MAHARASHTRA - IBEFMaharashtra. India's main stock exchanges & capital market and commodity exchanges...

11MARCH 2017 For updated information, please visit www.ibef.org

MAHARASHTRA GATEWAY TO INDIA

MARCH 2017 (As of 24 March 2017)

22MARCH 2017

❖ 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


MARCH 2017


EXECUTIVE SUMMARY … (1/2)

Highest contribution to

India’s GDP

• Maharashtra’s GSDP at current prices was US$ 300.51 billion in 2015-16 and accounted

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

Highest FDI in India• Total FDI in the state during April 2000 to December 2016 stood at US$ 100.16 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. During 2016-

17 (till February 2017), the port handled 561.92 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.


Source: Central Statistics Office, TechSci Estimates, Economic Survey 2015-16

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 one of the largest producers of sugarcane and pomegranate in the country.

In 2015-16, production of sugarcane in the state stood at 72,089 thousand tonnes. During

2014-15, the production of pomegranates was recorded to be 1,313.37 thousand tonnes.

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

million bales of cotton during 2015-16.

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


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% and is home to a number of world class educational and IT institutions.

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

2015-16

GSDP of

the state

was US$

300.51

billion

2015-16

Per capita

GSDP was

US$ 2,545

Advantage

Maharashtra

ADVANTAGE MAHARASHTRA



STATE VISION


GSDP growth

• Maharashtra government

targets 12.5% 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


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 2015-16

TechSci Research Estimates

Parameters Maharashtra

Capital Mumbai

Geographical area (lakh sq. km) 3.08

Administrative districts (No) 36

Population density (persons per sq

km)365

Total population (million) 118.1

Male population (million) 61.2

Female population (million) 56.9

Sex ratio (females per 1,000 males) 929

Literacy rate (%) 82.3


88MARCH 2017

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, TechSci Estimates

GSDP growth rate (%) 9.9 8.71 Central Statistics Office, TechSci Estimates

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

Physical Infrastructure

Installed power capacity (MW) 40,598.69 305,554.25 Central Electricity Authority, as of August 2016

Wireless subscribers (No) 87,183,302 1,078,422,215Telecom Regulatory Authority of India, as of

October 2016

Internet subscribers (No) 30,620,000 367,480,000Telecom Regulatory Authority of India, as of

September 2016

National Highway length (km) 7,434.79 100,087.08NHAI, 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)


99MARCH 2017

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 82.62 288.51Department of Industrial Policy & Promotion,

April 2000 to March 2016

Industrial Infrastructure

Operational PPP projects (No) 194 1,246DEA, Ministry of Finance, Government of India,

July 2016

Operational SEZs (No) 25 186

Notified as of February 2016, Ministry of

Commerce & Industry, Department of

Commerce, July 2016

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)


1010MARCH 2017

At current prices, GSDP* of Maharashtra was US$ 300.51

billion in 2015-16.

GSDP of the state grew at a CAGR of around 10.54% from

2005-06 to 2015-16.

Source: Central Statistics Office, 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* - State Budget 2016-17

GSDP of Maharashtra at current prices

(in US$ billion)


ECONOMIC SNAPSHOT – GSDP


110.3 129.5170.1 163.4 180.5

230.0 250.7 243.7 244.9264.8

300.5

20

05-0

6

20

06-0

7

20

07-0

8

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

20

15-1

6

1111MARCH 2017

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

billion in 2015-16.

Maharashtra’s NSDP# grew at a CAGR of around 10.29%

from 2005-06 to 2015-16.

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

NSDP# - Geometric mean of YoY calculation from 2004-05 to 2014-15


ECONOMIC SNAPSHOT – NSDP


NSDP of Maharashtra at current prices

(in US$ billion)

99 116.7153.9 146.9 162.5

208.4227.1 220.4 221.2 238

263.6

20

05-0

6

20

06-0

7

20

07-0

8

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

20

15-1

6

1212MARCH 2017

The state’s per capita GSDP^ at current price was US$

2,545 in 2015-16.

The per capita GSDP of Maharashtra grew at a CAGR of

9.16% between 2005-06 and 2015-16.

Source: Central Statistics Office, TechSci Estimates based on

“Advanced Estimates” provided by Directorate of Economics and

Statistics of Maharashtra

Per Capita GSDP^ - calculated using GSDP million US$/ Population in million

Per capita GSDP (US$)


ECONOMIC SNAPSHOT – PER CAPITA GSDP


1,059 1,2251,585 1,500 1,633

2,053.02,208 2,1182,100.52,242

2545

20

05-0

6

20

06-0

7

20

07-0

8

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

20

15-1

6

1313MARCH 2017

9511,104

1,434 1,3491,471

1,860.02,000 1,9151,897.7

2013.82232.5

20

05-0

6

20

06-0

7

20

07-0

8

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

20

15-1

6

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

2,232.5 in 2015-16.

