MAHARASHTRA GATEWAY TO INDIA
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❖ Executive Summary …….……….……… 3 ❖ Advantage Maharashtra ……………...... 5 ❖ State Vision …………………….………… 6 ❖ Maharashtra – An Introduction ……..…. 7 ❖ Annual Budget 2014–15 ...... 20 ❖ Infrastructure Status ………………...… 21 ❖ Business Opportunities ……………..… 39 ❖ Doing Business in Maharashtra …….... 68 ❖ State Acts & Policies …………...……... 77
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EXECUTIVE SUMMARY … (1/2)
Highest contribution to • Maharashtra’s GSDP at current prices was US$ 300.51 billion in 2015-16 and accounted India’s GDP for 12.98% of India’s GDP, the highest among all states.
• Total FDI in the state during April 2000 to December 2016 stood at US$ 100.16 billion1, Highest FDI in India the highest among all states in India.
• Jawaharlal Nehru Port is the largest port in India in terms of container traffic. During 2016- Largest Container Port 17 (till February 2017), the port handled 561.92 lakh metric tonnes of traffic.
India’s financial and • 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. educational hub Pune, another major city in the state, has emerged as the educational hub.
Source: Central Statistics Office, TechSci Estimates, Economic Survey 2015-16 Department of Industrial Policy & Promotion, Indian Port Association 1Including Daman & Diu and Dadra & Nagar Haveli
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EXECUTIVE SUMMARY … (2/2)
Significant production of • Maharashtra is one of the largest producers of sugarcane and pomegranate in the country. sugarcane and In 2015-16, production of sugarcane in the state stood at 72,089 thousand tonnes. During pomegranate 2014-15, the production of pomegranates was recorded to be 1,313.37 thousand tonnes.
• Maharashtra is the most industrialised state in India and has maintained the leading Industrial powerhouse position in the industrial sector in the country. The state is a pioneer in small scale industries and boasts of the largest number of special export promotion zones.
Strong cotton • Maharashtra is among the leading producers of cotton in India. The state produced 4.20 production million bales of cotton during 2015-16.
Source: Ministry of Agriculture, News Articles, Economic Survey 2015-16
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ADVANTAGE MAHARASHTRA
2015-16 TradeGrowing and commerce demand hub Policy incentives 2015-16 of India • The Government of Maharashtra has GSDP of several policies in place to set up the • Mumbai (Maharashtra) is known as right kind of business climate. the state the trade and commerce capital of Per capita was US$ India. It is also the financial centre of GSDP was 300.51 India. • These policies aim to motivate US$ 2,545 investors to invest into various sectors billion • Maharashtra has emerged as a key hub for IT and ITeS, electronics and in the state, thereby contributing to captive business outsourcing the overall development of the industries. economy.
Advantage Maharashtra Rich pool of skilled Facilitating infrastructure labour • The state has a well developed social, physical and industrial infrastructure. • Maharashtra has a literacy rate of Apart from four international and seven 82.3% and is home to a number of domestic airports, the state has two world class educational and IT major and 53 minor ports. It also has a institutions. well developed power supply grid. • The state has a large base of skilled • Maharashtra's infrastructure sector has and industrial labour, making it an grown significantly over the last ideal destination for knowledge based decade, with a substantial rise in the and manufacturing sectors. number of industrial clusters and Public Private Partnership (PPP) projects.
Source: Government of Maharashtra
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STATE VISION
• Expects to achieve double digit • Establishing technical growth during the 12th Five Year universities for skill Plan. development. • Focus on growth of the • Providing scholarships to manufacturing sector. pursue professional courses. • Creating conducive growth environment.
• Promoting sustainable Industrial sector Skill development • Maharashtra government development in agriculture by targets 12.5% GSDP growth integrating schemes of water in the 12th Five Year Plan. shed development, use of • US$ 50.6 billion allocated to technology, enhancing accelerate economic growth processing capacity and skill Agriculture GSDP growth by implementing specially development. Vision designed growth oriented policies. • Promotion of agri-business through PPP for Integrated Agricultural Development (PPP- Tourism Infrastructure IAD) and develop market linkages of horticulture.
• Promote religious, adventure • 6,026 km of national highway and heritage tourism. projects. • Training workers in the • Developing ports by investing organised and unorganised approximately US$ 2.4 billion. sectors related to tourism.
Source: Confederation of Indian Industry
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MAHARASHTRA FACT FILE
India's main stock exchanges & capital market and commodity exchanges are located in Mumbai.
The most commonly spoken language in the state is Marathi. Konkani, Hindi and English are the other prominent languages.
Parameters Maharashtra
Capital Mumbai Geographical area (lakh sq. km) 3.08 Administrative districts (No) 36 Population density (persons per sq 365 Maharashtra is situated in the western region of the km) country. The state shares borders with Gujarat, Total population (million) 118.1 Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Karnataka, Goa and the Union Territory of Dadra Male population (million) 61.2 and Nagar Haveli. On its west is the Arabian Sea. Female population (million) 56.9 Sex ratio (females per 1,000 males) 929 Mumbai, Pune, Nagpur, Thane, Nasik, Solapur, Kolhapur, Sangli, Aurangabad, Amravati and Literacy rate (%) 82.3 Ratnagiri are some of the major cities of Maharashtra. Source: National Portal of India, Economic Survey 2015-16 TechSci Research Estimates
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MAHARASHTRA IN FIGURES … (1/2)
Parameter Maharashtra All states Source
Economy 2015-16 2015-16
GSDP as a percentage of all states’ GSDP 14.49 100.0 Central Statistics Office, TechSci Estimates
GSDP growth rate (%) 9.9 8.71 Central Statistics Office, TechSci Estimates
Per capita GSDP (US$) 2,545 1,546 Central Statistics Office, TechSci Estimates Physical Infrastructure
Installed power capacity (MW) 40,598.69 305,554.25 Central Electricity Authority, as of August 2016
Telecom Regulatory Authority of India, as of Wireless subscribers (No) 87,183,302 1,078,422,215 October 2016 Telecom Regulatory Authority of India, as of Internet subscribers (No) 30,620,000 367,480,000 September 2016 NHAI, Roads and Building Department- National Highway length (km) 7,434.79 100,087.08 Government of India
Major and minor ports (No) 2 + 53 13+187 India Ports Association 2015
Airports (No) 11 125 Airports Authority of India
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MAHARASHTRA IN FIGURES … (2/2)
Parameter Maharashtra All states Source
Social Indicators
Literacy rate (%) 82.3 73.0 Census, 2011
Birth rate (per 1,000 population) 16.5 21.6 SRS Bulletin Investment
Department of Industrial Policy & Promotion, Cumulative FDI equity inflows (US$ billion)1 82.62 288.51 April 2000 to March 2016
Industrial Infrastructure
DEA, Ministry of Finance, Government of India, Operational PPP projects (No) 194 1,246 July 2016 Notified as of February 2016, Ministry of Operational SEZs (No) 25 186 Commerce & Industry, Department of Commerce, July 2016
1Combined FDI inflows for Maharashtra, Dadra & Nagar Haveli and Daman & Diu PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System
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ECONOMIC SNAPSHOT – GSDP
At current prices, GSDP* of Maharashtra was US$ 300.51 GSDP of Maharashtra at current prices billion in 2015-16. (in US$ billion)
GSDP of the state grew at a CAGR of around 10.54% from 2005-06 to 2015-16.
300.5 264.8 230.0 250.7 243.7 244.9 170.1 163.4 180.5
110.3 129.5
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Source: Central Statistics Office, TechSci Estimates based on “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra GSDP - Gross State Domestic Product, CAGR – Compound Annual Growth Rate GSDP* - State Budget 2016-17
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ECONOMIC SNAPSHOT – NSDP
At current prices, NSDP# of Maharashtra was US$ 263.6 NSDP of Maharashtra at current prices billion in 2015-16. (in US$ billion)
Maharashtra’s NSDP# grew at a CAGR of around 10.29% from 2005-06 to 2015-16. 263.6 238 208.4 227.1 220.4 221.2 153.9 146.9 162.5
99 116.7
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Source: Central Statistics Office, TechSci Estimates based on “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra NSDP - Net State Domestic Product, CAGR – Compound Annual Growth Rate NSDP# - Geometric mean of YoY calculation from 2004-05 to 2014-15
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ECONOMIC SNAPSHOT – PER CAPITA GSDP
The state’s per capita GSDP^ at current price was US$ Per capita GSDP (US$) 2,545 in 2015-16.
The per capita GSDP of Maharashtra grew at a CAGR of 9.16% between 2005-06 and 2015-16. 2545 2,053.02,208 2,1182,100.52,242 1,585 1,500 1,633
1,059 1,225
2006-07 2005-06 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Source: Central Statistics Office, TechSci Estimates based on “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra Per Capita GSDP^ - calculated using GSDP million US$/ Population in million
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ECONOMIC SNAPSHOT – PER CAPITA NSDP
At current price, the state’s per capita NSDP& was US$ Per capita NSDP (US$) 2,232.5 in 2015-16.
The per capita NSDP of Maharashtra grew at a CAGR of 2232.5 2,000 2013.8 8.91% between 2005-06 and 2015-16. 1,860.0 1,9151,897.7 1,471 1,434 1,349 1,104
951
2011-12 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2012-13 2013-14 2014-15 2015-16
Source: Central Statistics Office, TechSci Estimates based on “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra per capita NSDP& - calculated using NSDP million US$/Population in million
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ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSDP
Percentage distribution of GSDP Over 2015-16, the tertiaryµ sector contributed 64.53% to the state’s GSDP at current prices, followed by the secondaryµ sector with a contribution of 25.84%.
