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For updated information, please visit www.ibef.org March 2018 Table of Content

Executive Summary .…………….….…….3

Advantage Maharashtra ………………….5

State Vision ………………………………..6

Maharashtra – An Introduction …….…….7

Annual Budget 2018-19 …………...……20

Infrastructure Status ...... 21

Business Opportunities …….………...…39

Doing Business in Maharashtra ………..68

State Acts & Policies …….………...... …77 EXECUTIVE SUMMARY … (1/2)

Highest contribution to . Maharashtra’s GSDP at current prices was US$ 336.4 billion in 2016-17 and accounted for 14.8 per cent of India’s GDP India’s GDP, the highest among all states.

. Total FDI in the state during April 2000 to December 2017 stood at US$ 113.82 billion1, the highest among all Highest FDI in India states in India.

Largest Container Port . Jawaharlal Nehru Port is the largest port in India in terms of container traffic. During 2017-18 (up to February 2018), the port handled 59.876 million 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. , another major city in the state, educational hub has emerged as the educational hub.

Source: Central Statistics Office, Socio Economic Survey of Maharashtra, 2017-18, Department of Industrial Policy & Promotion, Indian Port Association, 1Including Daman & Diu and Dadra & Nagar Haveli

3 MAHARASHTRA For updated information, please visit www.ibef.org EXECUTIVE SUMMARY … (2/2)

Significant production of . Maharashtra is one of the largest producers of sugarcane and pomegranate in the country. Sugar production sugarcane and is expected to reach 7.34 million tonnes in 2017-18. During 2016-17, the production of pomegranates was pomegranate recorded to be 1.44* million tonnes.

. Maharashtra is the most industrialised state in India and has maintained the leading position in the industrial Industrial powerhouse sector in the country. The state is a pioneer in small scale industries and boasts of the largest number of special export promotion zones. The state has 19.3 per cent of overall manufacturing GSDP.

Strong cotton production . Maharashtra is among the leading producers of cotton in India. The state produced 8.9 million bales of cotton during 2016-17.

Source: As per 1st advance Estimates Source: Ministry of Agriculture, News Articles, Economic Survey 2015-16

4 MAHARASHTRA For updated information, please visit www.ibef.org ADVANTAGE: MAHRASHTRA

2016-17 Trade and commerce hub of India Policy incentives 2016-17

. The city of Mumbai is known as the trade and . The Government of Maharashtra has several policies commerce capital of India. It is also the financial centre in place to set up the right kind of business climate. GSDP of the of India. . These policies aim to motivate investors to invest into Per capita state was various sectors in the state, thereby contributing to the . Maharashtra has emerged as a key hub for IT and GSDP was US$ 336.4 ITeS, electronics and captive business outsourcing overall development of the economy. US$ 2,802 billion industries.

Advantage Maharashtra

Rich pool of skilled labour Facilitating infrastructure

. The state has a well developed social, physical and . Maharashtra has a literacy rate of 82.3% and is home industrial infrastructure. Apart from four international to world class educational and IT institutions. and seven domestic airports, the state has two major . The state has a large base of skilled and industrial and 53 minor ports. It also has a well developed power labour, making it an ideal destination for knowledge supply grid. based and manufacturing sectors. . Maharashtra's infrastructure sector has grown significantly over the last decade, with a substantial rise in the number of industrial clusters and Public Private Partnership (PPP) projects.

Source: Government of Maharashtra

5 MAHARASHTRA For updated information, please visit www.ibef.org STATE VISION

. Focus on growth of the manufacturing . Establishing technical universities sector. for skill development. . Creating conducive growth . Providing scholarships to pursue environment. professional courses.

Industrial sector Skill development . Promoting sustainable development . US$ 50.6 billion allocated to in agriculture by integrating schemes accelerate economic growth by of water shed development, use of implementing specially designed technology, enhancing processing growth oriented policies. capacity and skill development. Agriculture Vision GSDP growth

. Promotion of agri-business through PPP for Integrated Agricultural Development (PPP-IAD) and develop market linkages of horticulture. Tourism Infrastructure

. Promote religious, adventure and heritage tourism. . 6,026 km of national highway projects. . Training workers in the organised . Developing ports by investing and unorganised sectors related to approximately US$ 2.4 billion. tourism.

Source: Confederation of Indian Industry

6 MAHARASHTRA For updated information, please visit www.ibef.org MAHARASHTRA FACT FILE

. The most commonly spoken language in the state is Marathi. Konkani, Hindi and English are the other prominent languages.

Parameters Maharashtra

Capital Mumbai

Geographical area (lakh sq. km) 3.08

Administrative districts (No) 36 Source: Maps of India Population density (persons per sq. km) 365 . Maharashtra is situated in the western region of the country. The state shares borders with Gujarat, Madhya Pradesh, Chhattisgarh, Total population (million) 118.1 Andhra Pradesh, Karnataka, and the Union Territory of Dadra and Nagar Haveli. On its west is the Arabian Sea. Male population (million) 61.2

. Mumbai, Pune, Nagpur, Thane, Nasik, , Kolhapur, Sangli, Female population (million) 56.9 Aurangabad, Amravati and are some of the major cities of Maharashtra. Sex ratio (females per 1,000 males) 929 . India's main stock exchanges, capital market and commodity exchanges are located in Mumbai. Literacy rate (%) 82.3

Source: National Portal of India, Economic Survey 2015-16

7 MAHARASHTRA For updated information, please visit www.ibef.org 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

GSDP growth rate (%) 9.9 8.71 Central Statistics Office

Per capita GSDP (US$) 2,545 1,546 Central Statistics Office

Physical Infrastructure

Installed power capacity (MW) 42,356.85 334,146.91 Central Electricity Authority, as of February 2018

Telecom Regulatory Authority of India, as of Wireless subscribers (No) 130,136,065 1,1,151,936,422 January 2018 Telecom Regulatory Authority of India, as of Internet subscribers (million) 58.34 445.95 December 2017 NHAI, Roads and Building Department-Government National highway length (km) 15,436 115,435 of India

Major and minor ports (No) 2 + 53 13+187 India Ports Association 2016

Airports (No) 11 125 Airports Authority of India

Note: Telecom Regulatory Authority Of India , Central Electricity Authority.

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Parameter Maharashtra All states Source

Social Indicators

Literacy rate (%) 82.3 73.0 Census, 2011

Birth rate (per 1,000 population) 15.9 20.4 SRS Bulletin, September 2017

Investment

Department of Industrial Policy & Promotion, April Cumulative FDI equity inflows (US$ billion)1 113.82 367.93 2000 to December 2017

Industrial Infrastructure

DEA , Ministry of Finance, Government of India, Operational PPP projects (No) 1,144 9,068 February 2018 Ministry of Commerce & Industry, Department of Operational SEZs (No) 28 222 Commerce, December 2017

Note: 1Combined FDI inflows for Maharashtra, Dadra & Nagar Haveli and Daman & Diu, PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System

9 MAHARASHTRA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – GSDP

GSDP of Maharashtra at current prices (in US$ billion) Per capita GSDP (US$)

400.0 2,900.0 CAGR 3.03% CAGR 4.26%

350.0 2,800.0

300.0 2,700.0

2,802

336.4

250.0 2,600.0

303.5

295.4

273.7 200.0 273.1

268.8 2,500.0 2,558

150.0 2,400.0

2,520

100.0 2,300.0

2,414 2,362

50.0 2,200.0 2,347

0.0 2,100.0

2015-16 2011-12 2012-13 2013-14 2014-15 2016-17

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

. At current prices, GSDP* of Maharashtra was US$ 336.4 billion . The state’s per capita GSDP^ at current price was US$ 2,802 in 2016-17. in 2016-17. . GSDP of the state grew at a CAGR of around 4.26% from . The per capita GSDP of Maharashtra grew at a CAGR of 2011-12 to 2016-17. 3.03% between 2011-12 and 2016-17.

Note: GSDP - Gross State Domestic Product, CAGR – Compound Annual Growth Rate, GSDP* - Socio Economic Survey of Maharashtra, 2017-18, Per Capita GSDP^ - calculated using GSDP million US$/ Population in million Source: Central Statistics Office, “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra

10 MAHARASHTRA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – NSDP

NSDP of Maharashtra at current prices (in US$ billion) NSDP per capita of Maharashtra at current prices (in US$)

CAGR 3.04% 350.00 2,500

CAGR 4.27%

300.00 2,400

24.67

250.00 2,300

296.14

200.00 2,200

267.53

257.93

240.34

240.31

22.55 236.09

150.00 2,100

2,200

100.00 2,000 2,124

2,074 2,062 50.00 1,900

0.00 1,800

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

. At current prices, NSDP# of Maharashtra was US$ 296.14 . At current price, the state’s per capita NSDP was US$ billion in 2016-17. 2,466.70 in 2016-17. . Maharashtra’s NSDP# grew at a CAGR of around 4.27% from . The per capita NSDP of Maharashtra grew at a CAGR of 2011-12 to 2016-17. 3.04% between 2011-12 and 2016-17.

Note: NSDP - Net State Domestic Product, CAGR – Compound Annual Growth Rate, NSDP# - Geometric mean of YoY calculation from 2011-12 to 2016-17 , per capita NSDP& - calculated using NSDP million US$/Population in million , Socio Economic Survey of Maharashtra, 2017-18. Source: Central Statistics Office, Based on “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra

11 MAHARASHTRA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSDP

. Over 2016-17, the tertiary sector contributed 56.04 per cent to the Percentage distribution of GSDP state’s GSDP at current prices, followed by the secondary sector with a contribution of 28.63 per cent. 100% CAGR . At a CAGR of 13.6 per cent, the tertiary sector has been the fastest 51.07% 56.04% growing among the three sectors from 2011-12 to 2016-17. Growth 90% was driven by trade, hotels, real estate, finance, insurance, transport, 80% 13.6% communications and other services.

. The secondary sector grew at a CAGR of 9.8 per cent between 70% 2011-12 and 2016-17. The growth in secondary sector was driven by 60% growth in manufacturing, construction and electricity, gas & water supply industries. 50% 30.88% . The primaryµ sector expanded at a CAGR of 7.9 per cent between 40% 28.63% 2011-12 and 2016-17. Agriculture is the major contributor in the 9.8% growth of the primary sector followed by forestry and fishing. 30%

. The World Bank in January 2017 announced that it will fund the state 20% Government project named Climate Resistant Agriculture to reclaim 18.05% 500,000 hectares saline lands, spread in 1,000 villages. The World 10% 15.33% 7.9% Bank will contribute US$ 416.48 million out of the US$594.97 million 0% for the joint project. 2011-12 2016-17

Primary Sector Secondary Sector Tertiary Sector

Note: Sector-wise % share of GSDPµ -Geometric mean of YoY calculation from 2011-12 to 2016-17 Source: Central Statistics Office, Based on “Advanced Estimates” provided by Directorate of Economics and Statistics of Maharashtra, Government of Maharashtra.

