog Bhavan
Maharashtra Agro Industries Development Dinkarrao Deasi Marg, Aarey Milk
Maharashtra Agro Colony
Corporation Limited (MAIDC) has also been
Industries Development Goregaon (East), Mumbai- 400065,
Corporation Limited designated as the state nodal agency by Maharashtra, India
(MAIDC) Ministry of Food Processing Industries, Phone: 91-22-29272027
Email: md@maidcmumbai.com
Government of India. In its role as state
Website: www.maidcmumbai.com
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.
47Contact list … (3/3)
Agency Description Contact information
MIDC’s objectives are:
• To achieve balanced industrial
development of Maharashtra with an
emphasis on developing parts and
Udyog Sarathi
underdeveloped parts of the state. Mahakali Caves Road,
Andheri (E)
• Help in infrastructural development of each Mumbai-400 093
Maharashtra Industrial and every district in Maharashtra. Phone: 91-22-
Development Corporation 26870052/54/73
(MIDC) • Facilitate entrepreneurs in setting up Fax: 91-22-26871587
industries at various locations. Email:
feedback@midcindia.org
MIDC is an agent of the state Government for Website: www.midcindia.org
carrying out activities of acquisition and
disposal of land, provision of infrastructure
facilities and providing other services to
industrial centres.
48Key approvals required … (1/2)
List of approvals and clearances required Departments to be consulted
Prior to setting up the unit
Registration / Allotment of land/shed Development Authority
Permission for land use Industrial Development Authorities
No-objection certificate under the Water Act, 1974 and the Pollution Control Board
Air Act, 1981
Approval for construction activity and building plan Development Authority
No-objection certificate Fire Department
Provisional Trade Tax registrations / Registration under
Central and State Excise Departments
Central Sales Tax Act, 1956
Before commencement of production
No-objection certificate under the Water Act, 1974 and the
Pollution Control Board
Air Act, 1981
No-objection certificate Fire Department
Permanent trade tax registration under Central Sales Tax
Act 1956 / Registration under Central Sales Tax Act 1956 Central and State Excise Departments
After commencement of production/activity
Registration Industries Department
49Key approvals required … (2/2)
Timelines for approvals and clearances
Department Timeline
Issuance of allotment order 15 days
Possession of plot/shed 7 days
Building plans approval 15 days
Grant of water connection 10 days
Urban land ceiling permission 10 days
50Cost of doing business in Maharashtra
Cost parameter Cost estimate Source
Commercial: US$ 0.2 to US$ 1,158.3
Land (per sq m) Maharashtra Industrial Development Corporation (MIDC)
Industrial: US$ 0.2 to US$ 579.2
Domestic: 4.5-16 cents
Commercial: 11.7-23.5 cents
Power (per kWh) Economic Survey 2015-16
Agricultural: 4.3 cents
Industrial: 8.8-19.97 cents
Ministry of Labour and Employment, Government of
Labour (per day) US$ 1.2 to US$ 6
India, Wage Rates July 1, 2015 to Dec 31, 2015
5-star hotel room (single
US$ 97-US$ 220 Maharashtra Tourism Development Corporation
occupancy, per night)
As per the World Bank and Department for Promotion of Industry and Internal Trade (DPIIT) report - Assessment of State Implementation of
Business Reforms 2017, the state ranked 13th in the Ease of Doing Business Index.
51State acts & policies … (1/2)
Magnetic Maharashtra Initiative
In December 2020, under its 'Magnetic Maharashtra' initiative, the government signed a
1 memorandum of understanding (MoUs) worth Rs. 61,000 crore (US$ 8.33 billion) with 25
Indian companies in more than 15 sectors. It is estimated that the MoU is likely to create
2.53 lakh jobs across the state. Read more
Agro-tourism policy
2
Rural growth through tourism, accessibility of agricultural production markets, promotion of
agricultural partnerships, provision of job opportunities for women and young people in
rural areas.
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Stamp duty to boost real estate sector
The government has agreed to cut stamp duty to boost the real estate market. The stamp
3 duty will be reduced from 5% to 2% on housing units from September 1, 2020. By December
31, 2020, the rate will be effective. The stamp duty will be 3% from January 1, 2021 until
March 31, 2021. Read more
Industrial Policy of Maharashtra 2019
4
To attract investment of US$ 1.43 trillion by 2023-24 and create 4 million job opportunities
To attain manufacturing sector growth rate of 12% to 13% to reach GSDP share of 25% by
2023-24.
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