The per capita NSDP of Maharashtra grew at a CAGR of

8.91% between 2005-06 and 2015-16.




per capita NSDP& - calculated using NSDP million

US$/Population in million

Per capita NSDP (US$)


ECONOMIC SNAPSHOT – PER CAPITA NSDP


1414MARCH 2017

Over 2015-16, the tertiaryµ sector contributed 64.53% to the

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

sector with a contribution of 25.84%.

At a CAGR of 15.8%, the tertiary sector has been the fastest

growing among the three sectors from 2004-05 to 2015-16.

Growth was driven by trade, hotels, real estate, finance,

insurance, transport, communications and other services.

The secondary sector grew at a CAGR of 13.5% between

2004-05 and 2015-16. The growth in secondary sector was

driven by growth in manufacturing, construction and

electricity, gas & water supply industries.

The primaryµ sector expanded at a CAGR of 13.7%

between 2004-05 and 2015-16. Agriculture is the major

contributor in the growth of the primary sector followed by

forestry and fishing.

The World Bank in January 2017 will fund the state

Government project namely Climate Resistant Agriculture to

reclaim 5 lakh hectares saline lands, spread in 1,000

villages. The World Bank will contribute US$ 416.484 out of

the US$594.97 joint project.




Sector-wise % share of GSDPµ -Geometric mean of YoY

calculation from 2004-05 to 2014-15

Percentage distribution of GSDP

CAGR


ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSDP

13.7%

15.8%

13.5%


10.18 9.63

29.61 25.84

59.58 64.53

2004-05 2015-16Primary Secondary Tertiary

1515MARCH 2017

Source: Economic Survey of Maharashtra, 2015-16,

Indian Horticulture Database

CropAnnual production 2015-16

(‘000 tonnes)

Sugarcane 72,089

Soya bean 1,853

Groundnut 189

Sunflower seed 7

Jowar (Kharif) 314

Jowar (Rabi) 1,383

Rice 2,548

Wheat 720

Bajra (millets) 304

Maize (Kharif) 1,184

Maize (Rabi) 336

Total food grains (Kharif) 5,036

Total food grains (Rabi) 3,353

Total oilseeds (Kharif) 2,052

Total oilseeds (Rabi) 28

Total pulses (Kharif) 576

Total pulses (Rabi) 911

During 2015-16, production of pulses and oil seeds in the state

was recorded at around 1.48 million tonnes and 2.08 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 stood at around 8.3

million tonnes in 2015-16.

As per the Agriculture Marketing and Farmer Friendly Reforms

Index, the state secured the top position in pursuing farmer

friendly policies during 2016.


ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION…(1/2)


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

horticulture crops in Maharashtra

2380.2

2649.2

2651.2

1673.9

18,378.3

24,265.2 24,277.019,719.8

20

12-1

3

20

13-1

4

20

14-1

5

20

15-1

6

Area

Production


ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION…(2/2)


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, Ministry of Agriculture

Sugarcane production in Maharashtra (million MT)

64.16

81.90 86.73

69.65 75.3891.53

72.08

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

Sugar production in Maharashtra (lakh MT)

70.4090.70 90.00

79.70 77.10

105.10

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

Vegetable production in Maharashtra (‘000 MT)

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

As per state budget 2016-17, the Government of

Maharashtra proposed an outlay of US$ 12.22

million under the scheme - “National Agriculture

Development Scheme” in order to strengthen the

production of pulses and oilseeds in the state.

The state government also proposed

establishment of organic farming research &

training centres across four universities related to

agriculture for the endorsement of organic

farming in the state.

During 2015-16, the state recorded production of

5,803 thousand MT of onion.

1717MARCH 2017

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


ECONOMIC SNAPSHOT – FDI INFLOWS AND INVESTMENTS


According to the DIPP, cumulative FDI inflows1 in the

state of Maharashtra during April 2000 to December

2016 stood at US$ 100.16 billion.

The state government has approved 19,053

industrial proposals during 1991-92 to 2015-16 (up to

October 2015). Chemicals & fertilisers followed by

textiles were the leading sectors in terms of industrial

proposals approved with cumulative share of 25.4%.

FDI equity inflows1, 2008-09 to 2014-17

(US$ million)

12,431

8,249

6,097

9,553

6,361

3,420

6,361

9,511 10,016

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

20

15-1

6

20

16-1

7(1

)

Approved and commissioned industrial projects for major industries

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

Industry

Approved proposalsCommissioned

Projects

No.

Investment

(US$

billion)

No.

