MAHARASHTRA - IBEF · • Maharashtra is the one of the largest producer of sugarcane and...

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MAHARASHTRA GATEWAY TO INDIA

NOVEMBER 2015

22

Executive Summary …….……….……… 3

Advantage Maharashtra ……………....... 5

State Vision …………………….………… 6

Maharashtra – An Introduction ……..…. 7

Annual Budget 2014–15 .......................20

Infrastructure Status ………………...… 21

Business Opportunities ……………..… 39

Doing Business in Maharashtra …….... 68

State Acts & Policies …………...……... 77

For updated information, please visit www.ibef.org


NOVEMBER 2015


EXECUTIVE SUMMARY … (1/2)

Highest contribution to

India’s GDP

• Maharashtra’s GSDP at current prices was US$ 264.8 billion in 2014-15 and accounted

for 12.98 per cent of India’s GDP, the highest among all states.

Highest FDI in India• Total FDI in the state from April 2000 to September 2015 stood at US$ 76.46 billion1, the

highest among all states in India.

Largest Container Port

• Jawaharlal Nehru Port is the largest port in India in terms of container traffic. In 2013-14,

the port handled cargo traffic of 623.33 lakh metric tonnes which increased to 638.02 lakh

metric tonnes in 2014-15. During 2015-16 (April-October), the port handled 373.86 lakh

metric tonnes of traffic.

India’s financial and

educational hub

• The state’s capital, Mumbai, is the commercial capital of India and has evolved into a

global financial hub. The city is home to several global banking and financial service firms.

Pune, another major city in the state, has emerged as the educational hub.


NOVEMBER 2015

Source: Central Statistics Office, TechSci Estimates, Department of Industrial

Policy & Promotion, Indian Port Association1Including Daman & Diu and Dadra & Nagar Haveli


EXECUTIVE SUMMARY … (2/2)


Significant production of

sugarcane and

pomegranate

• Maharashtra is the one of the largest producer of sugarcane and pomegranates in the

country. In 2014-15, production of sugarcane and pomegranates in the state stood at

84,261 thousand tonnes and 1,313.37 thousand tonnes, respectively.

Industrial powerhouse• Maharashtra is the most industrialised state in India and has maintained the leading

position in the industrial sector in the country. The state is a pioneer in small scale

industries and boasts of the largest number of special export promotion zones.

Strong cotton

production• With a tentative production of 6.82 million bales of cotton during 2014-15, the state was

the second-largest producer of cotton in the country.

NOVEMBER 2015

Source: Ministry of Agriculture, News Articles, economic Survey 2014-15


Source: Government of Maharashtra

Growing demandTrade and commerce hub of India

• Mumbai (Maharashtra) is known as the trade and commerce capital of India. It is also the financial centre of India.

• Maharashtra has emerged as a key hub for IT and ITeS, electronics and captive business outsourcing industries.

Policy incentives

• The Government of Maharashtra has several policies in place to set up the right kind of business climate.

• These policies aim to motivate investors to invest into various sectors in the state, thereby contributing to the overall development of the economy.

Facilitating infrastructure

• The state has a well developed social, physical and industrial infrastructure. Apart from four international and seven domestic airports, the state has two major and 53 minor ports. It also has a well developed power supply grid.

• Maharashtra's infrastructure sector has grown significantly over the last decade, with a substantial rise in the number of industrial clusters and Public Private Partnership (PPP) projects.

Rich pool of skilled

labour

• Maharashtra has a literacy rate of 82.3 per cent and is home to a number of world class educational and IT institutions.

• The state has a large base of skilled and industrial labour, making it an ideal destination for knowledge based and manufacturing sectors.

2014-15

GSDP of

the state

was US$

264.8

billion

2014-15

Per capita

GSDP was

US$ 2,242

Advantage

Maharashtra

ADVANTAGE MAHARASHTRA


NOVEMBER 2015


STATE VISION


GSDP growth

• Maharashtra government

targets 12.5 per cent GSDP

growth in the 12th Five Year

Plan.

• US$ 50.6 billion allocated to

accelerate economic growth

by implementing specially

designed growth oriented

policies.

Skill development

• Establishing technical

universities for skill

development.

• Providing scholarships to

pursue professional courses.

Agriculture

• Promoting sustainable

development in agriculture by

integrating schemes of water

shed development, use of

technology, enhancing

processing capacity and skill

development.

• Promotion of agri-business

through PPP for Integrated

Agricultural Development (PPP-

IAD) and develop market linkages

of horticulture.

Industrial sector

• Expects to achieve double digit

growth during the 12th Five Year

Plan.

• Focus on growth of the

manufacturing sector.

• Creating conducive growth

environment.

InfrastructureTourism

• Promote religious, adventure

and heritage tourism.

• Training workers in the

organised and unorganised

sectors related to tourism.

• 6,026 km of national highway

projects.

• Developing ports by investing

approximately US$ 2.4 billion.

Vision

Source: Confederation of Indian Industry

NOVEMBER 2015


MAHARASHTRA FACT FILE

Maharashtra is situated in the western region of the

country. The state shares borders with Gujarat,

Madhya Pradesh, Chhattisgarh, Andhra Pradesh,

Karnataka, Goa and the Union Territory of Dadra

and Nagar Haveli. On its west is the Arabian Sea.

Mumbai, Pune, Nagpur, Thane, Nasik, Solapur,

Kolhapur, Sangli, Aurangabad, Amravati and

Ratnagiri are some of the major cities of

Maharashtra.

India's main stock exchanges & capital market and

commodity exchanges are located in Mumbai.

The most commonly spoken language in the state is

Marathi. Konkani, Hindi and English are the other prominent

languages.

Source: National Portal of India, Economic Survey 2014-15

TechSci Research Estimates

Parameters Maharashtra

Capital Mumbai

Geographical area (lakh sq. km) 3.08

Administrative districts (No) 35

Population density (persons per sq

km)365

Total population (million) 118.1

Male population (million) 61.2

Female population (million) 56.9

Sex ratio (females per 1,000 males) 929

Literacy rate (%) 82.3


NOVEMBER 2015

88

Parameter Maharashtra All states Source

Economy 2014-15 2014-15

GSDP as a percentage of all states’ GSDP 12.98 100.0 Central Statistics Office, TechSci Estimates

GSDP growth rate (%) 8.12 7.3 Central Statistics Office, TechSci Estimates

Per capita GSDP (US$) 2,242 1,389.61 Central Statistics Office, TechSci Estimates

Physical Infrastructure

Installed power capacity (MW) 38,551.27 282,023.39Central Electricity Authority, as of November

2015

Wireless subscribers (No) 79,719,367 1,003,487,792Telecom Regulatory Authority of India, as of

October 2015

Internet subscribers (No) 26,580,000 319,420,000Telecom Regulatory Authority of India, as of

June 2015

National Highway length (km) 7,047.19 96,214NHAI, Roads and Building Department-

Government of India

Major and minor ports (No) 2 + 53 13+187 India Ports Association 2015

Airports (No) 11 125 Airports Authority of India


MAHARASHTRA IN FIGURES … (1/2)


NOVEMBER 2015

99

Parameter Maharashtra All states Source

Social Indicators

Literacy rate (%) 82.3 73.0 Census, 2011

Birth rate (per 1,000 population) 16.5 21.6 SRS Bulletin

Investment

Cumulative FDI equity inflows (US$ billion)1 76.46 265.14Department of Industrial Policy & Promotion,

April 2000 to September 2015

Industrial Infrastructure

Operational PPP projects (No) 75 1,382 DEA, Ministry of Finance, Government of India

Operational SEZs (No) 25 199

Notified as of March 2015, Ministry of

Commerce & Industry, Department of

Commerce

1Combined FDI inflows for Maharashtra, Dadra & Nagar Haveli and Daman & Diu

PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System


MAHARASHTRA IN FIGURES … (2/2)


NOVEMBER 2015

1010

92.7110.3

129.5

170.1 163.4180.5

230.0250.7 243.7 244.9

264.8

200

4-0

5

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

At current prices, the GSDP of Maharashtra was US$ 264.8

billion in 2014-15.

The GSDP grew at a CAGR of around 11.1 per cent from

2004-05 to 2014-15.

Source: Central Statistics Office, TechSci Estimates based on “Advanced

Estimates” provided by Directorate of Economics and Statistics of Maharashtra

GSDP - Gross State Domestic Product,

CAGR – Compound Annual Growth Rate

GSDP of Maharashtra at current prices

(in US$ billion)


ECONOMIC SNAPSHOT – GSDP


CAGR:

11.1%

NOVEMBER 2015

1111

82.699.0

116.7

153.9 146.9162.5

208.4227.1 220.4 221.2

237.8

200

4-0

5

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

At current prices, the NSDP of Maharashtra was US$ 237.8

billion in 2014-15.

Maharashtra’s NSDP grew at a CAGR of around 11.2 per

cent from 2004-05 to 2014-15.

