ABOUT MAHARASHTRA

Maharashtra is a state in the western part of peninsular India. The state is strategically located with a long coastline and borders with several states like Gujarat, Andhra Pradesh, Karnataka etc.

ECONOMIC GROWTH:

Maharashtra is one of the biggest contributors to Indian economy, the state has been growing at a faster pace than all-India average in most periods and is expected to continue the momentum.

Being the biggest contributor to India’s GDP ~15%, Maharashtra has always remained in the forefront of country’s economic development. If India has to grow at 8 per cent, Maharashtra has to grow 10 per cent.

FDI :

The state attracts the highest FDI in the country; ~ 30 percent of the total FDI inflow. The total FDI in the state stood at US$ 73.12 billion* from April 2000 to March 2015, the highest among all states in India.

The state government has approved 18,709 industrial proposals during 1991-92 to 2014-15.

INDUSTRIAL PROFILE :

Maharashtra is the most industrialized state in India and has maintained the leading position in the industrial sector in the country. The state is a pioneer in small scale industries and boasts of the largest number of special export promotion zones. The state’s capital, Mumbai, is the commercial capital of India and has evolved into a global financial hub. The city is home to several global banking and financial service firms. Pune, another major city in the state, has emerged as the educational hub. There are also a large number of diverse industries and a well-developed service sector in the state.

The progressive Government of Maharashtra is also aggressively taking measures to develop industrial infrastructure and improve ease of doing business in the state. Such initiatives aim to motivate investors to invest into various sectors in the state, thereby contributing to the overall development of the economy.

INFRASTRUCTURE:

The state has a well-developed social, physical and industrial infrastructure. Apart from four international and seven domestic airports, the state has two major and 53 minor ports. It also has a well-developed power supply grid. Jawaharlal Nehru Port Trust is the largest port in India in terms of container traffic. The state is well connected to its six neighboring states and other parts of India through 18 national highways

The state has a large base of skilled and industrial labor, making it an ideal destination for knowledge based and manufacturing sectors. A number of specialized institutes offering skilled resources for industries and services sector are present in the state.