At a CAGR of 15.8%, the tertiary sector has been the fastest CAGR growing among the three sectors from 2004-05 to 2015-16. Growth was driven by trade, hotels, real estate, finance, 59.58 15.8% 64.53 insurance, transport, communications and other services.
The secondary sector grew at a CAGR of 13.5% between 13.5% 2004-05 and 2015-16. The growth in secondary sector was 29.61 25.84 driven by growth in manufacturing, construction and 13.7% electricity, gas & water supply industries. 10.18 9.63 2004-05 2015-16 The primaryµ sector expanded at a CAGR of 13.7% Primary Secondary Tertiary between 2004-05 and 2015-16. Agriculture is the major Source: Central Statistics Office, TechSci Estimates based on contributor in the growth of the primary sector followed by “Advanced Estimates” provided by Directorate of Economics and forestry and fishing. Statistics of Maharashtra Sector-wise % share of GSDPµ -Geometric mean of YoY calculation from 2004-05 to 2014-15 The World Bank in January 2017 will fund the state Government project namely Climate Resistant Agriculture to reclaim 5 lakh hectares saline lands, spread in 1,000 villages. The World Bank will contribute US$ 416.484 out of the US$594.97 joint project.
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ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION…(1/2)
During 2015-16, production of pulses and oil seeds in the state Annual production 2015-16 Crop was recorded at around 1.48 million tonnes and 2.08 million (‘000 tonnes) tonnes, respectively. Sugarcane, cotton, onion, soya bean, banana, jowar (sorghum) and rice are some of the key agricultural products of Sugarcane 72,089 Maharashtra. Soya bean 1,853 Total food grain production in the state stood at around 8.3 Groundnut 189 million tonnes in 2015-16. Sunflower seed 7 As per the Agriculture Marketing and Farmer Friendly Reforms Jowar (Kharif) 314 Index, the state secured the top position in pursuing farmer friendly policies during 2016. Jowar (Rabi) 1,383 Area (‘000 hectares) and production (‘000 MT) of Rice 2,548 horticulture crops in Maharashtra Wheat 720 24,265.2 24,277.0 Bajra (millets) 304 18,378.3 19,719.8 Maize (Kharif) 1,184
Maize (Rabi) 336
2651.2 2649.2 2380.2 1673.9 Total food grains (Kharif) 5,036 Total food grains (Rabi) 3,353
Area Total oilseeds (Kharif) 2,052
2013-14 2014-15 2015-16 2012-13 Production Total oilseeds (Rabi) 28 Total pulses (Kharif) 576 Source: Economic Survey of Maharashtra, 2015-16, Indian Horticulture Database Total pulses (Rabi) 911
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ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION…(2/2)
As per state budget 2016-17, the Government of Vegetable production in Maharashtra (‘000 MT) Maharashtra proposed an outlay of US$ 12.22 million under the scheme - “National Agriculture Vegetable 2011-12 2012-13 2013-14 2014-15 Development Scheme” in order to strengthen the production of pulses and oilseeds in the state. Onion 5,638 4,660 5,864 5,864 Potato 360 321 370 370 The state government also proposed establishment of organic farming research & Tomato 1,007 1,050 1,200 1,200 training centres across four universities related to agriculture for the endorsement of organic Sugarcane production in Maharashtra (million MT) farming in the state.
81.90 86.73 91.53 75.38 72.08 64.16 69.65 During 2015-16, the state recorded production of 5,803 thousand MT of onion.
Production of pomegranates in Maharashtra (‘000 MT) 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2011-12 478 Sugar production in Maharashtra (lakh MT)
105.10 2012-13 408 90.70 90.00 79.70 77.10 70.40 2013-14 945
2014-15 1,313
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 Source: Department of Agriculture & Co-operation, Ministry of Agriculture MARCH 2017 For updated information, please visit www.ibef.org 16 MAHARASHTRA GATEWAY TO INDIA
ECONOMIC SNAPSHOT – FDI INFLOWS AND INVESTMENTS
FDI equity inflows1, 2008-09 to 2014-17 Approved and commissioned industrial projects for major industries (US$ million) (1991-92 to 2015-16- up to October 2015) Commissioned 12,431 Approved proposals Projects 10,016 9,553 9,511 Industry Investment Investme 8,249 No. (US$ No. nts (US$ 6,097 6,361 6,361 billion) billion) Metallurgical 1,909 15.43 935 5.61 3,420 Chemicals & 2,839 9.15 1,386 3.40 fertilizers Textile 1,998 7.64 933 2.59 Electrical &
1,174 3.43 683 1.19
2015-16 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2008-09 electronics
2016-17(1) Sugar 1,532 5.87 235 1.28 According to the DIPP, cumulative FDI inflows1 in the Processed state of Maharashtra during April 2000 to December 1,046 3.09 440 0.88 2016 stood at US$ 100.16 billion. food
The state government has approved 19,053 industrial proposals during 1991-92 to 2015-16 (up to October 2015). Chemicals & fertilisers followed by Source: Department of Industrial Policy & Promotion, Economic 1 textiles were the leading sectors in terms of industrial Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu proposals approved with cumulative share of 25.4%.
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ECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT TRENDS…(1/2)
As of November 2015, Maharashtra’s exports totalled to around Exports trends (US$ billion) US$ 43.84 billion.
Major products exported from the state are gems and jewellery, 84.0 software, textiles, readymade garments, cotton yarn, metal and 76.9 73.9 metal products, agro-based products, engineering items, drugs and pharmaceuticals, and plastic and plastic items. 67.6 47.8 49.2 48.1 43.8 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.
⁾ ¹
In November 2015, Maharashtra sugar mills entered into a deal with ⁽ 16
neighbouring markets such as Sri Lanka and Bangladesh, etc., for -
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 exporting 2 lakh MT of white sugar. As per the announcement made 2008-09 by the state government in September 2015, Maharashtra is 2015 expected to export 4 million tonnes of sugar during 2015-16. Source: Economic Survey of Maharashtra, 2015-16 Note: 2015-16(1) : up to November 2015 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
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ECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT TRENDS…(2/2)
Maize exports from Maharashtra (million MT) Pulses exports from Maharashtra (million MT) 23.54 223.76 20.60 187.80 18.14 165.51 151.60 15.09 15.61 132.57 13.03 108.91 103.15 7.56
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Source: APEDA, 1From April-August 2015 Source: APEDA, (1)From April-August 2015
Dairy product’s exports from Maharashtra (thousand MT)
39.54 21.83 11.35 11.25 8.32 4.67 5.99
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Source: APEDA, 1From April-August 2015
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STATE BUDGET 2016-17
Revenue receipts of US$ 33.73 billion and revenue expenditure of US$ 34.29 billion were estimated during 2016-17.
Budget- 2016-17 Budget- 2016- Plan Plan (US$ million) 17 (US$ million) National Agriculture Land acquisition and project displaced rehabilitation in 12.22 33.04 Development Scheme MIHAN. ‘Mahatma Gandhi Rural Shelter for all- 2022 scheme 106.93 Employment 530.65 infrastructure development in Municipal council, Nagar Mission’ and ‘State Employment 152.76 Panchayat Guarantee Scheme’ Science, Technology & Accelerate Nagpur and Pune metro project. 27.49 9.47 Environment Annual plan Maharashtra fire safety mission. 4.58 Crop Insurance Scheme. 283.37 Rajiv Gandhi Jivandai Arogya Yojana 45.82 Pandit Dindayal Upadhyay Krishi 9.16 Margdarshan Yojana Sarv Siksha Abhiyan 113.04 Irrigation 4.58 Nature Tourism 7.21 Irrigation projects included in Strengthening of tourist places. 43.53 “Pradhan Mantri Krishi Sinchai 317.44 Yojana” Majhi Kanya Bhagyashree Yojana 3.81 “Chief Minister Rural Road Preservation and conservation for Varli Art. 76.38 9.16 Scheme” Mumbai Metro phase-3. 13.82 Electricity generation projects 119.76 Rajiv Gandhi Jivandai Arogya Yojana 45.82 Textile Industry 40.48
Road construction 618.69 Source: State Budget 2016-17
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PHYSICAL INFRASTRUCTURE – ROADS…(1/2) The state is well connected to its 6 neighbouring states & 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. During 2015-16, with an investment of US$ 76.38 million, the state government executed - Chief Minister Rural Road Development Scheme, for connecting those areas which are not included under PMGSY. As per budget 2016-17, the Government of Maharashtra allotted an outlay of US$ 618.69 million for construction of roads in the state. Moreover, for enhancing the flow of traffic in the town of Kalyan, the government proposed to establish the 21 km long Bhiwandi-Kalyan-Shilphata elevated road, with a proposed outlay of US$ 6.11 million. As on December 2015, the state government approved an elevated road project on Ghodbunder Road from Gaimukh for a proposed investment of US$ 132.7 million, construction of a 3rd bridge on Thane creek at Vashi with a proposed investment of US$ 132.7 million, an elevated road at Bhiwandi-Kalyan-Shil Phata with a proposed investment of US$ 431.3 million, 4-lane Vakan-Pali-Khopoli road at a proposed investment of US$ 82.94 million & an underground tunnel between Thane & Borivali. 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$6.84 billion and would be requiring 10000 hectares of land.