Investme

nts (US$

billion)

Metallurgical 1,909 15.43 935 5.61

Chemicals &

fertilizers2,839 9.15 1,386 3.40

Textile 1,998 7.64 933 2.59

Electrical &

electronics1,174 3.43 683 1.19

Sugar 1,532 5.87 235 1.28

Processed

food1,046 3.09 440 0.88

1818MARCH 2017

As of November 2015, Maharashtra’s exports totalled to around

US$ 43.84 billion.

Major products exported from the state are gems and jewellery,

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

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

pharmaceuticals, and plastic and plastic items.

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

the Government of Maharashtra, approved a subsidy of US$ 16.7

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

sugar.

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

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

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

by the state government in September 2015, Maharashtra is

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

Coca Cola, a major soft drink producing giant will be procuring

oranges from Vidarbha, Nagpur for producing juices, that would be

sold worldwide. The production would take place at its Butibori plant

Source: Economic Survey of Maharashtra, 2015-16

Note: 2015-16(1) : up to November 2015

Exports trends (US$ billion)


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


49.2 48.1

67.6

84.076.9

47.8

73.9

43.8

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

20

15

-16⁽¹⁾


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


Maize exports from Maharashtra (million MT)

108.91

151.60

187.80

223.76

165.51132.57

103.15

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

Source: APEDA, 1From April-August 2015

Dairy product’s exports from Maharashtra (thousand MT)

8.32 11.35 4.67

21.83

39.54

11.255.99

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

Source: APEDA, 1From April-August 2015

Pulses exports from Maharashtra (million MT)

7.56

15.09

18.1420.60

23.54

13.0315.61

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

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

2020MARCH 2017

Source: State Budget 2016-17


STATE BUDGET 2016-17


Revenue receipts of US$ 33.73 billion and revenue expenditure of US$ 34.29 billion were estimated during 2016-17.

PlanBudget- 2016-17

(US$ million)

National Agriculture

Development Scheme12.22

‘Mahatma Gandhi Rural

Employment

Mission’ and ‘State Employment

Guarantee Scheme’

530.65

Science, Technology &

Environment Annual plan9.47

Crop Insurance Scheme. 283.37

Pandit Dindayal Upadhyay Krishi

Margdarshan Yojana9.16

Irrigation 4.58

Irrigation projects included in

“Pradhan Mantri Krishi Sinchai

Yojana”317.44

“Chief Minister Rural Road

Scheme”76.38

Electricity generation projects 119.76

Textile Industry 40.48

Road construction 618.69

PlanBudget- 2016-

17 (US$ million)

Land acquisition and project displaced rehabilitation in

MIHAN.33.04

Shelter for all- 2022 scheme 106.93

infrastructure development in Municipal council, Nagar

Panchayat152.76

Accelerate Nagpur and Pune metro project. 27.49

Maharashtra fire safety mission. 4.58

Rajiv Gandhi Jivandai Arogya Yojana 45.82

Sarv Siksha Abhiyan 113.04

Nature Tourism 7.21

Strengthening of tourist places. 43.53

Majhi Kanya Bhagyashree Yojana 3.81

Preservation and conservation for Varli Art. 9.16

Mumbai Metro phase-3. 13.82

Rajiv Gandhi Jivandai Arogya Yojana 45.82


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

PHYSICAL INFRASTRUCTURE – ROADS…(1/2)


The state is well connected to its 6 neighbouring states & other parts of India through 18 national highways. The 94.5 km long

Mumbai-Pune expressway is India's 1st 6-lane, concrete, high speed, tolled expressway, which connects the state capital & financial

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

During 2015-16, with an investment of US$ 76.38 million, the state government executed - Chief Minister Rural Road Development

Scheme, for connecting those areas which are not included under PMGSY. As per budget 2016-17, the Government of Maharashtra

allotted an outlay of US$ 618.69 million for construction of roads in the state. Moreover, for enhancing the flow of traffic in the town of

Kalyan, the government proposed to establish the 21 km long Bhiwandi-Kalyan-Shilphata elevated road, with a proposed outlay of

US$ 6.11 million.

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 3rd bridge on Thane creek at Vashi with a proposed investment of US$ 132.7

million, an elevated road at Bhiwandi-Kalyan-Shil Phata with a proposed investment of US$ 431.3 million, 4-lane Vakan-Pali-Khopoli

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

The state government plans to construct a new proposed 8-lane highway, between Mumbai & Nagpur, in which concept of land

pooling will come into play. The project is worth US$6.84 billion and would be requiring 10000 hectares of land.