12 MAHARASHTRA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION … (1/2)

Crop . Sugarcane, cotton, onion, soya bean, banana, jowar (sorghum) & Annual Production (2017-18) Kharif Rabi rice are some of the key agricultural products of Maharashtra. (‘000 MT) (tentative)

. Total food grain production in the state stood at around 17.23 million Sugarcane 67,863 - tonnes in 2016-17. Soya bean 3,886 - . In July 2017, the state government extended the date to disburse an Groundnut 260 - advance payment of US$ 155.21 to farmers as financial assistance to the needy farmers till August 31, 2017. Sunflower 7 4 Jowar 417 1,510 . As per the Agriculture Marketing and Farmer Friendly Reforms Index, the state secured the top position in pursuing farmer friendly Rice 2,661 - policies during 2016. Wheat - 1,208 Area (‘000 hectares) and production (‘000 MT) of horticulture Bajra 616 - crops in Maharashtra Maize 2,977 473

25000.0 Cotton (Lint) 6,049 -

20000.0

Other Oilseeds 1 -

24277.0

15000.0 24265.2 Other Cereals 19 1

21668.7

20755.4

10000.0 19719.8

18378.3 Other Pulses 54 43

2649.2 2651.2 2380.2

5000.0 1673.9 1726.9 1522.3 Total Food grains 8,163 5,117 0.0 Total Oilseeds 4,163 24

Total Cereals 6,784 3,193

2016-17 2012-13 2013-14 2014-15 2015-16 2017-18* Area Production Total Pulses 1,379 1,924

Source: Socio Economic Survey of Maharashtra, 2017-18, Indian Horticulture Database

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. An amount of US$ 63.81 million has been allocated to the state for Sugarcane production in Maharashtra (million MT) 2017-18, under the National Agricultural Development Scheme

(RKVY). 100.00

. The state government also proposed establishment of organic 80.00

60.00 91.53

farming research & training centres across four universities related to

86.73

81.90

agriculture for the endorsement of organic farming in the state. 40.00 75.38

69.65

69.23

67.86 64.16

20.00 54.24 . During 2016-17, the state recorded production of 5,851.30* 0.00

thousand MT of onion.

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Vegetable production in Maharashtra (‘000 MT) 2017-18*

Vegetable 2013-14 2014-15 2015-16 2016-17# Sugar production in Maharashtra (million MT) Onion 5,864 5,361 6,529 5851

12.0 Potato 370 370 251 543

10.0 Tomato 1,200 1,200 977 977

8.0 10.5

8.0 7.7

6.0 7.7

7.3

9.1 9.0 Production of pomegranates in Maharashtra (‘000 MT) 7.0 4.0

2013-14 945 5.0 2.0 2014-15 1,313 0.0

2015-16 1,486

15 10 11 12 13 14 16 17

18F

2014- 2009- 2010- 2011- 2012- 2013- 2015- 2016- 2017- 2016-17* 1,437

Note: # As per 1st advance estimates, F – Forecast, * 2nd advance estimates Source: Department of Agriculture & Co-operation, Ministry of Agriculture, Socio Economic Survey of Maharashtra, 2017-18

14 MAHARASHTRA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – FDI INFLOWS & INVESTMENTS

. According to the DIPP, cumulative FDI inflows1 in the state of FDI equity inflows1, 2008-09 to 2017-18 (US$ million) Maharashtra during April 2000 to December 2017 stood at US$ 113.82 billion.

20,000

. In 2017, 354 investment intentions worth US$ 7.46 billion have been 15,000

proposed in the state, making up 12.29% of all the proposals in India.

19,654

10,000 6,097 6,361 6,361 3,420

5,000 12,431

11,541

9,553

9,511

8,249

-

Approved and commissioned industrial projects for major

2008-09 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Industries (August, 1991 to December, 2017) 2009-10

Industry Approved proposals Commissioned projects

No. Investment (US$ billion) No. Investments (US$ billion)

Metallurgical 1,938 15.77 956 5.80

Chemicals & fertilizers 2,917 10.58 1,426 3.93

Textile 2,073 8.67 974 2.94

Electrical & electronics 1,236 4.55 708 1.43

Sugar 1,584 6.28 258 1.38

Processed food 1,123 4.01 479 1.19

Note: 1Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu Source: Department of Industrial Policy & Promotion, Economic, Maharashtra Socio Economic Survey 2017-18

15 MAHARASHTRA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – MAHARASHTRA’S EXPORT TRENDS…(1/2)

. In FY18(1), Maharashtra’s exports totalled to around US$ 27.9 billion. Exports trends (US$ billion) . Major products exported from the state are gems & jewellery, petrochemicals, readymade garments, cotton yarn, metal & metal 90.0 products, agro-based products, engineering items, drugs &

pharmaceuticals and plastic & plastic items. 80.0

. Maharashtra is the largest producer of sugar in India. In May 2015, 84.0

the Government of Maharashtra, approved a subsidy of US$ 16.7 70.0

73.9

per ton (up to the extent of 800,000 tonnes) for the exports of raw

72.1 67.6

sugar. 69.8 66.7

60.0 66.6 . In November 2015, Maharashtra sugar mills entered into a deal with

neighbouring markets such as Sri Lanka and Bangladesh, etc., for 50.0

exporting 2 lakh MT of white sugar. 48.1 40.0 49.15 . Coca Cola, a major soft drink producing giant will be procuring oranges from Vidarbha, Nagpur for producing juices, that would be 30.0

sold worldwide. The production would take place at its Butibori plant

20.0 27.9

10.0

0.0

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18(1)

Note: (1) up to November 2017 Source: Socio Economic Survey of Maharashtra, 2017-18

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Maize exports from Maharashtra (‘000 MT) Pulses exports from Maharashtra (‘000 MT)

900 300 800 284 700 768 250 600 664 655 200 500 526 400 150 176 157 300 142 150 322 100 200 78 100 103 50 0

0

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

2012-13 2011-12 2013-14 2014-15 2015-16 2016-17

Dairy product’s exports from Maharashtra (thousand MT)

50.0 39.5 40.0 30.0 21.8 20.0 11.2 6.0 7.1 10.0 4.7

0.0

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Source: APEDA,

17 MAHARASHTRA For updated information, please visit www.ibef.org STATE BUDGET 2018-19

Department Expenditure (US$ billion)

School Education 7.96

Urban Development 4.99

Rural Development and Water Conservation 2.57

Home 2.11

Water Resources 1.90

Industries, Energy and Labour 1.83

Tribal Development 1.73

Public Health 1.88

Others 1.83

Note: Exchange rate = Converted using 1USD= Rs 64.74 Source: PRS Maharashtra Budget 2018-19.

18 MAHARASHTRA For updated information, please visit www.ibef.org PHYSICAL INFRASTRUCTURE – ROADS … (1/2)

Sanctioned length under Central Road Fund in Maharashtra . The state is well connected to its six neighbouring states and other (kms) parts of India through 18 national highways. The 94.5 km long Mumbai-Pune expressway is India's 1st 6-lane, concrete, high 10000 speed, tolled expressway, which connects the state capital & financial hub, Mumbai, with the neighbouring industrial hub, Pune.

1000

. In December 2015, the state government approved an elevated road

project on Ghodbunder Road from Gaimukh for a proposed 100 1234 977.87 investment of US$ 132.7 million. As of December 2017, construction 257 of the road is being fast-tracked with the Thane civic body working 10 overtime to get the basics in place. . The state government plans to construct a new proposed 8-lane 1 highway, between Mumbai & Nagpur, in which concept of land

pooling will come into play. The project is worth US$ 6.84 billion and

2015-16 2016-17 would be requiring 10,000 hectares of land. 2014-15 . In June 2017, the state government approved numerous projects for boosting the development in cities like Mumbai, Thane and Pune. Projects approved include Versova-Bandra Sea Link worth US$ Road length (km) 1.12 billion, Thane creek bridge-3 worth US$ 115.36 million, Road type (as of 2016-17) widening of the Mumbai-Pune Expressway to 8 lanes from the existing 6 lanes between & Khalapur worth US$ 713.61 National highways 12,275 million and many more. . Moreover, The Maharashtra State Road Development Corporation State highways 34,450 (MSRDC), plans to construct a 1.8 km six-lane third bridge at Vashi Major district roads 52,637 with a budget of Rs 777 crore (US$ 120 million). Other district roads 58,116

Village roads 145,881

Source: Socio Economic Survey of Maharashtra, 2017-18, NHAI, News Articles

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. Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in Expenditure on road works under Pradhan Mantri Gram Sadak 2000 with the objective of connecting eligible rural habitants. For the Yojana in Maharashtra (US$ million)

year 2017-18, PMGSY has set target to connect 8,808 habitations by

constructing a road length of 27,207 km. A length of 25,665 km has 70.0 63.6 been constructed by connecting 8,584 habitations by November, 60.0 2017. 50.0 . In November 2015, the 785-meter long Vanjarpatti flyover in 40.0 Bhiwandi was inaugurated and constructed over a part of extended

Mumbai Urban Infrastructure Project (MUIP) 30.0

. As per budget 2017-18, the state government proposed an outlay of 20.0

US$ 15.38 million for acquisition of land, special subsidy package, 10.5

10.0 5.7 3.9 etc. under the MIHAN project. 0.0 . In October 2017, the state government approved construction of

10,000 km under a revamped Hybird Annuity Model. Under the 18*

2017-

2016-17 2015-16 tweaked model the state government will release 60 per cent of the 2014-15 funds in the first two years instead of the earlier 40 per cent, and the payment tenure for the rest amount will be 15 years instead of 10 years. Pradhan Mantri Gram Sadak Yojana (PMGSY) (up to January 2018)

Habitations connected 1282

Length completed (km) 25,672.87

Note: * - As of October 2017. Source: Socio Economic Survey of Maharashtra, 2017-18

