GOLDEN MAHARASHTRA Leading India
China US India Japan Brazil Russia Mexico Germany France UK Italy Canada Growth prognosis - year 2000 vs. year 2020 0 5,000 10,000 15,000 20,000 25,000 GDP (US$bn) Goldman Sachs - By 2020 India s s economy will be the 3 rd largest
India is amongst the world s top 10 economies! 2 nd fastest growing economy in the world 7.4% GDP growth Forex reserves more than $ 200 billion Low inflation
India- EU Trade Grown from Euro 4.4 billion in 1980 to over Euro 50 billion at present. India is EU s 9th largest trading partner in Asia. Major exports to EU: textiles, gems & jewelry, leather goods, agro products and chemicals. Major imports: machinery and chemical products. EU FDI commitment in India stands at approximately Euro 2.4 billion.
Advantage Maharashtra maharashtra-01.gif
LARGE, LITERATE AND URBANIZED India s 2nd largest State 308,000 sq kms, from coast to central India 110 m people (9%), more than most countries 42% Urban, against India s 28% Young, 67% below 34 years Literacy 77% (India: 65%), sharp increase in female literacy in last decade
INDIA S ECONOMIC POWERHOUSE 13% of National Income, India s largest economy Per Capita Income 45% higher than national average 9% average growth in last 4 years (slowdown, 08-09: 6.7%, high by world standards )
INDIA S ECONOMIC POWERHOUSE Maturing economy: growing services (62%), strong industry base (25%) 4.8% industrial growth 08-09 (7.5% in 07-08) Services continue to grow at over 10%
Maharashtra s Capital - Mumbai is India s Financial Capital Mumbai amongst world s top 10 financial centres (Study - Mastercard Worldwide 2007) Generates 5% of India s GDP BSE & NSE account for over 70% of the volume across all stock exchanges in India Over 90% of commodities turnover transactions executed from NCDEX & MCX Headquarters of Reserve Bank, FIs, MNCs Handles 90% of all merchant banking activities Time Zone is an added advantage Centre of entertainment Bollywood
Maharashtra : INDIA S ECONOMIC POWERHOUSE 25 % Country s exports 22 % of Export Oriented Units 77 % of country s Gems and Jewellry exports 25 % of Country s IT exports 14% of all factory employment Leads in value of output in 15 out of 25 Industry sectors including auto and components, machinery, food products, basic metals India s largest total and non-farm employment provider
Industrial leadership Highest FDI in country: 4133 proposals with investment of USD 18 Billion Industrial Investment: 15250 projects with investment of USD 106 Billion under implementation. 6500 units in operation with USD 30 billion invested. 1/5 of India s fresh investment (Apr June 09) Implementation rate 51%, 2-12 %age points above leading States, rising trend
LEADS IN PROJECT INVESTMENT 17% of Foreign Technical Collaborations 33% share in Biotech revenue of the country.
PEOPLE POWER 13% of India s engineering colleges, 1/5th of management colleges, spread across State Over 200,000 annual student intake in professional, technical and related institutions Innovative industry partnerships with ITIs, polytechnics
Higher Education In Maharashtra 1 Number Of Universities 12 2 Deemed & Other 19 Universities 3 Affiliated Colleges 1712 4 University Students 1 Mln.
Type Of Courses Institutes Intake 1 Post Graduate 478 34000 2 Degree 462 98000 3 Diploma 839 98000 4 Industrial Training 624 98000
Emerging areas of technical education Automobile design and manufacturing E-supply chain management Enterprise application management Data warehousing Aviation Insurance services Content management
POLICIES IN PLACE BT Policy Wine Policy IT & ITES Policy Mega Project Policy Industrial, Investment & Infrastructure Policy Industrial Promotion Policy
IT AND ITES 36 IT Parks in Public Sector and 380 in the Private Sector 32% of country s IT Professionals 32% of Internet Subscribers 35% PC penetration 20% of Software Exports 25% of the Top 500 Software Companies present
SOME KEY INDUSTRIES Auto & Auto Components: 38% of country's output Engineering: 23.1% Textiles: 10.4% IT & ITES: 30% of software exports Pharmaceuticals: 40 % Chemicals & Petrochemicals: 27.4 %
Mega projects policy Mega status granted based on the magnitude of investment and employment Industrially backward areas have preferential norms Incentives relate to investments and to taxes paid to State.
POLICIES IN MAKING SEZ & Designated Areas legislation Textile Policy Agro Processing Policy Legal framework for PPP in Infrastructure Law for single window, time-bound clearances
Providing a conducive environment for investments VAT E returns under M VAT Act introduced for all dealers. (highest in the country). Registration (TIN) process automated Property registrations: Complete computerization of the existing property registration process Anywhere anytime property registration process under development. Integrated e-governance project under implementation.
The vision going ahead Ensure GSDP growth in manufacturing and services sector of minimum 10 & 12% respectively Develop Maharashtra as Asia s most competitive manufacturing and services hub Develop Mumbai to be amongst the top 5 financial centres in the world Provide employment opportunities to additional 2 million persons Retain the number 1 position of Maharashtra as the most attractive investment destination
WHAT OTHERS SAY Ranked ahead of Brazil, Italy, Korea, South Africa and Russia (IMD Switzerland s World Competitiveness Report 2006 ) India s most competitive State ( Businessworld 23.2.09, with Institute for Competitiveness, Gurgaon)
WHAT OTHERS SAY Maharashtra tops Indian States, best industrial climate for investment (followed by Gujarat, TN and AP) ( New Media, with Indicus Analytics, August 09) Maharashtra has 20.6 % of Investment Of India ( Highest ) RBI Report on Investment 2008-09 published in Sept. 2009