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Maharashtra-March-2020.Pdf BANDRA-WORLI SEA LINK, MUMBAI, MAHARASHTRA MAHARASHTRA GATEWAY TO INDIA For updated information, please visit www.ibef.org March 2020 Table of Content Executive Summary……………..……….….3 Introduction…..…………………..…………..4 Economic Snapshot…….……………….…..9 Physical Infrastructure………………….….15 Social Infrastructure……….…………..…...24 Industrial Infrastructure…….......................27 Key Sectors………….…….…..…….......…32 Key Procedures and Policies……..……….43 Annexure…….………........................…….56 EXECUTIVE SUMMARY Highest contribution to . Maharashtra’s GSDP at current prices was Rs 31.31 trillion (US$ 448.07 billion) in 2019-20BE and accounted India’s GDP for 14.89 per cent of India’s GDP, the highest among all states. TotalDI F in the state during April 2000 to December 2019 stood at US$ 133.83 billion^, the highest among all Highest FDI in India states in India. Jawaharlal Nehru Port is the largest port in India in terms of container traffic. During FY19**, the port handled Largest Container Port 70.71 million metric tonnes of traffic. In FY20 (till February 2020), port handled 62.38 million metric tonnes of traffic. The state’s capital, Mumbai, is the commercial capital of India and has evolved into a global financial hub. India’s financial and The city is home to several global banking and financial service firms. Pune, another major city in the state, educational hub has emerged as the educational hub. Significant production of . Maharashtra is one of the largest producers of sugarcane and pomegranate in the country. Sugarcane sugarcane and production reached 92.44 million tonnes during 2018-19@. pomegranate . 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 Industrial powerhouse special export promotion zones. According to survey, manufacturing GSDP is estimated to grow at 7.1 percent growth rate in FY19. Maharashtra is among the leading producers of cotton in India. The state produced 6.55 million bales cotton Strong cotton production during 2017-18#. During 2018-19*, cotton production in the state stood at 7.12 million bales. Note: * - As per 3rd advance Estimates (Kharif Season), ^ -Including Daman & Diu and Dadra & Nagar Haveli, ** - tentative, P – Provisional, # - 3rd Advance Estimates (bales of 170 kg each), @ - As per 4th advance Estimates, BE- Budget Estimate Source: Central Statistics Office, Socio Economic Survey of Maharashtra, 2017-18, Department of Industrial Policy & Promotion, Indian Port Association, Ministry of Agriculture 3 MAHARASHTRA For updated information, please visit www.ibef.org MAHARASHTRA INTRODUCTION MAHARASHTRA FACT FILE . The most commonly spoken language in the state is Marathi. Konkani, Hindi and English are the other prominent languages. Parameters^ Maharashtra Capital Mumbai Geographical area (lakh sq. km) 3.08 Administrative districts (No)* 36 Source: Maps of India Population density (persons per sq. km) 365 . Maharashtra is situated in the western region of the country. The state shares borders with Gujarat, Madhya Pradesh, Chhattisgarh, Total population (million) 112.4 Andhra Pradesh, Karnataka, Goa and the Union Territory of Dadra and Nagar Haveli. On its west is the Arabian Sea. Male population (million) 58.2 . Mumbai, Pune, Nagpur, Thane, Nasik, Solapur, Kolhapur, Sangli, Female population (million) 54.1 Aurangabad, Amravati and Ratnagiri are some of the major cities of Maharashtra. Sex ratio (females per 1,000 males) 929 . India's main stock exchanges, capital market and commodity exchanges are in Mumbai. Literacy rate (%) 82.3 Note:* - Economic Survey 2015-16, ^ - Economic Survey 2017-18 Source: National Portal of India, Economic Survey 2015-16, Economic Survey 2016-17 5 MAHARASHTRA For updated information, please visit www.ibef.org ADVANTAGE: MAHRASHTRA Trade and commerce hub of India Policy incentives . The city of Mumbai is known as the trade and . The Government of Maharashtra has several commerce capital of India. It is also the financial policies in place to set up the right kind of centre of India. business climate. Maharashtra has emerged as a key hub for IT and . These policies aim to motivate investors to invest ITeS, electronics and captive business into various sectors in the state, thereby outsourcing industries. contributing to the overall development of the economy. Advantage Maharashtra Rich pool of skilled labour Facilitating infrastructure . The state has a well developed social, physical . Maharashtra has a literacy rate of 82.91 per cent and industrial infrastructure. Apart from two and is home to world class educational and IT international and eight domestic airports, the state institutions. has two major and 48 minor ports. It also has a . The state has a large base of skilled and industrial well developed power supply grid. labour, making it an ideal destination for . Maharashtra's infrastructure sector has grown knowledge based and manufacturing sectors. 