Road type Road length (km)

(as of 2015-16)

National highways 7,434.79

State highways 40,000

Major district roads 50,232

Other district roads 52,761

Village roads 114,557

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

National highway length completed (km)

391.00

250.50

124.00

2012-13 2013-14 2014-15


PHYSICAL INFRASTRUCTURE – ROADS…(2/2)


Expenditure on road works under Pradhan Mantri Gram

Sadak Yojana in Maharashtra (US$ million)

58.52

82.55

33.80

2013-14 2014-15 2015-16¹

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)

As per budget 2016-17, the state government proposed an

outlay of US$ 33.04 million for acquisition of land, special

subsidy package, etc. under the MIHAN project during 2016-

17.

As of November 2016, the government approved two and

four-laning of three highway stretches - NH-930, NH-211

(New NH-52) and NH-211 (New NH-52) in Maharashtra.Pradhan Mantri Gram Sadak Yojana

(PMGSY)`(2015-16- up to July 2015)

Habitations connected 10724

Length completed 34852.06

Source: NHAI, Note: 1Up to October 2015

Source: PMGSY

2323MARCH 2017

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

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).

As of February 2017, Central Railways is planning to run 52 special superfast

weekly trains to Sainagar Shirdi from Lokmanya Tilak Terminus and Dadar

stations, so as to clear the extra rush of passengers during summer season.

During 2015-16, the state government initiated work on the 1st stage of

Phase-I CBD BelapurPendhar-Taloja MIDC-Kalamboli-Khandeshwar-Navi

Mumbai International Airport corridor, which is expected to be accomplished

by 2017. Work on the 11.1 km long Belapur-Pendhar road is under progress.

As per budget 2016-17, the state government allocated US$ 27.49 million for

boosting the execution of Nagpur to Pune metro rail project. Moreover, for the

Phase II of Mumbai Metro line, an outlay of US$ 13.82 million has been

proposed by the state government for 2016-17.

US$ 1.61 billion was raised for the Mumbai Urban Transport Project III

(MUTP III) by Prime Minister Narendra Modi, for developing an elevated link

between Airoli & Kalwa that would help passengers to avoid interchange at

Thane.

The government has passed resolution to form Maharashtra Railway

Infrastructure Development Company Ltd (MRIDC), being a joint partnership

between state government & Railway Ministry. The MRIDC shall have a

working mandate on Railway projects in January 2017.

The government in February 2017, has sanctioned construction of 7 new

railway lines & several other projects, including Chhatrapati Shivaji Terminus-

Panvel fast elevated corridor, worth US$4.64 billion.

The Railway budget 2017, which came jointly with the Union Budget, has

apportioned US$ 5.72 billion for suburban rail projects & ongoing projects in

the state of Maharashtra.


PHYSICAL INFRASTRUCTURE – RAILWAYS


Metro/mono rail projects

Project cost (US$

million)

Current status/implementation

periodMumbai Metro Rail

Project

Phase IIA : Dahisar-D.N. Nagar (18.6 km) 979.22

Initiated from February 2016

Phase III: Colaba-Bandra-SEEPZ (33.5 km)

3,534.37Tendering for civil works in

progress

Phase IV: Wadala-Ghatkopar-Thane-Kasarwadavli (32 km)

2,917.81Report on

feasibility study submitted

Phase VII: Andheri (E)-Dahisar (E) (16.5 km) 948.37

Appointment of

interim consultant is in

progress

Mumbai Mono Rail Project

Wadala to Chembur & Sant Gadge Maharaj Chowk (Jacob circle) to Wadala (20 km)

375.80

Phase I: complete,

Phase II:90% work

completed

2424MARCH 2017

There are seven domestic and four international airports

functioning in Maharashtra. Domestic flights operate

from Mumbai, Pune, Nagpur, Aurangabad, Kolhapur,

Juhu and Nanded, whereas international flights operate

from Mumbai, Nagpur, Pune and Aurangabad. Mumbai

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

congestion at the Mumbai International Airport, an idea

for a new airport has been proposed at Navi Mumbai.

During 2015-16, the state government proposed to

establish an additional airport through PPP, in around

four phases at Navi Mumbai with a view to minimize

overcrowding at Mumbai International Airport. For this

purpose, an amount of US$ 2.55 billion has been

proposed by the Government of Maharashtra. The first

phase of the project is expected to be executed by

2019.

As per budget 2016-17, the state government proposed

an amount of US$ 9.16 million for the enhancement of

airports (Solapur, Shirdi, Chandrapur, Karhad, Akola,

Amaravati, etc) under the Airport Development Authority

of Maharashtra.

