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2 Executive Summary.. 3 Advantage Maharashtra... 5 State Vision. 6 Maharashtra An Introduction... 7 Annual Budget Infrastructure Status Business Opportunities.. 39 Doing Business in Maharashtra State Acts & Policies

3 EXECUTIVE SUMMARY (1/2) Highest contribution to India s GDP Maharashtra s GSDP at current prices was US$ billion in and accounted for 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$ billion 1, 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 , the port handled cargo traffic of lakh metric tonnes which increased to lakh metric tonnes in During (April-October), the port handled 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, Department of Industrial Policy & Promotion, Indian Port Association 1 Including Daman & Diu and Dadra & Nagar Haveli 3

4 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 , production of sugarcane and pomegranates in the state stood at 84,261 thousand tonnes and 1, 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 , the state was the second-largest producer of cotton in the country. Source: Ministry of Agriculture, News Articles, economic Survey

5 ADVANTAGE MAHARASHTRA GSDP of the state was US$ billion Trade Growing and commerce demand 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 Per capita GSDP was US$ 2,242 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. Advantage Maharashtra 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. Source: Government of Maharashtra 5

6 STATE VISION Expects to achieve double digit growth during the 12 th Five Year Plan. Focus on growth of the manufacturing sector. Creating conducive growth environment. Establishing technical universities for skill development. Providing scholarships to pursue professional courses. 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 Skill development Agriculture Tourism Vision Infrastructure GSDP growth Maharashtra government targets 12.5 per cent GSDP growth in the 12 th Five Year Plan. US$ 50.6 billion allocated to accelerate economic growth by implementing specially designed growth oriented policies. 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. Source: Confederation of Indian Industry 6

7 MAHARASHTRA FACT FILE 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. Parameters Maharashtra 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. Capital Mumbai Geographical area (lakh sq. km) 3.08 Administrative districts (No) 35 Population density (persons per sq km) 365 Total population (million) Male population (million) 61.2 Female population (million) 56.9 Sex ratio (females per 1,000 males) 929 Literacy rate (%) 82.3 Source: National Portal of India, Economic Survey TechSci Research Estimates 7

8 MAHARASHTRA IN FIGURES (1/2) Parameter Maharashtra All states Source Economy GSDP as a percentage of all states GSDP Central Statistics Office, TechSci Estimates GSDP growth rate (%) Central Statistics Office, TechSci Estimates Per capita GSDP (US$) 2,242 1, Central Statistics Office, TechSci Estimates Physical Infrastructure Installed power capacity (MW) 38, , Wireless subscribers (No) 79,719,367 1,003,487,792 Internet subscribers (No) 26,580, ,420,000 National Highway length (km) 7, ,214 Central Electricity Authority, as of November 2015 Telecom Regulatory Authority of India, as of October 2015 Telecom Regulatory Authority of India, as of June 2015 NHAI, Roads and Building Department- Government of India Major and minor ports (No) India Ports Association 2015 Airports (No) Airports Authority of India 8

9 MAHARASHTRA IN FIGURES (2/2) Parameter Maharashtra All states Source Social Indicators Literacy rate (%) Census, 2011 Birth rate (per 1,000 population) SRS Bulletin Investment Cumulative FDI equity inflows (US$ billion) Department 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) Notified as of March 2015, Ministry of Commerce & Industry, Department of Commerce 1 Combined FDI inflows for Maharashtra, Dadra & Nagar Haveli and Daman & Diu PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System 9

10 MAHARASHTRA GATEWAY TO INDIA ECONOMIC SNAPSHOT GSDP At current prices, the GSDP of Maharashtra was US$ billion in GSDP of Maharashtra at current prices (in US$ billion) The GSDP grew at a CAGR of around 11.1 per cent from to CAGR: % 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 10

11 MAHARASHTRA GATEWAY TO INDIA ECONOMIC SNAPSHOT NSDP At current prices, the NSDP of Maharashtra was US$ billion in NSDP of Maharashtra at current prices (in US$ billion) Maharashtra s NSDP grew at a CAGR of around 11.2 per cent from to CAGR: 11.2% 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 11

12 MAHARASHTRA GATEWAY TO INDIA ECONOMIC SNAPSHOT PER CAPITA GSDP The state s per capita GSDP at current price was US$ 2,242 in The per capita GSDP of the state grew at a CAGR of 9.5 per cent between and ,059 1,225 Per capita GSDP (US$) CAGR: 9.5% 1,585 1,500 1,633 2,053 2,208 2,118 2,101 2,242 Source: Central Statistics Office, TechSci Estimates based on Advanced Estimates provided by Directorate of Economics and Statistics of Maharashtra 12