National highway length completed (km) Road length (km) Road type (as of 2015-16) 391.00
National highways 7,434.79 250.50 State highways 40,000 124.00 Major district roads 50,232 Other district roads 52,761 2012-13 2013-14 2014-15 Village roads 114,557 Source: Economic Survey of Maharashtra, 2015-16, NHAI Source: Economic Survey of Maharashtra, 2015-16, NHAI MARCH 2017 For updated information, please visit www.ibef.org 21 MAHARASHTRA GATEWAY TO INDIA
PHYSICAL INFRASTRUCTURE – ROADS…(2/2)
Pradhan Mantri Gram Sadak Yojana (PMGSY) was Expenditure on road works under Pradhan Mantri Gram launched in 2000 with the objective of connecting eligible Sadak Yojana in Maharashtra (US$ million) rural habitants. Until 2015, about 41,9971 km of road network has been completed across India, of which road 82.55 length of 22,214 km was completed in Maharashtra. 58.52
In November 2015, the 785-meter long Vanjarpatti flyover in 33.80 Bhiwandi was inaugurated and constructed over a part of extended Mumbai Urban Infrastructure Project (MUIP)
As per budget 2016-17, the state government proposed an 2013-14 2014-15 2015-16¹ outlay of US$ 33.04 million for acquisition of land, special subsidy package, etc. under the MIHAN project during 2016- 1 17. Source: NHAI, Note: Up to October 2015
As of November 2016, the government approved two and four-laning of three highway stretches - NH-930, NH-211 Pradhan Mantri Gram Sadak Yojana (New NH-52) and NH-211 (New NH-52) in Maharashtra. (PMGSY)`(2015-16- up to July 2015) Habitations connected 10724
Length completed 34852.06
Source: PMGSY
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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 Metro/mono rail Project Current 6,103 km (including 378 km of Konkan Railway). projects cost status/imple As of February 2017, Central Railways is planning to run 52 special superfast Mumbai Metro Rail (US$ mentation weekly trains to Sainagar Shirdi from Lokmanya Tilak Terminus and Dadar million) period stations, so as to clear the extra rush of passengers during summer season. Project During 2015-16, the state government initiated work on the 1st stage of Phase IIA : Dahisar- 979.22 Initiated from Phase-I CBD BelapurPendhar-Taloja MIDC-Kalamboli-Khandeshwar-Navi D.N. Nagar (18.6 km) February 2016 Mumbai International Airport corridor, which is expected to be accomplished Phase III: Colaba- Tendering for by 2017. Work on the 11.1 km long Belapur-Pendhar road is under progress. Bandra-SEEPZ (33.5 3,534.37 civil works in As per budget 2016-17, the state government allocated US$ 27.49 million for km) progress boosting the execution of Nagpur to Pune metro rail project. Moreover, for the Phase II of Mumbai Metro line, an outlay of US$ 13.82 million has been Phase IV: Wadala- Report on proposed by the state government for 2016-17. Ghatkopar-Thane- 2,917.81 feasibility study US$ 1.61 billion was raised for the Mumbai Urban Transport Project III Kasarwadavli (32 km) submitted (MUTP III) by Prime Minister Narendra Modi, for developing an elevated link between Airoli & Kalwa that would help passengers to avoid interchange at Appointment of Phase VII: Andheri (E)- Thane. 948.37 interim Dahisar (E) (16.5 km) consultant is in The government has passed resolution to form Maharashtra Railway progress Infrastructure Development Company Ltd (MRIDC), being a joint partnership between state government & Railway Ministry. The MRIDC shall have a Mumbai Mono Rail working mandate on Railway projects in January 2017. Project The government in February 2017, has sanctioned construction of 7 new Wadala to Chembur & Phase I: railway lines & several other projects, including Chhatrapati Shivaji Terminus- Sant Gadge Maharaj complete, Panvel fast elevated corridor, worth US$4.64 billion. 375.80 Phase II:90% Chowk (Jacob circle) to work The Railway budget 2017, which came jointly with the Union Budget, has Wadala (20 km) completed apportioned US$ 5.72 billion for suburban rail projects & ongoing projects in the state of Maharashtra. Source: Economic Survey of Maharashtra, 2015-16, State Budget 2016-17, MARCH 2017 MMRDA: Mumbai Metropolitan Region Development Authority For updated information, please visit www.ibef.org 23 MAHARASHTRA GATEWAY TO INDIA
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. To reduce congestion at the Mumbai International Airport, an idea for a new airport has been proposed at Navi Mumbai.
During 2015-16, 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. For this purpose, an amount of US$ 2.55 billion has been proposed by the Government of Maharashtra. The first phase of the project is expected to be executed by 2019.
As per budget 2016-17, the state government proposed an amount of US$ 9.16 million for the enhancement of airports (Solapur, Shirdi, Chandrapur, Karhad, Akola, Amaravati, etc) under the Airport Development Authority of Maharashtra. International airport
Domestic airport
Source: AAI (Airports Authority of India)
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PHYSICAL INFRASTRUCTURE – AIRPORTS…(2/2)
Passengers (lakh) Aircraft movement (‘000) Freight (‘000 MT) Domestic airport 2013-14 2014-15 2015-16 2013-14 2014-15 2015-16 2013-14 2014-15 2015-16
Mumbai 218.8 252.1 300.5 188.3 195.4 220.2 181.1 207.7 209.0
Pune 35.0 40.7 51.8 29.5 32.6 38.7 21.1 27.4 31.8
Nagpur 13.6 13.6 15.2 12.5 13.5 12.6 5.1 5.6 6.0
Aurangabad 4.4 4.2 2.9 4.0 4.1 3.7 0.8 1.3 1.4
Passengers (lakh) Aircraft movement (‘000) Freight (‘000 MT) International airport 2013-14 2014-15 2015-16 2013-14 2014-15 2015-16 2013-14 2014-15 2015-16
Mumbai 103.41 114.30 116.24 72.36 74.09 76.38 467.64 486.54 496.24
Pune 1.23 1.01 2.40 1.03 1.12 2.04 0.01 - 0.01
Nagpur 0.45 0.44 0.74 0.48 0.54 0.84 0.42 0.44 0.43
Source: Airports Authority of India
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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 2016-17, Minor Ports in Maharashtra up to February 2017, total traffic handled at the two major ports • Manori • Harnai • Dahanu in Maharashtra was recorded at 1,137.65 lakh tonnes, of which • • • JNPT accounted for 561.92 lakh tonnes while, Mumbai port Kalyan Dabhol Tarapur handled around 575.73 lakh tonnes of port traffic. • Thane • Palshet • Nawapur • Versova • Borya • Satpati The non-major ports of Maharashtra collectively handled • Bandra • Jaigad • Kelwa-Mahim passenger traffic of around 113.57 passengers and cargo of • Trombay • Tiwri-Varoda • Arnala 170.33 lakh tonnes, during 2015-16, till November 2015. • Ulwa-Belapur • Purnagad • Datiware • Panvel • Jaitapur • Uttan Operational ports statistics • Mora • Vijaydurg • Bassein • Mandwa • Deogad • Bhiwandi For major 2013-14 2014-15 2015-161 2016-171 • Karaja • Achara • Alibag ports • Thal • Malvan • Revdanda Traffic handled • • • 1,215.17 1,254.6 1147.03 1137.65 Rewas Niwti Borli / Mandla (lakh MT) • Bankot • Vengurla • Nandgaon For minor • Kelshi • Redi • Murud-Janjira 2012-13 2013-14 2014-15 2015-161 ports • Sriwardhan • Kiranpani • Rajpuri • Dharamtar • Ratnagiri • Mandad Traffic handled Not 241.98 247.74 96.43 • • (lakh MT) available Kumbharu Dighi
Source: India Ports Association 1From April 2016 to February 2017
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PHYSICAL INFRASTRUCTURE – POWER
As of August 2016, the state had a total installed power Installed power capacity (MW) generation capacity of 40,598.69 MW. 16,813 40,589 40,598 34,005 Thermal power contributed 29,922.19 MW to the total 30,354 26,142 installed power generation capacity, followed by 22,645 renewable power, hydropower and nuclear power with contributions of 6,654.52 MW, 3,331.84 MW and 690.14 MW, respectively.
The private sector was the biggest contributor to the total 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17(1) installed thermal power generation capacity in Maharashtra with a capacity of 19,257.39 MW, followed Source: Central Electricity Authority 1Upto August 2016 by 14,314.97 MW under state utilities and 7,026.33 MW under central utilities.
The state government also proposed a new scheme for improving electricity distribution system in the state. As per the budget 2016-17, an investment of US$ 45.98 million has been projected by the government for this new scheme.
In order to intensify the capacity of renewable energy sources in the state, the state government has professed a new energy policy, for which an investment of US$ 69.66 million has been proposed.
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PHYSICAL INFRASTRUCTURE – TELECOM
According to Telecom Regulatory Authority of India (TRAI), Maharashtra had 87.18 million wireless subscribers and 1.88 Telecom infrastructure (As of October 2016) million wireline subscribers, as of October 2016. Wireless subscribers 87,183,302
By the end of October 2016, 16,668,483 subscribers had Wireline subscribers 1,883,711 submitted requests for mobile number portability in Internet subscribers 30,620,0001 Maharashtra. Moreover, the tele density in Maharashtra stood at 101.70% as of October 2016. Post offices 12,6012 Tele density (percent) 101.70 As of April 2016, the state recorded 202,269 new telephone wireless connections of Tata, 4,979 new wireless connections of Vodafone and 18,148 new wireless connections of Reliance. Source: Telecom Regulatory Authority of India, February 2015, India Post, Ministry of Communications and Information Technology, 1As of September 2016 2As on December 2015
Performance status of NOFN Project Major telecom operators in Maharashtra (as of April 2016) Bharat Sanchar Nigam Limited (BSNL) No. of GPs in phase-I 12,055 Mahanagar Telephone Nigam Limited (MTNL) Pipe laid (km) 14,214 Bharti Airtel Cable laid (km) 10,906 Idea Cellular Vodafone Essar GPs for which cable laid 4,771 Reliance Communications No. of GPs lit 150 Tata Teleservices Aircel Limited
Source: Telecom Regulatory Authority of India MARCH 2017 For updated information, please visit www.ibef.org 28 MAHARASHTRA GATEWAY TO INDIA
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 2016-17, the state government allocated US$ 152.76 million for “Maharashtra Suvarn Jayanti Nagrothan Mahaabhiyan”, which is being implemented in the state for creating basic urban amenities across various municipal councils & townships of the state.