Source: AAI (Airports Authority of India)


PHYSICAL INFRASTRUCTURE – AIRPORTS…(1/2)


International airport

Domestic airport


PHYSICAL INFRASTRUCTURE – AIRPORTS…(2/2)


Source: Airports Authority of India

Domestic

airport

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

2013-14 2014-15 2015-16 2013-14 2014-15 2015-16 2013-14 2014-15 2015-16

Mumbai 218.8 252.1 300.5 188.3 195.4 220.2 181.1 207.7 209.0

Pune 35.0 40.7 51.8 29.5 32.6 38.7 21.1 27.4 31.8

Nagpur 13.6 13.6 15.2 12.5 13.5 12.6 5.1 5.6 6.0

Aurangabad 4.4 4.2 2.9 4.0 4.1 3.7 0.8 1.3 1.4

International

airport

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

2013-14 2014-15 2015-16 2013-14 2014-15 2015-16 2013-14 2014-15 2015-16

Mumbai 103.41 114.30 116.24 72.36 74.09 76.38 467.64 486.54 496.24

Pune 1.23 1.01 2.40 1.03 1.12 2.04 0.01 - 0.01

Nagpur 0.45 0.44 0.74 0.48 0.54 0.84 0.42 0.44 0.43

2626MARCH 2017

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

Mumbai Port Trust (MbPT) and Jawaharlal Nehru Port Trust

(JNPT). In addition, there are 53 minor ports. During 2016-17,

up to February 2017, total traffic handled at the two major ports

in Maharashtra was recorded at 1,137.65 lakh tonnes, of which

JNPT accounted for 561.92 lakh tonnes while, Mumbai port

handled around 575.73 lakh tonnes of port traffic.

The non-major ports of Maharashtra collectively handled

passenger traffic of around 113.57 passengers and cargo of

170.33 lakh tonnes, during 2015-16, till November 2015.

Source: India Ports Association

1From April 2016 to February 2017


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

Operational ports statistics

For major

ports2013-14 2014-15 2015-161 2016-171

Traffic handled

(lakh MT)1,215.17 1,254.6 1147.03 1137.65

For minor

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

Traffic handled

(lakh MT)241.98 247.74 96.43

Not

available

2727MARCH 2017

As of August 2016, the state had a total installed power

generation capacity of 40,598.69 MW.

Thermal power contributed 29,922.19 MW to the total

installed power generation capacity, followed by

renewable power, hydropower and nuclear power with

contributions of 6,654.52 MW, 3,331.84 MW and 690.14

MW, respectively.

The private sector was the biggest contributor to the total

installed thermal power generation capacity in

Maharashtra with a capacity of 19,257.39 MW, followed

by 14,314.97 MW under state utilities and 7,026.33 MW

under central utilities.

The state government also proposed a new scheme for

improving electricity distribution system in the state. As

per the budget 2016-17, an investment of US$ 45.98

million has been projected by the government for this new

scheme.

In order to intensify the capacity of renewable energy

sources in the state, the state government has professed

a new energy policy, for which an investment of US$

69.66 million has been proposed.

Installed power capacity (MW)


PHYSICAL INFRASTRUCTURE – POWER


22,64526,142

30,35434,005

16,813 40,589 40,598

2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17(1)

Source: Central Electricity Authority1Upto August 2016

2828MARCH 2017

According to Telecom Regulatory Authority of India (TRAI),

Maharashtra had 87.18 million wireless subscribers and 1.88

million wireline subscribers, as of October 2016.

By the end of October 2016, 16,668,483 subscribers had

submitted requests for mobile number portability in

Maharashtra. Moreover, the tele density in Maharashtra stood at

101.70% as of October 2016.

As of April 2016, the state recorded 202,269 new telephone

wireless connections of Tata, 4,979 new wireless connections of

Vodafone and 18,148 new wireless connections of Reliance.


PHYSICAL INFRASTRUCTURE – TELECOM


Telecom infrastructure (As of October 2016)

Wireless subscribers 87,183,302

Wireline subscribers 1,883,711

Internet subscribers 30,620,0001

Post offices 12,6012

Tele density (percent) 101.70

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

Ministry of Communications and Information Technology,1As of September 2016

2As on December 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

Performance status of NOFN Project

(as of April 2016)

No. of GPs in phase-I 12,055

Pipe laid (km) 14,214

Cable laid (km) 10,906

GPs for which cable laid 4,771

No. of GPs lit 150

2929MARCH 2017

Source: Department of Environment, Government of Maharashtra,

JNNURM, Ministry of Urban Development


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


Under JNNURM, 2 schemes, namely, Basic Services to Urban Poor (BSUP) & Integrated Housing & Slum Development

Programme (IHSDP) have been implemented by Maharashtra Housing & Area Development Authority.

During 2016-17, the state government allocated US$ 152.76 million for “Maharashtra Suvarn Jayanti Nagrothan Mahaabhiyan”,

which is being implemented in the state for creating basic urban amenities across various municipal councils & townships of the

state.