13 MAHARASHTRA GATEWAY TO INDIA ECONOMIC SNAPSHOT PER CAPITA NSDP At current price, the state s per capita NSDP was US$ 2,014 in Per capita NSDP (US$) The per capita NSDP of Maharashtra grew at a CAGR of 9.6 per cent between and CAGR: 9.6% 1,860 2,000 1,915 1,898 2, ,104 1,434 1,349 1,471 Source: Central Statistics Office, TechSci Estimates based on Advanced Estimates provided by Directorate of Economics and Statistics of Maharashtra 13

14 ECONOMIC SNAPSHOT PERCENTAGE DISTRIBUTION OF GSDP Over , the tertiary sector contributed 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 to 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 and 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 and 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 Percentage distribution of GSDP CAGR % % % Primary Secondary Tertiary Source: Central Statistics Office, TechSci Estimates based on Advanced Estimates provided by Directorate of Economics and Statistics of Maharashtra 14

15 MAHARASHTRA GATEWAY TO INDIA ECONOMIC SNAPSHOT AGRICULTURAL PRODUCTION (1/2) During , 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 Area ( 000 hectares) and production ( 000 MT) of horticulture crops in Maharashtra Crop Annual production ( 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 Bajra (millets) 406 Maize (Kharif) 1,577 Maize (Rabi) Area Production Source: Economic Survey of Maharashtra, , Indian Horticulture Database 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)

16 ECONOMIC SNAPSHOT AGRICULTURAL PRODUCTION (2/2) Sugarcane production in Maharashtra (million MT) Vegetable production in Maharashtra Vegetable Onion 5,638 4,660 5,864 5,864 Potato Tomato 1,007 1,050 1,200 1, Source: Department of Agriculture & Co-operation Sugar production in Maharashtra (lakh MT) Production of pomegranates in Maharashtra ( 000 MT) , Source: Ministry of Agriculture 16

17 (²) MAHARASHTRA GATEWAY TO INDIA ECONOMIC SNAPSHOT FDI INFLOWS AND INVESTMENTS FDI equity inflows 1, to (US$ million) 12,431 8,249 6,097 9,553 6,361 3,420 6,361 3,348 According to the DIPP, cumulative FDI inflows 1 in the state of Maharashtra during April 2000 to September 2015 were valued at US$ 76,466 million. Approved and Commissioned Industrial Projects for Major Industries ( to ) Industry Approved Proposals No. Investment (US$ Billion) Commissioned Projects No. Investment (US$ Billion) Metallurgical 1, Chemical & fertilizers 2, , Textile 1, Electrical & electronics 1, Sugar 1, Processed food 1, The state government has approved 18,709 industrial proposals during to Chemicals & fertilisers followed by textiles were the leading sectors in terms of industrial proposals approved with cumulative share of 25.7 per cent. Source: Department of Industrial Policy & Promotion, Economic 1 Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu 2 From April 2015-September

18 MAHARASHTRA GATEWAY TO INDIA ECONOMIC SNAPSHOT MAHARASHTRA S EXPORT TRENDS (1/2) Maharashtra s exports totalled around US$ 73.9 billion over Exports from the state grew at a CAGR of 7.02 per cent between and 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 Exports trends (US$ billion) CAGR: 7.02% 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 Source: Economic Survey of Maharashtra, Pomegranate exports from Maharashtra grew by 33% from 30,000 tonnes in to 40,000 tonnes in During , 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

19 * MAHARASHTRA GATEWAY TO INDIA ECONOMIC SNAPSHOT MAHARASHTRA S EXPORT TRENDS (2/2) Maize exports from Maharashtra (million MT) Pulses exports from Maharashtra (million MT) (¹) Source: APEDA, 1 From April-August 2015 Source: APEDA, 1 From April-August 2015 Dairy product s exports from Maharashtra (thousand MT) (¹) Source: APEDA, 1 From April-August

