MAHARASHTRA GATEWAY TO INDIA - BANDRA-WORLI SEA LINK, MUMBAI, MAHARASHTRA - IBEF
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BANDRA-WORLI SEA LINK, MUMBAI, MAHARASHTRA MAHARASHTRA GATEWAY TO INDIA For updated information, please visit www.ibef.org March 2018
Table of Content Executive Summary .…………….….…….3 Advantage Maharashtra ………………….5 State Vision ………………………………..6 Maharashtra – An Introduction …….…….7 Annual Budget 2018-19 …………...……20 Infrastructure Status ...............................21 Business Opportunities …….………...…39 Doing Business in Maharashtra ………..68 State Acts & Policies …….………........…77
EXECUTIVE SUMMARY … (1/2)
Highest contribution to Maharashtra’s GSDP at current prices was US$ 336.4 billion in 2016-17 and accounted for 14.8 per cent of
India’s GDP India’s GDP, the highest among all states.
Total FDI in the state during April 2000 to December 2017 stood at US$ 113.82 billion1, the highest among all
Highest FDI in India states in India.
Jawaharlal Nehru Port is the largest port in India in terms of container traffic. During 2017-18 (up to February
Largest Container Port
2018), the port handled 59.876 million metric tonnes of traffic.
The state’s capital, Mumbai, is the commercial capital of India and has evolved into a global financial hub.
India’s financial and
The city is home to several global banking and financial service firms. Pune, another major city in the state,
educational hub has emerged as the educational hub.
Source: Central Statistics Office, Socio Economic Survey of Maharashtra, 2017-18, Department of Industrial Policy & Promotion, Indian Port Association, 1Including Daman & Diu and
Dadra & Nagar Haveli
3 MAHARASHTRA For updated information, please visit www.ibef.org
EXECUTIVE SUMMARY … (2/2)
Significant production of Maharashtra is one of the largest producers of sugarcane and pomegranate in the country. Sugar production
sugarcane and is expected to reach 7.34 million tonnes in 2017-18. During 2016-17, the production of pomegranates was
pomegranate recorded to be 1.44* million tonnes.
Maharashtra is the most industrialised state in India and has maintained the leading position in the industrial
Industrial powerhouse sector in the country. The state is a pioneer in small scale industries and boasts of the largest number of
special export promotion zones. The state has 19.3 per cent of overall manufacturing GSDP.
Maharashtra is among the leading producers of cotton in India. The state produced 8.9 million bales of cotton
Strong cotton production
during 2016-17.
Source: As per 1st advance Estimates
Source: Ministry of Agriculture, News Articles, Economic Survey 2015-16
4 MAHARASHTRA For updated information, please visit www.ibef.org
ADVANTAGE: MAHRASHTRA
2016-17 Trade and commerce hub of India Policy incentives 2016-17
The city of Mumbai is known as the trade and The Government of Maharashtra has several policies
commerce capital of India. It is also the financial centre in place to set up the right kind of business climate.
GSDP of the of India. These policies aim to motivate investors to invest into Per capita
state was Maharashtra has emerged as a key hub for IT and various sectors in the state, thereby contributing to the
GSDP was
US$ 336.4 ITeS, electronics and captive business outsourcing overall development of the economy.
US$ 2,802
billion industries.
Advantage
Maharashtra
Rich pool of skilled labour Facilitating infrastructure
The state has a well developed social, physical and
Maharashtra has a literacy rate of 82.3% and is home
industrial infrastructure. Apart from four international
to world class educational and IT institutions.
and seven domestic airports, the state has two major
The state has a large base of skilled and industrial and 53 minor ports. It also has a well developed power
labour, making it an ideal destination for knowledge supply grid.
based and manufacturing sectors.
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.
Source: Government of Maharashtra
5 MAHARASHTRA For updated information, please visit www.ibef.org
STATE VISION
Focus on growth of the manufacturing Establishing technical universities
sector. for skill development.
Creating conducive growth Providing scholarships to pursue
environment. professional courses.
Industrial sector Skill development
Promoting sustainable development US$ 50.6 billion allocated to
in agriculture by integrating schemes accelerate economic growth by
of water shed development, use of implementing specially designed
technology, enhancing processing growth oriented policies.
capacity and skill development. Agriculture Vision GSDP growth
Promotion of agri-business through
PPP for Integrated Agricultural
Development (PPP-IAD) and develop
market linkages of horticulture. Tourism Infrastructure
Promote religious, adventure and
heritage tourism. 6,026 km of national highway projects.
Training workers in the organised Developing ports by investing
and unorganised sectors related to approximately US$ 2.4 billion.
tourism.
Source: Confederation of Indian Industry
6 MAHARASHTRA For updated information, please visit www.ibef.orgMAHARASHTRA FACT FILE
The most commonly spoken language in the state is Marathi.
Konkani, Hindi and English are the other prominent languages.
Parameters Maharashtra
Capital Mumbai
Geographical area (lakh sq. km) 3.08
Administrative districts (No) 36
Source: Maps of India
Population density (persons per sq. km) 365
Maharashtra is situated in the western region of the country. The
state shares borders with Gujarat, Madhya Pradesh, Chhattisgarh, Total population (million) 118.1
Andhra Pradesh, Karnataka, Goa and the Union Territory of Dadra
and Nagar Haveli. On its west is the Arabian Sea. Male population (million) 61.2
Mumbai, Pune, Nagpur, Thane, Nasik, Solapur, Kolhapur, Sangli, 56.9
Female population (million)
Aurangabad, Amravati and Ratnagiri are some of the major cities of
Maharashtra. Sex ratio (females per 1,000 males) 929
India's main stock exchanges, capital market and commodity
exchanges are located in Mumbai. Literacy rate (%) 82.3
Source: National Portal of India, Economic Survey 2015-16
7 MAHARASHTRA For updated information, please visit www.ibef.orgMAHARASHTRA 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$) 2,545 1,546 Central Statistics Office
Physical Infrastructure
Installed power capacity (MW) 42,356.85 334,146.91 Central Electricity Authority, as of February 2018
Telecom Regulatory Authority of India, as of
Wireless subscribers (No) 130,136,065 1,1,151,936,422
January 2018
Telecom Regulatory Authority of India, as of
Internet subscribers (million) 58.34 445.95 December 2017
NHAI, Roads and Building Department-Government
National highway length (km) 15,436 115,435 of India
Major and minor ports (No) 2 + 53 13+187 India Ports Association 2016
Airports (No) 11 125 Airports Authority of India
Note: Telecom Regulatory Authority Of India , Central Electricity Authority.