Source: Central Statistics Office, TechSci Estimates based on “Advanced Estimates” provided

by Directorate of Economics and Statistics of Maharashtra

NSDP - Net State Domestic Product,

CAGR – Compound Annual Growth Rate


ECONOMIC SNAPSHOT – NSDP


NSDP of Maharashtra at current prices

(in US$ billion)

CAGR:

11.2%

NOVEMBER 2015

1212

9041,059

1,225

1,585 1,5001,633

2,0532,208 2,118 2,101

2,242

200

4-0

5

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

The state’s per capita GSDP at current price was US$ 2,242

in 2014-15.

The per capita GSDP of the state grew at a CAGR of 9.5

per cent between 2004-05 and 2014-15.

Source: Central Statistics Office, TechSci Estimates based on

“Advanced Estimates” provided by Directorate of Economics and

Statistics of Maharashtra

Per capita GSDP (US$)

CAGR:

9.5%


ECONOMIC SNAPSHOT – PER CAPITA GSDP


NOVEMBER 2015

1313

805951

1,104

1,4341,349

1,471

1,8602,000 1,915 1,898

2,014

200

4-0

5

200

5-0

6

200

6-0

7

200

7-0

8

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

At current price, the state’s per capita NSDP was US$ 2,014

in 2014-15.

The per capita NSDP of Maharashtra grew at a CAGR of

9.6 per cent between 2004-05 and 2014-15.




Per capita NSDP (US$)


ECONOMIC SNAPSHOT – PER CAPITA NSDP


CAGR:

9.6%

NOVEMBER 2015

1414

11.65 11.66

28.77 26.82

59.58 61.52

2004-05 2014-15

Primary Secondary Tertiary

Over 2014-15, the tertiary sector contributed 61.52 per cent

to the state’s GSDP at current prices, followed by the

secondary sector (26.82 per cent).

At a CAGR of 11.4 per cent, the tertiary sector has been the

fastest growing among the three sectors from 2004-05 to

2014-15. Growth was driven by trade, hotels, real estate,

finance, insurance, transport, communications and other

services.

The secondary sector grew at a CAGR of 10.3 per cent

between 2004-05 and 2014-15. The growth in the

secondary sector was driven by manufacturing, construction

and electricity, gas & water supply.

The primary sector expanded at a CAGR of 11.1 per cent

between 2004-05 and 2014-15. Agriculture is the major

contributor in the growth of the primary sector followed by

forestry and fishing. The agriculture sector accounted for 76

per cent share in the primary sector GSDP of the state

during 2014-15.




Percentage distribution of GSDP

CAGR


ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSDP

11.1%

11.4%

10.3%


NOVEMBER 2015

1515

Source: Economic Survey of Maharashtra, 2014-15,

Indian Horticulture Database

CropAnnual production 2014-15

(‘000 tonnes)

Onion 5,864

Soya bean 2,500

Groundnut 205

Sunflower seed 33

Jowar (Kharif) 412

Jowar (Rabi) 1,294

Rice 2,956.4

Wheat 956

Bajra (millets) 406

Maize (Kharif) 1,577

Maize (Rabi) 432

Total food grains(Kharif) 6,337

Total food grains(Rabi) 3,579

Total oilseeds (Kharif) 2,092

Total oilseeds (Rabi) 31

Total pulses (Kharif) 895

Total pulses (Rabi) 863

During 2014-15, production of pulses and oil seeds in the state

was recorded at around 1.75 million tonnes and 2.12 million

tonnes, respectively.

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

and rice are some of the key agricultural products of

Maharashtra.

Total food grain production in the state is estimated at about

9.91 million tonnes in 2014-15.


ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION…(1/2)


NOVEMBER 2015

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

horticulture crops in Maharashtra

2380.2 2649.2 2651.2

18378.3

24265.2 24277.0

20

12-1

3

20

13-1

4

20

14-1

5

Area

Production


ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION…(2/2)


NOVEMBER 2015

Production of pomegranates in Maharashtra

(‘000 MT)

2011-12 478

2012-13 408

2013-14 945

2014-15 1,313

Source: Department of Agriculture & Co-operation

Source: Ministry of Agriculture

Sugarcane production in Maharashtra (million MT)

64.16

81.9086.73

69.6575.38

84.26

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

Sugar production in Maharashtra (lakh MT)

70.40

90.70 90.0079.70 77.10

105.10

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

Vegetable production in Maharashtra

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

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

Potato 360 321 370 370

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

1717

Source: Department of Industrial Policy & Promotion, Economic 1Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu

2From April 2015-September 2015


ECONOMIC SNAPSHOT – FDI INFLOWS AND INVESTMENTS


According to the DIPP, cumulative FDI inflows1 in the

state of Maharashtra during April 2000 to September

2015 were valued at US$ 76,466 million.

The state government has approved 18,709

industrial proposals during 1991-92 to 2014-15.

Chemicals & fertilisers followed by textiles were the

leading sectors in terms of industrial proposals

approved with cumulative share of 25.7 per cent.

FDI equity inflows1, 2008-09 to 2014-15

(US$ million)

NOVEMBER 2015

12,431

8,249

6,097

9,553

6,361

3,420

6,361

3,348

20

08-0

9

20

09-1

0

20

10-1

1

20

11-1

2

20

12-1

3

20

13-1

4

20

14-1

5

2015

-16⁽²⁾

Approved and Commissioned Industrial Projects for Major Industries

(1991-92 to 2014-15)

Industry

Approved ProposalsCommissioned

Projects

No.

Investment

(US$

Billion)

No.

Investment

(US$

Billion)

Metallurgical 1,900 16.54 931 6.05

Chemical &

fertilizers2,827 9.60

1,3

713.44

Textile 1,981 8.16 926 2.61

Electrical &

electronics1,161 3.58 673 1.27

Sugar 1,521 6.20 216 1.20

Processed

food1,038 1.98 433 0.88

1818

Maharashtra’s exports totalled around US$ 73.9 billion over 2014-

15. Exports from the state grew at a CAGR of 7.02 per cent

between 2008-09 and 2014-15.

Major products exported from the state are gems and jewellery,

software, textiles, readymade garments, cotton yarn, metal and

metal products, agro-based products, engineering items, drugs and

pharmaceuticals, and plastic and plastic items.

Maharashtra is the largest producer of sugar in India. In May 2015,

the state government of Maharashtra, approved a subsidy of US$

16.7 per ton (up to the extent of 800,000 tonnes) for the exports of

raw sugar.

In November 2015, Maharashtra sugar mills entered into a deal with

neighbouring markets such as Sri Lanka and Bangladesh, etc., for

exporting 2 lakh MT of white sugar. As per the announcement made

by the state government in September 2015, Maharashtra is

expected to export 4 million tonnes of sugar during 2015-16.

Pomegranate exports from Maharashtra grew by 33% from 30,000

tonnes in 2013-14 to 40,000 tonnes in 2014-15. During 2015-16, the

Government of Maharashtra expects the state’s export volumes to

touch 60,000 tonnes with production volume ranging between 1,200

to 1,300 thousand tonnes during 2015-16.

Source: Economic Survey of Maharashtra, 2014-15

Exports trends (US$ billion)


ECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT TRENDS…(1/2)


NOVEMBER 2015

49.2 48.1

67.6

84.076.9

47.8

73.9

200

8-0

9

200

9-1

0

201

0-1

1

201

1-1

2

201

2-1

3

201

3-1

4

201

4-1

5

CAGR:

7.02%


ECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT TRENDS…(2/2)


NOVEMBER 2015

Maize exports from Maharashtra (million MT)

108.91

151.60

187.80

223.76

165.51132.57

13.05

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16⁽¹⁾

Source: APEDA, 1From April-August 2015

Dairy product’s exports from Maharashtra (thousand MT)

8.32 11.35 4.67

21.83

39.54

11.252.72

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16⁽¹⁾


Pulses exports from Maharashtra (million MT)

7.56

15.09

18.1420.60

23.54

13.03

4.88

20

09-1

0

20

10-1

1

20

11-1

2

20

12-1

3

20

13-1

4

20

14-1

5

20

15-1

6*


2020

Source: State Budget 2015-16


STATE BUDGET 2015-16


Revenue receipts of US$ 33.0 billion and revenue expenditure of US$ 16.8 billion were estimated during 2015-16.