20 STATE BUDGET Revenue receipts of US$ 33.0 billion and revenue expenditure of US$ 16.8 billion were estimated during Plan Budget (US$ Million) Jalayukta Shivar Abhiyan Micro Irrigation Mission Motiramji Lahane Krushi Samruddhi Yojana Energisation of Agricultural Pump Sets State Employment Guarantee Scheme and Mahatma Gandhi National Employment Guarantee Scheme Agricultural development Preservation and conservation of local seeds Mechanisation of fisheries vessels and development of fisheries jetties Irrigation Power generation Infrastructure plan Plan Budget (US$ Million) Hydal projects Colaba- Bandra- Seepz Metro Nagpur and Pune Metro Rail Projects Smart cities Swachchha Bharat Abhiyan Maharashtra Sujal Va Nirmal Abhiyan Maharashtra Suvarnajayanti Nagaroththhan Mahabhiyan Renovation of Bus Depots 2.72 Development of Airports and Airstrips Mihan project Graded Package Scheme of Incentive Industrial Cluster Development Scheme 4.40 Development of Textile Industry 9.90 Source: State Budget

21 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 , the Maharashtra state government proposed to invest US$ million for the development of road infrastructure as a part of Tribal Area Sub Plan, for which an overall investment of US$ million has been proposed under Budget As on December 2015, the state government approved an elevated road project on Ghodbunder Road from Gaimukh for a proposed investment of US$ million, construction of a third bridge on Thane creek at Vashi with a proposed investment of US$ million, an elevated road at Bhiwandi-Kalyan-Shil Phata with a proposed investment of US$ million, four lane Vakan-Pali- Khopoli road at a proposed investment of US$ million and an underground tunnel between Thane and Borivali. Road type Road length (km) (as of ) National highways 7, State highways 33,963 Major district roads 50,232 Other district roads 52,761 Village roads 114,557 Source: Economic Survey of Maharashtra, , NHAI National highway length completed (km) Source: Economic Survey of Maharashtra, , NHAI 21

22 PHYSICAL INFRASTRUCTURE ROADS (2/2) 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 , 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$ million has been allocated for widening of roads in the Mumbai Metropolitan Region. Expenditure on construction of national highway in Maharashtra (US$ million) Source: NHAI Pradhan Mantri Gram Sadak Yojana (PMGSY) Habitants benefitted 8,961 Length completed 22, Total expenditure (US$ million) Source: PMGSY 22

23 PHYSICAL INFRASTRUCTURE RAILWAYS 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 , with the objective of bosting the ongoing projects, the state government proposed US$ million and US$ million for Nagpur and Pune Metro Railway projects, respectively. In addition, US$ million is proposed for the other ongoing railway projects. Metro/mono rail projects Mumbai Metro Rail Project Phase-I: Versova- Andheri-Ghatkoper Phase II: Dahisar- Charkop-Bandra- Mankhurd Phase III: Colaba- Bandra-SEEPZ Phase IV: Wadala- Ghatkopar-Thane- Kasarwadavli Mumbai Mono Rail Project Jacob Circle to Wadala & Wadala to Chembur Estimated cost (US$ million) Current status/implemen tation period Completed 4, ,856.0 Appointment of general consultant in final stage 3, Phase I: complete, Phase II:85 per cent work completed Source: Economic Survey of Maharashtra, , MMRDA: Mumbai Metropolitan Region Development Authority 23

24 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 31 st 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. PHYSICAL INFRASTRUCTURE AIRPORTS (1/2) During , the Maharashtra state government proposed an outlay of US$ million under budget , 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. International airport Domestic airport Source: AAI (Airports Authority of India) 24

25 PHYSICAL INFRASTRUCTURE AIRPORTS (2/2) Domestic airport Passengers (lakh) Aircraft movement ( 000) Freight ( 000 MT) Mumbai Pune Nagpur Aurangabad International airport Passengers (lakh) Aircraft movement ( 000) Freight ( 000 MT) Mumbai Pune Nagpur Source: Airports Authority of India, 1 Up to September

