Investment Opportunities in Maharashtra

SNAPSHOT

Highest state FDI inflow received between Oct 2019 – Dec 2022 at 27%. FDI inflows (Oct 2019 - Dec 2022) - $49.93 Bn

Mumbai, the state's capital is known as the financial capital of India and houses the headquarters of major corporate and financial institutions. Maharashtra is the automobile manufacturing and BFSI hub of the country

Maharashtra lies on the western coast of India. It is the third largest state in India, occupying approximately 9.4% of the country's total geographical area. The state is well connected to all the major markets with 5 international and 13 domestic airports, over 3.24 Lakh km of road network, and over 12000 km of rail network (more than 9% share of railway route in India). The State’s coastline of 720 km and presence of 50 ports, 2 major and 48 non-major ports facilitate over 20% of the total cargo transport in India.

Jawaharlal Nehru Port Trust (JNPT), the largest container port in the country, is connected to 34 Container Freight Stations (CFS) and 47 Inland Container Depots (ICD). The state has a total installed power capacity of over 44,525 MW (as of February 2023). Maharashtra has 114 Sagarmala projects worth INR 99,210 Cr under MoPSW. Therefore, the business community is welcome to explore many business opportunities in Maharashtra.

Maharashtra has a good presence of industrial clusters, especially automobile, IT & ITeS, chemicals, textiles, and food processing clusters. Many lucrative investment opportunities in Maharashtra are offered in these sectors.

Maharashtra has the highest value of exports; accounting for 17.33% of India’s exports. Maharashtra has ranked #1 in Export Preparedness Index in 2020.

Maharashtra is recognized as an “Achiever” among the coastal states by DPIIT in Logistics Ease (LEADS 2022).

Maharashtra contributes to 15% of the industrial output in India. The State also commands one of the highest per capita incomes in India at $ 2,900 (in 2019-20).

One of the leading States with 991 Engineering and Management Colleges and 958 ITIs, Maharashtra has the highest employable talent in India at 68%.

Displaying robust digitization, Maharashtra has the largest base of internet subscribers in India at 97 Mn, and also 133 Mn telecom subscribers.

World's largest film industry in terms of viewership - Bollywood is based out of Mumbai

Largest producer of crude oil (offshore) in India at Bombay High

Largest producer of Jowar and Arhar; 2nd largest producer of total pulses, cotton, sugarcane and third largest producer of nutri/coarse cereals.

Tourism

Maharashtra offers a wide range of attractions such as caves, creeks, beaches, mountains, monuments, and forts to engage tourists.

The State saw the arrival of 43.56 mn domestic tourists in 2021 and ranked 2nd in arrival of foreign tourist. The government aims to make Maharashtra a leading tourist destination by 2025 and attract investments to the tune of INR 30,000 cr along with creation of one million additional jobs in the industry.

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Textile and Garments

Maharashtra is a leading producer of cotton, silk and bamboo among other fibres. Textile sector is the 2nd highest employment generator in the state after agriculture.

The state has 14 private and 10 government textile parks being set up with plug and play facilities. Recently launched Textile Policy of the state offer various incentives in the form of upgradation subsidy, interest subsidy and tax exemptions to attract over $ 5.6 bn worth of investments and create 1 mn new jobs by the end of 2023.

Maharashtra’s textiles and garments sector contributes to 12% share to India’s output and 16% share to India’s exports.

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Food Processing

Maharashtra is a leading producer of pulses, sugarcane, banana and cashew nut in India.

The state is the largest producer of grapes in India and gives impetus to grape processing and wine industry by way of a dedicated industrial policy and three wine parks. It has the presence of eight food parks and three floriculture parks developed with world-class facilities. Maharashtra’s food processing sector contributes to 19% share to India’s output and 15% share to India’s exports.

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Automobile and Auto-Components

Maharashtra’s automobile and auto-components sector contributes to 20% share to India’s output and 25% share to India’s exports.

The major automobile centres in the state include Pune, Nashik, Aurangabad and Nagpur.

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Electronic System Design and Manufacturing

Maharashtra’s ESDM sector contributes to 20% share to India’s output and 18% share to India’s exports

The state has three electronic manufacturing clusters (EMC) coming up in Pune, Aurangabad and Navi Mumbai with facilities for R&D and testing. Talegaon and Khed in Pune district are well-established ESDM hubs in the state and have a locational advantage of excellent connectivity to two of India's largest ports – Mumbai Port and JNPT.

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Information Technology

Maharashtra accounts for more than 20% of India's software exports.

Pune is among top three cities in India in software exports, while Aurangabad, Nashik and Kolhapur are the emerging cities.

