BANDRA-WORLI SEA LINK, MUMBAI, MAHARASHTRA MAHARASHTRA GATEWAY TO INDIA

Transcription

1 BANDRA-WORLI SEA LINK, MUMBAI, GATEWAY TO INDIA March 2018

2 Table of Content Executive Summary....3 Advantage Maharashtra.5 State Vision..6 Maharashtra An Introduction..7 Annual Budget Infrastructure Status...21 Business Opportunities Doing Business in Maharashtra..68 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 14.8 per cent of India s GDP, the highest among all states. Highest FDI in India Total FDI in the state during April 2000 to December 2017 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. During (up to February 2018), the port handled million 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, Socio Economic Survey of Maharashtra, , Department of Industrial Policy & Promotion, Indian Port Association, 1Including Daman & Diu and Dadra & Nagar Haveli 3

4 EXECUTIVE SUMMARY (2/2) Significant production of sugarcane and pomegranate Maharashtra is one of the largest producers of sugarcane and pomegranate in the country. Sugar production is expected to reach 7.34 million tonnes in During , the production of pomegranates was recorded to be 1.44* million 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. The state has 19.3 per cent of overall manufacturing GSDP. Strong cotton production Maharashtra is among the leading producers of cotton in India. The state produced 8.9 million bales of cotton during Source: As per 1 st advance Estimates Source: Ministry of Agriculture, News Articles, Economic Survey

5 ADVANTAGE: MAHRASHTRA Trade and commerce hub of India Policy incentives GSDP of the state was US$ billion The city of Mumbai 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. 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$ 2,802 Advantage Maharashtra Rich pool of skilled labour Facilitating infrastructure Maharashtra has a literacy rate of 82.3% and is home to 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. 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 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. Agriculture Industrial sector Vision Skill development GSDP growth US$ 50.6 billion allocated to accelerate economic growth by implementing specially designed growth oriented policies. Promotion of agri-business through PPP for Integrated Agricultural Development (PPP-IAD) and develop market linkages of horticulture. Tourism Infrastructure 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 FACT FILE The most commonly spoken language in the state is Marathi. Konkani, Hindi and English are the other prominent languages. Parameters Capital Maharashtra Mumbai Geographical area (lakh sq. km) 3.08 Source: Maps of India 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. Administrative districts (No) 36 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

8 IN FIGURES (1/2) Parameter Maharashtra All states Source Economy GSDP as a percentage of all states GSDP Central Statistics Office GSDP growth rate (%) Central Statistics Office Per capita GSDP (US$) 2,545 1,546 Central Statistics Office Physical Infrastructure Installed power capacity (MW) 42, , Central Electricity Authority, as of February 2018 Wireless subscribers (No) 130,136,065 1,1,151,936,422 Internet subscribers (million) National highway length (km) 15, ,435 Telecom Regulatory Authority of India, as of January 2018 Telecom Regulatory Authority of India, as of December 2017 NHAI, Roads and Building Department-Government of India Major and minor ports (No) India Ports Association 2016 Airports (No) Airports Authority of India Note: Telecom Regulatory Authority Of India, Central Electricity Authority. 8

9 IN FIGURES (2/2) Parameter Maharashtra All states Source Social Indicators Literacy rate (%) Census, 2011 Birth rate (per 1,000 population) SRS Bulletin, September 2017 Investment Cumulative FDI equity inflows (US$ billion) Department of Industrial Policy & Promotion, April 2000 to December 2017 Industrial Infrastructure Operational PPP projects (No) 1,144 9,068 Operational SEZs (No) DEA, Ministry of Finance, Government of India, February 2018 Ministry of Commerce & Industry, Department of Commerce, December 2017 Note: 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 ,414 2,347 2,362 2,520 2, ,802 ECONOMIC SNAPSHOT GSDP GSDP of Maharashtra at current prices (in US$ billion) Per capita GSDP (US$) CAGR 4.26% 2, ,800.0 CAGR 3.03% , , , , , , ,100.0 At current prices, GSDP* of Maharashtra was US$ billion in GSDP of the state grew at a CAGR of around 4.26% from to The state s per capita GSDP^ at current price was US$ 2,802 in The per capita GSDP of Maharashtra grew at a CAGR of 3.03% between and Note: GSDP - Gross State Domestic Product, CAGR Compound Annual Growth Rate, GSDP* - Socio Economic Survey of Maharashtra, , Per Capita GSDP^ - calculated using GSDP million US$/ Population in million Source: Central Statistics Office, Advanced Estimates provided by Directorate of Economics and Statistics of Maharashtra 10

11 ,062 2,124 2, , ECONOMIC SNAPSHOT NSDP NSDP of Maharashtra at current prices (in US$ billion) NSDP per capita of Maharashtra at current prices (in US$) CAGR 4.27% 2,500 2,400 CAGR 3.04% , , , , , ,800 At current prices, NSDP # of Maharashtra was US$ billion in Maharashtra s NSDP # grew at a CAGR of around 4.27% from to At current price, the state s per capita NSDP was US$ 2, in The per capita NSDP of Maharashtra grew at a CAGR of 3.04% between and Note: NSDP - Net State Domestic Product, CAGR Compound Annual Growth Rate, NSDP # - Geometric mean of YoY calculation from to , per capita NSDP& - calculated using NSDP million US$/Population in million, Socio Economic Survey of Maharashtra, Source: Central Statistics Office, Based on Advanced Estimates provided by Directorate of Economics and Statistics of Maharashtra 11

12 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 with a contribution of per cent. At a CAGR of 13.6 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 9.8 per cent between and The growth in secondary sector was driven by growth in manufacturing, construction and electricity, gas & water supply industries. The primary µ sector expanded at a CAGR of 7.9 per cent between and Agriculture is the major contributor in the growth of the primary sector followed by forestry and fishing. The World Bank in January 2017 announced that it will fund the state Government project named Climate Resistant Agriculture to reclaim 500,000 hectares saline lands, spread in 1,000 villages. The World Bank will contribute US$ million out of the US$ million for the joint project. 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Percentage distribution of GSDP CAGR 51.07% 56.04% 13.6% 30.88% 28.63% 9.8% 18.05% 15.33% 7.9% Primary Sector Secondary Sector Tertiary Sector Note: Sector-wise % share of GSDP µ -Geometric mean of YoY calculation from to Source: Central Statistics Office, Based on Advanced Estimates provided by Directorate of Economics and Statistics of Maharashtra, Government of Maharashtra. 12

13 * ECONOMIC SNAPSHOT AGRICULTURAL PRODUCTION (1/2) Sugarcane, cotton, onion, soya bean, banana, jowar (sorghum) & rice are some of the key agricultural products of Maharashtra. Crop Annual Production ( ) ( 000 MT) (tentative) Kharif Rabi Total food grain production in the state stood at around million tonnes in In July 2017, the state government extended the date to disburse an advance payment of US$ to farmers as financial assistance to the needy farmers till August 31, As per the Agriculture Marketing and Farmer Friendly Reforms Index, the state secured the top position in pursuing farmer friendly policies during Area ( 000 hectares) and production ( 000 MT) of horticulture crops in Maharashtra Sugarcane 67,863 - Soya bean 3,886 - Groundnut Sunflower 7 4 Jowar 417 1,510 Rice 2,661 - Wheat - 1,208 Bajra Maize 2, Cotton (Lint) 6,049 - Other Oilseeds 1 - Other Cereals 19 1 Other Pulses Total Food grains 8,163 5,117 Total Oilseeds 4, Area Production Total Cereals 6,784 3,193 Total Pulses 1,379 1,924 Source: Socio Economic Survey of Maharashtra, , Indian Horticulture Database 13