26 PHYSICAL INFRASTRUCTURE PORTS 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 , traffic handled at the two major ports in Maharashtra was recorded at 1, lakh tonnes, of which JNPT accounted for lakh tonnes and Mumbai port accounted for lakh tonnes of port traffic. During , Mumbai port handled lakh tonnes of traffic, of which petroleum, oil and lubricants (POL) accounted for a share of 58.8%. During , JNPT port handled 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. For major ports Operational ports statistics Manori Kalyan Thane Versova Bandra Trombay Ulwa-Belapur Panvel Mora Mandwa Karaja Thal Rewas Bankot Minor Ports in Maharashtra Harnai Dabhol Palshet Borya Jaigad Tiwri-Varoda Purnagad Jaitapur Vijaydurg Deogad Achara Malvan Niwti Vengurla Dahanu Tarapur Nawapur Satpati Kelwa-Mahim Arnala Datiware Uttan Bassein Bhiwandi Alibag Revdanda Borli / Mandla Nandgaon Traffic handled (lakh MT) For minor ports 1, , , Kelshi Sriwardhan Dharamtar Kumbharu Redi Kiranpani Ratnagiri Dighi Murud-Janjira Rajpuri Mandad Traffic handled (lakh MT) Not available Source: India Ports Association 1From April 2015 to October

27 PHYSICAL INFRASTRUCTURE POWER As of November 2015, the state had a total installed power generation capacity of 38, MW. Thermal power contributed 28, MW to the total installed power generation capacity, followed by renewable power, hydropower and nuclear power with contributions of 6, MW, 3, MW and MW, respectively. Installed power capacity (MW) 34,005 30,354 26,142 20,415 21,379 22,645 38,551 Private sector was the biggest contributor to the total installed power generation capacity in Maharashtra with a capacity of 18, MW, followed by 13, MW under state utilities and 6, MW under central utilities (¹) Source: Central Electricity Authority 1 As of November 2015 The state government formulated Infrastructure Plan-2 Scheme to upgrade the existing power distribution network and to establish new connections in the state during In order to improve the power sector in the state, the government has announced plans to invest US$ 88.8 million during

28 PHYSICAL INFRASTRUCTURE TELECOM According to Telecom Regulatory Authority of India (TRAI), Maharashtra had million wireless subscribers and 2.05 million wireline subscribers as of October By the end of August 2015, 130,13,717 subscribers had submitted requests for Mobile Number Portability in Maharashtra. As on 31 st May 2015, tele density in rural and urban Maharashtra stood at 60.09% and %, 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 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 Telecom infrastructure (October 2015) Wireless subscribers 79,719,367 Wireline subscribers 2,032,788 Internet subscribers 26,580,000 1 Post offices 12,598 1 Tele density (percent) Source: Telecom Regulatory Authority of India, February 2015, India Post, Ministry of Communications and Information Technology, 1 As of June As 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 28

29 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 , 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$ 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$ million for the construction of health institutions in urban areas during Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development 29

30 DEVELOPMENT PROJECTS: URBAN & SOCIAL INFRASTRUCTURE (2/2) Project Name Revised in BSUP scheme for construction of 219 Dus in Panch Zopda and Gopal Nagar slums in Nagpur, Maharashtra BSUP scheme for construction of 279 Dus in Jat Tarodi slum in Nagpur,. Maharashtra Revised BSUP scheme for construction of 456 Dus in 5 slums of North Nagpur in Nagpur, Maharashtra. Revised BSUP scheme for construction of 365 Dus in Gopal Nagar and Bh. Anand Kausalyayan Nagar slums in Nagpur Maharashtra Revised BSUP scheme for construction of 630 Dus in Savitribai Phule Nagar slum in Nagpur, Maharashtra Revised BSUP scheme for construction of 1017 Dus in Indira Nagar, Indiramata Nagar, Wanjara and Bokar nagar (4 slums) slums in Nagpur, Maharashtra Urban Infrastructure Projects under JNNURM Amount (US$ million) Project name Integrated Civic Infrastructure Development Project (ICIDP) Phase. I, Nagpur, Maharashtra 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". Implementation of Integrated Housing Projects (788 Dus) under BSUP at Nanded City. Dist. Nanded, Maharashtra. Implementation of Integrated Housing projects (958 Dus) under BSUP at Nanded City. Distt. Nanded, Maharashtra Implementation of Integrated Housing Projects (1183 Dus) under BSUP at Nanded city. Dist. Nanded, Maharashtra Implementation of Integrated Housing projects (1567 Dus) under BSUP at Nanded City. Distt. Nanded, Maharashtra Amount (US$ million) Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development 30

31 DEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECTS Project Name Sector PPP type Project Cost (US$ million) Stage Parallel water supply scheme (Aurangabad) Water sanitation BOOT Under construction Sewage treatment plant (Bhandewadi) Augmentation Development of standalone container handling facility with a quay length of 330 m to the north at JNPT. Water sanitation DBFOT Under construction Transport BOT Under construction Distribution Franchise Nagpur Energy Not available NA Under construction Drama Theatre Complex Majiwade Social and commercial infrastructure BOT Under construction Dhule - Pimpalgaon Road Transport BOT 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 Operational Hydro Electric Power (Bhor) Project Energy BOT Operational Source: DEA, Ministry of Finance, Government of India, BOT: Build-Operate-Transfer, DBFOT: Design-Build- Finance-Operate-Transfer, 31

