March 31 2022

Maharashtra is the largest economy in India

Source: Invest India

Mumbai, the state's capital is known as the financial capital of India and houses the headquarters of major corporate and financial institutions.

The state of Maharashtra has attracted over $23.43 Bn of Foreign Direct Investments during Oct 2019 – March 2021 and contributes 28% to India's total FDI inflow.

Maharashtra lies on the western coast of India. It is the third largest state in India, occupying approximately 9.4% of the country's total geographical area. The state is well connected to all the major markets with 4 international and 7 domestic airports, over 309,000 km of road network and 6,210 km of rail network. The state’s coastline of 720 km and presence of 55 ports facilitate about 22% of the total cargo transport in India. Jawaharlal Nehru Port Trust (JNPT), the largest container port in the country, is connected to 34 Container Freight Stations (CFS) and 46 Inland Container Depots (ICD). The state has a total installed power capacity of over 43,000 MW. Therefore, the business community is welcome to explore many business opportunities in Maharashtra.
Maharashtra has a good presence of industrial clusters, especially automobile, IT & ITeS, chemicals, textiles and food processing clusters. Many lucrative investment opportunities in Maharashtra are offered in these sectors.
Maharashtra has ranked #1 in Export Preparedness Index in 2020 and #5 in National Logistics Index 2021. Furthermore, the state has attracted over $23.43 Bn of Foreign Direct Investments during Oct 2019 – March 2021 and contributes 28% to India's total FDI inflow.
Maharashtra is major producer of Jowar and Arhar contributing 46.09 and 29.11 %, respectively to the total production of India.
Maharastra is the top recipient state during the F.Y. 2021-22 (upto June, 2021) with 23% share of the total FDI Equity inflows.
Maharastra followed by Gujarat and Karnataka tops the list of states with maximum number of beneficiaries under Atmanirbhar Bharat Rojgar Yojana (ABRY). Maharashtra tops the list of states with 17,524 number of beneficiaries to be assisted under Atmanirbhar Bharat Rojgar Yojana (ABRY).

Textile and Garments

Maharashtra is a leading producer of cotton, silk and bamboo among other fibres. Textile sector is the 2nd highest employment generator in the state after agriculture.
The state has 14 private and 10 government textile parks being set up with plug and play facilities. Recently launched Textile Policy of the state offer various incentives in the form of upgradation subsidy, interest subsidy ad tax exemptions to attract over $ 5.6 bn worth of investment and create 1 mn new jobs by the end of 2023.

Food Processing

Maharashtra is a leading producer of pulses, sugarcane, banana and cashew nut in India.
the state is the largest producer of grapes in India and gives impetus to grape processing and wine industry by way of a dedicated industrial policy and three wine parks. It has the presence of eight food parks and three floriculture parks developed with world-class facilities.

Automobile and Auto-Components

Maharashtra, with a strong presence of established manufacturers and a network of component suppliers and vendors, accounts for about 35% of the country's output of automobiles by valve.
The major automobile centres in the state include Pune, Nashik, Aurangabad and Nagpur.

Electronic System Design and Manufacturing

Maharashtra occupies a significant share of 30.5% of the industrial output of India's ESDM sector.
The state has three electronic manufacturing clusters (EMC) coming up in Pune.
Aurangabad and Navi Mumbai with facilities for R&D and testing. Talegaon and Khed in Pune district are well-established ESDM hubs in the state and have a locational advantage of excellent connectivity to two of India's largest ports - Mumbai Port and JNPT.

Information Technology

Maharashtra accounts for more than 20% of India's software exports.
Pune is among top three cities in India in software exports, while Aurangabad, Nashkik and Kolhapur are the emerging cities.
The state government developed 37 IT parks and approved 472 others during 2016-17. It offers incentives under the State's Industrial Policy for various infrastructures investments such as knowledge parks, exemption on filing patents, etc.

Biotechnology and Pharmaceuticals

Maharashtra has one of the highest numbers of pharmaceutical manufacturing units in the country. The state contributes 20% to the country's total pharmaceutical output. The state offers well-developed infrastructure in the form of effluent and hazardous waste treatment plants in more than 20 locations. It also has well-developed pharma hubs in cities such as Pune, Nashkik, Aurangabad and Mumbai.