8 MAHARASHTRA For updated information, please visit www.ibef.orgMAHARASHTRA IN FIGURES … (2/2)
Parameter Maharashtra All states Source
Social Indicators
Literacy rate (%) 82.3 73.0 Census, 2011
Birth rate (per 1,000 population) 15.9 20.4 SRS Bulletin, September 2017
Investment
Department of Industrial Policy & Promotion, April
Cumulative FDI equity inflows (US$ billion)1 113.82 367.93
2000 to December 2017
Industrial Infrastructure
DEA , Ministry of Finance, Government of India,
Operational PPP projects (No) 1,144 9,068
February 2018
Ministry of Commerce & Industry, Department of
Operational SEZs (No) 28 222
Commerce, December 2017
Note: 1Combined FDI inflows for Maharashtra, Dadra & Nagar Haveli and Daman & Diu, PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration
System
9 MAHARASHTRA For updated information, please visit www.ibef.orgECONOMIC SNAPSHOT – GSDP
GSDP of Maharashtra at current prices (in US$ billion) Per capita GSDP (US$)
400.0 2,900.0 CAGR 3.03%
CAGR 4.26%
350.0 2,800.0
2,802
336.4
300.0 2,700.0
303.5
295.4
250.0 2,600.0
273.7
273.1
268.8
200.0
2,558
2,500.0
2,520
150.0 2,400.0
2,414
2,362
100.0 2,300.0
2,347
50.0 2,200.0
0.0 2,100.0
2015-16
2011-12
2012-13
2013-14
2014-15
2016-17
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
At current prices, GSDP* of Maharashtra was US$ 336.4 billion The state’s per capita GSDP^ at current price was US$ 2,802
in 2016-17. in 2016-17.
GSDP of the state grew at a CAGR of around 4.26% from The per capita GSDP of Maharashtra grew at a CAGR of
2011-12 to 2016-17. 3.03% between 2011-12 and 2016-17.
Note: GSDP - Gross State Domestic Product, CAGR – Compound Annual Growth Rate, GSDP* - Socio Economic Survey of Maharashtra, 2017-18, Per Capita GSDP^ - calculated
using GSDP million US$/ Population in million
Source: Central Statistics Office, “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra
10 MAHARASHTRA For updated information, please visit www.ibef.orgECONOMIC SNAPSHOT – NSDP
NSDP of Maharashtra at current prices (in US$ billion) NSDP per capita of Maharashtra at current prices (in US$)
CAGR 3.04%
350.00 2,500
CAGR 4.27%
24.67
300.00 2,400
296.14
250.00 2,300
267.53
257.93
240.34
240.31
236.09
22.55
200.00 2,200
2,200
150.00 2,100
2,124
2,074
2,062
100.00 2,000
50.00 1,900
0.00 1,800
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
At current prices, NSDP# of Maharashtra was US$ 296.14 At current price, the state’s per capita NSDP was US$
billion in 2016-17. 2,466.70 in 2016-17.
Maharashtra’s NSDP# grew at a CAGR of around 4.27% from The per capita NSDP of Maharashtra grew at a CAGR of
2011-12 to 2016-17. 3.04% between 2011-12 and 2016-17.
Note: NSDP - Net State Domestic Product, CAGR – Compound Annual Growth Rate, NSDP# - Geometric mean of YoY calculation from 2011-12 to 2016-17 , per capita NSDP& -
calculated using NSDP million US$/Population in million , Socio Economic Survey of Maharashtra, 2017-18.
Source: Central Statistics Office, Based on “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra
11 MAHARASHTRA For updated information, please visit www.ibef.orgECONOMIC SNAPSHOT – PERCENTAGE
DISTRIBUTION OF GSDP
Over 2016-17, the tertiary sector contributed 56.04 per cent to the Percentage distribution of GSDP
state’s GSDP at current prices, followed by the secondary sector
with a contribution of 28.63 per cent.
100% CAGR
At a CAGR of 13.6 per cent, the tertiary sector has been the fastest 51.07% 56.04%
growing among the three sectors from 2011-12 to 2016-17. Growth 90%
was driven by trade, hotels, real estate, finance, insurance, transport,
80% 13.6%
communications and other services.
The secondary sector grew at a CAGR of 9.8 per cent between 70%
2011-12 and 2016-17. The growth in secondary sector was driven by
60%
growth in manufacturing, construction and electricity, gas & water
supply industries. 50%
30.88%
The primaryµ sector expanded at a CAGR of 7.9 per cent between 40% 28.63%
2011-12 and 2016-17. Agriculture is the major contributor in the 9.8%
growth of the primary sector followed by forestry and fishing. 30%
The World Bank in January 2017 announced that it will fund the state 20%
Government project named Climate Resistant Agriculture to reclaim 18.05%
500,000 hectares saline lands, spread in 1,000 villages. The World 10% 15.33%
7.9%
Bank will contribute US$ 416.48 million out of the US$594.97 million
0%
for the joint project. 2011-12 2016-17
Primary Sector Secondary Sector Tertiary Sector
Note: Sector-wise % share of GSDPµ -Geometric mean of YoY calculation from 2011-12 to 2016-17
Source: Central Statistics Office, Based on “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra, Government of Maharashtra.
12 MAHARASHTRA For updated information, please visit www.ibef.orgECONOMIC SNAPSHOT – AGRICULTURAL
PRODUCTION … (1/2)
Crop
Sugarcane, cotton, onion, soya bean, banana, jowar (sorghum) & Annual Production (2017-18) Kharif Rabi
rice are some of the key agricultural products of Maharashtra. (‘000 MT) (tentative)
Total food grain production in the state stood at around 17.23 million Sugarcane 67,863 -
tonnes in 2016-17. Soya bean 3,886 -
In July 2017, the state government extended the date to disburse an Groundnut 260 -
advance payment of US$ 155.21 to farmers as financial assistance
to the needy farmers till August 31, 2017. Sunflower 7 4
Jowar 417 1,510
As per the Agriculture Marketing and Farmer Friendly Reforms
Index, the state secured the top position in pursuing farmer friendly Rice 2,661 -
policies during 2016.