14 F * ECONOMIC SNAPSHOT AGRICULTURAL PRODUCTION (2/2) An amount of US$ million has been allocated to the state for , under the National Agricultural Development Scheme (RKVY). 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 , the state recorded production of 5,851.30* thousand MT of onion Sugarcane production in Maharashtra (million MT) Vegetable production in Maharashtra ( 000 MT) Vegetable # Onion 5,864 5,361 6, Potato Tomato 1,200 1, Sugar production in Maharashtra (million MT) Production of pomegranates in Maharashtra ( 000 MT) , , * 1,437 Note: # As per 1 st advance estimates, F Forecast, * 2 nd advance estimates Source: Department of Agriculture & Co-operation, Ministry of Agriculture, Socio Economic Survey of Maharashtra,

15 ,431 8,249 9,553 9,511 11,541 19,654 ECONOMIC SNAPSHOT FDI INFLOWS & INVESTMENTS According to the DIPP, cumulative FDI inflows 1 in the state of Maharashtra during April 2000 to December 2017 stood at US$ billion. In 2017, 354 investment intentions worth US$ 7.46 billion have been proposed in the state, making up 12.29% of all the proposals in India. FDI equity inflows 1, to (US$ million) 20,000 15,000 10,000 5,000 6,097 6,361 6,361 3,420 - Approved and commissioned industrial projects for major Industries (August, 1991 to December, 2017) Industry Approved proposals Commissioned projects No. Investment (US$ billion) No. Investments (US$ billion) Metallurgical 1, Chemicals & fertilizers 2, , Textile 2, Electrical & electronics 1, Sugar 1, Processed food 1, Note: 1 Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu Source: Department of Industrial Policy & Promotion, Economic, Maharashtra Socio Economic Survey

16 (1) ECONOMIC SNAPSHOT S EXPORT TRENDS (1/2) In FY18 (1), Maharashtra s exports totalled to around US$ 27.9 billion. Major products exported from the state are gems & jewellery, petrochemicals, readymade garments, cotton yarn, metal & metal products, agro-based products, engineering items, drugs & pharmaceuticals and plastic & 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 Exports trends (US$ billion) 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 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 Note: (1) up to November 2017 Source: Socio Economic Survey of Maharashtra,

17 ECONOMIC SNAPSHOT S EXPORT TRENDS (2/2) Maize exports from Maharashtra ( 000 MT) Pulses exports from Maharashtra ( 000 MT) Dairy product s exports from Maharashtra (thousand MT) Source: APEDA, 17

18 STATE BUDGET Department Expenditure (US$ billion) School Education 7.96 Urban Development 4.99 Rural Development and Water Conservation 2.57 Home 2.11 Water Resources 1.90 Industries, Energy and Labour 1.83 Tribal Development 1.73 Public Health 1.88 Others 1.83 Note: Exchange rate = Converted using 1USD= Rs Source: PRS Maharashtra Budget

19 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 1st 6-lane, concrete, high speed, tolled expressway, which connects the state capital & financial hub, Mumbai, with the neighbouring industrial hub, Pune. In December 2015, the state government approved an elevated road project on Ghodbunder Road from Gaimukh for a proposed investment of US$ million. As of December 2017, construction of the road is being fast-tracked with the Thane civic body working overtime to get the basics in place. 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 10,000 hectares of land. In June 2017, the state government approved numerous projects for boosting the development in cities like Mumbai, Thane and Pune. Projects approved include Versova-Bandra Sea Link worth US$ 1.12 billion, Thane creek bridge-3 worth US$ million, widening of the Mumbai-Pune Expressway to 8 lanes from the existing 6 lanes between Lonavala & Khalapur worth US$ million and many more. Moreover, The Maharashtra State Road Development Corporation (MSRDC), plans to construct a 1.8 km six-lane third bridge at Vashi with a budget of Rs 777 crore (US$ 120 million). Sanctioned length under Central Road Fund in Maharashtra (kms) Road type Road length (km) (as of ) National highways 12,275 State highways 34,450 Major district roads 52,637 Other district roads 58,116 Village roads 145,881 Source: Socio Economic Survey of Maharashtra, , NHAI, News Articles 19

20 * PHYSICAL INFRASTRUCTURE ROADS (2/2) Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in 2000 with the objective of connecting eligible rural habitants. For the year , PMGSY has set target to connect 8,808 habitations by constructing a road length of 27,207 km. A length of 25,665 km has been constructed by connecting 8,584 habitations by November, 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 , the state government proposed an outlay of US$ million for acquisition of land, special subsidy package, etc. under the MIHAN project. In October 2017, the state government approved construction of 10,000 km under a revamped Hybird Annuity Model. Under the tweaked model the state government will release 60 per cent of the funds in the first two years instead of the earlier 40 per cent, and the payment tenure for the rest amount will be 15 years instead of 10 years. Expenditure on road works under Pradhan Mantri Gram Sadak Yojana in Maharashtra (US$ million) Pradhan Mantri Gram Sadak Yojana (PMGSY) (up to January 2018) Habitations connected 1282 Length completed (km) 25, Note: * - As of October Source: Socio Economic Survey of Maharashtra,

21 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). Central Railways has introduced special superfast weekly trains to Shirdi from Lokmanya Tilak Terminus and Dadar stations. During , the state government initiated work on the stage of Phase-I CBD Belapur-Pendhar-Taloja MIDC-Kalamboli- Khandeshwar-Navi Mumbai International Airport corridor, which is expected to be accomplished by Work on the 11.1 km long Belapur-Pendhar road is under progress. As per budget , the state government allocated US$ million for boosting the execution of Nagpur to Pune metro rail project and for the further development of Mumbai Metro line. A total of US$ 1.61 billion was raised for the Mumbai Urban Transport Project III (MUTP III) which includes development of an elevated link between Airoli and Kalwa, helping passengers to avoid interchanging 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. Under Union Budget 2018, Central Ministry allocated Rs 11,000 crore (US$ 1.7 billion) to enhance Mumbai city s train system and construct more 90 km of double line rail in Mumbai suburban. CIDCO is constructing the first phase of elevated Metro Rail from CBD Belapur-Pendhar, total length of km, with overall estimated cost of Rs 3, crore (US $ 473 million). Source: Socio Economic Survey of Maharashtra, , State Budget , MMRDA: Mumbai Metropolitan Region Development Authority, News Articles. 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$4.64 billion. Metro/mono rail projects Mumbai Metro Rail Project Phase IIA : Dahisar-D.N. Nagar (18.6 km) Phase III: Colaba-Bandra- SEEPZ (33.5 km) Phase IV: Wadala-Ghatkopar- Thane-Kasarwadavli (32 km) Phase VII: Andheri (E)- Dahisar (E) (16.5 km) Nagpur & Pune Metro Rail Project Nagpur metro : North-South corridor, East-West corridor Pune metro: Chichwad to Swargate, Vanaz to Ramwadi Mumbai Mono Rail Project Wadala to Chembur & Sant Gadge Maharaj Chowk (Jacob circle) to Wadala (20 km) Project cost (US$ million) , , ,341 1, Current status /implementation period 32 per cent completed Civil works in progress Tender process in progress 40 per cent civil works completed Construction underway Construction underway Phase I: complete, Phase II: To commence in January

22 PHYSICAL INFRASTRUCTURE AIRPORTS (1/2) 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. During , 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. The first phase of the project is expected to be executed by As per budget , the state government proposed an amount of US$ 7.6 million for the enhancement of airports (Solapur, Shirdi, Chandrapur, Karhad, Akola, Amaravati, etc) under the Airport Development Authority of Maharashtra. In May 2017, the Mumbai airport received environmental clearance for US$ million expansion plan, which will allow it to ferry 50 million passengers by International airport Domestic airport Source: AAI (Airports Authority of India) 22