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

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

housing concept with opening up of land parcels & plots that would lie under no development zones. For this, the government is

planning to constitute Housing for all by 2022 policy for the urban population.

As per under budget 2016-17, the state government has proposed an outlay of US$ 27.49 million in order to boost the

development of metro rail projects in Nagpur & Pune. Moreover, for Maharashtra Fire Safety Mission in the state, an amount of

US$ 4.58 million has been proposed by the state government.

Under the Accelerated Irrigation Benefit Program (AIBP), the Centre released the 2nd & the biggest instalment of US$ 111.01

million to the Maharashtra government, to speed up construction of 26 dams. The state is set to receive a total of US$ 51.94

million as a part of the AIBP, until 2020.

In March 2017, under the Prime 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.


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


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

3131MARCH 2017

Project Name PPP type Sector StageProject Cost

(US$ million)

4 laning Pune - Shirur Road (BOT) TransportOperation and

maintenance stage16.04

Hydro Electric Power (Waghur) Project (BOT) Energy Under construction 1.10

Hydel Power (Vajra - III) Project (BOT) EnergyOperation and


Hydro Electric Power (Urmodi) Project (BOT) Energy Under construction 2.20

Hydro Electric Power (Upper Vaitarna) Project (BOT) Energy Under construction 2.20

School Building (Waddhamna) Project (DBOOT)

Social and

commercial

infrastructure

Under construction 1.32

Hydro Electric Power (Temghar) Project (BOT) Energy Under construction 2.93

Water Supply Scheme (Tuljapur) (O&M) Water sanitationOperation and


Hydro Electric Power (Parseoni) Project -

Package 2(BOT) Energy

Operation and


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

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

Own-Operate-Transfer, O&M: Management Contract


DEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE PARTNERSHIP (PPP)

PROJECTS



DEVELOPMENT PROJECTS: SEZs … (1/3)


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

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 July 2016, the state has 25 operational SEZs in the state across diversified sectors including 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

In addition to operational SEZs, as of July 2016, Maharashtra had 9 SEZs with valid in-principle approvals, 59 SEZs with formal

approvals and 51 SEZs with notified approvals.

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




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

3535MARCH 2017

Education infrastructure (2015-16)

InstitutionNo. of

Institution

Student

Enrollment

Primary schools 105,489 16,017

Secondary and higher secondary

schools25,013 6,414

Engineering colleges (diploma,

graduate and post-graduate)1,093 346,515

Industrial training institutes (itis) 824 134,767

Architecture colleges 74 3,763

Arts, science, commerce & law

colleges2,249 961,576

Pharmacy 486 29,371

During 2015-16, Maharashtra’s education infrastructure

comprised 21 universities, 105,489 primary schools, 25,013

secondary & higher secondary schools. Primary schools had

16,017 thousand students enrolled during the year, of which

7,509 thousand were girls, with 515 thousand teachers.

Secondary schools in the state had 6,414 thousand enrolled

students, of which 2,920 thousand were girls, with 221

thousand teachers. Government of Maharashtra is focusing

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

Kasturba Gandhi Balika Vidyalaya, Ahilyabai Holkar Scheme

& Attendance Allowance Scheme have been introduced for

promoting girl education in the state.

As per budget 2016-17, the state government allocated an

amount of US$ 20.99 million for the “National Secondary

Education Mission” which was initiated by the central

government, in association with the state government, and

aims at delivering quality education to all students

undergoing secondary education. Further, the state

government also decided to digitise all public libraries

approved by the government, with an allocated amount of

US$ 2.62 million during 2016-17.

In addition, an outlay of US$ 113.04 million for Sarv Shiksha

Abhiyan has been proposed by the central & state

governments, collectively.

As of February 2017, a total of 18,225 schools had

completed their self assessments, which is the 1st stage of

the new accreditation system Shaala Siddhi 2016, adopted

by all states in India.


SOCIAL INFRASTRUCTURE – EDUCATION

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

Census 2011


Literacy rate (%) in Maharashtra, 2015-16

Overall 82.3

Male 88.4 Urban 88.7

Female 69.9 Rural 77


SOCIAL INFRASTRUCTURE – HEALTH


Health infrastructure (2015-16(1))

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, 2015-16(1)Until Dec 2015

As per budget 2016-17, an outlay of US$ 237.39 million

has been proposed by the state government for Public

Health Department. Moreover, for increasing the

coverage of insurance being provided to beneficiaries in

the state, the state government proposed an allocation

of US$ 45.82 million during 2016-17.

Health indicators of Maharashtra

(As of 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) (2-15-16)

Male (2016-20) 69.9

Female (2016-20) 73.7

3737MARCH 2017

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.