As of November 2015, Mahindra Life Space Developers Ltd bought a land in Maharashtra with the objective of developing a housing project aiding urbanisation in the state. In addition, the Maharashtra government is considering to aid the affordable housing concept with opening up of land parcels & 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 under budget 2016-17, the state government has proposed an outlay of US$ 27.49 million in order to boost the development of metro rail projects in Nagpur & Pune. Moreover, 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$ 111.01 million to the Maharashtra government, to speed up construction of 26 dams. The state is set to receive a total of US$ 51.94 million as a part of the AIBP, until 2020.
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 2017. Out of the total amount, a partial amount of US$ 418.27 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$ 22.31 million, in Maharashtra. Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development
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DEVELOPMENT PROJECTS: URBAN & SOCIAL INFRASTRUCTURE…(2/2)
Urban Infrastructure Projects under JNNURM
Amount Project name Amount Project name (US$ (US$ million) million) Revised in BSUP scheme for construction of 219 Dus Integrated Civic Infrastructure Development in Panch Zopda and Gopal Nagar slums in Nagpur, 1.76 20.04 Project (ICIDP) Phase. I, Nagpur, Maharashtra Maharashtra Revised DPR for "Construction of 1,694 Houses BSUP scheme for construction of 279 Dus in Jat at four locations of Nagpur City for 2.06 19.36 Tarodi slum in Nagpur,. Maharashtra Rehabilitation of Urban/Poor under JNNURM - BSUP- PPP scheme - Nagpur". Implementation of Integrated Housing Projects Revised BSUP scheme for construction of 456 Dus in (788 Dus) under BSUP at Nanded City. Dist. 5 slums of North Nagpur in Nagpur, Maharashtra. 2.53 5.38 Nanded, Maharashtra. Revised BSUP scheme for construction of 365 Dus in Implementation of Integrated Housing projects Gopal Nagar and Bh. Anand Kausalyayan Nagar 4.45 (958 Dus) under BSUP at Nanded City. Distt. 6.97 slums in Nagpur Maharashtra Nanded, Maharashtra Implementation of Integrated Housing Projects Revised BSUP scheme for construction of 630 Dus in 6.21 (1183 Dus) under BSUP at Nanded city. Dist. 8.87 Savitribai Phule Nagar slum in Nagpur, Maharashtra Nanded, Maharashtra Revised BSUP scheme for construction of 1017 Dus Implementation of Integrated Housing projects in Indira Nagar, Indiramata Nagar, Wanjara and Bokar 9.44 (1567 Dus) under BSUP at Nanded City. Distt. 11.84 nagar (4 slums) slums in Nagpur, Maharashtra Nanded, Maharashtra
Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development MARCH 2017 For updated information, please visit www.ibef.org 30 MAHARASHTRA GATEWAY TO INDIA
DEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECTS Project Cost Project Name PPP type Sector Stage (US$ million) Operation and 4 laning Pune - Shirur Road (BOT) Transport 16.04 maintenance stage
Hydro Electric Power (Waghur) Project (BOT) Energy Under construction 1.10
Operation and Hydel Power (Vajra - III) Project (BOT) Energy 1.10 maintenance stage
Hydro Electric Power (Urmodi) Project (BOT) Energy Under construction 2.20
Hydro Electric Power (Upper Vaitarna) Project (BOT) Energy Under construction 2.20 Social and School Building (Waddhamna) Project (DBOOT) commercial Under construction 1.32 infrastructure Hydro Electric Power (Temghar) Project (BOT) Energy Under construction 2.93
Operation and Water Supply Scheme (Tuljapur) (O&M) Water sanitation 7.61 maintenance stage Hydro Electric Power (Parseoni) Project - Operation and (BOT) Energy 3.23 Package 2 maintenance stage
Hydro Electric Power (Telbeila) Project (BOT) Energy Under construction 14.67
Source: DEA, Ministry of Finance, Government of India, BOT: Build-Operate-Transfer, DBOOT: Design-Build- Own-Operate-Transfer, O&M: Management Contract MARCH 2017 For updated information, please visit www.ibef.org 31 MAHARASHTRA GATEWAY TO INDIA
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 July 2016, the state has 25 operational SEZs in the state across diversified sectors including textiles and apparel, food processing, footwear and leather products, multi-product, pharma, IT SEZs, etc.
Some of the operational SEZs in Maharashtra
Name/Developer Location Primary Industry
Maharashtra Airport Development Company Ltd. (MIHAN SEZ) Mihan, Nagpur Multi product SEEPZ Special Economic Zone Mumbai Electronics and gems and jewellery Maharashtra Industrial Development Corporation Aurangabad Engineering Wipro Ltd. Maharashtra Computer/electronic software Maharashtra Industrial Development Corporation Pune Computer/electronic software
Maharashtra Industrial Development Corporation Nanded Chemicals & pharmaceuticals
Khed Economic Infrastructure Pvt. Ltd. Pune Engineering & electronics
Maharashtra Industrial Development Corporation Satara Engineering
Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone
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DEVELOPMENT PROJECTS: SEZs … (2/3)
In addition to operational SEZs, as of July 2016, Maharashtra had 9 SEZs with valid in-principle approvals, 59 SEZs with formal approvals and 51 SEZs with notified approvals.
Some of the SEZs with formal approvals Name/Developer Location Primary industry Maharashtra Industrial Development Corporation Limited Pune IT/ITeS MIDC Syntel International Private Limited Pune IT/ITeS Serum Bio-pharma Park Pune Pharmaceuticals & biotechnology Maharashtra Industrial Development Corporation Latur Agro-processing Maharashtra Industrial Development Corporation Nanded Pharmaceuticals
Maharashtra Industrial Development Corporation Aurangabad Engineering & electronics
Wokhardt Infrastructure Development Limited Aurangabad Pharmaceutical
Hiranandani Builders Mumbai IT/ITeS
New Found Properties and Leasing Pvt. Ltd. Thane IT/ITeS
EON Kharadi Infrastructure Private Limited Pune IT/ITeS
Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone
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DEVELOPMENT PROJECTS: SEZs … (3/3)
Some of the SEZs with valid in-principal approvals Name/Developer Location Primary industry
Mumbai SEZ Limited Gujarat Positra Port Infrastructure Ltd Multi-product
Gitanjali Gems Limited Nanded, Maharashtra Gems and jewellery
ISPAT Industries Limited Raigad District, Maharashtra Multi-product
Gitanjali Gems Limited Aurangabad, Maharashtra Gems and jewellery
Gitanjali Gems Limited Nagpur, Maharashtra Multi-product
Maharashtra Airport Development Company Limited Nagpur, Maharashtra Power
Gitanjali Gems Limited Nashik, Maharashtra Multi-services
Redi Port Ltd. Post Redi, district Sindhudurg, Maharashtra FTWZ
Quippo Infrastructure Raigarh Maharashtra Engineering
Source: Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone
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SOCIAL INFRASTRUCTURE – EDUCATION During 2015-16, Maharashtra’s education infrastructure comprised 21 universities, 105,489 primary schools, 25,013 secondary & higher secondary schools. Primary schools had Education infrastructure (2015-16) 16,017 thousand students enrolled during the year, of which No. of Student Institution 7,509 thousand were girls, with 515 thousand teachers. Institution Enrollment Secondary schools in the state had 6,414 thousand enrolled students, of which 2,920 thousand were girls, with 221 Primary schools 105,489 16,017 thousand teachers. Government of Maharashtra is focusing Secondary and higher secondary 25,013 6,414 on education of girls in the state. Various schemes such as schools Kasturba Gandhi Balika Vidyalaya, Ahilyabai Holkar Scheme Engineering colleges (diploma, & Attendance Allowance Scheme have been introduced for 1,093 346,515 promoting girl education in the state. graduate and post-graduate) As per budget 2016-17, the state government allocated an Industrial training institutes (itis) 824 134,767 amount of US$ 20.99 million for the “National Secondary Education Mission” which was initiated by the central Architecture colleges 74 3,763 government, in association with the state government, and Arts, science, commerce & law 2,249 961,576 aims at delivering quality education to all students colleges undergoing secondary education. Further, the state government also decided to digitise all public libraries Pharmacy 486 29,371 approved by the government, with an allocated amount of US$ 2.62 million during 2016-17. Literacy rate (%) in Maharashtra, 2015-16 In addition, an outlay of US$ 113.04 million for Sarv Shiksha Abhiyan has been proposed by the central & state Overall 82.3 governments, collectively. Male 88.4 Urban 88.7 As of February 2017, a total of 18,225 schools had completed their self assessments, which is the 1st stage of Female 69.9 Rural 77 the new accreditation system Shaala Siddhi 2016, adopted by all states in India. Source: Economic Survey of Maharashtra, 2015-16, State Budget 2016-17 Census 2011 MARCH 2017 For updated information, please visit www.ibef.org 35 MAHARASHTRA GATEWAY TO INDIA
SOCIAL INFRASTRUCTURE – HEALTH
Health infrastructure (2015-16(1)) Health indicators of Maharashtra State level hospitals 490 (As of September 2015) (1) District hospitals 23 Doctor to patient ratio 1: 27,790 (1) Mobile medical units 13 Registered doctors 148,575 Sub-district hospitals with capacity of 50 beds 58 Birth rate (per thousand persons) 16.5 Sub-district hospitals with capacity of 100 beds 28 Death rate (per thousand persons) 6.2 Community health centres 458 Infant mortality rate (per thousand live births) 24 Rural hospitals/Cottage hospitals 360 Life expectancy at birth (years) (2-15-16) Primary health centres 1,811 Male (2016-20) 69.9 Sub-centres 10,580 Female (2016-20) 73.7 General hospitals 4 Orthopedic hospital 1 As per budget 2016-17, an outlay of US$ 237.39 million has been proposed by the state government for Public Super specialty hospitals 2 Health Department. Moreover, for increasing the Mental health institutes 4 coverage of insurance being provided to beneficiaries in the state, the state government proposed an allocation Women hospitals 11 of US$ 45.82 million during 2016-17. TB hospitals 4 Health and family welfare training institution 8
Source: Ministry of Health and Family Welfare, Government of India, Economic Survey of Maharashtra, 2015-16 (1)Until Dec 2015 MARCH 2017 For updated information, please visit www.ibef.org 36 MAHARASHTRA GATEWAY TO INDIA
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$ 43.53 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
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AMRUT AND SMART CITIES On the basis of population and the number of statutory towns, the Government of India shortlisted 10 cities, namely, Amravati, Aurangabad, Greater Mumbai, Kalyan-Dombivali, Nagpur, Nashik, Navi Mumbai, Pune, Solapur & 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 2016-17, 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.