23 PHYSICAL INFRASTRUCTURE AIRPORTS (2/2) Domestic airport Passengers ( 000 thousand) Aircraft movement ( 000) Freight ( 000 MT) Mumbai Pune Nagpur Aurangabad International airport Passengers (l 000 thousand) Aircraft movement ( 000) Freight ( 000 MT) Mumbai Pune Nagpur Source: AAI (Airports Authority of India) 23

24 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 April-November 2017, total traffic handled at the two major ports in Maharashtra was recorded at million tonnes, of which JNPT accounted for million tonnes while, Mumbai port handled around million tonnes of port traffic. The non-major ports of Maharashtra collectively handled passenger traffic of around 8.2 million passengers and cargo of 15.5 million tonnes, during (up to September 2017). Steps have been taken by the Government of Maharashtra for development of Rewas port, Vijaydurg port, Redi port, Vadhavan port, Trombay port and Karanja port through private sector participation. 13 port projects have been sanctioned under Sagarmala for Maharashtra. Operational ports statistics For major ports Traffic handled (million MT) For minor ports Traffic handled (million MT) * Minor ports in Maharashtra Manori Harnai Kalyan Dabhol Thane Palshet Versova Borya Bandra Jaigad Trombay Tiwri-Varoda Ulwa-Belapur Purnagad Panvel Jaitapur Mora Vijaydurg Mandwa Deogad Karaja Achara Thal Malvan Rewas Niwti Bankot Vengurla Kelshi Redi Sriwardhan Kiranpani Dharamtar Ratnagiri Kumbharu Dighi Dahanu Tarapur Nawapur Satpati Kelwa-Mahim Arnala Datiware Uttan Bassein Bhiwandi Alibag Revdanda Borli / Mandla Nandgaon Murud-Janjira Rajpuri Mandad Note: * : up to November Source: India Ports Association, Socio Economic Survey of Maharashtra,

25 * 22, ,142 30,354 34,005 38,551 40,589 41,410 42,357 PHYSICAL INFRASTRUCTURE POWER As of February 2018, the state had a total installed power generation capacity of 42, MW. Installed power capacity (MW) Thermal power contributed 30, MW to the total installed power generation capacity, followed by renewable power, hydropower and nuclear power with contributions of 7, MW, 3, MW and 690 MW, respectively. 45,000 40,000 The private sector was the biggest contributor to the total installed thermal power generation capacity in Maharashtra with a capacity of 13, MW, followed by 10, MW under state utilities and 6, MW under central utilities. 35,000 30,000 The state government also proposed a new scheme for improving electricity distribution system in the state. As per the budget , an investment of US$ million has been projected by the government for this new scheme. 25,000 20,000 In May 2017, the state government unveiled a new energy conservation policy with the aim to save 1,000 MW of electricity and US$ 933 million. The emphasis of the policy is on use of renewable energy and switching to energy efficient methods. Also, it is expected to generate employment for 8,500 people. 15,000 10,000 5,000 0 Note: *As of February 2018 Source: Central Electricity Authority 25

26 PHYSICAL INFRASTRUCTURE TELECOM According to Telecom Regulatory Authority of India (TRAI), Maharashtra had million wireless subscribers and 4.77 million wireline subscribers, as of January By the end of January 2018, 43,516,077 subscribers had submitted requests for mobile number portability in Maharashtra. Moreover, the tele-density in Maharashtra stood at per cent as of January Telecom Infrastructure (As of January 2018) Wireless subscribers 1 130,136,065 Wireline subscribers 1 4,766,039 Internet subscribers* (million) Post offices 12,8592 Tele density (in %) Performance status of NOFN project (as of April 2016) No. of GPs in Phase-I 12,055 Source: Telecom Regulatory Authority of India, February 2015, India Post, Ministry of Communications and Information Technology, *As of September 2017, 1 Figure includes Goa Major telecom operators in Maharashtra Pipe laid (km) 14,214 Cable laid (km) 29,042 (1) GPs for which cable laid 12,983 (1) No. of GPs Lit 150 (1) Note: As of December 2017 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 26

27 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 , the state government allocated US$ million for Maharashtra Suvarn Jayanti Nagrothan Mahaabhiyan, which is being implemented in the state for creating basic urban amenities across various municipal councils & townships. In 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 Budget , the state government has proposed an outlay of US$ million in order to boost the development of metro rail projects in Nagpur, Pune and Mumbai. In Budget , 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$ million to the Maharashtra government, to speed up construction of 26 dams. The state is set to receive a total of US$ million as a part of the AIBP, until 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 Out of the total amount, a partial amount of US$ 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$ million, in Maharashtra. In April 2017, the state government has decided to support small and marginal farmers by investing US$ 3.78 billion in agriculture and irrigation schemes. All projects undertaken in the allocated budget would be completed in , and the irrigation potential generated would be for1.4 million hectares of land. Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development 27

28 DEVELOPMENT PROJECTS: URBAN & SOCIAL INFRASTRUCTURE (2/2) Urban Infrastructure Projects under JNNURM Project name Amount (US$ million) Project name Amount (US$ million) Revised in BSUP scheme for construction of 219 Dus in Panch Zopda and Gopal Nagar slums in Nagpur, Maharashtra 1.76 Integrated Civic Infrastructure Development Project (ICIDP) Phase. I, Nagpur, Maharashtra BSUP scheme for construction of 279 Dus in Jat Tarodi slum in Nagpur,. Maharashtra 2.06 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" Revised BSUP scheme for construction of 456 Dus in 5 slums of North Nagpur in Nagpur, Maharashtra Implementation of Integrated Housing Projects (788 Dus) under BSUP at Nanded City. Dist. Nanded, Maharashtra Revised BSUP scheme for construction of 365 Dus in Gopal Nagar and Bh. Anand Kausalyayan Nagar slums in Nagpur Maharashtra 4.45 Implementation of Integrated Housing projects (958 Dus) under BSUP at Nanded City. Distt. Nanded, Maharashtra 6.97 Revised BSUP scheme for construction of 630 Dus in Savitribai Phule Nagar slum in Nagpur, Maharashtra 6.21 Implementation of Integrated Housing Projects (1183 Dus) under BSUP at Nanded city. Dist. Nanded, Maharashtra 8.87 Revised BSUP scheme for construction of 1017 Dus in Indira Nagar, Indiramata Nagar, Wanjara and Bokar nagar (4 slums) slums in Nagpur, Maharashtra 9.44 Implementation of Integrated Housing projects (1567 Dus) under BSUP at Nanded City. Distt. Nanded, Maharashtra Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development 28

29 DEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECTS Project name PPP type Sector Stage Project cost (US$ million) 4 laning Pune - Shirur Road (BOT) Transport Completed Hydro Electric Power (Waghur) Project (BOT) Energy Under construction 1.10 Hydel Power (Vajra - III) Project (BOT) Energy Hydro Electric Power (Urmodi) Project (BOT) Energy Operation and maintenance stage Operation and maintenance stage Hydro Electric Power (Upper Vaitarna) Project (BOT) Energy Under construction 2.20 School Building (Solapur) Project (DBOOT) Social and commercial infrastructure Under construction 0.97 Hydro Electric Power (Temghar) Project (BOT) Energy Under construction 2.93 Hydro Electric Power (Parseoni) Project - Package 2 (BOT) Energy Operation and maintenance stage 3.23 Hydro Electric Power (Nisare) Project (BOT) Energy Under construction 1.68 Source: DEA, Ministry of Finance, Government of India, BOT: Build-Operate-Transfer, DBOOT: Design-Build-Own-Operate-Transfer, O&M: Management Contract 29