20 MAHARASHTRA For updated information, please visit www.ibef.org PHYSICAL INFRASTRUCTURE – RAILWAYS

. The rail transport system of Maharashtra is very well developed. The . The government in February 2017, has sanctioned construction of 7 state is well-connected to other parts of the country with a railway new railway lines & several other projects, including Chhatrapati network spanning 6,103 km (including 378 km of Railway). Shivaji Terminus-Panvel fast elevated corridor, worth US$4.64 . Central Railways has introduced special superfast weekly trains to billion. Shirdi from Lokmanya Tilak Terminus and Dadar stations. Metro/mono rail projects . During 2015-16, the state government initiated work on the stage of Project Current status Phase-I CBD Belapur-Pendhar-Taloja MIDC-Kalamboli- Mumbai Metro Rail Project cost (US$ /implementation Khandeshwar-Navi Mumbai International Airport corridor, which is million) period expected to be accomplished by 2017. Work on the 11.1 km long Phase IIA : Dahisar-D.N. 32 per cent 979.22 Belapur-Pendhar road is under progress. Nagar (18.6 km) completed . As per budget 2017-18, the state government allocated US$ 109.2 Phase III: Colaba-Bandra- Civil works in 3,534.37 million for boosting the execution of Nagpur to rail SEEPZ (33.5 km) progress project and for the further development of Mumbai Metro line. Phase IV: Wadala-Ghatkopar- Tender process in 2,917.81 . A total of US$ 1.61 billion was raised for the Mumbai Urban Thane-Kasarwadavli (32 km) progress Transport Project III (MUTP III) which includes development of an Phase VII: Andheri (E)- 40 per cent civil works elevated link between Airoli and Kalwa, helping passengers to avoid 948.37 interchanging at Thane. Dahisar (E) (16.5 km) completed Nagpur & Pune Metro Rail . The government has passed resolution to form Maharashtra Railway Project Infrastructure Development Company Ltd (MRIDC), being a joint Nagpur metro : North-South Construction partnership between state government & Railway Ministry. 1,341 corridor, East-West corridor underway . Under Union Budget 2018, Central Ministry allocated Rs 11,000 Pune metro: Chichwad to Construction crore (US$ 1.7 billion) to enhance Mumbai city’s train system and 1,764 construct more 90 km of double line rail in Mumbai suburban. Swargate, Vanaz to Ramwadi underway . CIDCO is constructing the first phase of elevated Metro Rail from Mumbai Mono Rail Project CBD Belapur-Pendhar, total length of 11.10 km, with overall Wadala to Chembur & Sant Phase I: complete, estimated cost of Rs 3,063.63 crore (US $ 473 million). Gadge Maharaj Chowk Phase II: To 375.80 (Jacob circle) to Wadala (20 commence in January Source: Socio Economic Survey of Maharashtra, 2017-18, State Budget 2016-17, MMRDA: Mumbai Metropolitan Region Development Authority, News Articles. km) 2018

21 MAHARASHTRA For updated information, please visit www.ibef.org PHYSICAL INFRASTRUCTURE – AIRPORTS … (1/2)

. There are seven domestic and four international airports functioning in Maharashtra. Domestic flights operate from Mumbai, Pune, Nagpur, Aurangabad, Kolhapur, Juhu and Nanded, whereas international flights operate from Mumbai, Nagpur, Pune and Aurangabad. Mumbai airport is one of the busiest airports in India. . During 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. The first phase of the project is expected to be executed by 2019. . As per budget 2017-18, the state government proposed an amount of US$ 7.6 million for the enhancement of airports (Solapur, Shirdi, Chandrapur, Karhad, Akola, Amaravati, etc) under the Airport Development Authority of Maharashtra. . In May 2017, the Mumbai airport received environmental clearance for US$ 520.6 million expansion plan, which will allow it to ferry 50 million passengers by 2020.

International airport

Domestic airport

Source: AAI (Airports Authority of India)

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Domestic Passengers (‘000 thousand) Aircraft movement (‘000) Freight (‘000 MT) airport

2014-15 2015-16 2016-17 2014-15 2015-16 2016-17 2014-15 2015-16 2016-17

Mumbai 252.1 300.5 327.1 195.4 220.2 224 207.7 209.0 234.9

Pune 40.7 51.8 65.1 32.6 38.7 44.6 27.4 31.8 34.6

Nagpur 13.6 15.2 17.8 13.5 12.6 14.6 5.6 6.0 6.7

Aurangabad 4.2 2.9 3.2 4.1 3.7 3.8 1.3 1.4 1.43

International Passengers (l’000 thousand) Aircraft movement (‘000) Freight (‘000 MT) airport

2014-15 2015-16 2016-17 2014-15 2015-16 2016-17 2014-15 2015-16 2016-17

Mumbai 114.30 116.24 124.4 74.09 76.38 80.56 486.54 496.24 547.37

Pune 1.01 2.40 2.56 1.12 2.04 2.12 - 0.01 -

Nagpur 0.44 0.74 1.09 0.54 0.84 1.4 0.44 0.43 0.41

Source: AAI (Airports Authority of India)

23 MAHARASHTRA For updated information, please visit www.ibef.org PHYSICAL INFRASTRUCTURE – PORTS

. Along a coast line of 720 km, there are two principal ports: Mumbai Port Minor ports in Maharashtra Trust (MbPT) and Jawaharlal Nehru Port Trust (JNPT). In addition, there . Harnai . Dahanu are 53 minor ports. During April-November 2017, total traffic handled at . Manori the two major ports in Maharashtra was recorded at 85.59 million tonnes, . Kalyan . Dabhol . Tarapur of which JNPT accounted for 43.26 million tonnes while, Mumbai port handled around 42.33 million tonnes of port traffic. . Thane . Palshet . Nawapur . The non-major ports of Maharashtra collectively handled passenger traffic . Versova . Borya . Satpati of around 8.2 million passengers and cargo of 15.5 million tonnes, during . Bandra . Jaigad . Kelwa-Mahim 2016-17 (up to September 2017). . Tiwri-Varoda . Arnala . Steps have been taken by the Government of Maharashtra for . Trombay development of Rewas port, Vijaydurg port, Redi port, Vadhavan port, . Ulwa-Belapur . Purnagad . Datiware Trombay port and Karanja port through private sector participation. 13 . Jaitapur . Uttan port projects have been sanctioned under Sagarmala for Maharashtra. . Panvel . Mora . Vijaydurg . Bassein Operational ports statistics . Mandwa . Deogad . Bhiwandi For major . Achara . Alibag 2013-14 2014-15 2015-16 2016-17 . Karaja ports . Thal . Malvan . Revdanda Traffic . Niwti . Borli / Mandla handled 121.517 125.46 125.137 125.2 . Rewas (million MT) . Bankot . . Nandgaon For minor . Kelshi . Redi . Murud-Janjira 2014-15 2015-16 2016-17 2017-18* ports . Sriwardhan . Kiranpani . Rajpuri . Ratnagiri . Mandad Traffic handled . Dharamtar 27.3 28.9 34.8 22.8 (million MT) . Kumbharu . Dighi

Note: * : up to November 2017.

Source: India Ports Association, Socio Economic Survey of Maharashtra, 2017-18

24 MAHARASHTRA For updated information, please visit www.ibef.org PHYSICAL INFRASTRUCTURE – POWER

. As of February 2018, the state had a total installed power generation Installed power capacity (MW) capacity of 42,356.85 MW.

. Thermal power contributed 30,358.16 MW to the total installed power 45,000 generation capacity, followed by renewable power, hydropower and

nuclear power with contributions of 7,976.85 MW, 3,331.84 MW and

690 MW, respectively. 40,000

42,357

. The private sector was the biggest contributor to the total installed 41,410

35,000 40,589

thermal power generation capacity in Maharashtra with a capacity of 38,551 13,024.00 MW, followed by 10,842.00 MW under state utilities and

30,000

6,492.16 MW under central utilities. 34,005

. The state government also proposed a new scheme for improving 25,000 30,354

electricity distribution system in the state. As per the budget 2016-17,

an investment of US$ 45.98 million has been projected by the 20,000 26,142 government for this new scheme.

. In May 2017, the state government unveiled a new energy 15,000 22,645.00 conservation policy with the aim to save 1,000 MW of electricity and US$ 933 million. The emphasis of the policy is on use of renewable 10,000 energy and switching to energy efficient methods. Also, it is expected to generate employment for 8,500 people. 5,000

0

2016-17 2010-11 2011-12 2012-13 2013-14 2015-16

2014-15 2017-18*

Note: *As of February 2018 Source: Central Electricity Authority

25 MAHARASHTRA For updated information, please visit www.ibef.org PHYSICAL INFRASTRUCTURE – TELECOM

. According to Telecom Regulatory Authority of India (TRAI), Telecom Infrastructure (As of January 2018) Maharashtra had 130.14 million wireless subscribers and 4.77 1 million wireline subscribers, as of January 2018. Wireless subscribers 130,136,065

. By the end of January 2018, 43,516,077 subscribers had submitted 1 Wireline subscribers 4,766,039 requests for mobile number portability in Maharashtra. Moreover, the

tele-density in Maharashtra stood at 108.03 per cent as of January Internet subscribers* (million) 58.34 2018. Post offices 12,8592

Tele density (in %) 108.03

Source: Telecom Regulatory Authority of India, February 2015, India Post, Ministry of Communications and Information Technology, *As of September 2017, 1 Figure includes Goa Performance status of NOFN project (as of April 2016)

No. of GPs in Phase-I 12,055 Major telecom operators in Maharashtra

. Bharat Sanchar Nigam Limited . Vodafone Essar Pipe laid (km) 14,214 (BSNL) . Reliance Communications (1) . Mahanagar Telephone Nigam Cable laid (km) 29,042 Limited (MTNL) . Tata Teleservices

GPs for which cable laid 12,983(1) . Bharti Airtel . Aircel Limited

. Idea Cellular No. of GPs Lit 150

Source: Telecom Regulatory Authority of India (1) Note: As of December 2017

26 MAHARASHTRA For updated information, please visit www.ibef.org 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 2017-18, the state government allocated US$ 169.2 million for “Maharashtra Suvarn Jayanti Nagrothan Mahaabhiyan”, which is being implemented in the state for creating basic urban amenities across various municipal councils & townships.

. In November 2015, Mahindra Life Space Developers Ltd bought a land in Maharashtra with the objective of developing a housing project aiding urbanisation in the state. In addition, the Maharashtra government is considering to aid the affordable housing concept with opening up of land parcels & plots that would lie under no development zones. For this, the government is planning to constitute Housing for all by 2022 policy for the urban population.

. As per Budget 2017-18, the state government has proposed an outlay of US$ 109.2 million in order to boost the development of metro rail projects in Nagpur, Pune and Mumbai. In Budget 2016-17, 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.

. In April 2017, the state government has decided to support small and marginal farmers by investing US$ 3.78 billion in agriculture and irrigation schemes. All projects undertaken in the allocated budget would be completed in 2017-18, and the irrigation potential generated would be for1.4 million hectares of land.

Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development

27 MAHARASHTRA For updated information, please visit www.ibef.org DEVELOPMENT PROJECTS: URBAN & SOCIAL INFRASTRUCTURE … (2/2)

Urban Infrastructure Projects under JNNURM

Project name Amount (US$ million) Project name Amount (US$ million)

Revised in BSUP scheme for construction Integrated Civic Infrastructure of 219 Dus in Panch Zopda and Gopal 1.76 Development Project (ICIDP) Phase. I, 20.04 Nagar slums in Nagpur, Maharashtra Nagpur, Maharashtra Revised DPR for "Construction of 1,694 Houses at four locations of Nagpur City BSUP scheme for construction of 279 Dus 2.06 for Rehabilitation of Urban/Poor under 19.36 in Jat Tarodi slum in Nagpur,. Maharashtra JNNURM - BSUP- PPP scheme - Nagpur". Implementation of Integrated Housing Revised BSUP scheme for construction of Projects (788 Dus) under BSUP at 456 Dus in 5 slums of North Nagpur in 2.53 Nanded City. Dist. Nanded, 5.38 Nagpur, Maharashtra. Maharashtra. Revised BSUP scheme for construction of Implementation of Integrated Housing 365 Dus in Gopal Nagar and Bh. Anand projects (958 Dus) under BSUP at 4.45 6.97 Kausalyayan Nagar slums in Nagpur Nanded City. Distt. Nanded, Maharashtra Maharashtra Revised BSUP scheme for construction of Implementation of Integrated Housing 630 Dus in Savitribai Phule Nagar slum in 6.21 Projects (1183 Dus) under BSUP at 8.87 Nagpur, Maharashtra Nanded city. Dist. Nanded, Maharashtra Revised BSUP scheme for construction of Implementation of Integrated Housing 1017 Dus in Indira Nagar, Indiramata projects (1567 Dus) under BSUP at 9.44 11.84 Nagar, Wanjara and Bokar nagar (4 slums) Nanded City. Distt. Nanded, slums in Nagpur, Maharashtra Maharashtra

Source: Department of Environment, Government of Maharashtra, JNNURM, Ministry of Urban Development

28 MAHARASHTRA For updated information, please visit www.ibef.org DEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECTS

Project cost Project name PPP type Sector Stage (US$ million)

4 laning Pune - Shirur Road (BOT) Transport Completed 16.04

Hydro Electric Power (Waghur) Project (BOT) Energy Under construction 1.10

Operation and Hydel Power (Vajra - III) Project (BOT) Energy 1.10 maintenance stage Operation and Hydro Electric Power (Urmodi) Project (BOT) Energy 2.20 maintenance stage

Hydro Electric Power (Upper Vaitarna) Project (BOT) Energy Under construction 2.20

Social and commercial School Building (Solapur) Project (DBOOT) Under construction 0.97 infrastructure

Hydro Electric Power (Temghar) Project (BOT) Energy Under construction 2.93

Operation and Hydro Electric Power (Parseoni) Project - Package 2 (BOT) Energy 3.23 maintenance stage

Hydro Electric Power (Nisare) Project (BOT) Energy Under construction 1.68

Source: DEA, Ministry of Finance, Government of India, BOT: Build-Operate-Transfer, DBOOT: Design-Build-Own-Operate-Transfer, O&M: Management Contract

29 MAHARASHTRA For updated information, please visit www.ibef.org DEVELOPMENT PROJECTS: SEZs … (1/3)

. Navi Mumbai Special Economic Zone (NMSEZ) is the agency Some of the operational SEZs in Maharashtra responsible for the supervision and execution of SEZs in the state.

. As of December 2017, the state had 28 exporting SEZs across Name/Developer Location Primary Industry diversified sectors including textiles and apparel, food processing, footwear and leather products, multi-product, pharma, IT SEZs, etc. Maharashtra Airport In October 2017, the state government adopted a SEZs policy in Development Company Ltd. Mihan,Nagpur Multi product (MIHAN SEZ) which all 28 SEZs with total investment of Rs 35,024 crore (US$ 5.41 billion) were planned on an area of 4,087 ha to generate employment SEEPZ Special Economic Electronics and gems Mumbai of about 52.5 million. Zone and jewellery

. In 2017, around 12 Bio-technology – SEZs have been proposed Maharashtra Industrial Aurangabad Engineering under public sector with an investment of Rs 4,733 crore (US$ 731 Development Corporation million). This project is expected to generate employment opportunities of about 0.165 million. Computer/electronic Wipro Ltd. Maharashtra software

Maharashtra Industrial Computer/electronic Pune Development Corporation software

Maharashtra Industrial Chemicals & Nanded Development Corporation pharmaceuticals

Khed Economic Infrastructure Engineering & Pune Pvt. Ltd. electronics

Maharashtra Industrial Engineering Development Corporation

Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone , Socio Economic Survey of Maharashtra, 2017-18

30 MAHARASHTRA For updated information, please visit www.ibef.org DEVELOPMENT PROJECTS: SEZs … (2/3)

. In addition to operational SEZs, as of December 2017, Maharashtra Some of the SEZs with formal approvals had 11 SEZs with valid in-principle approvals, 57 SEZs with formal approvals and 49 SEZs with notified approvals. Name/Developer Location Primary Industry

Maharashtra Industrial Development Corporation Limited Pune IT/ITeS MIDC Syntel International Private Pune IT/ITeS Limited Pharmaceuticals & Serum Bio-pharma Park Pune biotechnology Maharashtra Industrial Latur Agro-processing Development Corporation Maharashtra Industrial Nanded Pharmaceuticals Development Corporation Maharashtra Industrial Auranga Engineering & Development Corporation bad electronics Wokhardt Infrastructure Auranga Pharmaceutical Development Limited bad

Hiranandani Builders Mumbai IT/ITeS

New Found Properties and Thane IT/ITeS Leasing Pvt. Ltd.

EON Kharadi Infrastructure Pune IT/ITeS Private Limited

Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone

31 MAHARASHTRA For updated information, please visit www.ibef.org DEVELOPMENT PROJECTS: SEZs … (3/3)

Some of the SEZs with valid in-principal approvals

Name/Developer Location Primary Industry

Mumbai SEZ Limited Gujarat Positra Port Infrastructure Ltd Multi-product

Gitanjali Gems Limited Nanded, Maharashtra Gems and jewellery

ISPAT Industries Limited Raigad District, Maharashtra Multi-product

Gitanjali Gems Limited Aurangabad, Maharashtra Gems and jewellery

Gitanjali Gems Limited Nagpur, Maharashtra Multi-product

Maharashtra Airport Development Company Limited Nagpur, Maharashtra Power

Gitanjali Gems Limited Nashik, Maharashtra Multi-services

Redi Port Ltd. Post Redi, district Sindhudurg, Maharashtra FTWZ

North Mumbai International Commodity Township Pvt. Ltd. Thane, Maharashtra FTWZ

Wardha Sakhar Karkhana Ltd. Wardha, Maharashtra Biotechnology

Worldwide Oilfield Machine Pvt Ltd Pune, Maharashtra Engineering

Source: Source: Ministry of Commerce & Industry, Department of Commerce, SEZ: Special Economic Zone

32 MAHARASHTRA For updated information, please visit www.ibef.org SOCIAL INFRASTRUCTURE – EDUCATION

. During 2017-18, Maharashtra’s education infrastructure comprised of 22 universities, 106,527 primary schools, 26,879 secondary & higher Education infrastructure (2017-18) secondary schools. No. of Student Institution . Primary schools had 15,909 thousand students enrolled during the Institutions Enrollment year, of which 7,450 thousand were girls, with 542 thousand Primary schools* 106,527 15,909 teachers. Secondary schools in the state had 6,648 thousand Secondary and higher 26,879 6,648 enrolled students, of which 3,042 thousand were girls, with 218 secondary schools* thousand teachers. Government of Maharashtra is focusing on Engineering colleges education of girls in the state. Various schemes such as Kasturba (diploma, graduate and 1,025 151,651 Gandhi Balika Vidyalaya, Ahilyabai Holkar Scheme & Attendance post-graduate) Allowance Scheme have been introduced for promoting girl Industrial training institutes education in the state. 881 118,595 (ITIs) . As per budget 2016-17, the state government allocated an amount of Architecture colleges 97 4,857 US$ 20.99 million for the “National Secondary Education Mission” (Graduate, Post-Graduate) which was initiated by the central government, in association with the Arts, science, commerce & state government, and aims at delivering quality education to all law colleges (Graduate, 2,341 821,931 students undergoing secondary education. Further, the state Post-Graduate) government also decided to digitise all public libraries approved by Pharmacy (diploma, the government, with an allocated amount of US$ 2.62 million during graduate and post-graduate, 576 32,572 2016-17. Pharma D) . In addition, an outlay of US$ 113.04 million for Sarv Shiksha Abhiyan Literacy rate (%) in Maharashtra, 2015-16 has been proposed by the central & state governments, collectively.

. As of February 2017, a total of 18,225 schools had completed their Overall 82.3 self assessments, which is the 1st stage of the new accreditation Male 88.4 Urban 88.7 system Shaala Siddhi 2016, adopted by all states in India. Female 69.9 Rural 77

Source: Socio Economic Survey of Maharashtra, 2017-18, State Budget 2016-17, Census 2011, * : Provisional

33 MAHARASHTRA For updated information, please visit www.ibef.org SOCIAL INFRASTRUCTURE – HEALTH

Health infrastructure (2017-18)(1) Health indicators of Maharashtra (As of September 2017)

Sub-Centres 10,580 Doctor to patient ratio 1: 27,790(1) Primary Health Centres 1,814 Registered doctors 148,575(1) Rural Hospitals (CHC) 360 Birth rate (per thousand persons) 15.9 Primary Health Units 193 Death rate (per thousand persons) 5.9 Mobile Medical Units 40 Infant mortality rate (per thousand live 19 Sub-district Hospitals births) a) 50 beds 58 Life expectancy at birth (years) (2015-16) b)100 beds 28 District Hospitals 23 Male (2016-20) 69.9 Hospitals having Medical Colleges 16 Female (2016-20) 73.7 General Hospitals (Malegaon, Khamgaon & Ulhasnagar 200 beds each, Malad-Malwani . As per budget 2017-18, an outlay of US$ 1.27 billion has been 60 beds) 4 proposed by the state government for Public Health Department. Women Hospitals 13 Moreover, for increasing the coverage of insurance being provided to Mental Hospitals 4 beneficiaries in the state, the state government proposed an allocation of US$ 45.82 million during 2016-17. Leprosy Hospitals 4 . In 2018, Government of India has proposed Rs. 964 crore (US$ 149 TB Hospitals 4 million) to increase availability of good health services in urban and rural areas of Maharashtra by implementing National Health Mission.