NOVEMBER 2015

PlanBudget- 2015-16

(US$ Million)

Jalayukta Shivar Abhiyan 165.89

Micro Irrigation Mission 54.74

Motiramji Lahane Krushi

Samruddhi Yojana8.29

Energisation of Agricultural Pump

Sets160.92

State Employment Guarantee

Scheme and Mahatma Gandhi

National Employment Guarantee

Scheme

116.12

Agricultural development 55.74

Preservation and conservation of

local seeds1.66

Mechanisation of fisheries

vessels and development of

fisheries jetties3.32

Irrigation 1206.37

Power generation 88.81

Infrastructure plan 89.39

PlanBudget- 2015-

16 (US$ Million)

Hydal projects 149.30

Colaba- Bandra- Seepz Metro 18.18

Nagpur and Pune Metro Rail Projects 32.80

Smart cities 44.46

Swachchha Bharat Abhiyan 53.09

Maharashtra Sujal Va Nirmal Abhiyan 13.35

Maharashtra Suvarnajayanti Nagaroththhan Mahabhiyan 99.54

Renovation of Bus Depots 2.72

Development of Airports and Airstrips 15.10

Mihan project 33.18

Graded Package Scheme of Incentive 5001.66

Industrial Cluster Development Scheme 4.40

Development of Textile Industry 9.90


Source: Economic Survey of Maharashtra, 2014-15, NHAI

PHYSICAL INFRASTRUCTURE – ROADS…(1/2)


The state is well connected to its six neighbouring states and other parts of India through 18 national highways. The 94.5 km long

Mumbai-Pune expressway is India's first six-lane, concrete, high speed, tolled expressway, which connects the state capital and

financial hub, Mumbai, with the neighbouring industrial hub, Pune.

As of January 2015, the state government approved construction of a road between Isapur (Kolhapur district) and Chaukul

(Sindhudurg district). The road would be constructed by diversion and deforestation of reserved forest spread over an area of 4.32

hectares. As of September 2015, the project was under construction. During 2015-16, the Maharashtra state government proposed to

invest US$ 86.12 million for the development of road infrastructure as a part of Tribal Area Sub Plan, for which an overall investment

of US$ 691.7 million has been proposed under Budget 2015-16

As on December 2015, the state government approved an elevated road project on Ghodbunder Road from Gaimukh for a proposed

investment of US$ 132.7 million, construction of a third bridge on Thane creek at Vashi with a proposed investment of US$ 132.7

million, an elevated road at Bhiwandi-Kalyan-Shil Phata with a proposed investment of US$ 431.3 million, four lane Vakan-Pali-

Khopoli road at a proposed investment of US$ 82.94 million and an underground tunnel between Thane and Borivali.

Road type Road length (km)

(as of 2014-15)

National highways 7,047.19

State highways 33,963

Major district roads 50,232

Other district roads 52,761

Village roads 114,557

NOVEMBER 2015

Source: Economic Survey of Maharashtra, 2014-15, NHAI

National highway length completed (km)

391.00

250.50

124.00

2012-13 2013-14 2014-15


PHYSICAL INFRASTRUCTURE – ROADS…(2/2)


NOVEMBER 2015

Expenditure on construction of national highway in

Maharashtra (US$ million)

51.16

29.3622.83

2012-13 2013-14 2014-15

Pradhan Mantri Gram Sadak Yojana (PMGSY) was

launched in 2000 with the objective of connecting eligible

rural habitants. Until 2015, about 41,9971 km of road

network has been completed across India, of which road

length of 22,214 km was completed in Maharashtra.

In November 2015, the 785-meter long Vanjarpatti flyover in

Bhiwandi was inaugurated and constructed over a part of

extended Mumbai Urban Infrastructure Project (MUIP)

For 2015-16, Mumbai Metropolitan Region Development

Authority has allocated US$ 26.7 million to the Mumbai

Urban Infrastructure Project for completion of Kherwadi

flyover, BKC-Chunabhatti Elevated Road and the Andheri-

Ghatkopar link road projects. Another US$ 125.7 million has

been allocated for widening of roads in the Mumbai

Metropolitan Region. Pradhan Mantri Gram Sadak Yojana (PMGSY)

Habitants benefitted 8,961

Length completed 22,214.37

Total expenditure (US$

million)852.83

Source: NHAI

Source: PMGSY

2323

Source: Economic Survey of Maharashtra, 2014-15, MMRDA: Mumbai Metropolitan Region Development Authority

The rail transport system of Maharashtra is very well

developed. The state is well-connected to other parts of the

country with a railway network spanning 6,103 km

(including 378 km of Konkan Railway).

Maharashtra also has an intra-city/suburban network of

railways. The suburban railways carry around 8 million

passengers every day.

As of June 2015, the state government announced plans to

invest US$ 1,658.2 million for the development of railways

infrastructure.

As of September 2015, the Maharashtra state government

announced plans of setting up Maharashtra Railway

Infrastructure Development Corporation (MRIDC) along

with Ministry of Railways. The Corporation would be a

special purpose vehicle, set up with the objective of

boosting railway infrastructure projects.

During 2015-16, with the objective of bosting the ongoing

projects, the state government proposed US$ 32.79 million

and US$ 29.02 million for Nagpur and Pune Metro Railway

projects, respectively. In addition, US$ 11.38 million is

proposed for the other ongoing railway projects.


PHYSICAL INFRASTRUCTURE – RAILWAYS


Metro/mono rail

projects Estimated cost

(US$ million)

Current

status/implemen

tation periodMumbai Metro Rail

Project

Phase-I: Versova-

Andheri-Ghatkoper392.7 Completed

Phase II: Dahisar-

Charkop-Bandra-

Mankhurd

4,267.8 2017-2023

Phase III: Colaba-

Bandra-SEEPZ3,856.0

Appointment of

general consultant

in final stage

Phase IV: Wadala-

Ghatkopar-Thane-

Kasarwadavli

3,182.8 2017-2023

Mumbai Mono Rail

Project

Jacob Circle to

Wadala & Wadala to

Chembur

410

Phase I: complete,

Phase II:85 per

cent work

completed

NOVEMBER 2015

2424

There are seven domestic and four international airports

functioning in Maharashtra. Domestic flights operate

from Mumbai, Pune, Nagpur, Aurangabad, Kolhapur,

Juhu and Nanded, whereas international flights operate

from Mumbai, Nagpur, Pune and Aurangabad. Mumbai

airport is one of the busiest airports in India. To reduce

congestion at the Mumbai International Airport, an idea

for a new airport has been proposed at Navi Mumbai.

As of 31st December 2014, expenditure of US$ 1.89

million was incurred for building up of terminal T2 with

the objective of modernising the Chhatrapati Shivaji

International Airport (CSIA), Mumbai. The mega project

is a combined mega project undertaken by Airports

Authority of India (AAI) with Mumbai International

Airport Ltd. The overall project cost is US$ 2.07 million.

During 2015-16, the Maharashtra state government

proposed an outlay of US$ 14.65 million under budget

2015-16, for the development, inspection and

maintenance of airstrips that fall under Maharashtra

Airport Development Corporation. The airstrips would

be inclusive of areas such as Chandrapur, Amravati,

Kolhapur, Shirdi, etc.

Source: AAI (Airports Authority of India)


PHYSICAL INFRASTRUCTURE – AIRPORTS…(1/2)


NOVEMBER 2015

International airport

Domestic airport


PHYSICAL INFRASTRUCTURE – AIRPORTS…(2/2)


NOVEMBER 2015

Source: Airports Authority of India, 1Up to September 2015

Domestic

airport

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

2013-14 2014-15 2015-161

2013-14 2014-15 2015-161

2013-14 2014-15 2015-161

Mumbai 218.8 252.1 143.5 188.3 195.4 107.2 181.1 207.7 103.2

Pune 35.0 40.7 7.3 29.5 32.6 18.8 21.1 27.4 14.7

Nagpur 13.6 13.6 24.9 12.5 13.5 6.2 5.1 5.6 3.0

Aurangabad 4.4 4.2 1.4 4.0 4.1 0.0 0.8 1.3 0.6

International

airport

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

2013-14 2014-15 2015-161

2013-14 2014-15 2015-161

2013-14 2014-15 2015-161

Mumbai 103.41 114.30 56.69 72.36 74.09 37.75 467.64 486.54 247.72

Pune 1.23 1.01 0.28 1.03 1.12 1.07 0.01 - -

Nagpur 0.45 0.44 1.21 0.48 0.54 0.30 0.42 0.44 0.20

2626

Along a coast line of 720 km, there are two principal ports:

Mumbai Port Trust (MbPT) and Jawaharlal Nehru Port Trust

(JNPT). In addition, there are 53 minor ports. During 2014-15,

traffic handled at the two major ports in Maharashtra was

recorded at 1,254.62 lakh tonnes, of which JNPT accounted for

638.02 lakh tonnes and Mumbai port accounted for 616.60 lakh

tonnes of port traffic.

During 2014-15, Mumbai port handled 616.60 lakh tonnes of

traffic, of which petroleum, oil and lubricants (POL) accounted

for a share of 58.8%. During 2014-15, JNPT port handled

638.02 lakh tonnes of traffic, of which container traffic accounted

for 96.24% and petroleum, oil and lubricants (POL) accounted

for 6.55% of the port traffic.