30 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 December 2017, the state had 28 exporting SEZs across diversified sectors including textiles and apparel, food processing, footwear and leather products, multi-product, pharma, IT SEZs, etc. In October 2017, the state government adopted a SEZs policy in which all 28 SEZs with total investment of Rs 35,024 crore (US$ 5.41 billion) were planned on an area of 4,087 ha to generate employment of about 52.5 million. Some of the operational SEZs in Maharashtra Name/Developer Location Primary Industry Maharashtra Airport Development Company Ltd. (MIHAN SEZ) SEEPZ Special Economic Zone Mihan,Nagpur Mumbai Multi product Electronics and gems and jewellery In 2017, around 12 Bio-technology SEZs have been proposed under public sector with an investment of Rs 4,733 crore (US$ 731 million). This project is expected to generate employment opportunities of about million. Maharashtra Industrial Development Corporation Wipro Ltd. Aurangabad Maharashtra Engineering 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, Socio Economic Survey of Maharashtra,

31 DEVELOPMENT PROJECTS: SEZs (2/3) In addition to operational SEZs, as of December 2017, Maharashtra Some of the SEZs with formal approvals had 11 SEZs with valid in-principle approvals, 57 SEZs with formal approvals and 49 SEZs with notified approvals. Name/Developer Location Primary Industry Maharashtra Industrial Development Corporation Limited MIDC Syntel International Private Limited Serum Bio-pharma Park Maharashtra Industrial Development Corporation Maharashtra Industrial Development Corporation Maharashtra Industrial Development Corporation Wokhardt Infrastructure Development Limited Pune Pune Pune Latur Nanded Auranga bad Auranga bad IT/ITeS IT/ITeS Pharmaceuticals & biotechnology Agro-processing Pharmaceuticals Engineering & electronics Pharmaceutical Hiranandani Builders Mumbai IT/ITeS New Found Properties and Leasing Pvt. Ltd. EON Kharadi Infrastructure Private Limited Thane Pune IT/ITeS IT/ITeS Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone 31

32 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 North Mumbai International Commodity Township Pvt. Ltd. Thane, Maharashtra FTWZ Wardha Sakhar Karkhana Ltd. Wardha, Maharashtra Biotechnology Worldwide Oilfield Machine Pvt Ltd Pune, Maharashtra Engineering Source: Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone 32

33 SOCIAL INFRASTRUCTURE EDUCATION During , Maharashtra s education infrastructure comprised of 22 universities, 106,527 primary schools, 26,879 secondary & higher secondary schools. Primary schools had 15,909 thousand students enrolled during the year, of which 7,450 thousand were girls, with 542 thousand teachers. Secondary schools in the state had 6,648 thousand enrolled students, of which 3,042 thousand were girls, with 218 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 , the state government allocated an amount of US$ 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 In addition, an outlay of US$ 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. Education infrastructure ( ) Institution No. of Institutions Student Enrollment Primary schools* 106,527 15,909 Secondary and higher secondary schools* Engineering colleges (diploma, graduate and post-graduate) Industrial training institutes (ITIs) Architecture colleges (Graduate, Post-Graduate) Arts, science, commerce & law colleges (Graduate, Post-Graduate) Pharmacy (diploma, graduate and post-graduate, Pharma D) Literacy rate (%) in Maharashtra, Overall ,879 6,648 1, , , ,857 2, , ,572 Male 88.4 Urban 88.7 Female 69.9 Rural 77 Source: Socio Economic Survey of Maharashtra, , State Budget , Census 2011, * : Provisional 33

34 SOCIAL INFRASTRUCTURE HEALTH Health infrastructure ( ) (1) Sub-Centres 10,580 Health indicators of Maharashtra (As of September 2017) Doctor to patient ratio 1: 27,790(1) Primary Health Centres 1,814 Rural Hospitals (CHC) 360 Primary Health Units 193 Mobile Medical Units 40 Sub-district Hospitals a) 50 beds 58 b)100 beds 28 District Hospitals 23 Hospitals having Medical Colleges 16 General Hospitals (Malegaon, Khamgaon & Ulhasnagar 200 beds each, Malad-Malwani 60 beds) 4 Women Hospitals 13 Mental Hospitals 4 Leprosy Hospitals 4 TB Hospitals 4 Registered doctors 148,575 (1) Birth rate (per thousand persons) 15.9 Death rate (per thousand persons) 5.9 Infant mortality rate (per thousand live births) Life expectancy at birth (years) ( ) Male ( ) 69.9 Female ( ) 73.7 As per budget , an outlay of US$ 1.27 billion 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$ million during In 2018, Government of India has proposed Rs. 964 crore (US$ 149 million) to increase availability of good health services in urban and rural areas of Maharashtra by implementing National Health Mission. 19 Source: Ministry of Health and Family Welfare, Government of India, Socio Economic Survey of Maharashtra, , (1) As on 31st December,

35 CULTURAL INFRASTRUCTURE 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$ 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. Source: Maharashtra Tourism, Government of Maharashtra 35

36 AMRUT AND SMART CITIES On the basis of population and the number of statutory towns, the Government of India shortlisted 9 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 , 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. In Budget , the state and central allocated a sum of US$ million towards this programme. Bhiwandi Nashik Aurangabad Nagpur Smart cities selected in Maharashtra Cities Population Area (sq. km) Literacy rate Pune 9,429,408 15, % Nagpur 4,653,570 9, % Nashik 6,107,187 15, % Aurangabad 3,701,282 10, % Solapur 951, % Thane 1,818, % Pimpri-Chinchwad 1,727, % In Budget , the Government of India has proposed Rs 1,316 crore (US$ 203 million) for the year to develop eight smart cities selected under the Smart City Mission. Mumbai Pune 36

37 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 December 2017, the state has 28 exporting SEZs, of which the majority share is contributed by IT/ITeS, engineering and electronics segment. Government of Maharashtra has decided to convert Navi Mumbai s 2,140 hectares of SEZs land into integrated industrial area. Key Industries in Maharashtra Pharmaceuticals Biotechnology IT and ITeS Electronics Engineering Auto & auto components Establishment of MSME units Year MSME units Oil & gas Food & agro processing Gems and jewellery Banking, financial services and insurance (BFSI) Textiles Investment (US$ million) Employment (lakh) , , , , , , , ,992 1, (1) 20, Source: Economic Survey , MAIDC - Maharashtra Agro Industries Development Corporation, (1) Up to September 2015, News Articles 37

38 FINANCIAL SECTOR (1/7) At current prices, the contribution of the banking and insurance sector to the GSDP of the state increased at a CAGR of 10.54% 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% between and Aggregate deposits and credit of scheduled commercial banks in Maharashtra stood at US$ billion and US$ billion respectively, in Gross State Value Added by Financial Services at current prices (US$ billion) Deposits and credit of scheduled commercial banks in Maharashtra by bank group Bank group No. of banking offices Deposits (US$ million) Credit (US$ million) Banking and insurance contribution to GSDP at constant prices (in US$ billion) Rural Semi-urban Urban/Metropolitan Total 5,822 9,823 7,220 19,790 12,036 6, , ,947 12, , , ( 1) Note: As of March 2017, Exchange rate = USD1 Rs Source: Reserve Bank of India, Socio Economic Survey of Maharashtra,

39 Total Public Sector Banks Private Sector Banks White Label ATMs Foreign Banks in India 25,835 FINANCIAL SECTOR (2/7) As of December 2017, out of 221,658 ATMs in the country, Maharashtra accounted for 25,662 ATMs making it the state with the highest number of ATMs deployed. 30,000 ATMs deployed in Maharashtra, June 2017 Not only is the state home to headquarters of many financial companies, it also houses various financial regulatory bodies including Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Forwards Market Commission (FMC). 25,000 20,000 15,000 14,260 10,000 9,424 5,000-1, Source: Reserve Bank of India 39