Source: Ministry of Health and Family Welfare, Government of India, Socio Economic Survey of Maharashtra, 2017-18, (1) As on 31st December, 2017

34 MAHARASHTRA For updated information, please visit www.ibef.org 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 & 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

35 MAHARASHTRA For updated information, please visit www.ibef.org AMRUT AND SMART CITIES

. On the basis of population and the number of statutory towns, the Smart cities selected in Maharashtra Government of India shortlisted 9 cities, namely, Amravati, Aurangabad, Greater Mumbai, Kalyan-Dombivali, Nagpur, Nashik, Cities Population Area (sq. km) Literacy rate Navi Mumbai, Pune, Solapur & Thane under the Smart City project. In November 2015, the UK government selected 2 cities of Pune 9,429,408 15,643 86.15% Maharashtra, that is, Pune & Amravati to develop as smart cities. The agreement is expected to boost the Indo-UK trade. Nagpur 4,653,570 9,892 88.39% . As per budget 2016-17, the state government launched a scheme for Nashik 6,107,187 15,530 82.31% smart city for delivering eco-friendly & ecological urban life to the state’s citizens. Among the first selected 20 states, Pune & Solapur Aurangabad 3,701,282 10,107 79.02% are also included. Moreover, the state government has also decided to develop other 8 smart cities in the state as well. In Budget 2017- Solapur 951,118 148.9 82.80% 18, the state and central allocated a sum of US$ 246.1 million Thane 1,818,872 147.00 89.41% towards this programme. - 1,727,692 171.51 89.22% Nagpur . In Budget 2018-19, the Government of India has proposed Rs 1,316 Nashik crore (US$ 203 million) for the year 2018-19 to develop eight smart Bhiwandi cities selected under the Smart City Mission. Aurangabad

Mumbai

Pune

36 MAHARASHTRA For updated information, please visit www.ibef.org KEY INDUSTRIES

. The resources, policy incentives, infrastructure and climate support Key Industries in Maharashtra investments in the state. Maharashtra Agro Industries Development . Pharmaceuticals . Oil & gas Corporation, founded in 1965, is responsible for development of agro-based units in the state. MIDC is responsible for the . Biotechnology . Food & agro processing development of industrial infrastructure. Maharashtra Small Scale . IT and ITeS . Gems and jewellery Industries Development Corporation was formed in 1962 to provide new orientation and strength to the development of small-scale . Electronics . Banking, financial services and industries in the state. Its main objective is to aid, counsel, assist, insurance (BFSI) . Engineering finance, protect and promote interests of small industries. . Textiles . The Government of Maharashtra is promoting the development of . Auto & auto components several Special Economic Zones (SEZs) across Maharashtra for Establishment of MSME units sectors such as IT/ITeS, pharmaceuticals, biotechnology, textile, MSME Investment Employment automotive & auto components, gems & jewellery and food Year processing. As of December 2017, the state has 28 exporting SEZs, units (US$ million) (lakh) of which the majority share is contributed by IT/ITeS, engineering 2007-08 10,244 348.46 1.39 and electronics segment. 2008-09 11,682 503.36 1.71 . Government of Maharashtra has decided to convert Navi Mumbai’s 2009-10 11,896 462.57 1.50 2,140 hectares of SEZs land into integrated industrial area. 2010-11 14,496 849.83 1.87 2011-12 15,606 678.74 2.07 2012-13 16,136 833.33 2.06 2013-14 19,814 971.28 2.48 2014-15 36,992 1,096.85 3.50 (1) 2015-16 20,220 624.81 1.66

Source: Economic Survey 2015-16, MAIDC - Maharashtra Agro Industries Development Corporation, (1)Up to September 2015, News Articles

37 MAHARASHTRA For updated information, please visit www.ibef.org FINANCIAL SECTOR … (1/7)

. At current prices, the contribution of the banking and insurance Gross State Value Added by Financial Services at current sector to the GSDP of the state increased at a CAGR of 10.54% prices (US$ billion) between 2005-06 and 2015-16.

30.00

25.00 . At constant prices, the contribution of banking and insurance sector 20.00

in the GSDP of the state increased at a CAGR of 4.57% between

27.69

27.27

15.00 25.41

2008-09 and 2014-15. 23.24

10.00 20.04 18.29 . Aggregate deposits and credit of scheduled commercial banks in 5.00 Maharashtra stood at US$ 334.2 billion and US$ 355.20 billion 0.00

respectively, in 2017-18.

2015-16 2012-13 2013-14 2014-15 2016-17 Deposits and credit of scheduled commercial banks in 2011-12 Maharashtra by bank group No. of Deposits Credit (US$ Banking and insurance contribution to GSDP at constant prices Bank group banking (US$ million) (in US$ billion) offices million) Rural 30.00 9,823 7,220

25.00

5,822

Semi-urban 20.00

19,790 12,036 25.71

15.00 25.12

23.76

23.12

22.97 20.09

Urban/Metropolitan 10.00 19.21 6,369 304,593 335,947 5.00 Total

12,191 334,207 355,202 -

2013-14 2008-09 2009-10 2010-11 2011-12 2012-13 2014-15

(1)Note: As of March 2017, Exchange rate = USD1 – Rs 64.74 Source: Reserve Bank of India, Socio Economic Survey of Maharashtra, 2017-18

38 MAHARASHTRA For updated information, please visit www.ibef.org FINANCIAL SECTOR … (2/7)

. As of December 2017, out of 221,658 ATMs in the country, ATMs deployed in Maharashtra, June 2017 Maharashtra accounted for 25,662 ATMs making it the state with the highest number of ATMs deployed. 30,000 . Not only is the state home to headquarters of many financial

companies, it also houses various financial regulatory bodies 25,000

including Reserve Bank of India (RBI), Securities and Exchange 25,835

Board of India (SEBI), Forwards Market Commission (FMC). 20,000

15,000 14,260

9,424 10,000

5,000 1,729 249

-

Total

White Label ATMs WhiteLabel

Public Sector Banks Public

Private Sector Banks Private Foreign Banks inBanks India Foreign

Source: Reserve Bank of India

39 MAHARASHTRA For updated information, please visit www.ibef.org FINANCIAL SECTOR … (3/7)

Scheduled commercial banks in Maharashtra

Reserve Bank of India . Reserve Bank of India (RBI) was founded in 1935 and is recognised as India's central banking institution. RBI also controls the monetary policy of the Indian rupee. RBI is headquartered in Mumbai, Maharashtra and has 19 regional offices and nine sub offices. . Monetary authority, supervision of the financial systems, foreign exchange management and currency issuing are the major functions of the Reserve Bank of India.

State Bank of . Foundation year: 1956 (owned by Government of India) India . Banking services: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management . Total assets: US$ 420 billion; Total income: US$ 32.75 billion (2016-17), Q3 – Total Income Rs 62,887.06 crore (US$ 9,713.79 million) . Headquarters & employees: Headquartered in Mumbai with over 300,000 employees . Website: www.sbi.co.in

. Foundation year: 1906 (state owned commercial bank) Bank of India . Banking services: Commercial banking, retail banking, private banking, asset management, mortgages, credit cards . Total assets: US$ 97.21billion; Total income: US$ 7.15 billion (2016-17), Q3 – Total Income Rs 10,37,603 lakh (US$ 16,027.23 million) . 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

40 MAHARASHTRA For updated information, please visit www.ibef.org 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$ 70.34 billion; Total income: US$ 5.94 billion (2016-17), Q3 – Total Income Rs 9,133.58 crore (US$ 1,410.81 million) . Headquarters & Employees: Bank is based in Mumbai with over 28,000 employees and more than 4,000 ATMs . Website: www.unionbankofindia.co.in

Bank of Foundation year: 1935 (the bank has the largest network of branches in Maharashtra and is a public Maharashtra sector bank) Banking services: Loans, credit cards, savings, investment vehicles, insurance, investment banking, mortgage loans, private banking etc. Total assets: US$ 24.73 billion; Total income: US$ 2.11 billion (2016-17), Q3 – Total Income Rs 9,508 crore (US$ 1,469 million) Headquarters & infrastructure: Based in Pune, and reaches out to 15 million customers with 2,000 branches in 29 states Website: www.bankofmaharashtra.in

Central Bank of Foundation year: 1911 (one of oldest commercial banks owned by the government) 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$ 51.75 billion; Total income: US$ 4.27 billion (2016-17), Q3 – Total Income Rs 6,589.32 crore (US$ 1,017.81 million) 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

41 MAHARASHTRA For updated information, please visit www.ibef.org 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$ 20.12 billion; Total income: US$ 1.77 billion (2016-17), Q3 – Total Income Rs 2,475.96crore (US$ 382.45 million) . Headquarters & infrastructure: Bank is based in Mumbai, with over 1,400 branches and more than 100 ATMs Website: www.denabank.com

Yes Bank Foundation year: 2004 Banking services: Corporate and institutional banking, commercial banking, investment banking, retail banking, finance marketing . Total assets: US$ 33.38 billion; Total income: US$ 3.19 billion (2016-17), Q3 – Total Income Rs 6,492.56 crore (US$ 1,002.87 million) . Headquarters & Infrastructure: Bank is based in Mumbai, with more than 550 branches and 1,255 ATM’s Website: www.yesbank.in

Deutsche Bank India Foundation year: 1980 Banking services: Private and business banking, corporate banking and securities, global transaction banking and asset & wealth management Headquarters & employees: Bank is based in Mumbai, with more than 9,500 employees in 16 cities Website: www.db.com/india

Source: Reserve Bank of India, Bank websites

42 MAHARASHTRA For updated information, please visit www.ibef.org FINANCIAL SECTOR … (6/7)

Scheduled commercial banks in Maharashtra

Citibank India Foundation year: 1902 Banking services: Credit cards, debit cards, loans, investments, NRI banking and private baking Headquarters & employees: Bank is based in Mumbai, with over 7,500 employees. The bank has 44 branches in 31 cities and 700 ATMs across the country Website: www.Citibank.co.in

HDFC Bank Foundation year: 1994 Banking services: Investment banking, investment management, wealth management, private banking, corporate banking, private equity, finance and insurance, consumer banking, mortgages, credit cards Total assets: US$ 134.08 billion; Total income: US$ 12.67 billion (2016-17) , Q3 – Total Income Rs 24,450.44 crore (US$ 3,776.71 million) Headquarters & employees: Bank is based in Mumbai, with more than 69,065 employees Website: www.hdfcbank.com

IDBI Bank Foundation year: 1964 (10th largest bank in the world) Banking services: Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, agriculture loan

Total assets: US$ 55.41 billion Total income: US$ 4.96 billion (2016-17) , Q3 – Total Income Rs 6,645.81 crore (US$ 1,026.54 million) 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

43 MAHARASHTRA For updated information, please visit www.ibef.org 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 . Total assets: US$ 119.21 billion; Total income: US$ 11.38 billion (2016-17) , Q3 – Total Income Rs 16,832.22 crore (US$ 2,599.97 million) . Headquarters & employees: Bank is based in Mumbai, with over 67,857 employees. . Website: www.icicibank.com

Source: Reserve Bank of India, Bank websites

44 MAHARASHTRA For updated information, please visit www.ibef.org MUMBAI AS FINANCIAL HUB OF INDIA…(1/2)

. Mumbai is the capital of the state of Maharashtra and the financial Market Capitalization (in US$ billion)* capital of India. The city houses a majority of the headquarters of large corporates and financial institutions in the country. In addition, 2500 major stock exchanges, commodity exchanges and capital markets

of India are situated in Mumbai.

. Mumbai is home to 3 stock exchanges (BSE, NSE and MSE) and 3 2000

commodity exchanges (ICEX, MCX, NCDEX). The market 2,318.54

capitalization of BSE and NSE has increased at a CAGR of 19.5 per

cent and 14.5 per cent to US$ 2.3 trillion and US$ 1.8 trillion, during FY12 to FY17, respectively.