The state government developed 37 IT parks and approved 472 others during 2016-17. It offers incentives under the State's Industrial Policy for various infrastructure investments such as knowledge parks, exemption on filing patents etc.

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Biotechnology and Pharmaceuticals

Maharashtra has one of the highest numbers of pharmaceutical manufacturing units in the country. The state contributes 17% to the country’s total pharmaceutical output and 20% in total exports.

The state offers well-developed infrastructure in the form of effluent and hazardous waste treatment plants in more than 20 locations. It also has well-developed pharma hubs in cities such as Pune, Nashik, Aurangabad and Mumbai.

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Urbanisation Rate

Females/ 1000 Males

Female/Male Ratio

Demographics

About 68% of Maharashtra's population is employable, making it the State with the highest employable talent in India. About 66% of Maharashtra's population is in the working age group of 15-59 years.

Maharashtra, the second most populated state in India, is home to about 9% of the country's total population. The state's total population of ~112 Mn and is equivalent to the population of Mexico on 1/6th of their land area.

1
Central University
23
State Universities
21
Deemed Universities
14
Private Universities
885
Engineering Colleges
732
Polytechnic Institutes
227
Business & Management Institutes
438
Pharmacy Colleges
1029
Industrial Training Institutes

IMPORTANT LINKS

Industrial Land Bank Portal

GIS - based map displaying available infrastructure for setting up business operations in the state.

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Data On Map

Gallery

Dec 11, 2022 PM Modi lays foundation stone/ inaugurates/ dedicates various Projects at Nagpur
Jun 15, 2022 Highlights from PM Modi's Maharashtra visit
Feb 01, 2022 Finance Minister Nirmala Sitharaman presents Union Budget 2022
Oct 18, 2021 PM Modi's address at the launch of PM GatiShakti, National Master Plan for Multi-Modal Connectivity
Sep 25, 2021 PM’s video address at ‘Global Citizen Live’

Latest News

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MAJOR INVESTORS

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IMPORTANT STATS

Maharashtra recorded $69.8 bn worth of exports in 2021-22, contributing about 22.7% to India's overall exports.

INR35.27 lakh cr

GSDP (projected), accounting for 14% of India’s GDP (2022-23)
15%

Industrial output in India (2020-21)
INR2.42 lakh

Per capita income (projected)

(2022-23)
$49.93 Bn

FDI inflows (Oct 2019 - Dec 2022)

Updates from Maharashtra

Press Release
Dec 15, 2022
Total number of Registered Geographical Indications (GI) rise to 432
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Report
Jun 03, 2022
The Golden Address: Aurangabad
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Report
Jun 01, 2022
Vikram Udyogpuri Limited (VUL)
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Report
Jun 01, 2022
Aurangabad Industrial City
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Report
Feb 02, 2022
Economic Survey 2021-22
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Report
Feb 01, 2022
BUDGET 2022-2023
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Report
Sep 21, 2021
Global Innovation Index 2021
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Report
Jul 12, 2021
Maharashtra Economic Survey 2020-21
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Report
Jul 01, 2021
India's Rising Solar Sector
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Report
Mar 30, 2021
Developing districts as Export Hubs
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Report
Mar 10, 2021
Ease of Doing Business in India
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Report
Mar 10, 2021
Investment Promotion Reforms in India
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Report
Jan 29, 2021
Economic Survey 2020-21: Volume 2
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Report
Jan 29, 2021
Economic Survey 2020-21: Volume 1
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Report
Nov 04, 2020
State Finances: A Study of Budgets 2020-21 - COVID -19 and its Spatial Dimensions in India
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FDI Policy 2020
Oct 31, 2020
DPIIT released the 'Consolidated FDI Policy' (Effective from October 15, 2020)
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Report
Oct 12, 2020
State-wise and item-wise value of output from Agriculture, Forestry and Fishing (2011-12 to 2017-18)
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Note
Sep 21, 2020
Industrial Corridor Projects
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Portal
Sep 14, 2020
India Industrial Land Bank
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Guidelines
Sep 07, 2020
State Reforms Action Plan 2020-21 Implementation Guide for States/ UTs
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Report
Sep 07, 2020
State Business Reform Action Plan 2020-21 Report
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Report
Aug 28, 2020
Report on Nineteenth Electric Power Survey of India (Mega Cities)
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Report
Aug 26, 2020
Export Preparedness Index 2020
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Guidelines
Aug 25, 2020
User guidelines for Maharashtra Package Incentives Scheme
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Report
Aug 17, 2020
Taxpayer's Charter by Ministry of Finance
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