Maharashtra: Highest FDI inflow between 2000-17
Maharashtra lies on the western coast of India. It is the third largest state in India, constituting approximately 9.4% of the country's total geographical area.
Mumbai, the state capital, is also known as the financial capital of the country. The state has a coastline of 720 km. Jawaharlal Nehru Port Trust (JNPT)- the largest container port in the country, is connected to 34 Container Freight Stations (CFS) and 46 Inland Container Depots (ICDs). With 11 airports, 18 national highways and 6,000 km of rail network, the state is well connected to all major markets. Maharashtra has emerged as one of the largest contributors to India's exports and is also one of the leading states in attracting Foreign Direct Investments (FDI). The state is popular for being home to Bollywood, the world's largest film industry in terms of viewership.
Key upcoming projects include:
- Navi Mumbai International Airport with an investment of USD 2.5 bn
- National Investment and Manufacturing Zone in Nagpur
- Smart Cities Mission, for which Nashik, Thane, Pimpri Chinchwad, Solapur, Kalyan-Dombivali, Aurangabad and Pune are cities identified in Maharashtra
Key upcoming industrial corridors:
- Delhi Mumbai Industrial Corridor (DMIC), with about 18% of the project influence area in the state
- Bengaluru Mumbai Industrial Corridor (BMIC), with principle approval from government of Maharashtra for development of Sangli or Solapur as a node
- World's largest film industry: Bollywood; is based out of Mumbai
- Largest producer of crude oil (offshore) at Bombay High
- Second largest producer of cotton, sugarcane and banana
- GSDP (Current price)
USD 306 bn (2015-16)
- Per capita income
USD 2,252 (2015-16)
- FDI inflow
USD 104 bn (2000-17)
(includes Dadra & Nagar Haveli, Daman & Diu)
- Annual oil production capacity
18,500 MT (2015-16)
Nearly 64% of Maharashtra's population lies in the working age group of 15-59 years.
The total population of Maharashtra is 112.4 mn, which is equivalent to the population of Mexico on 1/6th of their land area.
females/ 1000 males
Maharashtra offers wide range of attractions such as caves, creeks, beaches, mountains, monuments and forts to engage tourists. Government has invested USD 43 mn to provide basic amenities at popular tourist spots. The new State Tourism Policy, published in 2016, is expected to help the state achieve a sector growth of 10% and create 1 mn additional jobs by 2025.
Maharashtra accounts for 11.4% of India’s textile and apparel output. The sector is second largest employment generator for both skilled and unskilled labourers in the state. The Textile Policy and Industrial Policy of Maharashtra offer various incentives in the form of up gradation subsidy, interest subsidy and tax exemptions to create 1.1 mn new jobs by the end of 2017.
The food processing sector in the state attracted FDI inflow of USD 17.3 bn through 173 projects during 1991-12. Major processing industries in the state include sugar, milk, poultry, rice and flour mill, edible oil and fruit and vegetable units. Being the largest producer of grapes in India, the state also has a dedicated grape processing industry policy and wine parks to give impetus to grape processing and wine industry in the state.
The state, with a strong presence of established manufacturers and a network of component suppliers and vendors, accounts for approximately 38% of the country's output of automobiles by value. The major automobile centres in the state include Pune, Nashik, Aurangabad and Nagpur.
Maharashtra occupies a significant share of 30.5% of the industrial output of India's ESDM sector. ESDM sector in the state is expected to reach USD 400 bn in value by 2020. The state has decided to set up three brown field electronic manufacturing clusters in Pune, Aurangabad and Navi Mumbai regions. Pune and Talegaon, two well-established ESDM hubs in the state also have geographical advantage of having excellent connectivity to two of India's largest ports - Jawaharlal Nehru Port Trust and Mumbai Port Trust.
Maharashtra accounts for more than 20% of India's software exports. Pune is among top three cities in India in software exports. The state government offers incentives under its industrial policy for various infrastructure investments such as knowledge parks, exemption on filing patents etc.
Maharashtra accounts for more than one-third of the biotech revenue in the country. Mumbai and Pune districts together generate revenues worth USD 78 mn annually. The state also contributes 20% to India's pharmaceutical output.
Maharashtra is one of the key states in India with gemstone reserves and mining potential. Santacruz Electronic Export Processing Zone (SEEPZ) on 45 ha and Hupri Silver Zone on 81 ha form key part of jewellery designing hubs in the state. Mumbai city is also home to Indian Institute of Gems and Jewellery.