Wheat - 1,208
Area (‘000 hectares) and production (‘000 MT) of horticulture Bajra 616 -
crops in Maharashtra Maize 2,977 473
25000.0 Cotton (Lint) 6,049 -
24277.0
24265.2
20000.0 Other Oilseeds 1 -
21668.7
20755.4
19719.8
18378.3
15000.0
Other Cereals 19 1
2649.2
2651.2
2380.2
1673.9
10000.0
1726.9
1522.3
Other Pulses 54 43
5000.0
Total Food grains 8,163 5,117
0.0
Total Oilseeds 4,163 24
2016-17
2012-13
2013-14
2014-15
2015-16
2017-18*
Total Cereals 6,784 3,193
Area Production Total Pulses 1,379 1,924
Source: Socio Economic Survey of Maharashtra, 2017-18, Indian Horticulture Database
13 MAHARASHTRA For updated information, please visit www.ibef.orgECONOMIC SNAPSHOT – AGRICULTURAL
PRODUCTION … (2/2)
An amount of US$ 63.81 million has been allocated to the state for Sugarcane production in Maharashtra (million MT)
2017-18, under the National Agricultural Development Scheme
(RKVY). 100.00
The state government also proposed establishment of organic 80.00
91.53
86.73
81.90
75.38
farming research & training centres across four universities related to 60.00
69.65
69.23
67.86
64.16
54.24
agriculture for the endorsement of organic farming in the state. 40.00
20.00
During 2016-17, the state recorded production of 5,851.30*
0.00
thousand MT of onion.
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18*
Vegetable production in Maharashtra (‘000 MT)
Vegetable 2013-14 2014-15 2015-16 2016-17#
Sugar production in Maharashtra (million MT)
Onion 5,864 5,361 6,529 5851
12.0
Potato 370 370 251 543
10.0
10.5
Tomato 1,200 1,200 977 977
8.0
8.0
7.7
7.7
7.3
9.1
9.0
6.0
7.0
Production of pomegranates in Maharashtra (‘000 MT)
4.0
5.0
2013-14 945
2.0
2014-15 1,313
0.0
2014-
2009-
2010-
2011-
2012-
2013-
2015-
2016-
2017-
2015-16
18F
1,486
15
10
11
12
13
14
16
17
2016-17* 1,437
Note: # As per 1st advance estimates, F – Forecast, * 2nd advance estimates
Source: Department of Agriculture & Co-operation, Ministry of Agriculture, Socio Economic Survey of Maharashtra, 2017-18
14 MAHARASHTRA For updated information, please visit www.ibef.orgECONOMIC SNAPSHOT – FDI INFLOWS &
INVESTMENTS
According to the DIPP, cumulative FDI inflows1 in the state of FDI equity inflows1, 2008-09 to 2017-18 (US$ million)
Maharashtra during April 2000 to December 2017 stood at US$
113.82 billion.
20,000
In 2017, 354 investment intentions worth US$ 7.46 billion have been
19,654
15,000
proposed in the state, making up 12.29% of all the proposals in India.
10,000
12,431
11,541
6,097 6,361 6,361
9,553
9,511
8,249
5,000 3,420
-
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
Approved and commissioned industrial projects for major
Industries (August, 1991 to December, 2017)
Industry Approved proposals Commissioned projects
No. Investment (US$ billion) No. Investments (US$ billion)
Metallurgical 1,938 15.77 956 5.80
Chemicals & fertilizers 2,917 10.58 1,426 3.93
Textile 2,073 8.67 974 2.94
Electrical & electronics 1,236 4.55 708 1.43
Sugar 1,584 6.28 258 1.38
Processed food 1,123 4.01 479 1.19
Note: 1Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu
Source: Department of Industrial Policy & Promotion, Economic, Maharashtra Socio Economic Survey 2017-18
15 MAHARASHTRA For updated information, please visit www.ibef.orgECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT
TRENDS…(1/2)
In FY18(1), Maharashtra’s exports totalled to around US$ 27.9 billion.
Exports trends (US$ billion)
Major products exported from the state are gems & jewellery,
petrochemicals, readymade garments, cotton yarn, metal & metal
90.0
products, agro-based products, engineering items, drugs &
pharmaceuticals and plastic & plastic items.
84.0
80.0
Maharashtra is the largest producer of sugar in India. In May 2015,
the Government of Maharashtra, approved a subsidy of US$ 16.7
73.9
70.0
72.1
per ton (up to the extent of 800,000 tonnes) for the exports of raw
67.6
69.8
66.7
66.6
sugar. 60.0
In November 2015, Maharashtra sugar mills entered into a deal with
neighbouring markets such as Sri Lanka and Bangladesh, etc., for 50.0
49.15
48.1
exporting 2 lakh MT of white sugar.
40.0
Coca Cola, a major soft drink producing giant will be procuring
oranges from Vidarbha, Nagpur for producing juices, that would be
30.0
sold worldwide. The production would take place at its Butibori plant
27.9
20.0
10.0
0.0
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18(1)
Note: (1) up to November 2017
Source: Socio Economic Survey of Maharashtra, 2017-18
16 MAHARASHTRA For updated information, please visit www.ibef.orgECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT
TRENDS…(2/2)
Maize exports from Maharashtra (‘000 MT) Pulses exports from Maharashtra (‘000 MT)
900
300
800
700 250 284
768
600 655 664
200
500
526
400 150 176
150 157
300 142
322 100
200
100 50 78
103
0
0
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2012-13
2011-12
2013-14
2014-15
2015-16
2016-17
Dairy product’s exports from Maharashtra (thousand MT)
50.0 39.5
40.0
30.0 21.8
20.0 11.2 7.1
4.7 6.0
10.0
0.0
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Source: APEDA,
17 MAHARASHTRA For updated information, please visit www.ibef.orgSTATE BUDGET 2018-19
Department Expenditure (US$ billion)
School Education 7.96
Urban Development 4.99
Rural Development and Water Conservation 2.57
Home 2.11
Water Resources 1.90
Industries, Energy and Labour 1.83
Tribal Development 1.73
Public Health 1.88
Others 1.83
Note: Exchange rate = Converted using 1USD= Rs 64.74
Source: PRS Maharashtra Budget 2018-19.