40 FINANCIAL SECTOR (3/7) Scheduled commercial banks in Maharashtra Reserve 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. State 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$ 420 billion; Total income: US$ billion ( ), Q3 Total Income Rs 62, crore (US$ 9, million) Headquarters & employees: Headquartered in Mumbai with over 300,000 employees Website: Bank of India Source: Reserve Bank of India, Bank websites Foundation year: 1906 (state owned commercial bank) Banking services: Commercial banking, retail banking, private banking, asset management, mortgages, credit cards Total assets: US$ 97.21billion; Total income: US$ 7.15 billion ( ), Q3 Total Income Rs 10,37,603 lakh (US$ 16, million) Headquarters & infrastructure: Bank is based in Mumbai with over 4,500 branches and over 1,000 ATMs all over India Website: 40

41 FINANCIAL SECTOR (4/7) Scheduled commercial banks in Maharashtra Union 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$ 5.94 billion ( ), Q3 Total Income Rs 9, crore (US$ 1, million) Headquarters & Employees: Bank is based in Mumbai with over 28,000 employees and more than 4,000 ATMs Website: Bank of Maharashtra 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$ 2.11 billion ( ), Q3 Total Income Rs 9,508 crore (US$ 1,469 million) Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with 2,000 branches in 29 states Website: Central Bank of India 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$ billion; Total income: US$ 4.27 billion ( ), Q3 Total Income Rs 6, crore (US$ 1, million) 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 41

42 FINANCIAL SECTOR (5/7) Scheduled commercial banks in Maharashtra Dena 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$ 1.77 billion ( ), Q3 Total Income Rs 2,475.96crore (US$ million) Headquarters & infrastructure: Bank is based in Mumbai, with over 1,400 branches and more than 100 ATMs Website: Yes Bank Foundation year: 2004 Banking services: Corporate and institutional banking, commercial banking, investment banking, retail banking, finance marketing Total assets: US$ billion; Total income: US$ 3.19 billion ( ), Q3 Total Income Rs 6, crore (US$ 1, million) 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 42

43 FINANCIAL SECTOR (6/7) Scheduled commercial banks in Maharashtra Citibank India 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: HDFC Bank 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$ billion ( ), Q3 Total Income Rs 24, crore (US$ 3, million) Headquarters & employees: Bank is based in Mumbai, with more than 69,065 employees Website: IDBI Bank 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 loan Total assets: US$ billion Total income: US$ 4.96 billion ( ), Q3 Total Income Rs 6, crore (US$ 1, million) Headquarters & infrastructure: Bank is based in Mumbai with over 15,000 employees and 2,000 ATMs. Website: Source: Reserve Bank of India, Bank websites 43

44 FINANCIAL SECTOR (7/7) Scheduled commercial banks in Maharashtra ICICI Bank Foundation year: 1994 Banking services: Credit cards, consumer banking, corporate banking, finance and insurance, private banking Total assets: US$ billion; Total income: US$ billion ( ), Q3 Total Income Rs 16, crore (US$ 2, million) Headquarters & employees: Bank is based in Mumbai, with over 67,857 employees. Website: Source: Reserve Bank of India, Bank websites 44

45 FY12 FY13 FY14 FY15 FY16 FY , , , , , , , , , 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 Market Capitalization (in US$ billion)* Mumbai is home to 3 stock exchanges (BSE, NSE and MSE) and 3 commodity exchanges (ICEX, MCX, NCDEX). The market capitalization of BSE and NSE has increased at a CAGR of 19.5 per cent and 14.5 per cent to US$ 2.3 trillion and US$ 1.8 trillion, during FY12 to FY17, respectively In February 2016, the Chief Minister of Maharashtra announced that India s second International Financial Services Centre (IFSC) will be set up in Mumbai. The IFSC will coexist with the proposed terminal for the Mumbai-Ahmedabad bullet train A new financial technology policy was approved by the state government in February 2018 with the aim of making Maharashtra one of the top five financial technology centers in the world in the next five years. A venture capital fund of Rs 200 Crore (US$ million) for fintech startups in the state BSE NSE Note: *At US$ 1 = Rs Source: SEBI, BSE, NSE, News Articles 45

46 FY12 FY13 FY14 FY15 FY16 FY17 FY18* 6,779 6,877 7,024 7,357 7,547 7,651 7,719 MUMBAI AS FINANCIAL HUB OF INDIA (2/2) 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. 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. The number of companies listed on NSE and BSE have increased to 7,547 in FY18* as compared to 6,779 in FY12. 7,800 7,600 7,400 7,200 Number of companies listed on NSE and BSE 7,000 6,800 6,600 6,400 6,200 Note: FY18* - As of November 2017 Source: Maharashtra Economic Survey

47 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. In 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. The land for the project was allotted in December From August 1991 to November 2016, a total of 859 projects with an investment of US$ 2, million have been approved for the pharmaceutical industry in the state. Of these 499 projects with investment of US$ million have commenced. Source: Maharashtra Industrial Development Corporation, MSME: Micro, small and medium enterprises 47

48 KEY INDUSTRIES PHARMACEUTICALS AND BIOTECHNOLOGY (2/3) Biotechnology & Pharmaceutical SEZs in Maharashtra Sector Status Serum Bio-Pharma Park Pharmaceuticals & biotechnology Operational Maharashtra Industrial Development Corporation Pharmaceuticals Operational 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 (upto October 2016) BT units Total units Investment (US$ million) Employment Registered LOI Registered LOI Registered LOI MSME Large Source: Maharashtra Industrial Development Corporation, Economic Survey

49 KEY INDUSTRIES PHARMACEUTICALS AND BIOTECHNOLOGY (3/3) Key Players GlaxoSmithkline Pharmaceuticals Ltd GlaxoSmithkline Pharmaceuticals, established in 1924, is one of the oldest players in the Indian pharmaceuticals industry. Company earned total Income of Rs crore (US$ million) for FY 18 Q3. 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 Ltd Cipla is one of the major Indian companies in the pharmaceuticals sector, with total income from operations. For Q3 FY 2018, Cipla earned total Income of Rs 3, crore (US$ million). 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). Company earned a total Income of Rs crore (US$ million) for Q3 FY Wockhardt has set up a global scale biopharmaceuticals manufacturing park, the Wockhardt Biotech Park, in Aurangabad. This state-of-the-art complex comprises six dedicated manufacturing facilities, and is designed according to USFDA and EMEA standards. Lupin Ltd Lupin is one of the significant players and primarily derives its revenue from formulations. Total net sales of the company. For Q3, Lupin earned total Income of Rs 2, crore (US$ million). 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 49

50 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. Exports from IT/ITeS SEZs in Maharashtra (in US$ billion) Over , 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 , the Directorate of Information Technology made 156 online services available through Aaple Sarkar portal under the Maharashtra Public Services Rights Act, 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 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: Maharashtra Industrial Development Corporation, News Articles, Economic Survey

51 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 472 IT parks. Of the total 487 IT parks, 170 parks are already operational with an overall investment of US$ million and US$ 1, million has been proposed for the remaining 317 IT park projects that are in the processing phase. Prominent information technology parks in Maharashtra Prominent information technology parks in Maharashtra District Number of IT parks ( ) Pune 172 Greater Mumbai 162 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 Thane 140 Nagpur 5 Nashik 5 Aurangabad 3 Wardha 1 Total 487 Source: Maharashtra Industrial Development Corporation, state economic survey

52 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. Development 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 52