Source: India Ports Association

1From April 2015 to October 2015


PHYSICAL INFRASTRUCTURE – PORTS


Minor Ports in Maharashtra

• Manori

• Kalyan

• Thane

• Versova

• Bandra

• Trombay

• Ulwa-Belapur

• Panvel

• Mora

• Mandwa

• Karaja

• Thal

• Rewas

• Bankot

• Kelshi

• Sriwardhan

• Dharamtar

• Kumbharu

• Harnai

• Dabhol

• Palshet

• Borya

• Jaigad

• Tiwri-Varoda

• Purnagad

• Jaitapur

• Vijaydurg

• Deogad

• Achara

• Malvan

• Niwti

• Vengurla

• Redi

• Kiranpani

• Ratnagiri

• Dighi

• Dahanu

• Tarapur

• Nawapur

• Satpati

• Kelwa-Mahim

• Arnala

• Datiware

• Uttan

• Bassein

• Bhiwandi

• Alibag

• Revdanda

• Borli / Mandla

• Nandgaon

• Murud-Janjira

• Rajpuri

• Mandad

NOVEMBER 2015

Operational ports statistics

For major

ports2012-13 2013-14 2014-15 2015-161

Traffic handled

(lakh MT)1,225.26 1,215.17 1,254.6 735.11

For minor

ports2012-13 2013-14 2014-15 2015-161

Traffic handled

(lakh MT)241.98 247.74 96.43 Not available

2727

As of November 2015, the state had a total installed

power generation capacity of 38,551.27 MW.

Thermal power contributed 28,294.09 MW to the total

installed power generation capacity, followed by

renewable power, hydropower and nuclear power with

contributions of 6,235.20 MW, 3,331.84 MW and 690.14

MW, respectively.

Private sector was the biggest contributor to the total

installed power generation capacity in Maharashtra with a

capacity of 18,450.07 MW, followed by 13,324.97 MW

under state utilities and 6,776.23 MW under central

utilities.

The state government formulated Infrastructure Plan-2

Scheme to upgrade the existing power distribution

network and to establish new connections in the state

during 2014-15.

In order to improve the power sector in the state, the

government has announced plans to invest US$ 88.8

million during 2015-16.

Installed power capacity (MW)


PHYSICAL INFRASTRUCTURE – POWER


NOVEMBER 2015

20,415 21,379 22,645 26,142

30,354 34,005

38,551

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15⁽¹⁾

Source: Central Electricity Authority1As of November 2015

2828

According to Telecom Regulatory Authority of India (TRAI),

Maharashtra had 79.71 million wireless subscribers and 2.05

million wireline subscribers as of October 2015.

By the end of August 2015, 130,13,717 subscribers had

submitted requests for Mobile Number Portability in

Maharashtra. As on 31st May 2015, tele density in rural and

urban Maharashtra stood at 60.09% and 116.77%, respectively

The Department of Telecommunications (DoT) initiated a

project in 2011, the National Optical Fibre Network (NOFN),

with an aim to connect 2,50,000 gram panchayats (GPs) across

the country with broadband services. The state and central

government connected 27,987 gram panchayats across

Maharashtra by February 2015.


PHYSICAL INFRASTRUCTURE – TELECOM


Telecom infrastructure (October 2015)

Wireless subscribers 79,719,367

Wireline subscribers 2,032,788

Internet subscribers 26,580,000 1

Post offices 12,5981

Tele density (percent) 80.492

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

Ministry of Communications and Information Technology,1As of June 20152As on May 2015

Major Telecom Operators in Maharashtra

Bharat Sanchar Nigam Limited (BSNL)

Mahanagar Telephone Nigam Limited (MTNL)

Bharti Airtel

Idea Cellular

Vodafone Essar

Reliance Communications

Tata Teleservices

Aircel Limited

Source: Telecom Regulatory Authority of India

NOVEMBER 2015

Performance status of NOFN Project

(as of February 2015)

Total GPs 27,987

GPs in phase one 11,520

Pipe laid (kms) 1,968

Cable laid (kms) 1,129

GPs for which cable laid 482

2929

Source: Department of Environment, Government of Maharashtra,

JNNURM, Ministry of Urban Development


DEVELOPMENT PROJECTS: URBAN & SOCIAL INFRASTRUCTURE…(1/2)


Under JNNURM, two schemes, namely, Basic Services to Urban Poor (BSUP) and Integrated Housing and Slum Development

Programme (IHSDP) have been implemented by Maharashtra Housing and Area Development Authority. Upto December 2014,

under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), 175 projects (worth US$ 1.23 billion) were sanctioned

for Greater Mumbai, Nagpur, Nanded, Nasik and Pune. These projects were located in Greater Mumbai, Pune, Nanded, Nasik

and Nagpur and were related to roads and flyovers, water supply, solid waste management, development of heritage areas,

drainage/storm water drains and urban transport.

In March 2015, the Government of Maharashtra announced plans to introduce Uttamrao Patil Forest Park in every district of

Maharashtra through the Social Forestry Department.

As of November 2015, Mahindra Life Space Developers Ltd bought a land in Maharashtra with the objective of developing a

housing project aiding urbanisation in the state. In addition, the Maharashtra government is considering to aid the affordable

housing concept with opening up of land parcels and 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.

Under Budget 2015-16, the Maharashtra state government plans to set up a national memorial of Chhatrapati Shivaji Maharaj in

the Arabian Sea with an overall investment of US$ 15.62 million. In addition, a monument of Bharat Ratna Dr. Babasaheb

Ambedkar is planned to be set up at Indu Mill, Mumbai. The Government of Maharashtra has announced plans to invest US$

30.08 million for the construction of health institutions in urban areas during 2015-16.

NOVEMBER 2015


DEVELOPMENT PROJECTS: URBAN & SOCIAL INFRASTRUCTURE…(2/2)


NOVEMBER 2015

Urban Infrastructure Projects under JNNURM

Project Name

Amount

(US$

million)

Project nameAmount

(US$

million)

Revised in BSUP scheme for construction of 219 Dus

in Panch Zopda and Gopal Nagar slums in Nagpur,

Maharashtra1.76

Integrated Civic Infrastructure Development

Project (ICIDP) Phase. I, Nagpur, Maharashtra20.04

BSUP scheme for construction of 279 Dus in Jat

Tarodi slum in Nagpur,. Maharashtra2.06

Revised DPR for "Construction of 1,694 Houses

at four locations of Nagpur City for

Rehabilitation of Urban/Poor under JNNURM -

BSUP- PPP scheme - Nagpur".

19.36

Revised BSUP scheme for construction of 456 Dus in

5 slums of North Nagpur in Nagpur, Maharashtra.2.53

Implementation of Integrated Housing Projects

(788 Dus) under BSUP at Nanded City. Dist.

Nanded, Maharashtra.5.38


Gopal Nagar and Bh. Anand Kausalyayan Nagar

slums in Nagpur Maharashtra4.45

Implementation of Integrated Housing projects

(958 Dus) under BSUP at Nanded City. Distt.

Nanded, Maharashtra6.97


Savitribai Phule Nagar slum in Nagpur, Maharashtra6.21

Implementation of Integrated Housing Projects

(1183 Dus) under BSUP at Nanded city. Dist.


Revised BSUP scheme for construction of 1017 Dus

in Indira Nagar, Indiramata Nagar, Wanjara and Bokar

nagar (4 slums) slums in Nagpur, Maharashtra9.44

Implementation of Integrated Housing projects

(1567 Dus) under BSUP at Nanded City. Distt.


Source: Department of Environment, Government of Maharashtra,

JNNURM, Ministry of Urban Development

3131

Project Name Sector PPP typeProject Cost

(US$ million)Stage

Parallel water supply scheme (Aurangabad) Water sanitation BOOT 119.4426 Under construction

Sewage treatment plant (Bhandewadi)

AugmentationWater sanitation DBFOT 28.28799 Under construction

Development of standalone container handling

facility with a quay length of 330 m to the north

at JNPT.

Transport BOT 99.5355 Under construction

Distribution Franchise Nagpur Energy Not available NA Under construction

Drama Theatre Complex MajiwadeSocial and commercial

infrastructureBOT 4.976775 Under construction

Dhule - Pimpalgaon Road Transport BOT 130.8842 Operational

Distribution Franchise Aurangabad Energy Not available NA Operational

Distribution Franchise Bhiwandi Energy Not available NA Operational

Four Laning of Khamgaon Bypass Road Transport BOT 8.963172 Operational

Hydro Electric Power (Bhor) Project Energy BOT 3.822163 Operational

Source: DEA, Ministry of Finance, Government of India, BOT: Build-Operate-Transfer, DBFOT: Design-Build-

Finance-Operate-Transfer,


DEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE PARTNERSHIP (PPP)

PROJECTS


NOVEMBER 2015


DEVELOPMENT PROJECTS: SEZs … (1/3)


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

NOVEMBER 2015

Some of the operational SEZs in Maharashtra

Name/Developer Location Primary Industry

Maharashtra Airport Development Company Ltd. (MIHAN SEZ) Mihan, Nagpur Multi product

SEEPZ Special Economic Zone Mumbai Electronics and gems and jewellery

Maharashtra Industrial Development Corporation Aurangabad Engineering

Wipro Ltd. Maharashtra Computer/electronic software

Maharashtra Industrial Development Corporation Pune Computer/electronic software

Maharashtra Industrial Development Corporation Nanded Chemicals & pharmaceuticals

Khed Economic Infrastructure Pvt. Ltd. Pune Engineering & electronics

Maharashtra Industrial Development Corporation Satara Engineering

Navi Mumbai Special Economic Zone (NMSEZ) is the agency responsible for the supervision and execution of SEZs in the state.

