BANDRA-WORLI SEA LINK, MUMBAI, MAHARASHTRA MAHARASHTRA GATEWAY TO INDIA 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. Pune, 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, Goa 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, Solapur, Kolhapur, Sangli, Female population (million) 56.9 Aurangabad, Amravati and Ratnagiri are some of the major cities of Maharashtra. Sex ratio (females per 1,000 males) 929 . India's main stock exchanges, capital market and commodity exchanges are 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$) 2,545 1,546 Central Statistics Office Physical Infrastructure Installed power capacity (MW) 42,356.85 334,146.91 Central Electricity Authority, as of February 2018 Telecom Regulatory Authority of India, as of Wireless subscribers (No) 130,136,065 1,1,151,936,422 January 2018 Telecom Regulatory Authority of India, as of Internet subscribers (million) 58.34 445.95 December 2017 NHAI, Roads and Building Department-Government National highway length (km) 15,436 115,435 of India Major and minor ports (No) 2 + 53 13+187 India Ports Association 2016 Airports (No) 11 125 Airports Authority of India Note: Telecom Regulatory Authority Of India , Central Electricity Authority. 8 MAHARASHTRA For updated information, please visit www.ibef.org MAHARASHTRA IN FIGURES … (2/2) Parameter Maharashtra All states Source Social Indicators Literacy rate (%) 82.3 73.0 Census, 2011 Birth rate (per 1,000 population) 15.9 20.4 SRS Bulletin, September 2017 Investment Department of Industrial Policy & Promotion, April Cumulative FDI equity inflows (US$ 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.