53 KEY INDUSTRIES IT/ITeS AND ELECTRONICS (4/4) 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 2017 (for the nine months ending May 2017), 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. It recorded revenues of US$ billion for six months ending February Capgemini Capgemini is a global IT major headquartered in Paris, France, and operates in more than 40 countries. The company generated revenues of US$ 7.38 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$ 9.2 billion in , Infosys Technologies Ltd earned Rs 17,442 crore (US$ 2,694 million) as total income from operations in Q3 FY The company has a development centre at Wakad, Pune, and also a BPO centre in the city. Infosys had 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. 53

54 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. 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. 54

55 KEY INDUSTRIES ENGINEERING (2/2) Key Players Larsen & Toubro Ltd (L&T) Larsen & Toubro Limited (L&T) is a diversified Indian conglomerate with interests in engineering and construction. L&T earned total income from operations as Rs 18, crore (US$ 2, million) during Q3 FY 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. Greaves Cotton Ltd The company has manufacturing facilities at Chakan, Chinchwad, Chikalthana, Shendra and Waluj. For Q3 FY 2018, company earned a total income of Rs crore (US$ million). 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 (October 2013 to September 2014), Total income from operations of Rs 2,500 crore (US$ million) during Q3 FY 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. The company earned a total income of Rs 2,798 crore (US$ million) during Q3 FY

56 * KEY INDUSTRIES TEXTILES (1/2) Maharashtra contributes about 10.4 per cent to India s textiles and apparels output. The state contributes about 25 per cent of India s cotton production. The textile industry is the largest employer in Maharashtra and contributes around 28% to India's total exports Cotton (lint) production in Maharashtra (million bales) 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. the state government plans to set up 11 new textile parks in the state. In July 2017, Maharashtra government proposed to set up an integrated textile park in Malegaon over 345 hectares of land. As per budget , 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$ million during , 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$ million to generate employment in the surrounding areas. Raw silk production (in MT) Year Volume The State Government approved a new textile policy for a tenure of with an aim to attract investment of Rs 36,000 crore (US$5.6 billion) and increase employment. Source: Central Silk Board, Economic Survey, , , News Articles. Note: * - As of December

57 KEY INDUSTRIES TEXTILES (2/2) Key Players Raymond 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 Q3 FY 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. Bombay Dyeing S. Kumars 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$ 95.8 million in Q3 FY 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 Silk Mills, incorporated in 1978, is a leading producer of blended fabrics in India. Siyaram s 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 Q3 FY

58 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. Use of chemical fertilisers in Maharashtra Year Total input ( 000 tonnes) Per hectare consumption (kg) 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% of the country's oil & gas production. Production of coal in the state increased from MT in to MT and MT in and respectively. Coal production during April September 2017 stood at MT. Power generation in the state has been steadily increasing. Production grew 0.72 per cent year-on-year to reach TWH in FY17. The figure stood at TWH during April-December The Government of Maharashtra has set a target of producing 25,000 MW of electricity using solar power. It also plans to increase installed renewable power capacity from 7,500 MW to 10,000 MW. Work orders for about 4,000 MW solar energy projects will be given between March 2018 and December As of November 2017, the state had an installed capacity of 30, MW under thermal energy; 690 MW under nuclear energy; 3, MW under hydro and 7, MW under renewable energy sources Under the State Budget the government had planned an investment of US$ million for electricity generation projects. Outlay of US$ million has been set for adding capacity under non-conventional energy sources. Source: Commissionerate of Agriculture, GoM, Socio Economic Survey of Maharashtra,

59 KEY INDUSTRIES CHEMICALS, OIL AND GAS, ENERGY (2/2) Key Players Oil and Natural Gas Corp 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 earned total income of Rs 24, crore (US$ 3, million) during Q3 FY 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 Corp Ltd 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$ 9, million in Q3 FY It has an oil refining unit on Mumbai s west coast. Bharat Petroleum Corp Ltd 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 between April 2015-September BPCL has a refinery in Mumbai. Company earned total income of Rs 70, crore (US$ 1, million) during Q3 FY Reliance Industries Ltd Reliance Industries Limited, is the largest private sector firm in India and ranks 99th on the Fortune 500 list based on revenues. The company earned total income of Rs 77,537 crore (US$ 11, million) during Q3 FY 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. 59

60 KEY INDUSTRIES AUTO AND AUTO COMPONENTS (1/3) Maharashtra accounts for approximately 35.1% 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. Nasik is home to one of India's largest multi-utility vehicle manufacturers Mahindra & Mahindra Limited. Mercedes Benz has a luxury car production facility in Chakan in Maharashtra which has a capacity of 20,000 cars per year. As of July 2017, The company is planning to invest around US$ million to double its capacity and create a separate product line for exports. The Government of Maharashtra is finalising a policy to encourage manufacturing of electric vehicles. Manufacturing of one hundred thousand electric vehicles per year in the next 3 to 5 years has been envisaged under the policy. Incentives offered may include a 15 per cent subsidy to buyers, which is expected to boost demand, and refunding of SGST to manufacturers. In May 2017, the Chief Minister of Maharashtra inaugurated India s first multi-modal electric vehicle project and an electric charging station in Nagpur. Under the project, a fleet of 200 electric-powered public transport vehicles will be run on taxi aggregator Ola s platform in Nagpur. Automotive hubs in Maharashtra 60

61 KEY INDUSTRIES AUTO AND AUTO COMPONENTS (2/3) In July 2015, the Maharashtra state government announced plans to finalise the deal with Chrysler for setting up a jeep production facility at Ranjangaon in Aurangabad. The overall investment expected in the first year is US$ million and US$ million is to be invested over the next six years. The first Jeep made at the plant was unveiled in May ARAI, India's premier automotive R&D, testing and certification organisation is in Pune. It is India s first Auto Cluster Development and Research Institute is in Maharashtra. Investment opportunities in the auto sector Partnership and alliances for auto component sector Vehicle retailing Low cost vehicles Cvs to benefit from increasing infrastructure activity and heightened international interest Diversification in two wheeler segment Design centers Auto financing R&D Category wise numbers of a few categories of motor vehicles on the road in Maharashtra Vehicle Type (1) Motor-cycles, scooters & mopeds 21, ,008.7 LMV (cars, jeeps, station wagons & taxis) 4, ,810.2 Auto rickshaws Buses (stage carriages, contract carriages, school buses & PSV) Tractors Goods vehicles {Articulated/Multiaxel vehicles, trucks & lorries, tankers, delivery vans (3 & 4 wheelers), etc. 1, ,582.8 Note: 2018 (1) provisional, LMV Light Motor Vehicles PSV - Public Service Vehicles, ARAI - Automotive Research Association of India Source: Economic Survey, , 61

62 KEY INDUSTRIES AUTO AND AUTO COMPONENTS (3/3) Key Players Bajaj Auto Ltd Bajaj Auto is a major Indian automobile manufacturer. The company is the world's fourth-largest two- and three-wheeler manufacturer with an total income of US$ 1, million in Q3 FY The company manufactures and exports scooters, motorcycles and auto rickshaws. The company is based in Pune with a regional office at Akurdi and manufacturing plants in Chakan (Pune, manufactures motorcycles) and Waluj (near Aurangabad, manufactures motorcycles and three-wheelers). Tata Motors Limited is a multinational corporation headquartered in Mumbai, India. It acquired British automotive brands Jaguar and Land Rover in The company is the world s fourth-largest truck and bus manufacturer. Company s total income is US$ 2, million for Q3 FY Tata Motors Ltd The company has an auto manufacturing and assembly unit at Pune. The Pune unit is spread over two geographical regions Pimpri (800 acres) and Chinchwad (130 acres). Formerly known as Bajaj Tempo, Force Motors is a part of Firodia Enterprise that manufactures Multi Utility Vehicles (MUVs), tractors, Sports Utility Vehicles (SUVs) and Light Commercial Vehicles (LCVs). Force Motors Ltd Matador was a popular LCV manufactured by Force Motors. The company has a manufacturing unit in Pune. The company generated total income of US$ million in Q3 FY Mahindra and Mahindra is one of the major auto manufacturers of India. The company generated US$ 1, million of total income in Q3 FY2018. Mahindra and Mahindra Ltd The company s products include tractors, SUVs and LCVs. It has manufacturing facilities at Mumbai, Pune, Nagpur and Nasik. 62