As of March 2015, the state has 25 operational SEZs in the state across diversified sectors which include textiles and apparel, food

processing, footwear and leather products, multi-product, pharma, IT SEZs etc.




Some of the SEZs with formal approvals

Name/Developer Location Primary industry

Maharashtra Industrial Development Corporation Limited

MIDCPune IT/ITeS

Syntel International Private Limited Pune IT/ITeS

Serum Bio-pharma Park Pune Pharmaceuticals & biotechnology

Maharashtra Industrial Development Corporation Latur Agro-processing

Maharashtra Industrial Development Corporation Nanded Pharmaceuticals

Maharashtra Industrial Development Corporation Aurangabad Engineering & electronics

Wokhardt Infrastructure Development Limited Aurangabad Pharmaceutical

Hiranandani Builders Mumbai IT/ITeS

New Found Properties and Leasing Pvt. Ltd. Thane IT/ITeS

EON Kharadi Infrastructure Private Limited Pune IT/ITeS

NOVEMBER 2015

In addition to operational SEZs, as of July 2015, Maharashtra had 9 SEZs with valid in-principle approvals, 60 SEZs with formal

approvals and 52 with notified approvals.

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




NOVEMBER 2015

Some of the SEZs with valid in-principal approvals

Name/Developer Location Primary industry

Mumbai SEZ Limited Gujarat Positra Port Infrastructure Ltd Multi-product

Gitanjali Gems Limited Nanded, Maharashtra Gems and jewellery

ISPAT Industries Limited Raigad District, Maharashtra Multi-product

Gitanjali Gems Limited Aurangabad, Maharashtra Gems and jewellery

Gitanjali Gems Limited Nagpur, Maharashtra Multi-product

Maharashtra Airport Development Company Limited Nagpur, Maharashtra Power

Gitanjali Gems Limited Nashik, Maharashtra Multi services

Redi Port Ltd. Post Redi, district Sindhudurg, Maharashtra FTWZ

Quippo Infrastructure Raigarh Maharashtra Engineering

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

3535

Education infrastructure (2014-15)

InstitutionNo. of

Institution

Student

Enrollment

Primary schools 97,072 16,167

Secondary and higher secondary

schools24,463 6,171

Engineering colleges (diploma,

graduate and post-graduate)1,090 5,43,327

Industrial training institutes (itis) 828 106,427

Architecture colleges 82 10,070

Arts, science, commerce & law

colleges2,181 1,520,316

Management science 478 35,791

During 2014-15, Maharashtra’s education infrastructure

accounted for 20 universities, 97,072 primary schools,

24,463 secondary and higher secondary schools. Primary

schools had 16,167 students enrolled of which 7,574 were

girls with 506 teachers. The secondary schools had 6,171

enrolled students of which 2,824 were girls with 219

teachers. Government of Maharashtra is focusing heavily on

the education of the girls in the state. Various schemes such

as Kasturba Gandhi Balika Vidyalaya, Ahilyabai Holkar

Scheme and Attendance Allowance Scheme have been

introduced for the development of girl’s education.

Under Budget 2015-16, the government aims to lay

emphasis on evaluation of teachers and examination system

and introduce biometric attendance e-systems for students

and teachers. In addition, the state government aims at

ensuring that no child is deprived of education and has

proposed a provision of US$ 264.10 million for Sarv Shiksha

Abhiyan. The program would ensure imparting quality

education and development of children in the age group of 6-

14 years with the implementation of Right to Free and

Compulsory Education Act 2009.

In addition, the Maharashtra state government proposed an

outlay of US$ 1.56 million for the modernisation of J.J.

School of Art Mumbai, and other art colleges with the

objective of improving the quality of art education.


SOCIAL INFRASTRUCTURE – EDUCATION

Source: Economic Survey of Maharashtra, 2014-15,

Census 2011


Literacy rate (%) in Maharashtra, 2014-15

Overall 82.3

Male 88.4 Urban 88.7

Female 69.9 Rural 77

NOVEMBER 2015

3636

Health indicators of Maharashtra (September 2015)

Doctor to patient ratio 1: 27,790(1)

Registered doctors 148,575(1)

Birth rate (per thousand persons) 16.5

Death rate (per thousand persons) 6.2

Infant mortality rate (per thousand live births) 24

Life expectancy at birth (years)

Male (2016-20) 69.9

Female (2016-20) 73.7


SOCIAL INFRASTRUCTURE – HEALTH


Health infrastructure (2014-15)

State level hospitals 490

District hospitals 23

Mobile medical units 13

Sub-district hospitals with capacity of 50 beds 58

Sub-district hospitals with capacity of 100 beds 28

Community health centres 458

Rural hospitals/Cottage hospitals 360

Primary health centres 1,811

Sub-centres 10,580

General hospitals 4

Orthopedic hospital 1

Super specialty hospitals 2

Mental health institutes 4

Women hospitals 11

TB hospitals 4

Health and family welfare training institution 8

Source: Ministry of Health and Family Welfare, Government of India,

Economic Survey of Maharashtra, 2014-15(1)Until Dec 2014

NOVEMBER 2015

During 2014-15, the Maharashtra state government

announced plans to launch health scheme, ‘Operation

Kayapalat‘, with the aim of rejuvenating primary health

centres across the state and offering quality health

services to the state’s citizens. The scheme targets

cleanliness and hygiene in the health centres,

particularly in the rural areas. In addition, the

government is urging the private companies to be a part

of this scheme as CSR (Corporate Social

Responsibility) activity.

3737

Cricket is the prominent sport in Maharashtra. Other popular sports are hockey and tennis.

The state has a number of sports stadiums located in Mumbai, Pune and Nagpur. The most well-known ones are the

Wankhede Stadium and the Brabourne Stadium in Mumbai, the Nehru Stadium in Pune and the Vidarbha Cricket

Association (VCA) Stadium in Nagpur.

The state has a number of entertainment centres and 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 and Fun Cinemas. The state has a number of religious places, including the Siddhi Vinayak temple (Mumbai),

Shirdi, Nasik and Sach Khand Shri Huzur Gurdwara (Nanded).

The Gateway of India, Ajanta and Ellora caves, Daulatabad Fort and Khandala are the main tourist destinations in the state.

The Sahara Stadium in Pune has been built with modern outlook and state-of-the-art facilities; the stadium has a seating

capacity of about 36,000.

In 2015, Maharashtra Tourism Development Corporation (MTDC) announced plans to partner with the private sector and

adopt public-private partnership (PPP) to enhance the tourism infrastructure in the state. MTDC would be investing in those

areas where no private players are involved, for example, for development of infrastructure for helicopter landings at Ajanta

and Ellora.

Under the New Sports Policy 2012, the government of Maharashtra plans to set up public gyms at district sports complexes

or municipal gardens. Under Budget 2015-16, an outlay of US$ 8.29 million is proposed for the construction of sports

complexes at taluka and district levels.


CULTURAL INFRASTRUCTURE


Source: Maharashtra Tourism, Government of Maharashtra

NOVEMBER 2015


AMRUT AND SMART CITIES


NOVEMBER 2015

Pune

NashikAurangabad

Nagpur

Mumbai

Bhiwandi

Source: TechSci Research

Smart Cities in Maharashtra

Cities Population Area (sq. km)Literacy

rate

Pune 9,429,408 15,643 86.15%

Greater Mumbai 12,478,447 603.40 89.73 %

Nagpur 4,653,570 9,892 88.39%

Nashik 6,107,187 15,530 82.31%

Aurangabad 3,701,282 10,107 79.02%

Amravati 646,801 270 92.07%

Navi Mumbai 1,119,477 163.00 89.62%

Kalyan-Dombivali 1,246,381 137.2 81.46%

Solapur 951,118 148.9 82.80%

Thane 1,818,872 147.00 89.41%

On the basis of population and the number of statutory towns, the Government of India shortlisted 10 cities, namely, Amravati,

Aurangabad, Greater Mumbai, Kalyan-Dombivali, Nagpur, Nashik, Navi Mumbai, Pune, Solapur and Thane under the Smart City project.

In November 2015, the UK government selected 2 cities of Maharashtra, that is, Pune and Amravati to develop as smart cities. The

agreement is expected to boost the Indo-UK trade.