18 MAHARASHTRA For updated information, please visit www.ibef.orgPHYSICAL INFRASTRUCTURE – ROADS … (1/2)
Sanctioned length under Central Road Fund in Maharashtra
The state is well connected to its six neighbouring states and other
(kms)
parts of India through 18 national highways. The 94.5 km long
Mumbai-Pune expressway is India's 1st 6-lane, concrete, high
10000
speed, tolled expressway, which connects the state capital &
financial hub, Mumbai, with the neighbouring industrial hub, Pune.
1000
In December 2015, the state government approved an elevated road
977.87
1234
project on Ghodbunder Road from Gaimukh for a proposed
257
100
investment of US$ 132.7 million. As of December 2017, construction
of the road is being fast-tracked with the Thane civic body working 10
overtime to get the basics in place.
The state government plans to construct a new proposed 8-lane 1
2014-15
2015-16
2016-17
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 10,000 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, Thane creek bridge-3 worth US$ 115.36 million,
Road length (km)
Road type
(as of 2016-17)
widening of the Mumbai-Pune Expressway to 8 lanes from the
existing 6 lanes between Lonavala & Khalapur worth US$ 713.61 National highways 12,275
million and many more.
Moreover, The Maharashtra State Road Development Corporation State highways 34,450
(MSRDC), plans to construct a 1.8 km six-lane third bridge at Vashi
Major district roads 52,637
with a budget of Rs 777 crore (US$ 120 million).
Other district roads 58,116
Village roads 145,881
Source: Socio Economic Survey of Maharashtra, 2017-18, NHAI, News Articles
19 MAHARASHTRA For updated information, please visit www.ibef.orgPHYSICAL INFRASTRUCTURE – ROADS … (2/2)
Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in Expenditure on road works under Pradhan Mantri Gram Sadak
2000 with the objective of connecting eligible rural habitants. For the Yojana in Maharashtra (US$ million)
year 2017-18, PMGSY has set target to connect 8,808 habitations by
63.6
constructing a road length of 27,207 km. A length of 25,665 km has 70.0
been constructed by connecting 8,584 habitations by November, 60.0
2017.
50.0
In November 2015, the 785-meter long Vanjarpatti flyover in
40.0
Bhiwandi was inaugurated and constructed over a part of extended
Mumbai Urban Infrastructure Project (MUIP) 30.0
10.5
As per budget 2017-18, the state government proposed an outlay of 20.0
5.7
3.9
US$ 15.38 million for acquisition of land, special subsidy package, 10.0
etc. under the MIHAN project.
0.0
In October 2017, the state government approved construction of
2016-17
2014-15
2015-16
2017-
18*
10,000 km under a revamped Hybird Annuity Model. Under the
tweaked model the state government will release 60 per cent of the
funds in the first two years instead of the earlier 40 per cent, and the
payment tenure for the rest amount will be 15 years instead of 10
years.
Pradhan Mantri Gram Sadak Yojana (PMGSY) (up to January
2018)
Habitations connected 1282
Length completed (km) 25,672.87
Note: * - As of October 2017.
Source: Socio Economic Survey of Maharashtra, 2017-18
20 MAHARASHTRA For updated information, please visit www.ibef.orgPHYSICAL INFRASTRUCTURE – RAILWAYS
The rail transport system of Maharashtra is very well developed. The The government in February 2017, has sanctioned construction of 7
state is well-connected to other parts of the country with a railway new railway lines & several other projects, including Chhatrapati
network spanning 6,103 km (including 378 km of Konkan Railway). Shivaji Terminus-Panvel fast elevated corridor, worth US$4.64
Central Railways has introduced special superfast weekly trains to billion.
Shirdi from Lokmanya Tilak Terminus and Dadar stations. Metro/mono rail projects
During 2015-16, the state government initiated work on the stage of Project Current status
Phase-I CBD Belapur-Pendhar-Taloja MIDC-Kalamboli- Mumbai Metro Rail Project cost (US$ /implementation
Khandeshwar-Navi Mumbai International Airport corridor, which is million) period
expected to be accomplished by 2017. Work on the 11.1 km long
Phase IIA : Dahisar-D.N. 32 per cent
Belapur-Pendhar road is under progress. 979.22
Nagar (18.6 km) completed
As per budget 2017-18, the state government allocated US$ 109.2
Phase III: Colaba-Bandra- Civil works in
million for boosting the execution of Nagpur to Pune metro rail 3,534.37
SEEPZ (33.5 km) progress
project and for the further development of Mumbai Metro line.
Phase IV: Wadala-Ghatkopar- Tender process in
A total of US$ 1.61 billion was raised for the Mumbai Urban Thane-Kasarwadavli (32 km)
2,917.81
progress
Transport Project III (MUTP III) which includes development of an
elevated link between Airoli and Kalwa, helping passengers to avoid Phase VII: Andheri (E)- 40 per cent civil works
948.37
interchanging at Thane. Dahisar (E) (16.5 km) completed
The government has passed resolution to form Maharashtra Railway Nagpur & Pune Metro Rail
Project
Infrastructure Development Company Ltd (MRIDC), being a joint
partnership between state government & Railway Ministry. Nagpur metro : North-South Construction
1,341
corridor, East-West corridor underway
Under Union Budget 2018, Central Ministry allocated Rs 11,000
crore (US$ 1.7 billion) to enhance Mumbai city’s train system and Pune metro: Chichwad to Construction
1,764
construct more 90 km of double line rail in Mumbai suburban. Swargate, Vanaz to Ramwadi underway
CIDCO is constructing the first phase of elevated Metro Rail from Mumbai Mono Rail Project
CBD Belapur-Pendhar, total length of 11.10 km, with overall Wadala to Chembur & Sant Phase I: complete,
estimated cost of Rs 3,063.63 crore (US $ 473 million). Gadge Maharaj Chowk Phase II: To
375.80
(Jacob circle) to Wadala (20 commence in January
Source: Socio Economic Survey of Maharashtra, 2017-18, State Budget 2016-17,
MMRDA: Mumbai Metropolitan Region Development Authority, News Articles. km) 2018
21 MAHARASHTRA For updated information, please visit www.ibef.orgPHYSICAL 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. 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 received environmental clearance
for US$ 520.6 million expansion plan, which will allow it to ferry 50
million passengers by 2020.