32 DEVELOPMENT PROJECTS: SEZs (1/3) 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 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 Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone 32

33 DEVELOPMENT PROJECTS: SEZs (2/3) 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. Some of the SEZs with formal approvals Name/Developer Location Primary industry Maharashtra Industrial Development Corporation Limited MIDC Pune 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 Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone 33

34 DEVELOPMENT PROJECTS: SEZs (3/3) Some of the SEZs with valid in-principal approvals Name/Developer Location Primary industry Mumbai SEZ Limited Gujarat Positra Port Infrastructure Ltd Multi-product Gitanjali Gems Limited Nanded, Maharashtra Gems and jewellery ISPAT Industries Limited Raigad District, Maharashtra Multi-product Gitanjali Gems Limited Aurangabad, Maharashtra Gems and jewellery Gitanjali Gems Limited Nagpur, Maharashtra Multi-product Maharashtra Airport Development Company Limited Nagpur, Maharashtra Power Gitanjali Gems Limited Nashik, Maharashtra Multi services Redi Port Ltd. Post Redi, district Sindhudurg, Maharashtra FTWZ Quippo Infrastructure Raigarh Maharashtra Engineering Source: Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone 34

35 SOCIAL INFRASTRUCTURE EDUCATION During , 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 , 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$ 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 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. Institution Education infrastructure ( ) No. of Institution Student Enrollment Primary schools 97,072 16,167 Secondary and higher secondary schools Engineering colleges (diploma, graduate and post-graduate) 24,463 6,171 1,090 5,43,327 Industrial training institutes (itis) ,427 Architecture colleges 82 10,070 Arts, science, commerce & law colleges 2,181 1,520,316 Management science ,791 Literacy rate (%) in Maharashtra, Overall 82.3 Male 88.4 Urban 88.7 Female 69.9 Rural 77 Source: Economic Survey of Maharashtra, , Census

36 SOCIAL INFRASTRUCTURE HEALTH Health infrastructure ( ) 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, (1) Until Dec 2014 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 ( ) 69.9 Female ( ) 73.7 During , 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. 36

37 CULTURAL INFRASTRUCTURE 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 , an outlay of US$ 8.29 million is proposed for the construction of sports complexes at taluka and district levels. Source: Maharashtra Tourism, Government of Maharashtra 37

38 AMRUT AND SMART CITIES 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. Smart Cities in Maharashtra Cities Population Area (sq. km) Literacy rate Nagpur Pune 9,429,408 15, % Greater Mumbai 12,478, % Nagpur 4,653,570 9, % Nashik 6,107,187 15, % Aurangabad 3,701,282 10, % Amravati 646, % Navi Mumbai 1,119, % Nashik Aurangabad Bhiwandi Mumbai Pune Kalyan-Dombivali 1,246, % Solapur 951, % Thane 1,818, % Source: TechSci Research 38

39 KEY INDUSTRIES 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 , the state has 9 operational SEZs, out of which majority are contributed by engineering and electronics segment. Year Establishment of MSME units MSME units Investment (US$ million) Employment (lakh) , , , ,496 1, , ,136 1, ,814 1, , 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 , MAIDC - Maharashtra Agro Industries Development Corporation, 1 Up to December

40 FINANCIAL SECTOR (1/5) 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 and 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 and Banking and insurance contribution to GSDP at current prices (in US$ billion) Bank group Deposits and credit of scheduled commercial banks in Maharashtra by bank group (July-September 2015) No. of banking offices Deposits (US$ million) Credit (US$ million) Rural 3,142 8, , Banking and insurance contribution to GSDP at constant prices (in US$ billion) Semi-urban 2,536 15, , Urban 1,693 22, , Total 7,371 46, , Source: Reserve Bank of India Source: Maharashtra Economic Survey , Reserve Bank of India 40

41 FINANCIAL SECTOR (1/5) ATMs deployed in Maharashtra, June 2014 ATMs deployed in Maharashtra, June ,099 21,574 6,811 7,502 4, ,749 8,053 4, Total Public Sector Private Sector Banks Banks State Bank Group Foreign Banks in India Total Public Sector Private Sector Banks Banks State Bank Group Foreign Banks in India Source: Reserve Bank of India Source: Reserve Bank of India 41