1500

1,811.67

1,785.43

. In February 2016, the Chief Minister of Maharashtra announced that

India’s second International Financial Services Centre (IFSC) will be

1,512.79

1,480.12

1,412.33

set up in Mumbai. The IFSC will coexist with the proposed terminal 1000 1,387.76

for the Mumbai-Ahmedabad bullet train. 1,105.28

. A new financial technology policy was approved by the state 1,084.77

952.14

929.95 908.71 government in February 2018 with the aim of making Maharashtra 500 one of the top five financial technology centers in the world in the next five years. A venture capital fund of Rs 200 Crore (US$ 30.89 million) for fintech startups in the state.

0

FY12 FY13 FY14 FY15 FY16 FY17

BSE NSE

Note: *At US$ 1 = Rs 67.09 Source: SEBI, BSE, NSE, News Articles

45 MAHARASHTRA For updated information, please visit www.ibef.org MUMBAI AS FINANCIAL HUB OF INDIA…(2/2)

. The Government is setting up the Delhi-Mumbai Industrial Corridor Number of companies listed on NSE and BSE (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 7,800 development stage for the Phase-1 of the project, which is expected

to greatly boost India’s manufacturing sector. 7,600

. Preliminary work is in progress for the Mumbai Trans – Harbour link 7,719

and Multi-Modal Corridor from Virar to Alibaug. Work on the projects 7,651

commenced in 2011 & 2010 and are expected to be completed by 7,400 7,547

2021 & 2019, respectively.

. The number of companies listed on NSE and BSE have increased to 7,200 7,357 7,547 in FY18* as compared to 6,779 in FY12.

7,000

7,024

6,800

6,877

6,600 6,779

6,400

6,200

FY12 FY13 FY14 FY15 FY16 FY17 FY18*

Note: FY18* - As of November 2017 Source: Maharashtra Economic Survey 2015-16

46 MAHARASHTRA For updated information, please visit www.ibef.org KEY INDUSTRIES – PHARMACEUTICALS AND BIOTECHNOLOGY … (1/3)

. Major opportunities have emerged in the pharmaceutical sector, primarily in the areas of contract research, contract manufacturing and clinical trials. . The state has a well developed laboratory, research and development infrastructure and a strong resource pool. In August 2015, one of the leading pharmaceutical companies Nutra Plus started the commercial production of therapeutic and analgesic products in its Tarapur plant. . The Maharashtra state government aims at giving a boost to the pharmaceutical sector in the state and improve research activities with development of skilled man power. Hence, the government plans to establish National Institute of Pharmacy Education and Research at Nagpur. The land for the project was allotted in December 2016. . From August 1991 to November 2016, a total of 859 projects with an investment of US$ 2,396.78 million have been approved for the pharmaceutical industry in the state. Of these 499 projects with investment of US$ 653.75 million have commenced.

Source: Maharashtra Industrial Development Corporation , MSME: Micro, small and medium enterprises

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Biotechnology & Pharmaceutical SEZs in Maharashtra

Sector Status

Serum Bio-Pharma Park Pharmaceuticals & biotechnology Operational Maharashtra Industrial Development Corporation Pharmaceuticals Operational Wockhardt Infrastructure Development Limited Pharmaceuticals Formal approval granted Mahindra and Mahindra Limited Biotechnology Formal approval granted International Biotech Park Ltd Biotechnology Formal approval granted Inspira Infra (Aurangabad) Ltd. (formally Ajanta Project (India) Ltd.) Pharmaceuticals Formal approval granted Inspira Infra (Aurangabad) Ltd. (formally Ajanta Project (India) Ltd.) Biotechnology Formal approval granted Saloni Business Park Private Limited Biotechnology Formal approval granted Veritas Infrastructure Development Limited Biotechnology Formal approval granted SEZ Bio-Tech Services Private Limited Biotechnology Formal approval granted

Registered BT units (upto October 2016)

BT units Total units Investment (US$ million) Employment

Registered LOI Registered LOI Registered LOI

MSME 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

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Key Players

GlaxoSmithkline . GlaxoSmithkline Pharmaceuticals, established in 1924, is one of the oldest players in the Indian Pharmaceuticals Ltd pharmaceuticals industry. Company earned total Income of Rs 715.86 crore (US$ 110.57 million) for FY 18 Q3. The company produces medicines that treat major diseases such as asthma, virus control, infections, mental health, diabetes and digestive conditions. The company is also a leader in the important areas of vaccines and is developing new treatments for cancer.

Cipla Ltd . Cipla is one of the major Indian companies in the pharmaceuticals sector, with total income from operations. For Q3 FY 2018, Cipla earned total Income of Rs 3,010.89 crore (US$ 465.07 million). It is also one of the oldest players in the sector. The company has manufacturing units at Vikhroli (Mumbai) and Patalganga.

Wockhardt Ltd . Wockhardt, headquartered in Mumbai, is a major player in the integrated healthcare segment. The company’s market presence covers formulations, biopharmaceuticals, nutrition products, vaccines and Active Pharmaceutical Ingredients (APIs). Company earned a total Income of Rs 546.67 crore (US$ 84.44 million) for Q3 FY 2018. . Wockhardt has set up a global scale biopharmaceuticals manufacturing park, the Wockhardt Biotech Park, in Aurangabad. This state-of-the-art complex comprises six dedicated manufacturing facilities, and is designed according to USFDA and EMEA standards.

Lupin Ltd . Lupin is one of the significant players and primarily derives its revenue from formulations. Total net sales of the company. For Q3, Lupin earned total Income of Rs 2,555.23 crore (US$ 394.69 million). The company has manufacturing plants at Tarapur and Aurangabad. The company is waiting for an approval from the Food and Drugs Authority to start commercial operations in Mihan-SEZ, Nagpur.

USFDA: US Food and Drug Administration, EMEA: Europe, The Middle East and Africa

49 MAHARASHTRA For updated information, please visit www.ibef.org KEY INDUSTRIES – IT/ITeS AND ELECTRONICS … (1/4)

. IT is one of the top notch sectors in the state, with maximum thrust, Exports from IT/ITeS SEZs in Maharashtra (in US$ billion) development and investment.

. Over 2014-15, Maharashtra accounted for around 30% of the 10.00 country’s software exports with the help of 1,200 software units present in the state. 9.00

. The Government of Maharashtra is focusing on providing IT-related

infrastructure, fiscal incentives to IT units and an institutional 8.00 8.63 framework for the IT sector. The prime IT/ITeS clusters are in

Greater Mumbai, Pune, Thane, and Nasik. Pune is the leader in 7.00

Business Process Outsourcing (BPO) services. 7.16 6.00 . During 2015-16, the Directorate of Information Technology made 156

online services available through “Aaple Sarkar” portal under the 5.00 5.93 Maharashtra Public Services Rights Act, 2015.

. During 2016, Government of Maharashtra came up with a new policy 4.00 - “Electronics Policy 2016”, which aims at achieving a turnover of 3.00 US$ 12 billion for the ESDM industry and is assisting in targeted expansion of ESDM sector to cross US$ 2 billion, through 2020. 2.00 . The government has launched WiFi services, which will connect 500 hotspots across Mumbai, under the smart city project. By May 2018, 1.00 the government is planning to extend the free WiFi services across

1200 hotspots. 0.00

2014-15 2015-16 2016-17

Source: Maharashtra Industrial Development Corporation, News Articles, Economic Survey 2015-16

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. During 2016-17, Maharashtra Industrial Development Corporation Prominent information technology parks in Maharashtra (MIDC), CIDCO and Software Technology Park of India cumulatively developed 37 public IT parks and approved 472 IT parks. Of the total District Number of IT parks (2016-17) 487 IT parks, 170 parks are already operational with an overall investment of US$ 586.4 million and US$ 1,589.85 million has been Pune proposed for the remaining 317 IT park projects that are in the 172 processing phase. Greater Mumbai 162 Prominent information technology parks in Maharashtra

. Talawade IT Park, -Moshi . Kolhapur IT Park, Kolhapur Thane 140 Road, Pune. . Sangli IT Park, Vishrambag, Sangli . Millennium Business Park (MBP), Nagpur 5 Navi Mumbai . Nagpur IT Park, Nagpur

. Deogiri Infotech Park, Aurangabad . Hinjewadi IT Park Phase I, Nashik 5 Hinjewadi, Pune . Kharadi IT Park, Kharadi, Pune

. Hinjewadi IT Park Phase II, Aurangabad 3 Hinjewadi, Pune

Wardha 1

Total 487

Source: Maharashtra Industrial Development Corporation, state economic survey 2016-17

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Government initiatives

. Additional floor space index for IT parks and recreational, residential and other support facilities would be provided.

. Eligible IT-ITeS units covered under the Package Scheme of Incentives (PSI) would be exempted from the payment of electricity duty.

. IT units would be supplied with power at industrial rates.

. Property tax shall be levied on IT/ITeS units at par with residential rates.

. VAT on the sale of IT products would be generally charged at a minimum floor rate.

. Development of Mumbai-Pune-Nashik as Silicon valley of India, that is, an IT innovation hub under Maharashtra-Goa Regional Development Council

Source: Maharashtra Industrial Development Corporation, News Articles

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Key Players

. Accenture is a global management consulting, technology services and outsourcing company, with around Accenture 259,000 people serving clients in more than 120 countries. The company has several development centres across India.

. It has major operating centres in Mumbai and Pune. In 2017 (for the nine months ending May 2017), the company earned revenues of US$ 27.12 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. It recorded revenues of US$ 37.44 billion for six months ending February 2017.

Capgemini . Capgemini is a global IT major headquartered in Paris, France, and operates in more than 40 countries. The company generated revenues of US$ 7.38 billion in H1 2017. 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 generated revenues Infosys Technologies of US$ 9.2 billion in 2016-17, Infosys Technologies Ltd earned Rs 17,442 crore (US$ 2,694 million) as total Ltd income from operations in Q3 FY 2018. The company has a development centre at Wakad, Pune, and

also a BPO centre in the city.

. Infosys had been allotted land in Mihan-SEZ, Nagpur,and was expected to start construction work in July 2014. In the first phase the company will invest US$ 78.8 million to accommodate 5,000 software professionals.

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. 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.

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Key Players . Larsen & Toubro Limited (L&T) is a diversified Indian conglomerate with interests in engineering and construction. L&T earned total income from operations as Rs 18,161.95 crore (US$ 2,805.37 million) during Q3 FY 2018.

Larsen & Toubro . L&T is one of the oldest running companies with headquarters in Mumbai. The company has Ltd (L&T) manufacturing facilities at Mumbai and Ahmednagar.

. Greaves Cotton is one of the oldest and well-diversified engineering companies in India.

. Its core products include diesel/petrol engines, pump sets, construction equipment and gensets.

. The company has manufacturing facilities at Chakan, Chinchwad, Chikalthana, Shendra and Waluj. For Greaves Cotton Ltd Q3 FY 2018, company earned a total income of Rs 456.24 crore (US$ 70.47 million).