3939

The resources, policy incentives, infrastructure and climate support investments in the state. Maharashtra Agro Industries

Development Corporation, founded in 1965, is responsible for development of agro-based units in the state. MIDC is responsible for

the development of industrial infrastructure. Maharashtra Small Scale Industries Development Corporation was formed in 1962 to

provide new orientation and strength to the development of small-scale industries in the state. Its main objective is to aid, counsel,

assist, finance, protect and promote interests of small industries.

The Government of Maharashtra is promoting the development of several Special Economic Zones (SEZs) across Maharashtra for

sectors such as IT/ITeS, pharmaceuticals, biotechnology, textile, automotive & auto components, gems & jewellery and food

processing. As of 2014-15, the state has 9 operational SEZs, out of which majority are contributed by engineering and electronics

segment.


KEY INDUSTRIES


Key Industries in Maharashtra

• Pharmaceuticals

• Biotechnology

• IT and ITeS

• Electronics

• Engineering

• Auto & auto components

• Oil & gas

• Food & agro processing

• Gems and jewellery

• Banking, financial services and insurance (BFSI)

• Textiles

Source: Economic Survey 2014-15, MAIDC - Maharashtra Agro Industries

Development Corporation, 1Up to December 2014

NOVEMBER 2015

Establishment of MSME units

Year MSME unitsInvestment

(US$ million)

Employment

(lakh)

2007-08 10,244 566.4 1.39

2008-09 11,682 714.1 1.71

2009-10 11,896 638.5 1.50

2010-11 14,496 1,219.4 1.87

2011-12 15,606 947.7 2.07

2012-13 16,136 1,004.4 2.06

2013-14 19,814 1,054.7 2.48

2014-151

24,894 888.4 2.92


FINANCIAL SECTOR…(1/5)


NOVEMBER 2015

Banking and insurance contribution to GSDP

at current prices (in US$ billion)

18.06 18.83

23.9826.96 25.86

26.93 28.95

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

Source: Maharashtra Economic Survey 2014-15, Reserve Bank of India

At current prices, the contribution of the banking and

insurance sector to the GSDP of the state increased at a

CAGR of 8.18 per cent between 2008-09 and 2014-15.

At constant prices, the contribution of banking and

insurance sector in the GSDP of the state increased at a

CAGR of 4.57 per cent between 2008-09 and 2014-15.

Banking and insurance contribution to GSDP

at constant prices (in US$ billion)

19.21 20.09

23.7625.71

23.12 22.9725.12

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

Deposits and credit of scheduled commercial

banks in Maharashtra by bank group

(July-September 2015)

Bank group

No. of

banking

offices

Deposits

(US$ million)

Credit

(US$ million)

Rural 3,142 8,857.77 7,763.26

Semi-urban 2,536 15,159.26 9,553.90

Urban 1,693 22,238.13 11,099.95

Total 7,371 46,255.16 28,417.11

Source: Reserve Bank of India


FINANCIAL SECTOR…(1/5)


NOVEMBER 2015

ATMs deployed in Maharashtra, June 2015

21,574

8,749 8,053

4,481

291

Total Public SectorBanks

Private SectorBanks

State BankGroup

ForeignBanks in India

ATMs deployed in Maharashtra, June 2014

19,099

6,811 7,502

4,473

313

Total Public SectorBanks

Private SectorBanks

State BankGroup

ForeignBanks in India

Source: Reserve Bank of India Source: Reserve Bank of India


FINANCIAL SECTOR …(2/5)


NOVEMBER 2015

Scheduled commercial banks in Maharashtra

Reserve Bank of India (RBI) was founded in 1935 and is recognised as India's central banking institution. RBI also controls the monetary policy of the Indian rupee. RBI is headquartered in Mumbai, Maharashtra and has 19 regional offices and nine sub offices.Monetary authority, supervision of the financial systems, foreign exchange management and currency issuing are the major functions of the Reserve Bank of India.

Foundation year: 1956 (owned by Government of India)Banking services: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth managementTotal assets: US$ 447.92 billion; Total income: US$ 42.68 billion (2014-15) and US$ 12.54 billion ( H1 2015-16)Headquarters & employees: Headquartered in Mumbai with over 300,000 employees

Website: www.sbi.co.in

Foundation year: 1906 (state owned commercial bank)Banking services: Commercial banking, retail banking, private banking, asset management, mortgages, credit cardsTotal assets: US$ 103.73 billion; Total income: US$ 7.96 billion (2014-15), US$ 3.59 billion (H1 2015-16)Headquarters & infrastructure: Bank is based in Mumbai with over 4,500 branches and over 1,000 ATMs all over IndiaWebsite: www.bankofindia.com

Reserve Bank of India

State Bank of India

Bank of India

Source: Reserve Bank of India, Bank websites

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




NOVEMBER 2015


Foundation year: 1919 (owned by Government of India)Banking services: Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, agriculture loanTotal assets: US$ 63.07 billion; Total income: US$ 5.99 billionHeadquarters & Employees: Bank is based in Mumbai with over 28,000 employees and more than 4,000 ATMs Website: www.unionbankofindia.co.in

Foundation year: 1935 (the bank has the largest network of branches in Maharashtra and is a public sector bank)Banking services: Loans, credit cards, savings, investment vehicles, insurance, investment banking, mortgage loans, private banking etc.Total assets: US$ 24.22 billion; Total income: US$ 2.27 billion (2014-15) and US$ 1.10 billion (H1 2015-16)Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with 2,000 branches in 29 statesWebsite: www.bankofmaharashtra.in

Foundation year: 1911 (one of oldest commercial banks owned by the government)Banking services: Core banking services are loans, credit cards, savings, investment vehicles, and insurance, investment banking, mortgage loans, private banking etc.Total assets: US$ 51.7 billion; Total income: US$ 4.7 billion (2014-15) and US$ 2.2 billion (H1 2015-16)Headquarters & infrastructure: Headquartered in Mumbai with over 4,000 branches in 27 Indian states and 270 extension countersWebsite: www.centralbankofindia.co.in

Union Bank of India

Bank of Maharashtra

Central Bank of India


http://www.unionbankofindia.co.in/http://www.bankofmaharashtra.in/http://www.centralbankofindia.co.in/




NOVEMBER 2015


Foundation year: 1938Banking services: Investment banking, consumer banking, commercial banking, retail banking, private banking, asset management, pensions, mortgages, credit cardsTotal assets: US$ 21.55 billion; Total income: US$ 1.91 billion (2014-15) and US$ 904.07 million (H1 2015-16)Headquarters & infrastructure: Bank is based in Mumbai, with over 1,400 branches and more than 100 ATMsWebsite: www.denabank.com

Foundation year: 2004Banking services: Corporate and institutional banking, commercial banking, investment banking, retail banking, finance marketingTotal assets: US$ 22.59 billion; Total income: US$ 2.26 billionHeadquarters & Infrastructure: Bank is based in Mumbai, with more than 550 branches and 1,255 ATM’sWebsite: www.yesbank.in

Foundation year: 1980Banking services: Private and business banking, corporate banking and securities, global transaction banking and asset & wealth managementHeadquarters & employees: Bank is based in Mumbai, with more than 9,500 employees in 16 citiesWebsite: www.db.com/india

Dena Bank

Yes Bank

Deutsche Bank India


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




NOVEMBER 2015


Foundation year: 1902Banking services: Credit cards, debit cards, loans, investments, NRI banking and private bakingHeadquarters & employees: Bank is based in Mumbai, with over 7,500 employees. The bank has 44 branches in 31 cities and 700 ATMs across the countryWebsite: www.Citibank.co.in

Foundation year: 1994Banking services: Investment banking, investment management, wealth management, private banking, corporate banking, private equity, finance and insurance, consumer banking, mortgages, credit cardsTotal assets: US$ 97.96 billion; Total income: US$ 9.99 billion (2014-15) and US$ 5.28 billion (H1 2015-16)Headquarters & employees: Bank is based in Mumbai, with more than 69,065 employeesWebsite: www.hdfcbank.com

Foundation year: 1964 (10th largest bank in the world)Banking services: Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, agriculture loanTotal assets: US$ 59.05 billion Total income: US$ 5.37 billion (2014-15) and US$ 2.47 billionHeadquarters & infrastructure: Bank is based in Mumbai with over 15,000 employees and 2,000 ATMs.Website: www.idbi.com

Citibank India

HDFC Bank

IDBI Bank


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




NOVEMBER 2015


Foundation year: 1994Banking services: Credit cards, consumer banking, corporate banking, finance and insurance, private bankingHeadquarters & employees: Bank is based in Mumbai, with over 67,857 employees. Website: www.icicibank.com

ICICI Bank



MUMBAI AS FINANCIAL HUB OF INDIA…(1/2)


NOVEMBER 2015

Mumbai is the capital of the state of Maharashtra and the financial capital of India. The city houses a majority of the

headquarters of large corporates and financial institutions in the country. In addition, major stock exchanges, commodity

exchanges and capital markets of India are situated in Mumbai. During 2014-15, Mumbai accounted for 22.7% of the state

income of Maharashtra. Till December, 2014, the number of micro, small and medium enterprises (MSMEs) in Mumbai

totalled 21,895, providing employment to about 366,000 individuals.