42 FINANCIAL SECTOR (2/5) Scheduled commercial banks in Maharashtra Reserve Bank of India State Bank of India Reserve Bank of India (RBI) was founded in 1935 and is recognised as India's central banking institution. RBI also controls the monetary policy of the Indian rupee. RBI is headquartered in Mumbai, Maharashtra and has 19 regional offices and nine sub offices. Monetary authority, supervision of the financial systems, foreign exchange management and currency issuing are the major functions of the Reserve Bank of India. 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 management Total assets: US$ billion; Total income: US$ billion ( ) and US$ billion ( H ) Headquarters & employees: Headquartered in Mumbai with over 300,000 employees Website: Bank of India Foundation year: 1906 (state owned commercial bank) Banking services: Commercial banking, retail banking, private banking, asset management, mortgages, credit cards Total assets: US$ billion; Total income: US$ 7.96 billion ( ), US$ 3.59 billion (H ) Headquarters & infrastructure: Bank is based in Mumbai with over 4,500 branches and over 1,000 ATMs all over India Website: Source: Reserve Bank of India, Bank websites 42

43 FINANCIAL SECTOR (3/5) Scheduled commercial banks in Maharashtra Union Bank of India Bank of Maharashtra Central Bank of India 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 loan Total assets: US$ billion; Total income: US$ 5.99 billion Headquarters & Employees: Bank is based in Mumbai with over 28,000 employees and more than 4,000 ATMs Website: 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$ billion; Total income: US$ 2.27 billion ( ) and US$ 1.10 billion (H ) Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with 2,000 branches in 29 states Website: 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 ( ) and US$ 2.2 billion (H ) Headquarters & infrastructure: Headquartered in Mumbai with over 4,000 branches in 27 Indian states and 270 extension counters Website: Source: Reserve Bank of India, Bank websites 43

44 FINANCIAL SECTOR (4/5) Scheduled commercial banks in Maharashtra Dena Bank Yes Bank Foundation year: 1938 Banking services: Investment banking, consumer banking, commercial banking, retail banking, private banking, asset management, pensions, mortgages, credit cards Total assets: US$ billion; Total income: US$ 1.91 billion ( ) and US$ million (H ) Headquarters & infrastructure: Bank is based in Mumbai, with over 1,400 branches and more than 100 ATMs Website: Foundation year: 2004 Banking services: Corporate and institutional banking, commercial banking, investment banking, retail banking, finance marketing Total assets: US$ billion; Total income: US$ 2.26 billion Headquarters & Infrastructure: Bank is based in Mumbai, with more than 550 branches and 1,255 ATM s Website: Deutsche Bank India Foundation year: 1980 Banking services: Private and business banking, corporate banking and securities, global transaction banking and asset & wealth management Headquarters & employees: Bank is based in Mumbai, with more than 9,500 employees in 16 cities Website: Source: Reserve Bank of India, Bank websites 44

45 FINANCIAL SECTOR (5/5) Scheduled commercial banks in Maharashtra Citibank India HDFC Bank IDBI Bank Foundation year: 1902 Banking services: Credit cards, debit cards, loans, investments, NRI banking and private baking Headquarters & employees: Bank is based in Mumbai, with over 7,500 employees. The bank has 44 branches in 31 cities and 700 ATMs across the country Website: Foundation year: 1994 Banking services: Investment banking, investment management, wealth management, private banking, corporate banking, private equity, finance and insurance, consumer banking, mortgages, credit cards Total assets: US$ billion; Total income: US$ 9.99 billion ( ) and US$ 5.28 billion (H ) Headquarters & employees: Bank is based in Mumbai, with more than 69,065 employees Website: Foundation year: 1964 (10 th 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 loan Total assets: US$ billion Total income: US$ 5.37 billion ( ) and US$ 2.47 billion Headquarters & infrastructure: Bank is based in Mumbai with over 15,000 employees and 2,000 ATMs. Website: Source: Reserve Bank of India, Bank websites 45

46 FINANCIAL SECTOR (5/5) Scheduled commercial banks in Maharashtra ICICI Bank Foundation year: 1994 Banking services: Credit cards, consumer banking, corporate banking, finance and insurance, private banking Headquarters & employees: Bank is based in Mumbai, with over 67,857 employees. Website: Source: Reserve Bank of India, Bank websites 46