Smart Cities in Maharashtra Nagpur Literacy Cities Population Area (sq. km) rate Nashik Aurangabad Pune 9,429,408 15,643 86.15% Bhiwandi Greater Mumbai 12,478,447 603.40 89.73 % Nagpur 4,653,570 9,892 88.39% Nashik 6,107,187 15,530 82.31% Mumbai Pune Aurangabad 3,701,282 10,107 79.02% Amravati 646,801 270 92.07% Navi Mumbai 1,119,477 163.00 89.62% Kalyan-Dombivali 1,246,381 137.2 81.46% Solapur 951,118 148.9 82.80% Thane 1,818,872 147.00 89.41% Source: TechSci Research
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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. Till July 2015, the state has 25 operational SEZs, of which the majority share is contributed by IT/ITeS, engineering and electronics segment.
Establishment of MSME units Key Industries in Maharashtra Investment Employment Year MSME units • Pharmaceuticals (US$ million) (lakh) • Biotechnology 2007-08 10,244 348.46 1.39 • IT and ITeS 2008-09 11,682 503.36 1.71 • Electronics • Engineering 2009-10 11,896 462.57 1.50 • Auto & auto components 2010-11 14,496 1.87 849.83 • Oil & gas 2011-12 15,606 678.74 2.07 • Food & agro processing • Gems and jewellery 2012-13 16,136 833.33 2.06 • Banking, financial services and insurance (BFSI) 2013-14 19,814 971.28 2.48 • Textiles 2014-15 36,992 1,096.85 3.50 (1) Source: Economic Survey 2015-16, MAIDC - Maharashtra Agro Industries 2015-16 20,220 624.81 1.66 Development Corporation, (1)Up to September 2015
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FINANCIAL SECTOR…(1/7)
At current prices, the contribution of the banking and Banking and insurance contribution to GSDP insurance sector to the GSDP of the state increased at a at current prices (in US$ billion) CAGR of 8.18% between 2008-09 and 2014-15. 26.93 28.95 26.96 25.86 At constant prices, the contribution of banking and 23.98 insurance sector in the GSDP of the state increased at a 18.06 18.83 CAGR of 4.57% between 2008-09 and 2014-15.
Deposits and credit of scheduled commercial 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 banks in Maharashtra by bank group (January-March 2016) Banking and insurance contribution to GSDP No. of at constant prices (in US$ billion) Deposits Credit Bank group banking (US$ million) (US$ million) offices 25.71 25.12 23.76 23.12 22.97 Rural 3,199 9,444.50 8,068.62 19.21 20.09
Semi-urban 2,554 15,586.01 10,336.21
Urban 1,807 24,609.75 12,851.99
Total 7,560 49,640.25 31256.81 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Source: Maharashtra Economic Survey 2015-16, Reserve Bank of India Source: Reserve Bank of India
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FINANCIAL SECTOR…(2/7)
ATMs deployed in Maharashtra, June 2014 ATMs deployed in Maharashtra, June 2015
21,574 19,099
8,749 8,053 6,811 7,502 4,473 4,481 313 291
Total Public Sector Private Sector State Bank Foreign Total Public Sector Private Sector State Bank Foreign Banks Banks Group Banks in India Banks Banks Group Banks in India
Source: Reserve Bank of India Source: Reserve Bank of India
ATMs deployed in Maharashtra, June 2016 23,321
9,449 8,920 4,683 269
Total Public Sector Private Sector State Bank Foreign Banks Banks Banks Group in India
Source: Reserve Bank of India MARCH 2017 For updated information, please visit www.ibef.org 41 MAHARASHTRA GATEWAY TO INDIA
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.
Foundation year: 1956 (owned by Government of India) Banking services: Credit cards, consumer banking, corporate banking, finance and insurance, State Bank of India investment banking, mortgage loans, private banking, wealth management Total assets: US$ 447.92 billion; Total income: US$ 12.54 billion ( H1 2015-16) Headquarters & employees: Headquartered in Mumbai with over 300,000 employees
Website: www.sbi.co.in
Foundation year: 1906 (state owned commercial bank) Banking services: Commercial banking, retail banking, private banking, asset management, Bank of India mortgages, credit cards Total assets: US$ 103.73 billion; Total income: US$ 6.94 billion (2015-16) Headquarters & infrastructure: Bank is based in Mumbai with over 4,500 branches and over 1,000 ATMs all over India Website: www.bankofindia.com
Source: Reserve Bank of India, Bank websites
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FINANCIAL SECTOR …(4/7)
Scheduled commercial banks in Maharashtra
Foundation year: 1919 (owned by Government of India) Union Bank 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$ 63.07 billion; Total income: US$ 5.43 billion (2015-16) Headquarters & Employees: Bank is based in Mumbai with over 28,000 employees and more than 4,000 ATMs Website: www.unionbankofindia.co.in
Foundation year: 1935 (the bank has the largest network of branches in Maharashtra and is a public sector bank) Bank of Maharashtra Banking services: Loans, credit cards, savings, investment vehicles, insurance, investment banking, mortgage loans, private banking etc. Total assets: US$ 24.22 billion; Total income: US$ 2.14 billion (2015-16) Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with 2,000 branches in 29 states Website: www.bankofmaharashtra.in
Foundation year: 1911 (one of oldest commercial banks owned by the government) Central Bank of India Banking services: Core banking services are loans, credit cards, savings, investment vehicles, and insurance, investment banking, mortgage loans, private banking etc. Total assets: US$ 51.7 billion; Total income: US$ 4.25 billion (2015-16) Headquarters & infrastructure: Headquartered in Mumbai with over 4,000 branches in 27 Indian states and 270 extension counters Website: www.centralbankofindia.co.in
Source: Reserve Bank of India, Bank websites
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FINANCIAL SECTOR …(5/7)
Scheduled commercial banks in Maharashtra
Foundation year: 1938 Dena Bank Banking services: Investment banking, consumer banking, commercial banking, retail banking, private banking, asset management, pensions, mortgages, credit cards Total assets: US$ 21.55 billion; Total income: US$ 1.29 billion (nine months ending December 2015) Headquarters & infrastructure: Bank is based in Mumbai, with over 1,400 branches and more than 100 ATMs Website: www.denabank.com
Foundation year: 2004 Yes Bank Banking services: Corporate and institutional banking, commercial banking, investment banking, retail banking, finance marketing Total assets: US$ 22.59 billion; Total income: US$ 1.11 billion (2015-16) Headquarters & Infrastructure: Bank is based in Mumbai, with more than 550 branches and 1,255 ATM’s Website: www.yesbank.in
Foundation year: 1980 Deutsche Bank India 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: www.db.com/india
Source: Reserve Bank of India, Bank websites MARCH 2017 For updated information, please visit www.ibef.org 44 MAHARASHTRA GATEWAY TO INDIA
FINANCIAL SECTOR …(6/7)
Scheduled commercial banks in Maharashtra
Foundation year: 1902 Citibank India 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: www.Citibank.co.in
Foundation year: 1994 Banking services: Investment banking, investment management, wealth management, private HDFC Bank banking, corporate banking, private equity, finance and insurance, consumer banking, mortgages, credit cards Total assets: US$ 97.96 billion; Total income: US$ 5.28 billion (H1 2015-16) Headquarters & employees: Bank is based in Mumbai, with more than 69,065 employees Website: www.hdfcbank.com
Foundation year: 1964 (10th largest bank in the world) IDBI Bank Banking services: Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, agriculture loan Total assets: US$ 59.05 billion Total income: US$ 4.80 billion (2015-16) Headquarters & infrastructure: Bank is based in Mumbai with over 15,000 employees and 2,000 ATMs. Website: www.idbi.com
Source: Reserve Bank of India, Bank websites
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FINANCIAL SECTOR …(7/7)
Scheduled commercial banks in Maharashtra
Foundation year: 1994 ICICI Bank Banking services: Credit cards, consumer banking, corporate banking, finance and insurance, private banking Headquarters & employees: Bank is based in Mumbai, with over 67,857 employees. Website: www.icicibank.com
Source: Reserve Bank of India, Bank websites
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MUMBAI AS FINANCIAL HUB OF INDIA…(1/2) Mumbai is the capital of the state of Maharashtra and the financial capital of India. The city houses a majority of the headquarters of large corporates and financial institutions in the country. In addition, major stock exchanges, commodity exchanges and capital markets of India are situated in Mumbai. During 2014-15, Mumbai accounted for 22.7% of the state income of Maharashtra. Till September 2015, the number of micro, small and medium enterprises (MSMEs) in Mumbai totalled 244,000, providing employment to about 292,000 thousand individuals.