According to Maharashtra Industrial Development Corporation (MIDC), there are 305 industrial units in Mumbai. About US$

648 million has been invested by the corporation for various projects in Mumbai, providing employment to about 50,000

people in the area.

Jawaharlal Nehru National Urban Renewal Mission (JNNURM) was launched by the Government of India on 3rd December.

2005 to improve infrastructure of various cities in the country, including Mumbai. The program ended on 31st March, 2014,

however, another development mission is being considered for different cities, including Mumbai.

The Government has also commenced work for setting up a special economic zone (SEZ) in Nhava Sheva, Navi Mumbai.

The project is being developed by M/s. Jawaharlal Nehru Port Trust (JNPT) and planned by M/s L&T Infrastructure

Engineering Limited. The project obtained environmental clearance on 5th December, 2014. L&T Infrastructure Engineering

submitted the detailed plans for the project to the Government on 31st March, 2015. Since then, activities such as levelling of

the area and initiation of tender process for the wall protecting the SEZ (Phase-1) have commenced.

Source: Maharashtra Economic Survey 2014-15


MUMBAI AS FINANCIAL HUB OF INDIA…(2/2)


NOVEMBER 2015

Further, the Government is setting up the Delhi-Mumbai Industrial Corridor (DMIC) with the help of the Government of Japan,

which has agreed to lend US$ 4.5 billion for this project. Seven nodes are in the development stage for the Phase-1 of the

project, which is expected to greatly boost India’s manufacturing sector.

The Government of Maharashtra sent a memorandum to the 13th Finance Commission to support the growth of Mumbai’s

infrastructure and develop it as an international finance centre.

In addition to providing US$ 1.59 million to the Government of Maharashtra for developing the infrastructure of Mumbai as a part

of (JNNURM), the Government of India has released US$ 26.63 million for the funding of Mumbai Metro to improve the transport

infrastructure of Mumbai.

In November 2015, apex industry body ASSOCHAM launched Maharashtra-Goa Regional Development Council, with an aim to

develop Mumbai as International Finance Centre and Mumbai-Pune-Nashik region as the Silicon Valley of India. The Council is

expected to aid sustainability of two major states.

Source: Maharashtra Economic Survey 2014-15


KEY INDUSTRIES – PHARMACEUTICALS AND BIOTECHNOLOGY … (1/3)


As of December 2014, the state had 66 registered biotech

units; of which, 50 were MSMEs and another 16 were large

scale units. Major pharmaceutical units, such as Pfizer,

Johnson and Johnson, GlaxoSmithKline, Abbott and Sun

Pharmaceutical Industries, have presence in the state.

Major opportunities have emerged in the pharmaceutical

sector, primarily in the areas of contract research, contract

manufacturing and clinical trials.

The state has a well developed laboratory, research and

development infrastructure and a strong resource pool. As of

August 2015, one of the leading pharmaceutical companies

Nutra Plus started the commercial production of therapeutic

and analgesic products in its Tarapur plant.

The Maharashtra state government aims at giving a boost to

the pharmaceutical sector in the state and improve research

activities with development of skilled man power. Hence, the

government plans to establish National Institute of Pharmacy

Education and Research at Nagpur during 2015-16. In

September 2015, A2Care, one of the leading pharmaceutical

companies, announced plans to invest in Maharashtra under

the Make in Maharashtra programme.

Source: Maharashtra Industrial Development Corporation

MSME: Micro, small and medium enterprises

NOVEMBER 2015





Economic Survey 2014-15

NOVEMBER 2015

Biotechnology & Pharmaceutical SEZs in Maharashtra

Sector Status

Serum Bio-Pharma Park Pharmaceuticals & Biotechnology Formal approval granted

Maharashtra Industrial Development Corporation Pharmaceuticals Formal approval granted

Wockhardt Infrastructure Development Limited Pharmaceuticals Formal approval granted

Mahindra and Mahindra Limited Biotechnology Formal approval granted

International Biotech Park Ltd Biotechnology Formal approval granted

Inspira Infra (Aurangabad) Ltd. (formally Ajanta Project (India) Ltd.) Pharmaceuticals Formal approval granted

Inspira Infra (Aurangabad) Ltd. (formally Ajanta Project (India) Ltd.) Biotechnology Formal approval granted

Saloni Business Park Private Limited Biotechnology Formal approval granted

Veritas Infrastructure Development Limited Biotechnology Formal approval granted

SEZ Bio-Tech Services Private Limited Biotechnology Formal approval granted

Registered BT units

BT unitsTotal units Investment (US$ million) Employment

Registered LOI* Registered LOI* Registered LOI*

MSME 50 15 43.3 29.8 872 338

Large 16 7 185.8 88.1 712 931




Key players

GlaxoSmithkline

Pharmaceuticals Ltd

Cipla Ltd

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

pharmaceuticals industry. In 2014-15, the company earned US$ 542.12 million in revenues.

From Jan 2015-September 2015, company reported revenues of US$ 220.37 million. The

company produces medicines that treat major diseases such as asthma, virus control,

infections, mental health, diabetes and digestive conditions. The company is also a leader in the

important areas of vaccines and is developing new treatments for cancer.

• Cipla is one of the major Indian companies in the pharmaceuticals sector, with total income

from operations in 2014-15 valued at US$ 1.88 billion and US$ 1.14 billion in H1 2015-16. It is

also one of the oldest players in the sector. The company has manufacturing units at Vikhroli

(Mumbai) and Patalganga.

Wockhardt Ltd

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

The company’s market presence covers formulations, biopharmaceuticals, nutrition products,

vaccines and Active Pharmaceutical Ingredients (APIs). The company’s total income from

operations stood at 743.45 million in 2014-15 and US$ 370.61 million during H1 2015-16.

• Wockhardt has set up a global scale biopharmaceuticals manufacturing park, the Wockhardt

Biotech Park, in Aurangabad. This state-of-the-art complex comprises six dedicated

manufacturing facilities, and is designed according to USFDA and EMEA standards.

Lupin Ltd• Lupin is one of the significant players and primarily derives its revenue from formulations. Total

net sales of the company in 2014-15 were valued at about US$ 2.09 billion and stood at US$

976.8 million during H1 2015-16. The company has manufacturing plants at Tarapur and

Aurangabad. The company is waiting for an approval from the Food and Drugs Authority to start

commercial operations in Mihan-SEZ, Nagpur.

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

NOVEMBER 2015


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



News Articles

IT is one of the top notch sectors in the state, with maximum

thrust, development and investment.

Over 2014-15, Maharashtra accounted for around 30 per cent of

the country’s software exports with the help of 1,200 software units

present in the state.

The Government of Maharashtra is focusing on providing IT-

related infrastructure, fiscal incentives to IT units and an

institutional framework for the IT sector. The prime IT/ITeS clusters

are in Greater Mumbai, Pune, Thane, and Nasik. Pune is the

leader in Business Process Outsourcing (BPO) services.

NOVEMBER 2015

As of March 2015, Maharashtra announced plans to establish three brownfield electronics manufacturing projects at Pune,

Aurangabad and Navi Mumbai.

As of May 2015, the state does not have any electronics policy, however, as a part of the ‘Make in India’ initiative, the state

government in planning to come up with an electronics policy for companies interested to invest in this sector in Maharashtra.

Furthermore, companies willing to invest in Pune are provided a subsidy of US$ 8.29 million as a part of the cluster scheme and

incentives like reimbursement of VAT for goods produced and sold within the state.

Source: Economic Survey 2014-15

Investment in science, technology and

environment sector in Maharashtra

Year Cost (outlay) US$ million

2011-12 6.19

2012-13 4.42

2013-14 5.64

2014-15 10.29




During 2014-15, Maharashtra Industrial Development Corporation

(MIDC), CIDCO and Software Technology Park of India cumulatively

developed 37 public IT parks and approved 465 IT parks. Of the total

465 IT parks, 144 parks are already operational with an overall

investment of US$ 552.7 million and US$ 1,485.5 million has been

proposed for the remaining projects that are in the processing phase.


NOVEMBER 2015

Source: Economic Survey 2014-15

Prominent information technology parks in Maharashtra

District Number of IT parks

Pune 166

Greater Mumbai 158

Thane 128

Nagpur 5

Nashik 4

Aurangabad 3

Wardha 1

Total 465

Prominent information technology parks in

Maharashtra

Talawade IT Park, Dehu-Moshi Road, Pune.