International airport
Domestic airport
Source: AAI (Airports Authority of India)
22 MAHARASHTRA For updated information, please visit www.ibef.orgPHYSICAL INFRASTRUCTURE – AIRPORTS … (2/2)
Domestic
Passengers (‘000 thousand) Aircraft movement (‘000) Freight (‘000 MT)
airport
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
Passengers (l’000 thousand) Aircraft movement (‘000) Freight (‘000 MT)
airport
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)
23 MAHARASHTRA For updated information, please visit www.ibef.orgPHYSICAL INFRASTRUCTURE – PORTS
Along a coast line of 720 km, there are two principal ports: Mumbai Port Minor ports in Maharashtra
Trust (MbPT) and Jawaharlal Nehru Port Trust (JNPT). In addition, there
Manori Harnai Dahanu
are 53 minor ports. During April-November 2017, total traffic handled at
the two major ports in Maharashtra was recorded at 85.59 million tonnes, Kalyan Dabhol Tarapur
of which JNPT accounted for 43.26 million tonnes while, Mumbai port
Thane Palshet Nawapur
handled around 42.33 million tonnes of port traffic.
The non-major ports of Maharashtra collectively handled passenger traffic Versova Borya Satpati
of around 8.2 million passengers and cargo of 15.5 million tonnes, during Jaigad Kelwa-Mahim
Bandra
2016-17 (up to September 2017).
Trombay Tiwri-Varoda Arnala
Steps have been taken by the Government of Maharashtra for
development of Rewas port, Vijaydurg port, Redi port, Vadhavan port, Ulwa-Belapur Purnagad Datiware
Trombay port and Karanja port through private sector participation. 13
Panvel Jaitapur Uttan
port projects have been sanctioned under Sagarmala for Maharashtra.
Mora Vijaydurg Bassein
Operational ports statistics Mandwa Deogad Bhiwandi
For major Karaja Achara Alibag
2013-14 2014-15 2015-16 2016-17
ports
Thal Malvan Revdanda
Traffic Niwti Borli / Mandla
Rewas
handled 121.517 125.46 125.137 125.2
(million MT) Bankot Vengurla Nandgaon
For minor Kelshi Redi Murud-Janjira
2014-15 2015-16 2016-17 2017-18*
ports Kiranpani Rajpuri
Sriwardhan
Dharamtar Ratnagiri Mandad
Traffic handled
27.3 28.9 34.8 22.8
(million MT) Kumbharu Dighi
Note: * : up to November 2017.
Source: India Ports Association, Socio Economic Survey of Maharashtra, 2017-18
24 MAHARASHTRA For updated information, please visit www.ibef.orgPHYSICAL INFRASTRUCTURE – POWER
As of February 2018, the state had a total installed power generation Installed power capacity (MW)
capacity of 42,356.85 MW.
Thermal power contributed 30,358.16 MW to the total installed power
45,000
generation capacity, followed by renewable power, hydropower and
nuclear power with contributions of 7,976.85 MW, 3,331.84 MW and
42,357
40,000
41,410
690 MW, respectively.
40,589
38,551
The private sector was the biggest contributor to the total installed 35,000
thermal power generation capacity in Maharashtra with a capacity of
34,005
13,024.00 MW, followed by 10,842.00 MW under state utilities and
30,000
30,354
6,492.16 MW under central utilities.
The state government also proposed a new scheme for improving 25,000
26,142
electricity distribution system in the state. As per the budget 2016-17,
22,645.00
an investment of US$ 45.98 million has been projected by the 20,000
government for this new scheme.
In May 2017, the state government unveiled a new energy 15,000
conservation policy with the aim to save 1,000 MW of electricity and
US$ 933 million. The emphasis of the policy is on use of renewable 10,000
energy and switching to energy efficient methods. Also, it is expected
to generate employment for 8,500 people. 5,000
0
2016-17
2010-11
2011-12
2012-13
2013-14
2015-16
2017-18*
2014-15
Note: *As of February 2018
Source: Central Electricity Authority
25 MAHARASHTRA For updated information, please visit www.ibef.orgPHYSICAL INFRASTRUCTURE – TELECOM
According to Telecom Regulatory Authority of India (TRAI), Telecom Infrastructure (As of January 2018)
Maharashtra had 130.14 million wireless subscribers and 4.77
1
million wireline subscribers, as of January 2018. Wireless subscribers 130,136,065
By the end of January 2018, 43,516,077 subscribers had submitted Wireline subscribers
1
4,766,039
requests for mobile number portability in Maharashtra. Moreover, the
tele-density in Maharashtra stood at 108.03 per cent as of January Internet subscribers* (million) 58.34
2018.
Post offices 12,8592
Tele density (in %) 108.03
Source: Telecom Regulatory Authority of India, February 2015, India Post, Ministry of
Communications and Information Technology, *As of September 2017, 1 Figure includes
Goa
Performance status of NOFN project (as of April 2016)
No. of GPs in Phase-I 12,055 Major telecom operators in Maharashtra
Bharat Sanchar Nigam Limited Vodafone Essar
Pipe laid (km) 14,214 (BSNL)
Reliance Communications
(1) Mahanagar Telephone Nigam
Cable laid (km) 29,042 Tata Teleservices
Limited (MTNL)
(1)
Bharti Airtel Aircel Limited
GPs for which cable laid 12,983
Idea Cellular
No. of GPs Lit 150
Source: Telecom Regulatory Authority of India
(1) Note: As of December 2017
26 MAHARASHTRA For updated information, please visit www.ibef.orgDEVELOPMENT 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.