47 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 , 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 3 rd December to improve infrastructure of various cities in the country, including Mumbai. The program ended on 31 st 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 5 th December, L&T Infrastructure Engineering submitted the detailed plans for the project to the Government on 31 st March, 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

48 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 13 th 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$ 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

49 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 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 49

50 KEY INDUSTRIES PHARMACEUTICALS AND BIOTECHNOLOGY (2/3) 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 units Total units Investment (US$ million) Employment Registered LOI* Registered LOI* Registered LOI* MSME Large Source: Maharashtra Industrial Development Corporation Economic Survey

51 KEY INDUSTRIES PHARMACEUTICALS AND BIOTECHNOLOGY (3/3) Key players GlaxoSmithkline Pharmaceuticals Ltd Cipla Ltd Wockhardt Ltd Lupin Ltd GlaxoSmithkline Pharmaceuticals, established in 1924, is one of the oldest players in the Indian pharmaceuticals industry. In , the company earned US$ million in revenues. From Jan 2015-September 2015, company reported revenues of US$ 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 valued at US$ 1.88 billion and US$ 1.14 billion in H It is also one of the oldest players in the sector. The company has manufacturing units at Vikhroli (Mumbai) and Patalganga. 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 million in and US$ million during H 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 is one of the significant players and primarily derives its revenue from formulations. Total net sales of the company in were valued at about US$ 2.09 billion and stood at US$ million during H 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 51

52 KEY INDUSTRIES IT/ITeS AND ELECTRONICS (1/4) IT is one of the top notch sectors in the state, with maximum thrust, development and investment. Over , 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 ITrelated 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. Investment in science, technology and environment sector in Maharashtra Year Cost (outlay) US$ million Source: Economic Survey 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: Maharashtra Industrial Development Corporation News Articles 52

53 KEY INDUSTRIES IT/ITeS AND ELECTRONICS (2/4) During , 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$ million and US$ 1,485.5 million has been proposed for the remaining projects that are in the processing phase. District Prominent information technology parks in Maharashtra 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 Source: Economic Survey Source: Maharashtra Industrial Development Corporation 53

54 KEY INDUSTRIES IT/ITeS AND ELECTRONICS (3/4) 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 Source: Maharashtra Industrial Development Corporation News articles 54

55 KEY INDUSTRIES IT/ITeS AND ELECTRONICS (4/4) Key players Accenture IBM Capgemini 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 (for the twelve months ending Aug 2015), the company earned revenues of US$ 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$ billion. Capgemini is a global IT major headquartered in Paris, France, and operates in more than 40 countries. The company generated revenues of US$ billion in 2014 and US$ 5.29 billion in H 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$ billion in and US$ 4.64 billion in H 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 In the first phase the company will invest US$ 78.8 million to accommodate 5,000 software professionals. 55

56 KEY INDUSTRIES ENGINEERING (1/2) 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 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. 56

57 KEY INDUSTRIES ENGINEERING (2/2) Key players Larsen & Toubro Ltd (L&T) Greaves Cotton Ltd Siemens Group ABB Larsen & Toubro Limited (L&T) is a diversified Indian conglomerate with interests in engineering and construction. The company earned US$ billion of consolidated gross revenues in and US$ 6.81 billion during H 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$ million in revenues in Siemens Group is a leading inventor, innovator and implementer of leading-edge technologyenabled solutions operating in the core business segments of industry, energy and healthcare. The company is based in Navi Mumbai. In (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 (till June 2015) 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 , ABB India Ltd earned revenues of US$ 1.28 billion from operations on standalone basis and US$ million during the first nine months of

58 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 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 , 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$ million for a scheme to provide power subsidy to power looms across the state during Cotton (lint) production in Maharashtra (million bales) Year Source: Economic Survey, Raw silk production (in tonnes) Volume * 74 Source: Central Silk Board * Till August

59 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$ million in and US$ million between April-September 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$ million in and US$ million between April-September S. Kumars S. Kumars is one of India's leading textile and apparel companies. With expertise in multi-fibre manufacturing, 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$ million in revenues in and US$ million between April-September