According to Maharashtra Industrial Development Corporation (MIDC), there are 305 industrial units in Mumbai. About US$ 648 million has been invested by the corporation for various projects in Mumbai, providing employment to about 50,000 people in the area.
The government has also commenced work for setting up a special economic zone (SEZ) in Nhava Sheva, Navi Mumbai. The project is being developed by Jawaharlal Nehru Port Trust (JNPT) and is planned by L&T Infrastructure Engineering Limited. The project will be developed on EPC mode with a total expected private investment of about US$ 534.68 million. The zone is being developed on 277.38 hectares of land and is directly accessible via Mumbai Goa Highway- NH4B and SH 54. It is expected to generate direct and indirect employment opportunities for about 150 thousand people. The project was granted environmental clearance on 5th December, 2014. L&T Infrastructure Engineering submitted detailed plans for the project to the government on 31st March, 2015. Since then, activities such as levelling of the area and initiation of tender process for the wall protecting the SEZ (Phase-1) have commenced.
Source: Maharashtra Economic Survey 2015-16; Jawaharlal Nehru Port Trust MARCH 2017 For updated information, please visit www.ibef.org 47 MAHARASHTRA GATEWAY TO INDIA
MUMBAI AS FINANCIAL HUB OF INDIA…(2/2)
Further, the Government is setting up the Delhi-Mumbai Industrial Corridor (DMIC) with the help of the Government of Japan, which has agreed to lend US$ 4.5 billion for this project. Seven nodes are in the development stage for the Phase-1 of the project, which is expected to greatly boost India’s manufacturing sector.
The Government of Maharashtra sent a memorandum to the 13th Finance Commission to support the growth of Mumbai’s infrastructure and develop it as an international finance centre.
In addition to providing US$ 1.59 million to the Government of Maharashtra for developing the infrastructure of Mumbai as a part of (JNNURM), the Government of India has released US$ 26.63 million for the funding of Mumbai Metro to improve the transport infrastructure of Mumbai.
In November 2015, apex industry body ASSOCHAM launched Maharashtra-Goa Regional Development Council, with an aim to develop Mumbai as International Finance Centre and Mumbai-Pune-Nashik region as the Silicon Valley of India. The Council is expected to aid sustainability of two major states.
The Mumbai Metro Rail Phase II A, from Dahisar to D.N. Nagar covering 18.6 km with project cost of US$ 979.22 million, commenced in February-2016 and is likely to be completed by March 2019. Phase III of the project, Colaba-Bandra-Seepz covering 33.5 km with a project cost US$ 3534.37 million is expected to be completed by 2020-21. General consultant has been appointed and tendering for civil work is in progress for this phase.
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. As of October 2015, expenditure of US$ 1. 21 million and US$ 1 million, respectively, was incurred.
Source: Maharashtra Economic Survey 2015-16
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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. As of August 2015, one of the leading pharmaceutical companies Nutra Plus started the commercial production of therapeutic and analgesic products in its Tarapur plant.
The Maharashtra state government aims at giving a boost to the pharmaceutical sector in the state and improve research activities with development of skilled man power. Hence, the government plans to establish National Institute of Pharmacy Education and Research at Nagpur during 2015-16. In September 2015, A2Care, one of the leading pharmaceutical companies, announced plans to invest in Maharashtra under the Make in Maharashtra programme.
From August 1991 to October 2015, a total of 854 projects with an investment of US$ 2448.5 million have been approved for the pharmaceutical industry in the state. Of Source: Maharashtra Industrial Development Corporation these 496 projects with investment of US$ 663.15 million MSME: Micro, small and medium enterprises have commenced.
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KEY INDUSTRIES – PHARMACEUTICALS AND BIOTECHNOLOGY … (2/3)
Biotechnology & Pharmaceutical SEZs in Maharashtra Sector Status Serum Bio-Pharma Park Pharmaceuticals & Biotechnology Formal approval granted Maharashtra Industrial Development Corporation Pharmaceuticals Formal approval granted Wockhardt Infrastructure Development Limited Pharmaceuticals Formal approval granted Mahindra and Mahindra Limited Biotechnology Formal approval granted International Biotech Park Ltd Biotechnology Formal approval granted Inspira Infra (Aurangabad) Ltd. (formally Ajanta Project (India) Ltd.) Pharmaceuticals Formal approval granted Inspira Infra (Aurangabad) Ltd. (formally Ajanta Project (India) Ltd.) Biotechnology Formal approval granted Saloni Business Park Private Limited Biotechnology Formal approval granted Veritas Infrastructure Development Limited Biotechnology Formal approval granted SEZ Bio-Tech Services Private Limited Biotechnology Formal approval granted
Registered BT units Total units Investment (US$ million) Employment BT units Registered LOI Registered LOI Registered LOI MSME 50 15 43.3 29.8 872 338 Large 16 7 185.8 88.1 712 931
Source: Maharashtra Industrial Development Corporation Economic Survey 2015-16 MARCH 2017 For updated information, please visit www.ibef.org 50 MAHARASHTRA GATEWAY TO INDIA
KEY INDUSTRIES – PHARMACEUTICALS AND BIOTECHNOLOGY … (3/3)
Key players
GlaxoSmithkline • GlaxoSmithkline Pharmaceuticals, established in 1924, is one of the oldest players in the Indian Pharmaceuticals Ltd pharmaceuticals industry. In 2015-16, the company earned US$ 422.91 million in revenues. 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 in 2015-16 valued at US$ 2.08 billion It is also one of the oldest players in the sector. The company has manufacturing units at Vikhroli (Mumbai) and Patalganga.
• Wockhardt, headquartered in Mumbai, is a major player in the integrated healthcare segment. The company’s market presence covers formulations, biopharmaceuticals, nutrition products, Wockhardt Ltd vaccines and Active Pharmaceutical Ingredients (APIs). The company’s total income from operations stood at US$ 339.86 million in 2015-16. • 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 in 2015-16 were valued at about US$ 2.09 billion. 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 MARCH 2017 For updated information, please visit www.ibef.org 51 MAHARASHTRA GATEWAY TO INDIA
KEY INDUSTRIES – IT/ITeS AND ELECTRONICS … (1/4)
Investment in science, technology and IT is one of the top notch sectors in the state, with maximum environment sector in Maharashtra thrust, development and investment. Year Cost (outlay) US$ million
Over 2014-15, Maharashtra accounted for around 30% of the 2011-12 6.19 country’s software exports with the help of 1,200 software units present in the state. 2012-13 4.42 2013-14 5.64 The Government of Maharashtra is focusing on providing IT- related infrastructure, fiscal incentives to IT units and an 2014-15 9.47 institutional framework for the IT sector. The prime IT/ITeS clusters are in Greater Mumbai, Pune, Thane, and Nasik. Pune is the 2015-16 10.23 leader in Business Process Outsourcing (BPO) services. Source: Economic Survey 2015-16 During 2015-16, the Directorate of Information Technology made 156 online services available through “Aaple Sarkar” portal under the Maharashtra Public Services Rights Act, 2015.
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 2020.
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 MARCH 2017 For updated information, please visit www.ibef.org 52 MAHARASHTRA GATEWAY TO INDIA
KEY INDUSTRIES – IT/ITeS AND ELECTRONICS … (2/4)
During 2015-16, Maharashtra Industrial Development Corporation (MIDC), CIDCO and Software Technology Park of India cumulatively Prominent information technology parks in developed 37 public IT parks and approved 472 IT parks. Of the total Maharashtra 472 IT parks, 160 parks are already operational with an overall investment of US$ 556.37 million and US$ 1,369.08 million has been proposed for the remaining 312 IT park projects that are in the Talawade IT Park, Dehu-Moshi Road, Pune. processing phase. Millennium Business Park (MBP), Navi Mumbai Prominent information technology parks in Maharashtra Hinjewadi IT Park Phase I, Hinjewadi, Pune District Number of IT parks (2015-16) Pune 172 Hinjewadi IT Park Phase II, Hinjewadi, Pune
Greater Mumbai 158 Kolhapur IT Park, Kolhapur Thane 129 Sangli IT Park, Vishrambag, Sangli Nagpur 5 Nashik 4 Nagpur IT Park, Nagpur Aurangabad 3 Deogiri Infotech Park, Aurangabad Wardha 1 Total 472 Kharadi IT Park, Kharadi, Pune
Source: Economic Survey 2015-16 Source: Maharashtra Industrial Development Corporation
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KEY INDUSTRIES – IT/ITeS AND ELECTRONICS … (3/4)
Government initiatives
Additional floor space index for IT parks and recreational, residential and other support facilities would be provided.
Eligible IT-ITeS units covered under the Package Scheme of Incentives (PSI) would be exempted from the payment of electricity duty.
IT units would be supplied with power at industrial rates.
Property tax shall be levied on IT/ITeS units at par with residential rates.
VAT on the sale of IT products would be generally charged at a minimum floor rate.
Developement of Mumbai-Pune-Nashik as Silicon valley of India, that is, an IT innovation hub under Maharashtra-Goa Regional Development Council
Source: Maharashtra Industrial Development Corporation News articles
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KEY INDUSTRIES – IT/ITeS AND ELECTRONICS … (4/4)
Key players
• Accenture is a global management consulting, technology services and outsourcing company, Accenture 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 2014-15 (for the twelve months ending Aug 2015), the company earned revenues of US$ 32.91 billion.