CULTURAL INFRASTRUCTURE


Source: Maharashtra Tourism, Government of Maharashtra


AMRUT AND SMART CITIES


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 & Thane under the Smart City project.

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

agreement is expected to boost the Indo-UK trade.

As per budget 2016-17, the state government launched a scheme for smart city for delivering eco-friendly & ecological urban life to the

state’s citizens. Among the first selected 20 states, Pune & Solapur are also included. Moreover, the state government has also decided

to develop other 8 smart cities in the state as well.

3939MARCH 2017

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

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

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

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

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

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

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

processing. Till July 2015, the state has 25 operational SEZs, of which the majority share is contributed by IT/ITeS, engineering and

electronics segment.


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 2015-16, MAIDC - Maharashtra Agro Industries

Development Corporation, (1)Up to September 2015

Establishment of MSME units

Year MSME unitsInvestment

(US$ million)

Employment

(lakh)

2007-08 10,244 348.46 1.39

2008-09 11,682 503.36 1.71

2009-10 11,896 462.57 1.50

2010-11 14,496 849.83 1.87

2011-12 15,606 678.74 2.07

2012-13 16,136 833.33 2.06

2013-14 19,814 971.28 2.48

2014-15 36,992 1,096.85 3.50

2015-16(1)

20,220 624.81 1.66


FINANCIAL SECTOR…(1/7)


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 2015-16, 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% 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% 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

(January-March 2016)

Bank group

No. of

banking

offices

Deposits

(US$ million)

Credit

(US$ million)

Rural 3,199 9,444.50 8,068.62

Semi-urban 2,554 15,586.01 10,336.21

Urban 1,807 24,609.75 12,851.99

Total 7,560 49,640.25 31256.81

Source: Reserve Bank of India


FINANCIAL SECTOR…(2/7)


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


19,099

6,811 7,502

4,473

313


Private SectorBanks

State BankGroup

ForeignBanks in India

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

23,321

9,449 8,920

4,683

269


Private SectorBanks

State BankGroup

Foreign Banksin India

Source: Reserve Bank of India



FINANCIAL SECTOR …(3/7)


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$ 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$ 6.94 billion (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/





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$ 5.43 billion (2015-16)Headquarters & Employees: Bank is based in Mumbai with over 28,000 employees and more than 4,000 ATMs Website: www.unionbankofindia.co.in

Foundation year: 1935 (the bank has the largest network of branches in Maharashtra and is a public sector bank)Banking services: Loans, credit cards, savings, investment vehicles, insurance, investment banking, mortgage loans, private banking etc.Total assets: US$ 24.22 billion; Total income: US$ 2.14 billion (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$ 4.25 billion (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/





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$ 1.29 billion (nine months ending December 2015)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$ 1.11 billion (2015-16)Headquarters & 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





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$ 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$ 4.80 billion (2015-16) Headquarters & 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/





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)


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

September 2015, the number of micro, small and medium enterprises (MSMEs) in Mumbai totalled 244,000, providing employment to

about 292,000 thousand 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.

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

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

is being developed by Jawaharlal Nehru Port Trust (JNPT) and is planned by L&T Infrastructure Engineering Limited. The project will

be developed on EPC mode with a total expected private investment of about US$ 534.68 million. The zone is being developed on

277.38 hectares of land and is directly accessible via Mumbai Goa Highway- NH4B and SH 54. It is expected to generate direct and

indirect employment opportunities for about 150 thousand people. The project was granted environmental clearance on 5th December,

2014. L&T Infrastructure Engineering submitted detailed plans for the project to the government on 31st March, 2015. Since then,

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


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


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

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

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

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

infrastructure and develop it as an international finance centre.

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

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

infrastructure of Mumbai.

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

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

expected to aid sustainability of two major states.

The Mumbai Metro Rail Phase II A, from Dahisar to D.N. Nagar covering 18.6 km with project cost of US$ 979.22 million,

commenced in February-2016 and is likely to be completed by March 2019. Phase III of the project, Colaba-Bandra-Seepz

covering 33.5 km with a project cost US$ 3534.37 million is expected to be completed by 2020-21. General consultant has been

appointed and tendering for civil work is in progress for this phase.

Preliminary work is in progress for the Mumbai Trans – Harbour link and Multi-Modal Corridor from Virar to Alibaug. Work on the

projects commenced in 2011 & 2010 and are expected to be completed by 2021 & 2019, respectively. As of October 2015,

expenditure of US$ 1. 21 million and US$ 1 million, respectively, was incurred.

Source: Maharashtra Economic Survey 2015-16


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


Major opportunities have emerged in the pharmaceutical

sector, primarily in the areas of contract research, contract

manufacturing and clinical trials.

