About Maharashtra

Maharashtra is situated in the western region of India. It has one of the fastest growing industries-Mumbai, Pune, Nagpur, Thane, Nasik, Solapur, Kolhapur, Sangli, Aurangabad, Amravati and Ratnagiri are some of the major cities of Maharashtra.

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.

Maharashtra is one of the largest producers of sugarcane and pomegranate in the country. Maharashtra is a leading State in agriculture. The State is a major producer of oilseeds. Groundnut, sunflower, soyabean are the major oil seed crops. The important cash crops are cotton, sugarcane, turmeric and vegetables.

The main processing industries in the State are in the sectors of sugar, milk, poultry, rice mill, flour mill, meat, edible oil, vanaspati, fruit and vegetable units, milk processing units etc. There exist immense opportunities for modernising food processing units in the State. Rice, wheat, soyabean, jawar, grapes, pomegranates and mangoes are the main crops that are available in the State for primary and secondary process. Similarly, there is a vast potential for development and setting up processing units for tomatoes, onion, cabbage, okra and cauliflower. In particular, fruit juice pulp and concentrated units, winery, distillery, pickles, rice mill, flour mill, dal mill, soyabean extraction and refining units etc. can be set up in the industrial areas of the State.

Advantage of setting up Business in Maharashtra

Trade and commerce hub of India

• The city of Mumbai is known as the trade and commerce capital of India. It is also the financial centre of India.
• Maharashtra has emerged as a key hub for IT and ITeS, electronics and captive business outsourcing industries.

Rich pool of skilled labour

• Maharashtra has a literacy rate of 82.3% and is home to world class educational and IT institutions.
• The state has a large base of skilled and industrial labor, making it an ideal destination for knowledge based and manufacturing sectors.

Facilitating 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.
• 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.

Policy incentives

• The Government of Maharashtra has several policies in place to set up the right kind of business climate.
• These policies aim to motivate investors to invest into various sectors in the state, thereby contributing to the overall development of the economy.

About Mumbai

The state’s capital, Mumbai, is the commercial capital of India and has evolved into a global financial hub. Mumbai is the entertainment, fashion and commercial centre of India. As of 2016 recent estimates of the economy of the Mumbai Metropolitan Region have been around $160 billion in nominal terms and $368 billion by PPP (PPP metro GDP) ranking it either the most or second-most productive metro area of India.

Mumbai has headquarters of a number of Indian financial institutions such as the Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, the Mint, as well as numerous Indian companies such as the Tata Group, Essel Group and Reliance Industries. Most of these offices are located in downtown South Mumbai which is the nerve center of the Indian economy. Many foreign establishments also have their branches in the South Bombay area.

As of 2021, Mumbai’s Nominal GDP is estimated to be US$277.980 billion and GDP (PPP) is estimated to be US$606.625 billion, Mumbai’s GDP (PPP) per capita rounds up to around US$23,000.

Jawaharlal Nehru Port Trust (JNPT), located east of Mumbai, Maharashtra, also known as Nhava Sheva port, is the largest container port in India. JNPT handles the majority of India’s containerized trade, and is the focal point of long-haul calls to and from the emerging market economy.