In 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
27 MAHARASHTRA For updated information, please visit www.ibef.orgDEVELOPMENT PROJECTS: URBAN & SOCIAL
INFRASTRUCTURE … (2/2)
Urban Infrastructure Projects under JNNURM
Project name Amount (US$ million) Project name Amount (US$ million)
Revised in BSUP scheme for construction Integrated Civic Infrastructure
of 219 Dus in Panch Zopda and Gopal 1.76 Development Project (ICIDP) Phase. I, 20.04
Nagar slums in Nagpur, Maharashtra Nagpur, Maharashtra
Revised DPR for "Construction of 1,694
Houses at four locations of Nagpur City
BSUP scheme for construction of 279 Dus
2.06 for Rehabilitation of Urban/Poor under 19.36
in Jat Tarodi slum in Nagpur,. Maharashtra
JNNURM - BSUP- PPP scheme -
Nagpur".
Implementation of Integrated Housing
Revised BSUP scheme for construction of
Projects (788 Dus) under BSUP at
456 Dus in 5 slums of North Nagpur in 2.53 5.38
Nanded City. Dist. Nanded,
Nagpur, Maharashtra.
Maharashtra.
Revised BSUP scheme for construction of Implementation of Integrated Housing
365 Dus in Gopal Nagar and Bh. Anand projects (958 Dus) under BSUP at
4.45 Nanded City. Distt. Nanded, 6.97
Kausalyayan Nagar slums in Nagpur
Maharashtra Maharashtra
Revised BSUP scheme for construction of Implementation of Integrated Housing
630 Dus in Savitribai Phule Nagar slum in 6.21 Projects (1183 Dus) under BSUP at 8.87
Nagpur, Maharashtra Nanded city. Dist. Nanded, Maharashtra
Revised BSUP scheme for construction of Implementation of Integrated Housing
1017 Dus in Indira Nagar, Indiramata projects (1567 Dus) under BSUP at
9.44 Nanded City. Distt. Nanded, 11.84
Nagar, Wanjara and Bokar nagar (4 slums)
slums in Nagpur, Maharashtra Maharashtra
Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development
28 MAHARASHTRA For updated information, please visit www.ibef.orgDEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE
PARTNERSHIP (PPP) PROJECTS
Project cost
Project name PPP type Sector Stage
(US$ million)
4 laning Pune - Shirur Road (BOT) Transport Completed 16.04
Hydro Electric Power (Waghur) Project (BOT) Energy Under construction 1.10
Operation and
Hydel Power (Vajra - III) Project (BOT) Energy 1.10
maintenance stage
Operation and
Hydro Electric Power (Urmodi) Project (BOT) Energy 2.20
maintenance stage
Hydro Electric Power (Upper Vaitarna) Project (BOT) Energy Under construction 2.20
Social and commercial
School Building (Solapur) Project (DBOOT) Under construction 0.97
infrastructure
Hydro Electric Power (Temghar) Project (BOT) Energy Under construction 2.93
Operation and
Hydro Electric Power (Parseoni) Project - Package 2 (BOT) Energy 3.23
maintenance stage
Hydro Electric Power (Nisare) Project (BOT) Energy Under construction 1.68
Source: DEA, Ministry of Finance, Government of India, BOT: Build-Operate-Transfer, DBOOT: Design-Build-Own-Operate-Transfer, O&M: Management Contract
29 MAHARASHTRA For updated information, please visit www.ibef.orgDEVELOPMENT PROJECTS: SEZs … (1/3)
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 December 2017, the state had 28 exporting SEZs across Name/Developer Location Primary Industry
diversified sectors including textiles and apparel, food processing,
footwear and leather products, multi-product, pharma, IT SEZs, etc. Maharashtra Airport
In October 2017, the state government adopted a SEZs policy in Development Company Ltd. Mihan,Nagpur Multi product
(MIHAN SEZ)
which all 28 SEZs with total investment of Rs 35,024 crore (US$ 5.41
billion) were planned on an area of 4,087 ha to generate employment SEEPZ Special Economic Electronics and gems
Mumbai
of about 52.5 million. Zone and jewellery
In 2017, around 12 Bio-technology – SEZs have been proposed
Maharashtra Industrial
under public sector with an investment of Rs 4,733 crore (US$ 731 Aurangabad Engineering
Development Corporation
million). This project is expected to generate employment
opportunities of about 0.165 million. Computer/electronic
Wipro Ltd. Maharashtra
software
Maharashtra Industrial Computer/electronic
Pune
Development Corporation software
Maharashtra Industrial Chemicals &
Nanded
Development Corporation pharmaceuticals
Khed Economic Infrastructure Engineering &
Pune
Pvt. Ltd. electronics
Maharashtra Industrial
Satara Engineering
Development Corporation
Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone , Socio Economic Survey of Maharashtra, 2017-18
30 MAHARASHTRA For updated information, please visit www.ibef.orgDEVELOPMENT PROJECTS: SEZs … (2/3)
In addition to operational SEZs, as of December 2017, Maharashtra Some of the SEZs with formal approvals
had 11 SEZs with valid in-principle approvals, 57 SEZs with formal
approvals and 49 SEZs with notified approvals. Name/Developer Location Primary Industry
Maharashtra Industrial
Development Corporation Limited Pune IT/ITeS
MIDC
Syntel International Private
Pune IT/ITeS
Limited
Pharmaceuticals &
Serum Bio-pharma Park Pune
biotechnology
Maharashtra Industrial
Latur Agro-processing
Development Corporation
Maharashtra Industrial
Nanded Pharmaceuticals
Development Corporation
Maharashtra Industrial Auranga Engineering &
Development Corporation bad electronics
Wokhardt Infrastructure Auranga
Pharmaceutical
Development Limited bad
Hiranandani Builders Mumbai IT/ITeS
New Found Properties and
Thane IT/ITeS
Leasing Pvt. Ltd.