Siemens Group . Siemens Group is a leading inventor, innovator and implementer of leading-edge technology-enabled solutions operating in the core business segments of industry, energy and healthcare. The company is

based in Navi Mumbai. In 2013-14 (October 2013 to September 2014), Total income from operations of Rs 2,500 crore (US$ 386.16 million) during Q3 FY 2018.

. ABB is one of the leading engineering companies in the world. The ABB group operates in around 100 ABB countries and employs about 130,000 people. The company offers an extensive array of products and services within power and automation technologies. ABB operations in India include 12 manufacturing

facilities, with over 10,355 employees. The company has a manufacturing facility in Mumbai. The company earned a total income of Rs 2,798 crore (US$ 432.22 million) during Q3 FY 2018.

55 MAHARASHTRA For updated information, please visit www.ibef.org KEY INDUSTRIES – TEXTILES … (1/2)

. Maharashtra contributes about 10.4 per cent to India’s textiles and Cotton (lint) production in Maharashtra (million bales) apparels output. The state contributes about 25 per cent of India’s

cotton production. The textile industry is the largest employer in

Maharashtra and contributes around 28% to India's total exports. 9.00

10.76

. Textile parks, aimed to provide world-class infrastructural

6.00 8.83

7.74

7.50

7.00

components for the textile sector and enhance productive capacity, 6.82

6.79

6.05

3.00 are being set up in Maharashtra to maintain its leadership position in textile exports and production. -

. Some of the textile parks are the Nardhana Textile Park in Dhule,

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Butibori (Nagpur) Textile Park and Ambernath Textile Park. the state 2010-11 2017-18* government plans to set up 11 new textile parks in the state. In July 2017, Maharashtra government proposed to set up an integrated textile park in Malegaon over 345 hectares of land. Raw silk production (in MT)

. As per budget 2016-17, the state government is aiming at setting up Year Volume new textile units across the state’s cotton growing areas. Moreover, the government has also proposed an investment of US$ 40.48 2015-16 252 million during 2016-17, for the existing and upcoming textile projects across Vidharbha, Norhern Maharashtra and Marathwada. 2016-17 231 . The Government of Maharashtra is planning to set up a garment park in Solapur, with an investment of US$ 44.62 million to generate 2017-18 205 employment in the surrounding areas.

. The State Government approved a new textile policy for a tenure of 2018-23 with an aim to attract investment of Rs 36,000 crore (US$5.6 billion) and increase employment.

Source: Central Silk Board, Economic Survey, 2015-16, 2016-17, News Articles. Note: * - As of December 2017.

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Key Players . Raymond was incorporated in 1925 and is a leading Indian textile major. The company is part of global conglomerate Raymond Group. It generated revenues of US$ 121.96 million in Q3 FY 2018.

. Raymond was the first in 1959 to introduce a polywool blend in India to creating the world's finest suiting Raymond fabric – the Super 240s – made from superfine 11.6 micron wool.

. The Bombay Dyeing and Manufacturing Company Limited’s textile products include bedding range, bedding accessories, bath linen, hotel linen and industrial fabrics.

. Product range also consists of bed sheets, bed covers, quilts, duvet covers, dohars, bed in bag sets, blankets, pillow cases, cushion covers, shams, cushions, pillows and bed decor sets, pool towels, bath Bombay Dyeing towels, hand towels and face towels. The company generated revenues of US$ 95.8 million in Q3 FY 2018.

. 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. S. Kumars’

. 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$ 60.80 million in revenues in Q3 FY2018. Siyaram’s

57 MAHARASHTRA For updated information, please visit www.ibef.org KEY INDUSTRIES – CHEMICALS, OIL AND GAS, ENERGY … (1/2)

. Maharashtra has a strong presence in the petrochemicals, and oil Use of chemical fertilisers in Maharashtra and gas sectors. Mumbai, Nagothane, Rabale and Patalganga are Per hectare major petrochemical hubs, while Thane, Mumbai, Pune and Wardha Year Total input (‘000 tonnes) are chemical hubs. consumption (kg)

. Opportunities primarily exist in the areas of polymers & plastics, 2011-12 6580 155.2 fertilisers and synthetic yarns. Key competitive strengths of the state in this industry are the strong upstream and downstream linkages for 2012-13 5470 116.1 raw materials and products. Bombay High accounts for over 50% of the country's oil & gas production. 2013-14 5990 119.4

. Production of coal in the state increased from 38.30 MT in 2014-15 2014-15 6013 125.9 to 38.35 MT and 40.56 MT in 2015-16 and 2016-17 respectively. Coal production during April – September 2017 stood at 13.401 MT. 2015-16 5963 122.5 . Power generation in the state has been steadily increasing. Production grew 0.72 per cent year-on-year to reach 118.09 TWH in 2016-17 6120 126.1 FY17. The figure stood at 91.38 TWH during April-December 2017. 2017-18 7005 137.6 . The Government of Maharashtra has set a target of producing 25,000 MW of electricity using solar power. It also plans to increase installed renewable power capacity from 7,500 MW to 10,000 MW. . Under the State Budget 2016-17 the government had planned an Work orders for about 4,000 MW solar energy projects will be given investment of US$ 119.77 million for electricity generation projects. between March 2018 and December 2019. Outlay of US$ 69.66 million has been set for adding capacity under . As of November 2017, the state had an installed capacity of non-conventional energy sources. 30,598.43 MW under thermal energy; 690 MW under nuclear energy; 3,331.84 MW under hydro and 7,976.85 MW under renewable energy sources.

Source: Commissionerate of Agriculture, GoM, Socio Economic Survey of Maharashtra, 2017-18

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Key Players . Oil and Natural Gas Corporation ranks as one of the leading oil and gas Exploration and Production (E&P) companies in the world in the terms of asset value. The company earned total income of Rs 24,122.42 crore (US$ 3,726.05 million) during Q3 FY 2018. 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 Oil and Natural Gas Corp 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 Corporation Limited (HPCL) is one of the Navratna Public Sector Units (PSUs). It is a major refining and oil retailing company in India. Hindustan Petroleum . HPCL’s standalone total income was US$ 9,816.26 million in Q3 FY 2018. It has an oil refining unit on Corp Ltd Mumbai’s west coast.

. Bharat Petroleum Corporation Limited (BPCL) is engaged in the marketing and distribution, refining, trading and exploration of petroleum. The company’s standalone revenues stood at US$ 16.33 billion between April 2015-September 2015. BPCL has a refinery in Mumbai. Company earned total income of Rs Bharat Petroleum Corp 70,922.56 crore (US$ 1,095.50 million) during Q3 FY 2018. Ltd

. Reliance Industries Limited, is the largest private sector firm in India and ranks 99th on the Fortune 500 list based on revenues. The company earned total income of Rs 77,537 crore (US$ 11,976.68 million) during Q3 FY 2018. 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 Reliance Industries Ltd Maharashtra.

59 MAHARASHTRA For updated information, please visit www.ibef.org KEY INDUSTRIES – AUTO AND AUTO COMPONENTS … (1/3)

. Maharashtra accounts for approximately 35.1% of the country’s . In May 2017, the Chief Minister of Maharashtra inaugurated India’s output of automobiles by value. first multi-modal electric vehicle project and an electric charging . The major automobile centres in the state include Pune, Nasik, station in Nagpur. Under the project, a fleet of 200 electric-powered Aurangabad and Nagpur. public transport vehicles will be run on taxi aggregator Ola’s platform in Nagpur. . Pune is the largest auto hub of India with over 4,000 manufacturing units in the Pimpri-Chinchwad region alone. Pune is home to large players like Bajaj Auto Limited, Daimler Chrysler Limited, Tata Motors, etc. Automotive hubs in Maharashtra . Nasik is home to one of India's largest multi-utility vehicle manufacturers – Mahindra & Mahindra Limited. . Mercedes Benz has a luxury car production facility in Chakan in Maharashtra which has a capacity of 20,000 cars per year. As of July 2017, The company is planning to invest around US$ 155.5 million to double its capacity and create a separate product line for exports. . The Government of Maharashtra is finalising a policy to encourage manufacturing of electric vehicles. Manufacturing of one hundred thousand electric vehicles per year in the next 3 to 5 years has been envisaged under the policy. Incentives offered may include a 15 per cent subsidy to buyers, which is expected to boost demand, and refunding of SGST to manufacturers.

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. In July 2015, the Maharashtra state government announced plans to Investment opportunities in the auto sector finalise the deal with Chrysler for setting up a jeep production facility . Partnership and alliances for auto component sector at in Aurangabad. The overall investment expected in . Vehicle retailing the first year is US$ 281.88 million and US$ 563.69 million is to be invested over the next six years. The first Jeep made at the plant . Low cost vehicles was unveiled in May 2017. . Cvs to benefit from increasing infrastructure activity and heightened . ARAI, India's premier automotive R&D, testing and certification international interest organisation is in Pune. It is India’s first Auto Cluster Development . Diversification in two wheeler segment and Research Institute is in Maharashtra. . Design centers

. Auto financing

. R&D

Category wise numbers of a few categories of motor vehicles on the road in Maharashtra

Vehicle Type 2017 2018(1)

Motor-cycles, scooters & mopeds 21,390.3 23,008.7 LMV (cars, jeeps, station wagons & taxis) 4,446.0 4,810.2 Auto rickshaws 720.4 747.3 Buses (stage carriages, contract carriages, school buses & PSV) 121.1 128.7 Tractors 616.2 651.1 Goods vehicles {Articulated/Multiaxel vehicles, trucks & lorries, tankers, 1,476.9 1,582.8 delivery vans (3 & 4 wheelers), etc. Note: 2018(1) – provisional, LMV–Light Motor Vehicles PSV - Public Service Vehicles, ARAI - Automotive Research Association of India Source: Economic Survey, 2016-17,

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Key Players . Bajaj Auto is a major Indian automobile manufacturer. The company is the world's fourth-largest two- and three-wheeler manufacturer with an total income of US$ 1,018.88 million in Q3 FY 2018. 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 Bajaj Auto Ltd Waluj (near Aurangabad, manufactures motorcycles and three-wheelers).

. Tata Motors Limited is a multinational corporation headquartered in Mumbai, India. It acquired British automotive brands Jaguar and Land Rover in 2008. The company is the world’s fourth-largest truck and bus manufacturer. Company’s total income is US$ 2,501.31 million for Q3 FY 2018.

Tata Motors Ltd . The company has an auto manufacturing and assembly unit at Pune. The Pune unit is spread over two geographical regions – Pimpri (800 acres) and Chinchwad (130 acres).

. Formerly known as Bajaj Tempo, Force Motors is a part of Firodia Enterprise that manufactures Multi Utility Vehicles (MUVs), tractors, Sports Utility Vehicles (SUVs) and Light Commercial Vehicles (LCVs).

