Select Maharashtra

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Do You Know Why Maharashtra Is India's Economic Powerhouse?

Maharashtra – the most industrialized state in India, is a socio-economic powerhouse of the country. Maharashtra being the most developed and industry friendly state has now become the socio-economic powerhouse of India.

Maharashtra is known as the hub of the automotive industry as major automotive manufacturers are operating from the state. Cities like Pune, Aurangabad, Nashik, Mumbai, have major auto clusters, which has the manufacturing facilities of leading automotive manufacturers.

Key Points about Maharashtra –

Largest GDP in India – Maharashtra has the largest GDP in India worth $400 billion which accounts for almost 14% of the total country’s GDP. The GDP share of the state increased due to the industries operating in the state, as the state offers various fiscal benefits for the foreign investors willing to start their operation in Maharashtra.

Largest Share in FDI – Maharashtra attracts the major portion of Foreign Direct investments (FDI) in India, due to the investor friendly policies of the state. The FDI inflows in the state of Maharashtra from 2000 to 2020 is near about $7 trillion, which is the highest during the said period and accounts for 30% of the total FDI inflows in the country.

Leader in Manufacturing – as discussed above, Maharashtra has the most industries as compared to other states in India. These industries contribute to about 15% of the industrial output of India.

State with High per capita income – Maharashtra has the highest per capita income in India at $3190 recorded in the financial year 2019-20. This is due to the industries present in the state offering good wages to highly skilled workforce.

Exports – Maharashtra is leading in terms of exports from the state as compared to other Indian states. The state accounts for 21% of the total Indian exports.  With the presence of two major international ports, makes it easier for exporting from the state.

Quality Workforce- Maharashtra has the top academic institutions of India, which prepares highly skilled quality manpower. The state has 68% of working population out of which major portion comprises of young manpower.

Infrastructure – Maharashtra is a state with infrastructural led growth, with 30+ mega projects under development and $40 billion of investments in transport infrastructure. Along with this, the state has 2 major international sea ports at Mumbai, 3 International airports at Mumbai, Pune & Nagpur, with Mumbai airport being one of the busiest in the world. The state has a large railway network of 6000+ kms, and a network of 15+ expressways connecting with the major cities in India.

All these key-points make the state as one of the most important investment destinations in South Asia & has become the economic powerhouse in India.

Select Maharashtra

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Maharashtra the gateway to Indian market

Maharashtra is the most developed state in India. It is known as the gateway for the foreign investors to enter the Indian market with a high potential. Maharashtra being the most industrialized state is also the automotive hub of the country, as major automotive OEM’s, Tier-1&2 companies are operating from the state.

Maharashtra is well connected internationally with major International Airports in the state, at Mumbai, Pune & Nagpur. Along with this the state has about 6000 kms of rail network which is connected with the major cities in India. Maharashtra has a network of 15+ expressways passing through the state which offers high-speed transportation.

Being the most industrialized state in India, Maharashtra attracts major portion of the FDI inflows in India. Maharashtra being the 3rd largest state in India, has the capacity to incubate more industries with the availability of 66,000 thousand hectares of bare land.

The state is having a coastline of 720 kms, where two major international ports are located namely – Mumbai Port and JNPT (Jawaharlal Nehru Port Trust), which accounts for the major cargo transport in India.

Mumbai- the capital of Maharashtra which is also known as the financial centre of India, has many important financial institutions of the country operating from the city itself. Apart from this, Mumbai is well known for its film industry renowned as Bollywood, which generates a whopping amount of revenue for the state as well as the country.

Cities like Mumbai, Pune, Aurangabad, Nashik have major industrial zones and clusters where leading global manufacturers are having their manufacturing setup. Maharashtra have specific industrial zones for Automotive, Chemical, ESDM, Pharma, etc. these industrial zones offers the necessary resources required for the industry to function in the specific area.

Being one of the largest states, Maharashtra has most industries compared to any other state in India, which makes Maharashtra the most industrialized state in the country.

Maharashtra is known as the Automotive hub of India, as major automotive OEM’s, Tier-1&2 companies are having their manufacturing facilities in the state which contribute to the state’s economy.

With all these factors, Maharashtra continues to lead the industrial scenario of the country and contribute for the major share in the country’s GDP.

India being the seventh largest country and the second most populous region in the world, many foreign industries are trying to enter the potential Indian market of about 1.38 billion consumers.

And to reach out to these consumers, the best way is to start through Maharashtra, which offers great flexibility to the industries with all the fiscal benefits. To know more about the fiscal measures of the state of Maharashtra, and the opportunities of investing in the state, there’s an investment summit organised on 27th April 2021.

This Virtual Investment Summit named- Select Maharashtra, will be addressed by Hon. Chief Minister of the State of Maharashtra, where he will be guiding about the investment potential of the state and all the fiscal measures.

This Virtual Investment summit is organised on a virtual reality platform, which can be accessed from any type of digital device, being a device friendly event.

To know more about the investment summit, visit- www.selectmaharashtra.com, and know the investment opportunities in the state of growth & development.