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 6 MAHARASHTRA For updated information, please visit www.ibef.org MAHARASHTRA IN FIGURES Maharashtra’s Contribution to Indian Economy (2018-19) Physical Infrastructure in Maharashtra Parameter Maharashtra India Parameter Maharashtra India GSDP as a percentage of all Installed power capacity (MW) (as 15.1 100.0 43,471.27 369,427.97 states’ GSDP of February 2020) Wireless subscribers (million)^ GSDP growth rate (%) 12 10.0 92.62 1,151.43 (as of December 2019) Per capita GSDP (US$) 3,189.09 1,977.59 Internet subscribers (million)^ (as 86.56 687.62 of September 2019) Social Indicators National highway length (km) (as 17,757 132,499 Parameter Maharashtra India of March 2019) Literacy rate (%) 82.91 74.04 Major and minor ports (No) 2 + 53 13+187 Birth rate (per 1,000 15.9 20.4 population) Airports (No) 14 129 Industrial Infrastructure Investments (as of September 2019) Parameter Maharashtra India Parameter Maharashtra India Operation & Maintenance PPP 219 1824 projects (No) Cumulative FDI equity inflows 130.70 446.11 (US$ billion)* Operational SEZs (No) 31 238 Note: * - Combined FDI inflows for Maharashtra, Dadra & Nagar Haveli and Daman & Diu, ^ - Includes Maharashtra, Mumbai and Goa, PPP: Public-Private Partnership, SEZ: Special Economic Zone, 7 MAHARASHTRA For updated information, please visit www.ibef.org STATE VISION . Establishing technical . Focus on growth of the universities for skill manufacturing sector. development. Creating conducive growth . Providing scholarships to environment. pursue professional courses. Promoting sustainable Industrial sector Skill development development in agriculture by integrating schemes of water shed . US$ 50.6 billion allocated to development, use of technology, accelerate economic growth enhancing processing capacity by implementing specially GSDP growth Vision Agriculture and skill development. designed growth oriented . Promotion of agri-business policies. through PPP for Integrated Agricultural Development (PPP- Tourism Infrastructure IAD) and develop market linkages of horticulture. Promote religious, adventure and heritage tourism. 6,026 km of national highway . Training workers in the projects. organised and unorganised . Developing ports by investing sectors related to tourism. approximately US$ 2.4 billion. Source: Confederation of Indian Industry 8 MAHARASHTRA For updated information, please visit www.ibef.org MAHARASHTRA ECONOMIC SNAPSHOT ECONOMIC SNAPSHOT – GSDP GSDP of Maharashtra at current prices GSDP per capita of Maharashtra at current prices 500.00 CAGR (In Rs) 11.83 % 35 3,500.00 CAGR (In Rs) 10.46% 250000 450.00 30 3,000.00 400.00 200000 350.00 25 2,500.00 31.32 453.99 300.00 3,189.09 150000 27.96 20 2,000.00 405.35 205,537 387.36 2,802.21 250.00 24.97 188,000 336.4 2,558.13 22.57 15 1,500.00 2,483.73 167,455 200.00 303.5 100000 2,359.83 2,353.40 2,341.18 19.87 151,880 291.21 142,381 17.81 150.00 272.68 268.07 267.02 10 1,000.00 16.50 127,477 100.00 14.60 50000 113,154 12.80 5 500.00 50.00 0.00 0 0.00 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-2019 2019-20(BE) US$ Rs US$ billion Rs trillion . At current prices, GSDP of Maharashtra was Rs 27.96 trillion . The state’s per capita GSDP^ at current price was Rs 205,537 (US$ 405.35 billion) in 2018-19. (US$ 3,189.09) in 2017-18. GSDP of the state grew at a CAGR (in Rs) of around 11.83 per . The per capita GSDP of Maharashtra grew at a CAGR of cent from 2011-12 to 2019-20 10.46 per cent between 2011-12 and 2017-18. Note: GSDP - Gross State Domestic Product, CAGR – Compound Annual Growth Rate, Per Capita GSDP^ - calculated using GSDP (in Rs)/ Population, BE- Budget estimate Source: Central Statistics Office, “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra 10 MAHARASHTRA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – NSDP NSDP of Maharashtra at current prices NSDP per capita of Maharashtra at current prices 400.00 25 3,000.00 CAGR (In Rs) 10.43% 200000 CAGR (In Rs) 11.75% 350.00 180000 20 2,500.00 160000 300.00 140000 21.94 2,000.00 2,802.11 250.00 180,596 340.41 15 120000 19.87 165,491 1,500.00 2,466.70 100000 200.00 17.51 296.14 147,610 2,254.96 2,168.62 267.53 15.55 2,076.41 2,066.76 2,056.57 10 132,611 80000 254.26 150.00 14.49 125,039 239.47 235.48 234.95 1,000.00 12.82 111,980 60000 99,564 100.00 11.27 5 500.00 40000 50.00 20000 0.00 0 0.00 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 US$ billion Rs trillion US$ Rs .
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