The state has a well developed laboratory, research and

development infrastructure and a strong resource pool. As of

August 2015, one of the leading pharmaceutical companies

Nutra Plus started the commercial production of therapeutic

and analgesic products in its Tarapur plant.

The Maharashtra state government aims at giving a boost to

the pharmaceutical sector in the state and improve research

activities with development of skilled man power. Hence, the

government plans to establish National Institute of Pharmacy

Education and Research at Nagpur during 2015-16. In

September 2015, A2Care, one of the leading pharmaceutical

companies, announced plans to invest in Maharashtra under

the Make in Maharashtra programme.

From August 1991 to October 2015, a total of 854 projects

with an investment of US$ 2448.5 million have been

approved for the pharmaceutical industry in the state. Of

these 496 projects with investment of US$ 663.15 million

have commenced.

Source: Maharashtra Industrial Development Corporation

MSME: Micro, small and medium enterprises





Economic Survey 2015-16

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 2015-16, the company earned US$ 422.91 million in revenues. The

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

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

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

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

from operations in 2015-16 valued at US$ 2.08 billion 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 US$ 339.86 million in 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. Totalnet sales of the company in 2015-16 were valued at about US$ 2.09 billion. The company has

manufacturing plants at Tarapur and Aurangabad. The company is waiting for an approval from

the Food and Drugs Authority to start commercial operations in Mihan-SEZ, Nagpur.

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


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% of the

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

present in the state.

The Government of Maharashtra is focusing on providing IT-

related infrastructure, fiscal incentives to IT units and an

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

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

leader in Business Process Outsourcing (BPO) services.

During 2015-16, the Directorate of Information Technology made 156 online services available through “Aaple Sarkar” portal under

the Maharashtra Public Services Rights Act, 2015.

During 2016, Government of Maharashtra came up with a new policy - “Electronics Policy 2016”, which aims at achieving a turnover

of US$ 12 billion for the ESDM industry and is assisting in targeted expansion of ESDM sector to cross US$ 2 billion, through 2020.

The government has launched WiFi services, which will connect 500 hotspots across Mumbai, under the smart city project. By May

2018, the government is planning to extend the free WiFi services across 1200 hotspots.

Source: Economic Survey 2015-16

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 9.47

2015-16 10.23




During 2015-16, Maharashtra Industrial Development Corporation

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

developed 37 public IT parks and approved 472 IT parks. Of the total

472 IT parks, 160 parks are already operational with an overall

investment of US$ 556.37 million and US$ 1,369.08 million has been

proposed for the remaining 312 IT park projects that are in the

processing phase.

Source: Maharashtra Industrial Development CorporationSource: Economic Survey 2015-16

Prominent information technology parks in Maharashtra

District Number of IT parks (2015-16)

Pune 172

Greater Mumbai 158

Thane 129

Nagpur 5

Nashik 4

Aurangabad 3

Wardha 1

Total 472

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

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.

5656MARCH 2017

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

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

machinery to industrial castings and forgings.

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

production centres in Nagpur, Aurangabad, Nasik and Kolhapur.

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

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

transmission line towers, automobiles and ship building.

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

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

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

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


KEY INDUSTRIES – ENGINEERING … (1/2)



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$ 6.81 billion in revenues 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$ 247.31 million in revenues in 2015-16.

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.


KEY INDUSTRIES – TEXTILES … (1/2)


Maharashtra contributes about 11.4% to India’s textiles and apparels

output. Maharashtra is the largest cotton producer in India with

largest area under cultivation for cotton, that is, 3,827 thousand

hectares during 2015-16. The textile industry is the largest employer

in Maharashtra and contributes around 28% to India's total exports.

Textile parks, aimed to provide world-class infrastructural

components for the textile sector and enhance productive capacity,

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

textile exports and production.

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

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

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

textile parks in the state.

As per budget 2016-17, the state government is aiming at setting up

new textile units across the state’s cotton growing areas. Moreover,

the government has also proposed an investment of US$ 40.48

million during 2016-17, for the existing and upcoming textile projects

across Vidharbha, Norhern Maharashtra and Marathwada.

The Government of Maharashtra is planning to set up a garment

park in Solapur, with an investment of US$ 44.62 million to generate

employment in the surrounding areas.

Source: Central Silk Board

Note: 2015-16(1) : Till May 2016

Source: Economic Survey, 2014-15

2015-16 (cotton production) - estimated

Cotton (lint) production in Maharashtra (million bales)

7.74

6.82 6.79

8.83

6.82

4.20

2010-11 2011-12 2012-13 201

MAHARASHTRA - IBEFMaharashtra. India's main stock exchanges & capital market and commodity exchanges...

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