IBM • IBM is one of the biggest IT solutions and product firms having presence across the globe. • The company has a significant presence in India, with centres in Pune. In 2014, it recorded revenues of US$ 92.79 billion.
• Capgemini is a global IT major headquartered in Paris, France, and operates in more than 40 Capgemini countries. The company generated revenues of US$ 11.50 billion in 2014 and US$ 5.29 billion in H1 2015. 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 is a well-known IT giant, with development centres across India. The company Infosys Technologies generated revenues of US$ 8.711 billion in 2014-15 and US$ 4.64 billion in H1 2015-16 Ltd • The company has a development centre at Wakad, Pune, and also a BPO centre in the city. • Infosys has been allotted land in Mihan-SEZ, Nagpur, and was expected to start construction work in July 2014. In the first phase the company will invest US$ 78.8 million to accommodate 5,000 software professionals.
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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. As of May 2015, the plant is in construction stage.
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KEY INDUSTRIES – ENGINEERING … (2/2)
Key players
Larsen & Toubro • Larsen & Toubro Limited (L&T) is a diversified Indian conglomerate with interests in engineering Ltd (L&T) and construction. The company earned US$ 6.81 billion in revenues during H1 2015-16. • L&T is one of the oldest running companies with headquarters in Mumbai. The company has manufacturing facilities at Mumbai and Ahmednagar.
Greaves Cotton Ltd • Greaves Cotton is one of the oldest and well-diversified engineering companies in India. • Its core products include diesel/petrol engines, pump sets, construction equipment and gensets. • The company has manufacturing facilities at Chakan, Chinchwad, Chikalthana, Shendra and Waluj. The company earned US$ 247.31 million in revenues in 2015-16.
• Siemens Group is a leading inventor, innovator and implementer of leading-edge technology- Siemens Group enabled solutions operating in the core business segments of industry, energy and healthcare. The company is based in Navi Mumbai. In 2013-14 (October 2013 to September 2014), Siemens India earned US$ 1.76 billion as total income from operations and US$ 1.19 billion during the first 9 months of 2014-15 (till June 2015)
• ABB is one of the leading engineering companies in the world. The ABB group operates in around 100 countries and employs about 130,000 people. The company offers an extensive ABB array of products and services within power and automation technologies. ABB operations in India include 12 manufacturing facilities, with over 10,355 employees. The company has a manufacturing facility in Mumbai. In 2014-15, ABB India Ltd earned revenues of US$ 1.28 billion from operations on standalone basis and US$ 948.08 million during the first nine months of 2015.
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KEY INDUSTRIES – TEXTILES … (1/2)
Maharashtra contributes about 11.4% to India’s textiles and apparels Cotton (lint) production in Maharashtra (million bales) output. Maharashtra is the largest cotton producer in India with largest area under cultivation for cotton, that is, 3,827 thousand 8.83 hectares during 2015-16. The textile industry is the largest employer 7.74 in Maharashtra and contributes around 28% to India's total exports. 6.82 6.79 6.82 4.20 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. 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 Some of the textile parks are the Nardhana Textile Park in Dhule, Butibori (Nagpur) Textile Park and Ambernath Textile Park. As Source: Economic Survey, 2014-15 announced in May 2015, the state government plans to set up 8 new 2015-16 (cotton production) - estimated textile parks in the state. Raw silk production (in tonnes) As per budget 2016-17, the state government is aiming at setting up new textile units across the state’s cotton growing areas. Moreover, Year Volume the government has also proposed an investment of US$ 40.48 2012-13 97 million during 2016-17, for the existing and upcoming textile projects 2013-14 122 across Vidharbha, Norhern Maharashtra and Marathwada. 2014-15 221 The Government of Maharashtra is planning to set up a garment 2015-16 274 park in Solapur, with an investment of US$ 44.62 million to generate 2016-17(1) 20 employment in the surrounding areas.
Source: Central Silk Board Note: 2015-16(1) : Till May 2016
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KEY INDUSTRIES – TEXTILES … (2/2)
Key players
• Raymond was incorporated in 1925 and is a leading Indian textile major. The company is part of Raymond global conglomerate Raymond Group. It generated revenues of US$ 438.86 million in 2014-15 and US$ 408.4 million between April-September 2015. • 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.
Bombay Dyeing • The Bombay Dyeing and Manufacturing Company Limited’s textile products include bedding range, bedding accessories, bath linen, hotel linen and industrial fabrics. • Product range also consists of bed sheets, bed covers, quilts, duvet covers, dohars, bed in bag sets, blankets, pillow cases, cushion covers, shams, cushions, pillows and bed decor sets, pool towels, bath towels, hand towels and face towels. The company generated revenues of US$ 303.74 million in 2015-16.
S. Kumars’ • S. Kumars’ is one of India's leading textile and apparel companies. With expertise in multi-fibre manufacturing, the company has extended its presence in multiple product categories from fabrics to apparels and home textiles. Its brands include Reid & Taylor, Belmonte, S.Kumars, Uniformity By Belmonte, Carmichael House and Stephens Brothers.
Siyaram’s • Siyaram Silk Mills, incorporated in 1978, is a leading producer of blended fabrics in India. • The company is one of the most renowned vertically integrated textile companies in the country. It operates the widest range of latest machinery in its eco-friendly plants at Tarapur, Daman and Mumbai. The company earned US$ 247.75 million in revenues in 2015-16.
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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 Use of chemical fertilisers in Maharashtra petrochemical hubs, while Thane, Mumbai, Pune and Wardha are Total input Per hectare chemical hubs. Year (‘000 tonnes) consumption (kg)
Opportunities primarily exist in the areas of polymers & plastics, 2011-12 65.8 155.2 fertilisers and synthetic yarns. Key competitive strengths of the state in 2012-13 54.7 116.1 this industry are the strong upstream and downstream linkages for raw materials and products. Bombay High accounts for over 50% of the 2013-14 59.9 119.4 country's oil & gas production. In August 2015, Indraprastha Gas Ltd invested US$ 31.51 million in Maharashtra Natural Gas Ltd (MNGL). The 2014-15 60.13 125.9 purpose of the investment is to enhance the city gas distribution 2015-16 58.25 107.0 business of the company in Maharashtra.
As of August 2015, the state government announced plans to establish a Source: Commissionerate of Agriculture, GoM, grid-connected canal top solar power project in the state at Jalgaon. The Economic Survey 2015-16 project will feature a 7.5 MW solar photovoltaic power plant which will be established on the left bank canal of the dam. As per the new energy Under the State Budget 2016-17 the government has policy of the state, the government is planning to establish 14,400 MW of planned an investment of US$ 119.77 million for fresh grid-connected capacity by 2019-20. electricity generation projects. Outlay of UD$ 69.66 million has been set for adding capacity under non- As on March 2016, the state had an installed capacity of 29954.19 MW conventional energy sources. under Thermal energy; 690.14 MW under Nuclear energy; 3331.84 MW under Hydro and 6613.29 MW under Renewable energy sources.
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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’s consolidated revenue from operations stood at US$ 12 billion in 2015-16. 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$ 945.6 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$ 28.57 billion in 2015-16. 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$ 16.33 billion between April 2015-September 2015. BPCL has a refinery in Mumbai.
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’s standalone revenues was US$ 45.23 billion for 2015-16. 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.
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KEY INDUSTRIES – AUTO AND AUTO COMPONENTS … (1/3)
Maharashtra accounts for approximately 35.1% of the As of August 2016, Mahindra Intertrade, a part of Mahindra country’s output of automobiles by value. Group entered into a partnership with MSTC, a Government The major automobile centres in the state include Pune, of India enterprise, to set up the country's first auto Nasik, Aurangabad and Nagpur. shredding and vehicle recycling unit. Gujarat and Pune is the largest auto hub of India with over 4,000 Maharastra have been short listed for setting up the facility, manufacturing units in the Pimpri-Chinchwad region with the operations likely to commence by early 2018. alone. Pune is home to large players like Bajaj Auto Limited, Daimler Chrysler Limited, Tata Motors, etc. Automotive hubs in Maharashtra Nasik is home to one of India's largest multi-utility vehicle manufacturers – Mahindra & Mahindra Limited. In September 2015, Maharashtra government received an application from Mercedes Benz, regarding an investment plan of US$ 305.53 million to upgrade its manufacturing capacity at Pune plant, which manufactures around 40,000 to 80,000 units of luxury cars per year. The domestic utility maker Mahindra has been planning to invest US$ 1.22 billion for enlarging its automotive or manufacturing plants in Maharashtra. Investment of US$ 992.98 million will be made at the company’s Nashik plant and while, investment of US$ 229.15 million would be done in the Chakan unit. The total amount will be invested by Mahindra over a span of more than seven years.
