INDIAN STATE : MAHARASTRA

General information

The state of Maharashtra is located in the north centre of peninsular India with the Arabian Sea through its port at Mumbai and the Sahyadri range being the physical backbone. The state enjoys a tropical monsoon climate with the hot scorching summer from March onwards yields to the rainy monsoon in early June. The name Maharashtra means the 'The Great State' or 'Great Nation'. Maharashtra is the largest state in India, both in terms of area as well as population. Maharashtra spans 308000 sq. km. with a population over 78,937,000 and the state language being Marathi, and Mumbai being the state capital.

Maharashtra has always led the country's industrial development scenario and continues to attract the largest quantum of investments, both domestic and foreign. The State has established strengths in every sector including engineering, electronics hardware, automobiles and auto components, consumer durables, chemicals, petrochemicals, pharmaceuticals, textiles, information technology, and biotechnology. The state offers the finest in Infrastructure, excellent educational facilities, quality trained manpower, a professional work ethic and a conducive business environment.

Fact File

Source: Economic Survey of Maharashtra

Advantage Maharashtra

• Maharashtra has led the country's industrial development scenario, in the past and continues to attract the largest quantum of investments, both on the domestic and foreign arena.
• The State has established strengths in every sector including Engineering, Electronics Hardware, Automobiles and Auto Components, Consumer Durables, Chemicals, Petrochemicals, Pharmaceuticals, Information Technology and Biotechnology.
• It offers a conducive business environment, excellent infrastructure support, quality trained manpower and professional work ethics.
• The Jawaharlal Nehru Port Trust (JNPT) is the pride of India and is well connected to the markets of Southern, Northern & Western India.
• Mumbai is considered the financial capital of India.
• The Mumbai international airport handles the largest traffic (Passenger and Cargo).
• There has been a continuous and subdued performance of 'Agriculture & Allied Activities' Sector over the last few years.
• Acceleration in the rate of growth of Agriculture can easily take Maharashtra to the growth rate of 10 per cent.
• The robust Industrial and Service Sectors growth have also been the driving force behind Maharashtra's commendable economic growth rate.
• The largest share of public funds amongst any other States for development of industrial and social infrastructure - a hallmark of State policy.
• Mumbai is the State capital and commercial capital of India.
  

Economic Infrastructure

Aviation

Maharashtra has five domestic airports and one international airport at Mumbai. Most of these airports have regular connections through the Indian Airlines and other domestic airlines. Mumbai is the most connected international airport in India and most of the important international destinations are connected with this place. Maharashtra has domestic airports at Mumbai, Pune, Auranagabad, Nashik, Nagpur respectively and one International airport at Mumbai.

Maharashtra State Financial Corporation (MSFC)

Maharashtra State Financial Corporation (MSFC) is a statutory Corporation set up under the State Financial Corporations (SFCs) Act, 1951 to provide mainly the term loan assistance to small and medium scale industries for acquiring fixed assets like land, building, plant & machinery. Loans are presently extended for expansion, diversification, technology development, enlarging product mix / product range, quality improvement including ISO 9000 series certifications and also for take-over of term loan accounts from Banks.

Ports

The state of Maharashtra has two major ports at Mumbai and Nhava Sheva (JNPT) and 48 minor ports across the coastline of the state.