Maharashtra lies on the western coast of India. It is the third largest state in the country, occupying approximately 9.4% of the total geographical area. The state is well connected to all the major markets with 3 international airports, over 303,000 km of road network and 6,165 km of rail network.
The state's capital, Mumbai, is the commercial capital of India and has evolved into a global financial hub. The city is home to several global banking and financial service firms. Pune, another major city in the state, has emerged as the educational hub. Maharashtra has emerged as a key hub for IT and ITeS, electronics and captive business outsourcing industries. According to the DPIIT, cumulative FDI inflows in the state of Maharashtra from April 2000 to June 2019 stood at US$ 128.85 billion.
Maharashtra’s gross state domestic product (GSDP) at current prices accounted for 14.89 per cent of India’s gross domestic product (GDP) in 2017-18, the highest among all states.
Maharashtra accounts for 11.4% of India’s textile and apparel output. The sector is 2nd largest employment generator for both skilled and unskilled labourers in the state. The state has 14 private and 10 government textile parks being set up with plug and play facilities.
Maharashtra offers a wide range of attractions such as caves, creeks, beaches, mountains, monuments and forts to engage tourists. The state has launched Unlimited Maharashtra advertising campaign through newspapers and television channels to attract tourists during summer vacations. A half-hour ferry ride across Mumbai harbour takes visitors to view the superbly carved 1,300 years old cave temple on the little island of Elephanta, a favourite picnic spot. In 2017, the state had 119.2 million domestic tourist arrival and 5.08 million foreign tourist arrival.
Major processing industries in the state include sugar, milk, poultry, rice and flour mill, edible oil and fruit and vegetable units. 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 3 wine parks.
Maharashtra is one of the key states in India with gemstone reserves and mining potential. Santacruz Electronic Export Processing Zone (SEEPZ) on 45 ha and Hupri Silver Zone on 81 ha form key part of jewellery designing hubs in the state.
The state accounts for 35% of the country's output of automobiles by value. The major automobile centres in the state include Pune, Nashik, Aurangabad and Nagpur.
Maharashtra accounts for 30.5% of the industrial output of India's ESDM sector. The state has decided to set up three brown field electronic manufacturing clusters in Pune, Aurangabad and Navi Mumbai regions.
The state occupies a share of 20% in India's software exports. Pune is among top three cities in India in software exports. The government has launched Wi-Fi services, which will connect 500 hotspots across Mumbai, under the smart city project.
Maharashtra accounts for more than one-third of the biotech revenue in the country. The state also contributes 20% to India's pharmaceutical output.
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
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