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KEY INDUSTRIES – AUTO AND AUTO COMPONENTS … (2/3)
As of July 2015, the Maharashtra state government Investment opportunities in the auto sector announced plans to finalise the deal with Chrysler for Partnership and alliances for auto component setting up a jeep production facility at Ranjangaon in sector Aurangabad. The overall investment expected in the Vehicle retailing first year is US$ 281.88 million and US$ 563.69 million Low cost vehicles is to be invested over the next six years. Cvs to benefit from increasing infrastructure activity and heightened international interest ARAI, India's premier automotive R&D, testing and Diversification in two wheeler segment certification organisation is in Pune. It is India’s first Auto Cluster Development and Research Institute is in Design centers Maharashtra. Auto financing R&D
Category wise numbers of a few categories of motor vehicles on the road in Maharashtra
Vehicle Type 2015 2016(1)
Motor-cycles, scooters & mopeds 18,151,386 19,705,511 Taxi cabs 203,180 217,062 Auto rickshaws 719,341 724,080 Ambulances 13,625 14,295 School buses 27,046 22,402 Private service vehicles 11,163 11,640
Source: Economic Survey, 2015-16, ARAI - Automotive Research Association of India Note: 2016(1): till January 2016 MARCH 2017 For updated information, please visit www.ibef.org 63 MAHARASHTRA GATEWAY TO INDIA
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 turnover of US$ 3.46 billion in 2015-16. 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 Tata Motors Ltd automotive brands Jaguar and Land Rover in 2008. The company is the world’s fourth-largest truck and bus manufacturer. Net revenue of the company was US$ 12.32 billion in 2015-16. • 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).
Force Motors Ltd • 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). • Matador was a popular LCV manufactured by Force Motors. The company has a manufacturing unit in Pune. The company generated consolidated income of US$ 467 million in 2015-16.
Mahindra and Mahindra • Mahindra and Mahindra is one of the major auto manufacturers of India. The company generated US$ Ltd 17.75 billion of income from operations in 2015-16. • The company’s products include tractors, SUVs and LCVs. It has manufacturing facilities at Mumbai, Pune, Nagpur and Nasik.
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KEY INDUSTRIES – TOURISM … (1/2)
Maharashtra is a major trade and tourist destination of India, attracting Tourist arrivals in Maharashtra (million) thousands of tourists from across the world every year. It is the fourth most visited state of India. 107.81 98.50 86.85 There are many temples in Maharashtra, some of them being hundreds of 77.50 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 2012-13 2013-14 2014-15 2015-16 the largest number of films globally. Maharashtra has a score of pilgrimage destinations, ranging from the ones that revolve around Source: Ministry of Tourism, Government of India 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.
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KEY INDUSTRIES – TOURISM … (2/2)
In 2014-15, 94.12 million domestic tourists and 4.38 million foreign tourists visited the state of Maharashtra, whereas, in 2013-14, 82.7 million domestic tourists and 4.15 million foreign tourists visited Maharashtra. During 2015, 103.43 million domestic tourists and 4.31 million foreign tourists visited the state of Maharashtra.
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 and enhancing the application process efficiency. An amount of US$ 43.53 million was allocated by the government to boost basic amenities being provided across tourist spots.
As per 2016-17 budget, the state government announced the following plans : ➢ Aurangabad has been affirmed as a tourist district in the state and the government has decided to offer special attention towards the uplifting of tourism in Verul, Sulibhanjan, Mhaismal and Khultabad. ➢ The state government is also undergoing various steps for improving safety measures across the beaches for ensuring security of people.
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EMPLOYMENT OPPORTUNITIES & EMPOWERMENT
Till October 2015, a total of 454 mega projects were sanctioned by the state government with an outlay of US$ 54.18 billion. Due to these projects, employment opportunities for a total of 3.88 lakh 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$ 624.80 million till September 2016.
As per budget 2016-17, 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$ 12.22 million, of which US$ 422.95 million is towards the central share and US$ 107.69 million is towards the state share. These schemes are being executed in the state for providing the required job opportunities across rural areas.
Source: State Budge 2016-17, Economic Survey, 2015-16
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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.
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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
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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
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KEY INVESTMENT PROMOTION OFFICES … (1/3)
Agency Description Contact information
The work of the Directorate of Industries, Maharashtra state, Development Commissioner of is mainly confined to the development and progress of large- Industries scale, small-scale and cottage industries in the state. The Government of Maharashtra Department of Industries was reorganised and the Directorate of Industries Directorate of Directorate of Industries was formed in August 1960. Control New Administrative Building, Industries of cottage industries was transferred to the Directorate of 2nd Floor, Opposite Mantralaya, Industries with effect from 1st December, 1960. Mumbai Maharashtra-400 032 It also assists in the formulation and implementation of Phone: 91-22-22028616 various policies and promotional schemes. [email protected]
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KEY INVESTMENT PROMOTION OFFICES … (2/3)
Agency Description Contact information
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 Krushi Udyog Bhavan Maharashtra Agro rates. Dinkarrao Deasi Marg, Aarey Milk Industries Colony Maharashtra Agro Industries Development Corporation Goregaon (East), Mumbai- Development Limited (MAIDC) has also been designated as the state 400065, Maharashtra, India Corporation Limited nodal agency by Ministry of Food Processing Industries, Phone: 91-22-29272027 (MAIDC) Government of India. In its role as state nodal agency, it Email: [email protected] scrutinises & forwards various proposals of entrepreneurs Website: www.maidcmumbai.com under different schemes of assistance from the Government of India. It also helps entrepreneurs in preparing projects, selecting the area, etc.
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KEY INVESTMENT PROMOTION OFFICES … (3/3)
Agency Description Contact information
1. MIDC’s objectives are:
a) To achieve balanced industrial development of Maharashtra with an emphasis on developing parts and underdeveloped parts of the state. Udyog Sarathi Mahakali Caves Road, Andheri (E) Maharashtra b) Help in infrastructural development of each and every Mumbai-400 093 Industrial district in Maharashtra. Phone: 91-22-26870052/54/73 Development Fax: 91-22-26871587 c) Facilitate entrepreneurs in setting up industries at Corporation (MIDC) Email: [email protected] various locations. Website: www.midcindia.org 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.
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KEY APPROVALS REQUIRED … (1/2)
Approvals and clearances required Respective departments
Prior to setting up the unit
Registration Development Authority Allotment of land/shed
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 Central and State Excise Departments Registration under Central Sales Tax Act, 1956
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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 Pollution Control Board No-objection certificate Fire Department Permanent Trade Tax registration under Central Sales Tax Act, 1956 Central and State Excise Departments Registration under Central Sales Tax Act, 1956 After commencement of production/activity Registration Industries Department
Timelines for approvals and clearances Department Timeline Issuance of allotment order 15 days Possession of plot/shed 7 days Building plans approval 15 days Grant of water connection 10 days Urban land ceiling permission 10 days
Source: Economic Survey of Maharashtra 2014-15
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COST OF DOING BUSINESS IN MAHARASHTRA
Cost parameter Cost estimate Source
Commercial: US$ 0.2 to US$ 1,158.3 Maharashtra Industrial Development Land (per sq m) Industrial: US$ 0.2 to US$ 579.2 Corporation (MIDC)
Domestic: 4.5-16 cents Commercial: 11.7-23.5 cents Power (per kWh) Economic Survey 2015-16 Agricultural: 4.3 cents Industrial: 8.8-19.97 cents Ministry of Labour and Employment, Labour (per day) US$ 1.2 to US$ 6 Government of India, Wage Rates July 1, 2015 to Dec 31, 2015
5-star hotel room (single Maharashtra Tourism Development US$ 97-US$ 220 occupancy, per night) 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 10th as per the Ease of Doing Business Index.
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STATE ACTS & POLICIES … (1/5)
Maharashtra Tourism Policy 2016
• Designate Tourism as a priority sector since it holds the potential to usher in economic development and generate high employment opportunities in Maharashtra. Objectives • 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 2025. • 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 Objectives 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
Objectives • 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
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STATE ACTS & POLICIES … (2/5)
Organic Farming Policy 2013
• To promote and encourage organic farming in Maharashtra by allocating a minimum 10% of the Objective 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 2013-2018
Objectives • To attract investment of US$ 82.946 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 2013-2018
Objective • 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
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STATE ACTS & POLICIES … (3/5)
Textile Policy of Maharashtra, 2011–17
Objective • 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 - 2011
Objective • 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
State Port Policy 2010
Objective • 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
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STATE ACTS & POLICIES … (4/5)
Tourism Policy 2006
Objective • 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
Objectives • 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
Objectives • 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 Read more • To provide free education and entertainment facilities
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STATE ACTS & POLICIES … (5/5)
Water Policy 2002
Objective • 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
Maharashtra Biotechnology Policy 2001
Objective • 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
Objective • 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
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CONFERENCES/SUMMITS FOR 2016-17…(1/2)
Summit Venue of Summit Date
International Summit on Engineering and Technology (ISET-16) Mumbai 13th August, 2016
International Conference on Networking, Communication and Computing Nashik 14th August, 2016 Technology (ICNCCT-16)
World Conference on Advanced Trends Robot Design, Development Pune 27th August, 2016 And Control (WCRDDC-16)
International Conference on Applications in Electrical, Electronics, Aurangabad 4th September, 2016 Computer , Civil and Mechanical Engineering (ICEECCME-16)
Source: India conference alerts MARCH 2017 For updated information, please visit www.ibef.org 82 MAHARASHTRA GATEWAY TO INDIA
CONFERENCES/SUMMITS FOR 2016-17…(2/2)
Summit Venue of Summit Date
International Conference on Research in Mechanical, Robotics and Civil Mumbai 11th September, 2016 Engineering (ICRMRCE-16)
International Conference on Research in Mechanical, Robotics and Civil Mumbai 2nd October, 2016 Engineering (ICRMRCE-16)
International Conference on Electrical, Electronics, Computer , Civil and Mumbai 6th November, 2016 Mechanical Engineering (ICEECCME-16)
Source: India conference alerts
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ANNEXURE
Average exchange rates
Year INR equivalent of one US$
2005-06 44.14
2006-07 45.14
2007-08 40.27
2008-09 46.14
2009-10 47.42
2010-11 45.62
2011-12 46.88
2012-13 54.31
2013-14 60.28
2014-15 60.28
2015-16 65.46
2016-17 67.23
Source: Reserve Bank of India
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