EON Kharadi Infrastructure
Pune IT/ITeS
Private Limited
Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone
31 MAHARASHTRA For updated information, please visit www.ibef.orgDEVELOPMENT PROJECTS: SEZs … (3/3)
Some of the SEZs with valid in-principal approvals
Name/Developer Location Primary Industry
Mumbai SEZ Limited Gujarat Positra Port Infrastructure Ltd Multi-product
Gitanjali Gems Limited Nanded, Maharashtra Gems and jewellery
ISPAT Industries Limited Raigad District, Maharashtra Multi-product
Gitanjali Gems Limited Aurangabad, Maharashtra Gems and jewellery
Gitanjali Gems Limited Nagpur, Maharashtra Multi-product
Maharashtra Airport Development Company Limited Nagpur, Maharashtra Power
Gitanjali Gems Limited Nashik, Maharashtra Multi-services
Redi Port Ltd. Post Redi, district Sindhudurg, Maharashtra FTWZ
North Mumbai International Commodity Township Pvt. Ltd. Thane, Maharashtra FTWZ
Wardha Sakhar Karkhana Ltd. Wardha, Maharashtra Biotechnology
Worldwide Oilfield Machine Pvt Ltd Pune, Maharashtra Engineering
Source: Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone
32 MAHARASHTRA For updated information, please visit www.ibef.orgSOCIAL INFRASTRUCTURE – EDUCATION
During 2017-18, Maharashtra’s education infrastructure comprised of
22 universities, 106,527 primary schools, 26,879 secondary & higher Education infrastructure (2017-18)
secondary schools. No. of Student
Institution
Primary schools had 15,909 thousand students enrolled during the Institutions Enrollment
year, of which 7,450 thousand were girls, with 542 thousand Primary schools* 106,527 15,909
teachers. Secondary schools in the state had 6,648 thousand
Secondary and higher
enrolled students, of which 3,042 thousand were girls, with 218 26,879 6,648
secondary schools*
thousand teachers. Government of Maharashtra is focusing on
Engineering colleges
education of girls in the state. Various schemes such as Kasturba
(diploma, graduate and 1,025 151,651
Gandhi Balika Vidyalaya, Ahilyabai Holkar Scheme & Attendance post-graduate)
Allowance Scheme have been introduced for promoting girl
Industrial training institutes
education in the state. 881 118,595
(ITIs)
As per budget 2016-17, the state government allocated an amount of Architecture colleges
US$ 20.99 million for the “National Secondary Education Mission” 97 4,857
(Graduate, Post-Graduate)
which was initiated by the central government, in association with the
Arts, science, commerce &
state government, and aims at delivering quality education to all law colleges (Graduate, 2,341 821,931
students undergoing secondary education. Further, the state Post-Graduate)
government also decided to digitise all public libraries approved by
Pharmacy (diploma,
the government, with an allocated amount of US$ 2.62 million during graduate and post-graduate, 576 32,572
2016-17. Pharma D)
In addition, an outlay of US$ 113.04 million for Sarv Shiksha Abhiyan Literacy rate (%) in Maharashtra, 2015-16
has been proposed by the central & state governments, collectively.
As of February 2017, a total of 18,225 schools had completed their Overall 82.3
self assessments, which is the 1st stage of the new accreditation Male 88.4 Urban 88.7
system Shaala Siddhi 2016, adopted by all states in India.
Female 69.9 Rural 77
Source: Socio Economic Survey of Maharashtra, 2017-18, State Budget 2016-17, Census 2011, * : Provisional
33 MAHARASHTRA For updated information, please visit www.ibef.orgSOCIAL INFRASTRUCTURE – HEALTH
Health infrastructure (2017-18)(1) Health indicators of Maharashtra (As of September 2017)
Sub-Centres
10,580 Doctor to patient ratio 1: 27,790(1)
Primary Health Centres 1,814 Registered doctors 148,575(1)
Rural Hospitals (CHC) 360
Birth rate (per thousand persons) 15.9
Primary Health Units
193
Death rate (per thousand persons) 5.9
Mobile Medical Units 40
Infant mortality rate (per thousand live
Sub-district Hospitals 19
births)
a) 50 beds 58
b)100 beds Life expectancy at birth (years) (2015-16)
28
District Hospitals 23 Male (2016-20) 69.9
Hospitals having Medical Colleges 16 Female (2016-20) 73.7
General Hospitals (Malegaon, Khamgaon &
Ulhasnagar 200 beds each, Malad-Malwani
As per budget 2017-18, an outlay of US$ 1.27 billion has been
60 beds) 4
proposed by the state government for Public Health Department.
Women Hospitals 13 Moreover, for increasing the coverage of insurance being provided to
Mental Hospitals 4 beneficiaries in the state, the state government proposed an
Leprosy Hospitals allocation of US$ 45.82 million during 2016-17.
4
TB Hospitals In 2018, Government of India has proposed Rs. 964 crore (US$ 149
4
million) to increase availability of good health services in urban and
rural areas of Maharashtra by implementing National Health Mission.
Source: Ministry of Health and Family Welfare, Government of India, Socio Economic Survey of Maharashtra, 2017-18, (1) As on 31st December, 2017
34 MAHARASHTRA For updated information, please visit www.ibef.orgCULTURAL 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
35 MAHARASHTRA For updated information, please visit www.ibef.orgAMRUT AND SMART CITIES
On the basis of population and the number of statutory towns, the Smart cities selected in Maharashtra
Government of India shortlisted 9 cities, namely, Amravati,
Aurangabad, Greater Mumbai, Kalyan-Dombivali, Nagpur, Nashik,
Cities Population Area (sq. km) Literacy rate
Navi Mumbai, Pune, Solapur & Thane under the Smart City project.
In November 2015, the UK government selected 2 cities of
Pune 9,429,408 15,643 86.15%
Maharashtra, that is, Pune & Amravati to develop as smart cities.
The agreement is expected to boost the Indo-UK trade. Nagpur 4,653,570 9,892 88.39%
As per budget 2016-17, the state government launched a scheme for
Nashik 6,107,187 15,530 82.31%
smart city for delivering eco-friendly & ecological urban life to the
state’s citizens. Among the first selected 20 states, Pune & Solapur Aurangabad 3,701,282 10,107 79.02%
are also included. Moreover, the state government has also decided
to develop other 8 smart cities in the state as well. In Budget 2017- Solapur 951,118 148.9 82.80%
18, the state and central allocated a sum of US$ 246.1 million
Thane 1,818,872 147.00 89.41%
towards this programme.
Pimpri-Chinchwad 1,727,692 171.51 89.22%
Nagpur
In Budget 2018-19, the Government of India has proposed Rs 1,316
Nashik crore (US$ 203 million) for the year 2018-19 to develop eight smart
Bhiwandi cities selected under the Smart City Mission.