63 KEY INDUSTRIES TOURISM (1/2) Maharashtra is a major trade and tourist destination of India, attracting thousands of tourists from across the world every year. It is the fourth most visited state of India. Tourist arrivals in Maharashtra (million) There are many temples in Maharashtra, some of them being hundreds of years old, constructed in a fusion of architectural styles borrowed from north and south India. Maharashtra has its own folk music. Folk musical programmes, such as Gondhal, Lavani, Bharud and Powada, are popular, especially in rural areas The state is home to the Hindi film industry Bollywood, which produces the largest number of films globally. Maharashtra has a score of pilgrimage destinations, ranging from the ones that revolve around mythology (e.g., Nasik; Warkar and Pune) and those celebrating the achievements of religious leaders and reformers (Shirdi, Haji Ali shrine) to new age pilgrimage destinations such as the Osho Commune at Pune Nasik is one of the four sites of the Kumbh Mela, which is held once in every 12 years. The city is known as the place where Lord Ram spent 14 years in exile. Maharashtra is the first state to declare a tourism district for tourism development. Sindhudurg is the first district in Maharashtra to be declared as a tourism district The state has launched Unlimited Maharashtra advertising campaign through newspapers and television channels to attract tourists during summer vacations. A half-hour ferry ride across Mumbai harbor takes visitors to view the superbly carved 1,300 years old cave temple on the little island of Elephanta, a favourite picnic spot. 0.0 Source: Ministry of Tourism, Government of India 63

64 KEY INDUSTRIES TOURISM (2/2) In , million domestic tourists and 4.38 million foreign tourists visited the state of Maharashtra, whereas, in , 82.7 million domestic tourists & 4.15 million foreign tourists visited Maharashtra. In 2016 the numbers were, 166 million domestic tourists and 4 million foreign tourists. In 2016, the Government of Maharashtra formulated a new policy on Tourism- Maharashtra Tourism Policy 2016, which aims at minimizing delays as well as replication of redundancies & information & enhancing the application process efficiency. An amount of US$ million was allocated by the government to boost basic amenities being provided across tourist spots. In March 2017, the state government has sanctioned US$ million for the development of Elephanta Caves. The fund includes US$ million from the Maharashtra Tourism Development Corporation, while US$ million is to be raised through public private partnership. In June 2017, Airbnb, an alternative accommodations company, signed a MoU with Maharashtra Tourism Development Corporation on a revenue sharing basis, to become the official accommodation partner for the state for its network of homestays in India. As per budget, the state government announced the following plans : Aurangabad has been affirmed as a tourist district in the state & the government has decided to offer special attention towards the uplifting of tourism in Verul, Sulibhanjan, Mhaismal & Khultabad. The state government is also undergoing various steps for improving safety measures across the beaches for ensuring security of people As per budget 2017, government has decided to develop well known tourist and pilgrimage centres like Mahurgad (Nanded), Jyotibhacha Dongar (Kolhapur), Lonar Sarovar (Buldana), Sindhudurg and Raigad Forts. Required financial support will be provided as necessary. 64

65 EMPLOYMENT OPPORTUNITIES & EMPOWERMENT Till December 2016, a total of 488 mega projects were sanctioned by the state government with an outlay of US$ billion. Due to these projects, employment opportunities for a total of 420,000 people are expected to be created. Further, a total employment of 1.66 lakh has been recorded across 20,220 MSMEs with an investment of US$ million till September As per budget , for upgradation of State Employment Guarantee Scheme and Mahatma Gandhi Rural Employment Scheme in the state, the Government of Maharashtra has projected an outlay of US$ million, of which US$ million is towards the central share and US$ million is towards the state share. These schemes are being executed in the state for providing the required job opportunities across rural areas. In April 2017, the state government decided to give reservation to physically disabled people in jobs in its newly drafted policy. The government will also ensure that physically disabled people would be given equal employment opportunities in the government as well as private jobs. Moreover, the state government would also siphon 3% of funds from budget reserved to provide facilities to the physically disabled people. In Magnetic Maharashtra Convergence 2018, the state implemented Make in Maharashtra policy to focus on Industrial sector growth, increase domestic and foreign investment in the Industrial sector and to generate more employment opportunities. The state has launched a new separate policy for women as Women Entrepreneurs Policy The objective is to encourage participation of women entrepreneurs, create an environment which assures entrepreneurship and to provide technical, operational and economic assistance, which will enhance the employment opportunities to women. Source: State Budget , Economic Survey, , ,

66 SINGLE WINDOW CLEARANCE MECHANISM (1/3) The Government of Maharashtra provides single-window clearance to all units to reduce the average time required for establishment of such units and issue various clearances required for setting up of industries at a single point. The government has taken following steps for setting up committees at various levels: District-level committee under the chairmanship of the District Collector for proposals from SSI units. State-level committee under the chairmanship of Development Commissioner (Industries) for MSI/LSI units. Mega projects committee under the chairmanship of Secretary (Industries) for mega projects and FDI proposals. A Common Application Form (CAF) to be evolved for every applicant seeking to set up an industry and/or expansion unit and development of information system/software to process such applications online. Representatives of the concerned departments from whom the clearances are required to be the members of or invitees on the district, state and mega projects committees. The final decision will be given as far as possible within 30 days of receipt of dully filled CAFs. In order to provide the people of state with one stop portal for information, services and consents electronically under Industrial Policy 2013, the government is focussing on provisions for SWC system. 66

67 SINGLE-WINDOW CLEARANCE MECHANISM (2/3) Agency Description Land Department- Services Fire Department- Services Engineering - Water Department- Services MIDC services Engineering - Drainage Department- Services Engineering - Power Department- Services SPA Department- Services Technical Advisor Department- Services IT SEZ Department- Services Directorate of Industries - Services Labour Department- Services Airport Authority of India - Services Non-MIDC services Public Works Department - Services Ministry of Corporate Affairs - Services Food and Drug Administration - Services Maharashtra Coastal Zone Management Authority - Services Directorate General of Foreign Trade - Services Source: Maharashtra Industrial Development Corporation 67

68 SINGLE-WINDOW CLEARANCE MECHANISM (3/3) Agency Description Maharashtra State Electricity Distribution Company Limited - Services Income Tax Department - Services Department of Sales Tax - Services Industrial Safety & Healthy Directorate - Services Boiler Inspectorate - Services Non-MIDC services Municipal Corporation of Greater Mumbai Services Central Board of Excise & Customs - Services Employee Welfare - Services Weights and Measures - Services Bureau of Indian Standards - Services Maharashtra Pollution Control Board - Services Petroleum and Explosives Safety Organization - Services Source: Maharashtra Industrial Development Corporation 68

69 KEY INVESTMENT PROMOTION OFFICES (1/3) Agency Description Contact information Directorate of Industries The work of the Directorate of Industries, Maharashtra state, is mainly confined to the development and progress of large-scale, small-scale and cottage industries in the state. The Department of Industries was reorganised and the Directorate of Industries was formed in August Control of cottage industries was transferred to the Directorate of Industries with effect from 1st December, It also assists in the formulation and implementation of various policies and promotional schemes. Development Commissioner of Industries Government of Maharashtra Directorate of Industries New Administrative Building, 2nd Floor, Opposite Mantralaya, Mumbai Maharashtra Phone:

70 KEY INVESTMENT PROMOTION OFFICES (2/3) Agency Description Contact information Maharashtra Agro Industries Development Corporation Limited (MAIDC) The objective of the company is to make available to the farmers of Maharashtra standard quality fertilisers, pesticides, agro engineering implements & animal feed to the extent required & at the time of requirement & at competitive rates. Maharashtra Agro Industries Development Corporation Limited (MAIDC) has also been designated as the state nodal agency by Ministry of Food Processing Industries, Government of India. In its role as state nodal agency, it scrutinises & forwards various proposals of entrepreneurs under different schemes of assistance from the Government of India. It also helps entrepreneurs in preparing projects, selecting the area, etc. Krushi Udyog Bhavan Dinkarrao Deasi Marg, Aarey Milk Colony Goregaon (East), Mumbai , Maharashtra, India Phone: Website: 70

71 KEY INVESTMENT PROMOTION OFFICES (3/3) Agency Description Contact information MIDC s objectives are: Maharashtra Industrial Development Corporation (MIDC) To achieve balanced industrial development of Maharashtra with an emphasis on developing parts and underdeveloped parts of the state. Help in infrastructural development of each and every district in Maharashtra. Facilitate entrepreneurs in setting up industries at various locations. MIDC is an agent of the state government for carrying out activities of acquisition and disposal of land, provision of infrastructure facilities and providing other services to industrial centres. Udyog Sarathi Mahakali Caves Road, Andheri (E) Mumbai Phone: /54/73 Fax: feedback@midcindia.org Website: 71

72 KEY APPROVALS REQUIRED (1/2) Approvals and clearances required Department Prior to setting up the unit Registration Allotment of land/shed Development Authority Permission for land use Industrial Development Authorities No-objection certificate under the Water Act, 1974 and the Air Act, 1981 Pollution Control Board Approval for construction activity and building plan Development Authority No-objection certificate Fire Department Provisional Trade Tax registrations Registration under Central Sales Tax Act, 1956 Central and State Excise Departments 72

73 KEY APPROVALS REQUIRED (2/2) Approvals and clearances required Respective departments Before commencement of production No-objection certificate under the Water Act, 1974 and the Air Act, 1981 No-objection certificate Permanent Trade Tax registration under Central Sales Tax Act, 1956 Registration under Central Sales Tax Act, 1956 Pollution Control Board Fire Department Central and State Excise Departments After commencement of production/activity Registration Industries Department Timelines for approvals and clearances Department Issuance of allotment order Possession of plot/shed Building plans approval Grant of water connection Urban land ceiling permission Timeline 15 days 7 days 15 days 10 days 10 days Source: Economic Survey of Maharashtra

74 COST OF DOING BUSINESS IN Cost parameter Cost estimate Source Land (per sq m) Commercial: US$ 0.2 to US$ 1,158.3 Industrial: US$ 0.2 to US$ Maharashtra Industrial Development Corporation (MIDC) Power (per kwh) Domestic: cents Commercial: cents Agricultural: 4.3 cents Industrial: cents Economic Survey Labour (per day) US$ 1.2 to US$ 6 Ministry of Labour and Employment, Government of India, Wage Rates July 1, 2015 to Dec 31, star hotel room (single occupancy, per night) US$ 97-US$ 220 Maharashtra Tourism Development Corporation As per the World Bank and Department of Industrial Policy and Promotion (DIPP) report - Assessment of State Implementation of Business Reforms 2016, the state ranked 10 th in the Ease of Doing Business Index. 74

75 STATE ACTS & POLICIES (1/4) Objectives Designate Tourism as a priority sector since it holds the potential to usher in economic development and generate high employment opportunities in Maharashtra. Maharashtra Tourism Policy 2016 Achieve sector growth of 10% per annum and share of 15% in GSDP through tourism and tourism related activities. Generate fresh investments in the tourism sector to the tune of US$ 4.58 billion by Create 1 million additional jobs in the tourism sector by 2025 Read more Maharashtra IT/ITeS Policy 2015 To attract IT investments across the State, and incentivize IT industry at all district headquarters in the State by providing additional incentives and continue to provide usual incentives as per the IT / ITES Policy 2009 To promote the development of special fields of application of IT such as animation, visual effects, gaming and comics. Read more Maharashtra Renewable Energy Policy 2015 To increase power production from renewable sources by 14,400 MW and from solar power projects by 7,500 MW. From renewable sources, power generation of 5000 MW is targeted from wind power projects, 1000 MW from sugarcane waste/agricultural remedial projects, 400 MW from small hydro projects, 300 MW from agricultural waste power generation projects and 200 MW from industrial waste power generation projects The policy progress would be headed by the Principal Secretary, Energy Read more 75

76 STATE ACTS & POLICIES (2/4) Objectives Organic Farming Policy 2013 To promote and encourage organic farming in Maharashtra by allocating a minimum 10% of the land for organic faming activity To provide organic pesticides and fertilizers and increase the awareness amongst farmers about organic faming through lectures Read more Industrial Policy of Maharashtra To attract investment of US$ billion by the end of 2018 and create 2 million job opportunities To focus on the areas of Maharashtra that are less developed in comparison with mainstream industrially developed areas and retain the state as industrial investment leader Read more Housing Policy To generate low income housing by making it mandatory for private developers, with residential plot sizes of 4,000 square metres and above, to reserve 20% of the land for low income groups The reserved land or constructed flats would be handed over to the state housing agency, Maharashtra Housing and Area Development Authority (MHADA) Read more Textile Policy of Maharashtra, To lay special emphasis on raising processing units at various levels, from cotton to manufacturing textiles, to assure long term development by giving support to the industries associated with manufacturing of textiles Read more e-governance Policy of Maharashtra To develop the e- governance sector of the state and take it towards m- governance, by enabling the citizens to avail the services online To enable the government to function more efficiently and develop a paper less environment Read more 76

77 STATE ACTS & POLICIES (3/4) Objectives State Port Policy 2010 To develop six non major ports in Maharashtra by developing greenfield ports, multi-purpose jetties and cargo terminals, in order to aid import and export and coastal shipping of goods Read more Tourism Policy 2006 To promote tourism and develop hospitality infrastructure with private sector participation in the state for a period of ten years or until substituted by new policy To encourage public-private partnership (PPP) mode for development of tourist destinations Read more Special Economic Zone (SEZ) Policy 2002 To help in the growth of SEZs (duty free enclave) in the state in order to promote rapid industrial development and job opportunities To attract foreign & domestic investments for infrastructure development in the state Read more Child Development Policy 2002 To emphasise on child development of orphans, destitute, homeless and deviated in a planned, structured and disciplined manner To aid prevention of sexual exploitation and trafficking of children To provide free education and entertainment facilities Read more Water Policy 2002 To focus on optimal use of water resources coupled with sustainable development, in order to provide economic and social benefits to the people of the state. Read more 77

78 STATE ACTS & POLICIES (4/4) Objectives Maharashtra Biotechnology Policy 2001 To develop and make the state biotechnology industry globally competitive, the government announced various fiscal and non fiscal incentives for biotechnology units To develop infrastructure, that is biotechnology parks and research bases Read more Grapes Processing Industry Policy 2001 To develop grape processing industry in the state, and creating better employment opportunities To encourage wine industry be setting up wine parks in the state Read more Upcoming Policies Electric Vehicles Policy Financial technology (Fintech) Policy Textile Policy Public Cloud Policy 78

79 EXCHANGE RATES Exchange Rates (Fiscal Year) Year INR equivalent of one US$ Q Q Q Source: Reserve Bank of India 79

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