60 KEY INDUSTRIES CHEMICALS, OIL AND GAS, ENERGY (1/2) 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 and Wardha are chemical hubs. Opportunities primarily exist in the areas of polymers & plastics, fertilisers and synthetic yarns. Key competitive strengths of the state in this industry are the strong upstream and downstream linkages for raw materials and products. Bombay High accounts for over 50 per cent of the country's oil & gas production. In August 2015, Indraprastha Gas Ltd has invested US$ million in Maharashtra Natural Gas Ltd (MNGL). The purpose of the investment is to enhance the city gas distribution business of the company in Maharashtra. Use of chemical fertilisers in Maharashtra Year Total input ( 000 tonnes) Per hectare consumption (kg) As of August 2015, the state government announced plans to establish a grid-connected canal top solar power project in the state at Jalgaon. The project will feature a 7.5 MW solar photovoltaic power plant which will be established on the left bank canal of the dam. As per the new energy policy of the state, the government is planning to establish 14,400 MW of fresh grid-connected capacity by In , Maharashtra accounted for 17.23% share in the biogas production of India. The biogas production of the state was 3, lakh cubic metres. Across Maharashtra, Lote-Parshuram and Kurkumbh are the key chemical zones with specialized infrastructure to support chemical industries. Lote-Parshuram is also known as pharma cluster. Source: Commissionerate of Agriculture, GoM On 21 st August 2015, a seminar on plastics and chemical industries was held at Nagpur, Maharashtra with the objective to promote Vidarbha region (Nagpur + Amravati division) as an investment destination with government initiatives and providing a platform for chemical, energy and oil and gas players to connect at a common platform. 60

61 KEY INDUSTRIES CHEMICALS, OIL AND GAS, ENERGY (2/2) Key players Oil and Natural Gas Corp Hindustan Petroleum Corp Ltd Bharat Petroleum Corp Ltd Oil and Natural Gas Corporation ranks as one of the leading oil and gas Exploration and Production (E&P) companies in the world in the terms of asset value. The company s consolidated revenue from operations stood at US$ billion in and US$ 7.21 billion (standalone) between April 2015-September The company has a production facility at Uran (Navi Mumbai) and the corporate office is in Mumbai. It plans to invest US$ 810 million to build a new gas based fertiliser plant and it would invest US$ million for redevelopment of its Mumbai High (North) oil and gas field in the state of Maharashtra. Hindustan Petroleum Corporation Limited (HPCL) is one of the Navratna Public Sector Units (PSUs). It is a major refining and oil retailing company in India. HPCL s standalone total income was US$ billion in and US$ billion between April-September It has an oil refining unit on Mumbai s west coast. Bharat Petroleum Corporation Limited (BPCL) is engaged in the marketing and distribution, refining, trading and exploration of petroleum. The company s standalone revenues stood at US$ billion for and US$ billion between April 2015-September BPCL has a refinery in Mumbai. Reliance Industries Ltd Reliance Industries Limited, is the largest private sector firm in India and ranks 99 th on the Fortune 500 list based on revenues. The company s standalone revenues was US$ billion for and US$ billion between April 2015-September The company has diversified interests in energy, retail, textiles, petrochemicals, infotel and SEZs. Reliance Industries Limited has manufacturing facilities at Nagothane, Nagpur and Pathalganga in Maharashtra. 61

62 KEY INDUSTRIES AUTO AND AUTO COMPONENTS (1/3) Maharashtra accounts for approximately 35.1 per cent of the country s output of automobiles by value. The major automobile centres in the state include Pune, Nasik, Aurangabad and Nagpur. Pune is the largest auto hub of India with over 4,000 manufacturing units in the Pimpri-Chinchwad region alone. Pune is home to large players like Bajaj Auto Limited, Daimler Chrysler Limited, Tata Motors, etc. In July 2015, US automotive manufacturer General Motors announced plans to invest ~US$ 1 billion for rolling out 10 new models from its Maharashtra plant. The production is expected to commence over the next 2 years. Automotive hubs in Maharashtra Nasik is home to one of India's largest multi-utility vehicle manufacturers Mahindra & Mahindra Limited. In February 2015, DSK Hyosung announced plans to set up a motorcycle manufacturing plant in Maharashtra. The company announced an investment of US$ 58 million and the facility is expected to be functional by the end of 2020 with annual capacity of 1 lakh units. In May 2015, one of the leading Chinese commercial vehicle manufacturers Beiqi Foton Motor announced plans to establish a manufacturing facility in Pune for the production of light vehicles. Company signed a MOU with the state government worth US$ million. The plant is expected to be operational by April