. Matador was a popular LCV manufactured by Force Motors. The company has a manufacturing unit in Force Motors Ltd Pune. The company generated total income of US$ 117.27 million in Q3 FY 2018.

. Mahindra and Mahindra is one of the major auto manufacturers of India. The company generated US$ 1,803.27 million of total income in Q3 FY2018.

. The company’s products include tractors, SUVs and LCVs. It has manufacturing facilities at Mumbai, Mahindra and Mahindra Pune, Nagpur and Nasik. Ltd

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. Maharashtra is a major trade and tourist destination of India, Tourist arrivals in Maharashtra (million) attracting thousands of tourists from across the world every year. It is the fourth most visited state of India. . There are many temples in Maharashtra, some of them being 140.0 hundreds of years old, constructed in a fusion of architectural styles borrowed from north and south India. Maharashtra has its own folk 120.0 music. Folk musical programmes, such as Gondhal, Lavani, Bharud

and Powada, are popular, especially in rural areas.

120.02

. The state is home to the Hindi film industry Bollywood, which 100.0

produces the largest number of films globally. Maharashtra has a 107.8

97.0

score of pilgrimage destinations, ranging from the ones that revolve 80.0

around mythology (e.g., Nasik; Warkar and Pune) and those 86.8 celebrating the achievements of religious leaders and reformers (Shirdi, Haji Ali shrine) to new age pilgrimage destinations such as 60.0 the Osho Commune at Pune.

. Nasik is one of the four sites of the Kumbh Mela, which is held once 40.0 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 20.0 district in Maharashtra to be declared as a tourism district. . The state has launched Unlimited Maharashtra advertising campaign 0.0

through newspapers and television channels to attract tourists during

2014 2015 2016 summer vacations. A half-hour ferry ride across Mumbai harbor 2013 takes visitors to view the superbly carved 1,300 years old cave temple on the little island of Elephanta, a favourite picnic spot.

Source: Ministry of Tourism, Government of India

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. 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 & 4.15 million foreign tourists visited Maharashtra. In 2016 the numbers were, 166 million domestic tourists and 4 million foreign tourists. . In 2016, the Government of Maharashtra formulated a new policy on Tourism- ‘Maharashtra Tourism Policy 2016,’ which aims at minimizing delays as well as replication of redundancies & information & enhancing the application process efficiency. An amount of US$ 43.53 million was allocated by the government to boost basic amenities being provided across tourist spots. . In March 2017, the state government has sanctioned US$ 52.25 million for the development of Elephanta Caves. The fund includes US$ 14.85 million from the Maharashtra Tourism Development Corporation, while US$ 37.40 million is to be raised through public private partnership. . In June 2017, Airbnb, an alternative accommodations company, signed a MoU with Maharashtra Tourism Development Corporation on a revenue sharing basis, to become the official accommodation partner for the state for its network of homestays in India. . As per 2016-17 budget, the state government announced the following plans : • Aurangabad has been affirmed as a tourist district in the state & the government has decided to offer special attention towards the uplifting of tourism in Verul, Sulibhanjan, Mhaismal & Khultabad. • The state government is also undergoing various steps for improving safety measures across the beaches for ensuring security of people . As per budget 2017, government has decided to develop well known tourist and pilgrimage centres like Mahurgad (Nanded), Jyotibhacha Dongar (Kolhapur), Lonar Sarovar (Buldana), Sindhudurg and Raigad Forts. Required financial support will be provided as necessary.

64 MAHARASHTRA For updated information, please visit www.ibef.org EMPLOYMENT OPPORTUNITIES & EMPOWERMENT

. Till December 2016, a total of 488 mega projects were sanctioned by the state government with an outlay of US$ 58.91 billion. Due to these projects, employment opportunities for a total of 420,000 people are expected to be created.

. Further, a total employment of 1.66 lakh has been recorded across 20,220 MSMEs with an investment of US$ 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.

. In April 2017, the state government decided to give reservation to physically disabled people in jobs in its newly drafted policy. The government will also ensure that physically disabled people would be given equal employment opportunities in the government as well as private jobs. Moreover, the state government would also siphon 3% of funds from budget reserved to provide facilities to the physically disabled people.

. In Magnetic Maharashtra Convergence 2018, the state implemented “Make in Maharashtra” policy to focus on Industrial sector growth, increase domestic and foreign investment in the Industrial sector and to generate more employment opportunities.

. The state has launched a new separate policy for women as “Women Entrepreneurs Policy 2017”. The objective is to encourage participation of women entrepreneurs, create an environment which assures entrepreneurship and to provide technical, operational and economic assistance, which will enhance the employment opportunities to women.

Source: State Budget 2017-18, Economic Survey, 2015-16, 2016-17 , 2017-18

65 MAHARASHTRA For updated information, please visit www.ibef.org 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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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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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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Agency Description Contact information

. The work of the Directorate of Industries, Maharashtra state, is mainly confined to the development and progress of large-scale, small-scale and cottage Development Commissioner of Industries industries in the state. The Department of Industries was Government of Maharashtra Directorate of Industries reorganised and the Directorate of Industries was New Administrative Building, Directorate of Industries formed in August 1960. Control of cottage industries was 2nd Floor, Opposite Mantralaya, Mumbai transferred to the Directorate of Industries with effect Maharashtra-400 032 Phone: 91-22-22028616 from 1st December, 1960. [email protected] . It also assists in the formulation and implementation of various policies and promotional schemes.

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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 rates. Krushi Udyog Bhavan . Maharashtra Agro Industries Development Corporation Dinkarrao Deasi Marg, Aarey Milk Colony Maharashtra Agro Industries Goregaon (East), Mumbai- 400065, Maharashtra, Development Corporation Limited (MAIDC) has also been designated as the state India Limited (MAIDC) nodal agency by Ministry of Food Processing Industries, Phone: 91-22-29272027 Government of India. In its role as state nodal agency, it Email: [email protected] Website: www.maidcmumbai.com scrutinises & forwards various proposals of entrepreneurs under different schemes of assistance from the Government of India. It also helps entrepreneurs in preparing projects, selecting the area, etc.

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Agency Description Contact information

. MIDC’s objectives are:

• To achieve balanced industrial development of Maharashtra with an emphasis on developing parts and underdeveloped parts of the state. Udyog Sarathi • Help in infrastructural development of each and Mahakali Caves Road, Andheri (E) Maharashtra Industrial every district in Maharashtra. Mumbai-400 093 Development Corporation Phone: 91-22-26870052/54/73 (MIDC) • Facilitate entrepreneurs in setting up industries at Fax: 91-22-26871587 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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Approvals and clearances required Department

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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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

73 MAHARASHTRA For updated information, please visit www.ibef.org COST OF DOING BUSINESS IN MAHARASHTRA

Cost parameter Cost estimate Source

Commercial: US$ 0.2 to US$ 1,158.3 Land (per sq m) Maharashtra Industrial Development Corporation (MIDC) Industrial: US$ 0.2 to US$ 579.2

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, Government of Labour (per day) US$ 1.2 to US$ 6 India, Wage Rates July 1, 2015 to Dec 31, 2015

5-star hotel room (single US$ 97-US$ 220 Maharashtra Tourism Development Corporation occupancy, per night)

. 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 in the Ease of Doing Business Index.

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Objectives

. Designate Tourism as a priority sector since it holds the potential to usher in economic development and generate high employment opportunities in Maharashtra.

Maharashtra Tourism . Achieve sector growth of 10% per annum and share of 15% in GSDP through tourism and tourism related Policy 2016 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

. To attract IT investments across the State, and incentivize IT industry at all district headquarters in the State by Maharashtra IT/ITeS providing additional incentives and continue to provide usual incentives as per the IT / ITES Policy – 2009 Policy 2015 . To promote the development of special fields of application of IT such as animation, visual effects, gaming and comics. Read more

. 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 Maharashtra Renewable sugarcane waste/agricultural remedial projects, 400 MW from small hydro projects, 300 MW from agricultural Energy Policy 2015 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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Objectives

. To promote and encourage organic farming in Maharashtra by allocating a minimum 10% of the land for organic Organic Farming Policy faming activity 2013 . To provide organic pesticides and fertilizers and increase the awareness amongst farmers about organic faming through lectures Read more

. To attract investment of US$ 82.946 billion by the end of 2018 and create 2 million job opportunities Industrial Policy of Maharashtra 2013-2018 . 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

. To generate low income housing by making it mandatory for private developers, with residential plot sizes of 4,000 Housing Policy 2013- square metres and above, to reserve 20% of the land for low income groups 2018 . The reserved land or constructed flats would be handed over to the state housing agency, Maharashtra Housing and Area Development Authority (MHADA) Read more

Textile Policy of . To lay special emphasis on raising processing units at various levels, from cotton to manufacturing textiles, to Maharashtra, 2011–17 assure long term development by giving support to the industries associated with manufacturing of textiles Read more

. To develop the e- governance sector of the state and take it towards m- governance, by enabling the citizens to e-Governance Policy of avail the services online Maharashtra - 2011 . To enable the government to function more efficiently and develop a paper less environment Read more

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Objectives

. To develop six non major ports in Maharashtra by developing greenfield ports, multi-purpose jetties and cargo State Port Policy 2010 terminals, in order to aid import and export and coastal shipping of goods Read more

. To promote tourism and develop hospitality infrastructure with private sector participation in the state for a period of Tourism Policy 2006 ten years or until substituted by new policy

. To encourage public-private partnership (PPP) mode for development of tourist destinations Read more

. To help in the growth of SEZs (duty free enclave) in the state in order to promote rapid industrial development and Special Economic Zone job opportunities (SEZ) Policy 2002 . To attract foreign & domestic investments for infrastructure development in the state Read more

. To emphasise on child development of orphans, destitute, homeless and deviated in a planned, structured and Child Development disciplined manner Policy 2002 . To aid prevention of sexual exploitation and trafficking of children

. To provide free education and entertainment facilities Read more

Water Policy 2002 . To focus on optimal use of water resources coupled with sustainable development, in order to provide economic and social benefits to the people of the state. Read more

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Objectives

Maharashtra . To develop and make the state biotechnology industry globally competitive, the government announced various Biotechnology Policy fiscal and non fiscal incentives for biotechnology units 2001 . To develop infrastructure, that is biotechnology parks and research bases Read more

Grapes Processing . To develop grape processing industry in the state, and creating better employment opportunities Industry Policy 2001 . To encourage wine industry be setting up wine parks in the state Read more

Upcoming Policies

. Electric Vehicles Policy

. Financial technology (Fintech) Policy

. Textile Policy

. Public Cloud Policy

78 MAHARASHTRA For updated information, please visit www.ibef.org EXCHANGE RATES

Exchange Rates (Fiscal Year)

Year INR equivalent of one US$

2004-05 44.81

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 67.09

Q1 2017-18 64.46

Q2 2017-18 64.29

Q3 2017-18 64.74

Source: Reserve Bank of India

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