Aurangabad
Mumbai
Pune
36 MAHARASHTRA For updated information, please visit www.ibef.orgKEY INDUSTRIES
The resources, policy incentives, infrastructure and climate support Key Industries in Maharashtra
investments in the state. Maharashtra Agro Industries Development Pharmaceuticals Oil & gas
Corporation, founded in 1965, is responsible for development of
agro-based units in the state. MIDC is responsible for the Biotechnology Food & agro processing
development of industrial infrastructure. Maharashtra Small Scale
IT and ITeS Gems and jewellery
Industries Development Corporation was formed in 1962 to provide
new orientation and strength to the development of small-scale Electronics Banking, financial services and
industries in the state. Its main objective is to aid, counsel, assist, insurance (BFSI)
Engineering
finance, protect and promote interests of small industries.
Textiles
Auto & auto components
The Government of Maharashtra is promoting the development of
several Special Economic Zones (SEZs) across Maharashtra for Establishment of MSME units
sectors such as IT/ITeS, pharmaceuticals, biotechnology, textile,
automotive & auto components, gems & jewellery and food MSME Investment Employment
Year
processing. As of December 2017, the state has 28 exporting SEZs, units (US$ million) (lakh)
of which the majority share is contributed by IT/ITeS, engineering 2007-08 10,244 348.46 1.39
and electronics segment.
2008-09 11,682 503.36 1.71
Government of Maharashtra has decided to convert Navi Mumbai’s
2009-10 11,896 462.57 1.50
2,140 hectares of SEZs land into integrated industrial area.
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
(1)
2015-16 20,220 624.81 1.66
Source: Economic Survey 2015-16, MAIDC - Maharashtra Agro Industries Development Corporation, (1)Up to September 2015, News Articles
37 MAHARASHTRA For updated information, please visit www.ibef.orgFINANCIAL SECTOR … (1/7)
At current prices, the contribution of the banking and insurance Gross State Value Added by Financial Services at current
sector to the GSDP of the state increased at a CAGR of 10.54% prices (US$ billion)
between 2005-06 and 2015-16. 30.00
At constant prices, the contribution of banking and insurance sector 25.00
27.69
27.27
25.41
in the GSDP of the state increased at a CAGR of 4.57% between 20.00
23.24
20.04
15.00
18.29
2008-09 and 2014-15.
10.00
Aggregate deposits and credit of scheduled commercial banks in 5.00
Maharashtra stood at US$ 334.2 billion and US$ 355.20 billion 0.00
2015-16
2011-12
2012-13
2013-14
2014-15
2016-17
respectively, in 2017-18.
Deposits and credit of scheduled commercial banks in
Maharashtra by bank group
No. of Banking and insurance contribution to GSDP at constant prices
Deposits Credit (US$
Bank group banking
(US$ million) million) (in US$ billion)
offices
Rural 30.00
9,823 7,220 25.00
5,822
25.71
25.12
23.76
Semi-urban 20.00
23.12
22.97
19,790 12,036
20.09
19.21
15.00
Urban/Metropolitan 10.00
6,369 304,593 335,947
5.00
Total -
12,191 334,207 355,202
2013-14
2008-09
2009-10
2010-11
2011-12
2012-13
2014-15
(1)Note: As of March 2017,
Exchange rate = USD1 – Rs 64.74
Source: Reserve Bank of India, Socio Economic Survey of Maharashtra, 2017-18
38 MAHARASHTRA For updated information, please visit www.ibef.orgFINANCIAL SECTOR … (2/7)
As of December 2017, out of 221,658 ATMs in the country, ATMs deployed in Maharashtra, June 2017
Maharashtra accounted for 25,662 ATMs making it the state with the
highest number of ATMs deployed. 30,000
Not only is the state home to headquarters of many financial
companies, it also houses various financial regulatory bodies 25,000
25,835
including Reserve Bank of India (RBI), Securities and Exchange
Board of India (SEBI), Forwards Market Commission (FMC).
20,000
15,000 14,260
9,424
10,000
5,000
1,729
249
-
Public Sector Banks
Total
Private Sector Banks
Foreign Banks in India
White Label ATMs
Source: Reserve Bank of India
39 MAHARASHTRA For updated information, please visit www.ibef.orgFINANCIAL SECTOR … (3/7)
Scheduled commercial banks in Maharashtra
Reserve Bank of India
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.
State Bank of Foundation year: 1956 (owned by Government of India)
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), Q3 – Total Income Rs
62,887.06 crore (US$ 9,713.79 million)
Headquarters & employees: Headquartered in Mumbai with over 300,000 employees
Website: www.sbi.co.in
Foundation year: 1906 (state owned commercial bank)
Bank of India
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), Q3 – Total Income Rs
10,37,603 lakh (US$ 16,027.23 million)
Headquarters & infrastructure: Bank is based in Mumbai with over 4,500 branches and over 1,000
ATMs all over India
Website: www.bankofindia.com
Source: Reserve Bank of India, Bank websites
40 MAHARASHTRA For updated information, please visit www.ibef.orgFINANCIAL SECTOR … (4/7)
Scheduled commercial banks in Maharashtra
Foundation year: 1919 (owned by Government of India)
Union Bank 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), Q3 – Total Income Rs
9,133.58 crore (US$ 1,410.81 million)
Headquarters & Employees: Bank is based in Mumbai with over 28,000 employees and more than
4,000 ATMs
Website: www.unionbankofindia.co.in
Bank of Foundation year: 1935 (the bank has the largest network of branches in Maharashtra and is a public
Maharashtra sector bank)
Banking services: Loans, credit cards, savings, investment vehicles, insurance, investment banking,
mortgage loans, private banking etc.
Total assets: US$ 24.73 billion; Total income: US$ 2.11 billion (2016-17), Q3 – Total Income Rs 9,508
crore (US$ 1,469 million)
Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with 2,000
branches in 29 states
Website: www.bankofmaharashtra.in
Central Bank of Foundation year: 1911 (one of oldest commercial banks owned by the government)
India 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), Q3 – Total Income Rs 6,589.32
crore (US$ 1,017.81 million)
Headquarters & infrastructure: Headquartered in Mumbai with over 4,000 branches in 27 Indian states and
270 extension counters
Website: www.centralbankofindia.co.in
Source: Reserve Bank of India, Bank websites
41 MAHARASHTRA For updated information, please visit www.ibef.orgYou can also read
