1 / 23

The Gateway to India

MAHARASHTRA. The Gateway to India. 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

Download Presentation

The Gateway to India

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. MAHARASHTRA The Gateway to India

  2. 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

  3. INDIA’S ECONOMIC POWERHOUSE • India’s largest economy: 13% of National Income • Per Capita Income 45% higher • 9% average growth in last 4 years (slowdown, 08-09: 6.7%, high by world standards )

  4. INDIA’S ECONOMIC POWERHOUSE • Maturing economy: growing services (62%), strong industry base (25%) • 4.8% industrial growth 08-09 (7.5% in 07-08)… • …But services continue to grow at over 10%

  5. 1/5th of country’s industrial output value and net value added 14% of all factory employment India’s largest employment provider (total, and non-farm) Over 40% of India’s fiscal receipts INDIA’S ECONOMIC POWERHOUSE

  6. Since 1991 delicensing, highest no. of industrial proposals, largest employment Leads in value of output in 15 out of 25 Industry sectors… …including auto and components, machinery, food products, basic metals, etc High productivity: “A factory in Maharashtra employs 16% more capital and 2% more labour, but produces 37% more output and adds 51% more value” (ASI) INDUSTRIAL DIVERSITY, DEPTH

  7. 159 industrial Mega Projects approved since June, 05… …of which 35 in 08-09, 27 more upto August, 09 inspite of slowdown Rs. 1,37,000 cr investment proposed, 2.04 lakh new jobs expected (+ GFH, 2 other ‘prestigious’ projects) INDUSTRIAL MEGA PROJECTS

  8. 41 in production, including GM, VW, Hyundai, LG, CanPack, Rieter, GM (19 in backward areas) 39 under construction, 35 have obtained land Latest entrants include global leaders like POSCO (South Korea), GM expanding INDUSTRIAL MEGA PROJECTS

  9. Rs 504,272 cr investment planned or under execution, 6,152 infra, industrial, other projects (Projects Today, September 09) Followed by AP, Orissa, Gujarat, WB and TN 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

  10. Since 1991, 23% of FDI into India, highest share: 4,133 approvals, Rs. 82,000 cr 17% of Foreign Technical Collaborations India’s leading exporter, over 25% share… Competitive business, enabling environment MOST GLOBALLY CONNECTED STATE

  11. 146 approved SEZs, highest in India 54 notified: 10 have started development, units eastablished in 14 SEZs so far 64 units already set up, 65,000 actual employment MIDC, MADC and CIDCO also major players, alone or with leading private partners MOST GLOBALLY CONNECTED STATE

  12. 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 PEOPLE POWER…

  13. …AND SOME OTHER STRENGTHS • Strong, improving, expanding infrastructure: old strengths, new plans • MIDC: largest industrial infra provider, supplies water to several cities/towns also • Mumbai: world’s 6th largest metropolitan area, India’s most cosmopolitan city, among world’s top 10 Financial Centres

  14. POLICIES • Mega Project Policy 2005 • Industrial, Investment & Infrastructure Policy 2006 • Package Scheme of Incentives 2007, stress on backward areas, employment

  15. POLICIES • BT Policy 2001 - “Maharashtra now has 33% share of BT industry, followed by Karnataka” (BioSpectrum) - New incentives for private BT Parks • IT & ITES Policy 2003 - 8 x export increase, now 2nd to Karnataka - 63 private IT Parks started, 1.42 lakh jobs - New Policy 2009 announced

  16. POLICIES • Wine Policy 2001 - 10 x increase in wine production, 90% share - Recent VAT reduction, extension of excise exemption • SEZ Policy 2001 • Draft SEZ & Designated Areas law, awaiting Central approval

  17. 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)

  18. WHAT OTHERS SAY • “Largest project investment, high and increasing implementation rate” (‘Projects Today’) • “Maharashtra tops Indian States, best industrial climate for investment” (followed by Gujarat, TN and AP) (‘New Media’, with Indicus Analytics, July 2009)

  19. WHAT OTHERS SAY • “Most favoured destination in 08-09: 20.6% of institution-financed private corporate capex (followed by Gujarat, Orissa and AP)” (Reserve Bank of India, August 09) • 3 x increase, up from 3rd place in 07-08

  20. SOME ISSUES • Land acquisition, resettlement • Real estate costs in prime areas • Employment to ‘local’ people • Balanced regional development • Strengthening infrastructure, tailoring PPP models

  21. SOME ISSUES • Improving ease of doing business • Impact of global financial crisis, economic slowdown • Inter-agency coordination, Centre and State

  22. ROLE OF CHAMBER • Interface between companies and State agencies • Feed members’ experience into State policy and procedures • Anticipate future problems and opportunities, with State-level focus

  23. MAHARASHTRA America’s Gateway to India

More Related