Millennium Business Park (MBP), Navi Mumbai

Hinjewadi IT Park Phase I, Hinjewadi, Pune

Hinjewadi IT Park Phase II, Hinjewadi, Pune

Kolhapur IT Park, Kolhapur

Sangli IT Park, Vishrambag, Sangli

Nagpur IT Park, Nagpur

Deogiri Infotech Park, Aurangabad

Kharadi IT Park, Kharadi, Pune





News articles

NOVEMBER 2015

Government Initiatives

Additional floor space index for IT parks and recreational, residential and other support facilities would be provided.

Eligible IT-ITeS units covered under the Package Scheme of Incentives (PSI) would be exempted from the payment of electricity duty.

IT units would be supplied with power at industrial rates.

Property tax shall be levied on IT/ITeS units at par with residential rates.

VAT on the sale of IT products would be generally charged at a minimum floor rate.

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

Council




Key players

Accenture

IBM

• Accenture is a global management consulting, technology services and outsourcing company,

with around 259,000 people serving clients in more than 120 countries. The company has

several development centres across India.

• It has major operating centres in Mumbai and Pune. In 2014-15 (for the twelve months ending

Aug 2015), the company earned revenues of US$ 32.91 billion.

• IBM is one of the biggest IT solutions and product firms having presence across the globe.

• The company has a significant presence in India, with centres in Pune. In 2014, it recorded

revenues of US$ 92.79 billion.

Capgemini

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

countries. The company generated revenues of US$ 11.50 billion in 2014 and US$ 5.29 billion

in H1 2015. The company provides solutions across all verticals in the industry. It has software

centres in Mumbai, Navi Mumbai and Pune. In February 2014, the company opened a new

facility at Pune with a seating capacity of 2,800 persons, adding to the 4,000 people it employs

at its Pune campus. It is also looking to increase its workforce in the state.

Infosys Technologies

Ltd

• Infosys is a well-known IT giant, with development centres across India. The company

generated revenues of US$ 8.711 billion in 2014-15 and US$ 4.64 billion in H1 2015-16

• The company has a development centre at Wakad, Pune, and also a BPO centre in the city.

• Infosys has been allotted land in Mihan-SEZ, Nagpur, and was expected to start construction

work in July 2014. In the first phase the company will invest US$ 78.8 million to accommodate

5,000 software professionals.

NOVEMBER 2015

5656

Maharashtra occupies an important place in both the production and export of engineering goods from the country.

The engineering industry in the state is highly diversified and produces a large range of machine parts, from industrial

machinery to industrial castings and forgings.

The industry, which was initially concentrated in the Mumbai-Pune belt, has spread all over the state with the major

production centres in Nagpur, Aurangabad, Nasik and Kolhapur.

The major engineering items of production and export in Maharashtra are textile mill machinery, machinery for sugar,

cement and chemical plants, food processing machinery, construction machinery, tractors, electric power machinery,

transmission line towers, automobiles and ship building.

In 2014, Bharat Heavy Electricals Ltd (BHEL) announced plans to establish a solar photo-voltaic manufacturing facility in the

state of Maharashtra with an investment of US$ 33.2 million. The plant is expected to be operational by the first quarter of

2016-17.

BHEL is setting up a new power equipment fabrication plant at Bhandara in the Vidharba region of Maharashtra. The

greenfield unit is being set up by the company with an initial investment of US$ 92 million and will provide direct employment

to about 700 people. It is setting up a silicon solar cell at Sakoli in the Bhandara district and also plans to set up a solar

photo-voltaic cell unit in the state. As of May 2015, the plant is in construction stage.


KEY INDUSTRIES – ENGINEERING … (1/2)


NOVEMBER 2015


KEY INDUSTRIES – ENGINEERING … (2/2)


Key players

Larsen & Toubro

Ltd (L&T)

Greaves Cotton Ltd

• Larsen & Toubro Limited (L&T) is a diversified Indian conglomerate with interests in engineering

and construction. The company earned US$ 15.38 billion of consolidated gross revenues in

2014-15 and US$ 6.81 billion during H1 2015-16.

• L&T is one of the oldest running companies with headquarters in Mumbai. The company has

manufacturing facilities at Mumbai and Ahmednagar.

• Greaves Cotton is one of the oldest and well-diversified engineering companies in India.

• Its core products include diesel/petrol engines, pump sets, construction equipment and gensets.

• The company has manufacturing facilities at Chakan, Chinchwad, Chikalthana, Shendra and

Waluj. The company earned US$ 272.06 million in revenues in 2014-15.

Siemens Group• Siemens Group is a leading inventor, innovator and implementer of leading-edge technology-

enabled solutions operating in the core business segments of industry, energy and healthcare.

The company is based in Navi Mumbai. In 2013-14 (October 2013 to September 2014),

Siemens India earned US$ 1.76 billion as total income from operations and US$ 1.19 billion

during the first 9 months of 2014-15 (till June 2015)

ABB

• ABB is one of the leading engineering companies in the world. The ABB group operates in

around 100 countries and employs about 130,000 people. The company offers an extensive

array of products and services within power and automation technologies. ABB operations in

India include 12 manufacturing facilities, with over 10,355 employees. The company has a

manufacturing facility in Mumbai. In 2014-15, ABB India Ltd earned revenues of US$ 1.28 billion

from operations on standalone basis and US$ 948.08 million during the first nine months of

2015.

NOVEMBER 2015


KEY INDUSTRIES – TEXTILES … (1/2)


Maharashtra contributes about 11.4 per cent to India’s textiles and

apparels output. Maharashtra is the largest cotton producer in India

with largest area under cultivation for cotton, that is, 4,192 thousand

hectares in 2014. The textile industry is the largest employer in

Maharashtra and contributes around 28 per cent to India's total

exports.

Textile parks, aimed to provide world-class infrastructural

components for the textile sector and enhance productive capacity,

are being set up in Maharashtra to maintain its leadership position in

textile exports and production.

Some of the textile parks are the Nardhana Textile Park in Dhule,

Butibori (Nagpur) Textile Park and Ambernath Textile Park. As

announced in May 2015, the state government plans to set up 8 new

textile parks in the state.

As per Budget 2015-16, the government has announced plans to

facilitate an investment of US$ 9.84 million towards interest subsidy

of 5-7 per cent on long term loans of the textile units in the state. In

addition, Maharashtra state government plans to invest US$ 4.5

million in order to provide 10% capital subsidy on long term loans for

textile industrial units in Vidarbha, Marathwada and North

Maharashtra. Maharashtra state government has also propped an

outlay of US$ 198.5 million for a scheme to provide power subsidy

to power looms across the state during 2015-16.

NOVEMBER 2015

Source: Central Silk Board*Till August 2015

Source: Economic Survey, 2014-15

Cotton (lint) production in Maharashtra (million bales)

7.74

6.82 6.79

8.83

6.82

2010-11 2011-12 2012-13 2013-14 2014-15

Raw silk production (in tonnes)

Year Volume

2012-13 97

2013-14 122

2014-15 221

2015-16* 74


KEY INDUSTRIES – TEXTILES … (2/2)


Key players

Raymond

Bombay Dyeing

• Raymond was incorporated in 1925 and is a leading Indian textile major. The company is part of

global conglomerate Raymond Group. It generated revenues of US$ 438.86 million in 2014-15

and US$ 408.4 million between April-September 2015.

• Raymond was the first in 1959 to introduce a polywool blend in India to creating the world's finest

suiting fabric – the Super 240s – made from superfine 11.6 micron wool.

• The Bombay Dyeing and Manufacturing Company Limited’s textile products include bedding

range, bedding accessories, bath linen, hotel linen and industrial fabrics.

• Product range also consists of bed sheets, bed covers, quilts, duvet covers, dohars, bed in bag

sets, blankets, pillow cases, cushion covers, shams, cushions, pillows and bed decor sets, pool

towels, bath towels, hand towels and face towels. The company generated revenues of US$

405.47 million in 2014-15 and US$ 139.96 million between April-September 2015.

S. Kumars’ • S. Kumars’ is one of India's leading textile and apparel companies. With expertise in multi-fibremanufacturing, the company has extended its presence in multiple product categories from

fabrics to apparels and home textiles. Its brands include Reid & Taylor, Belmonte, S.Kumars,

Uniformity By Belmonte, Carmichael House and Stephens Brothers.

Siyaram’s • Siyaram Silk Mills, incorporated in 1978, is a leading producer of blended fabrics in India.

• The company is one of the most renowned vertically integrated textile companies in the country.

It operates the widest range of latest machinery in its eco-friendly plants at Tarapur, Daman and

Mumbai. The company earned US$ 253.23 million in revenues in 2014-15 and US$ 115.91

million between April-September 2015.

NOVEMBER 2015

6060

Maharashtra has a strong presence in the petrochemicals, and oil and

gas sectors. Mumbai, Nagothane, Rabale and Patalganga are major

petrochemical hubs, while Thane, Mumbai, Pune an

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