According to the Department of Industrial Policy and Promotion (DIPP) report, Maharashtra has secured the highest share of FDI at 29% in 2022-2023, surpassing states like Karnataka, Gujarat and Delhi. The state has also received investment proposals worth INR 4.72 lakh crore between October 2019 and September 2023, with about 70% of them coming from renewable energy, information technology and steel manufacturing sectors.
The state also has a well-developed infrastructure, with 3 international and 7 domestic airports, 50 ports, 17,757 km of national highways and 6,400 km of rail route length. The state capital Mumbai is the financial capital of India and houses leading corporate headquarters and firms.
The state also ranks first in terms of domestic investment intentions, with proposed investments worth Rs 16.8 lakh crore between 2015 and 2020. Some of the major sectors that have attracted investments in Maharashtra are information technology, biotechnology, automobiles, textiles, pharmaceuticals, and tourism. The state government has launched several initiatives and policies to facilitate and promote investment in these and other emerging sectors, such as defence, aerospace, logistics, electric vehicles, and renewable energy. Some of the major investments are:
• Reliance Industries Ltd (RIL) plans to invest Rs 60,000 crore in a digital industrial area in Navi Mumbai over the next 10 years.
• Hyundai Motor India Ltd (HMIL) has invested Rs 3,200 crore to set up a new manufacturing plant in Chakan with an annual capacity of 2 lakh units.
• Amazon India has set up three fulfilment centres in Bhiwandi, Mumbai, and Pune with a combined storage space of over 2.5 million cubic feet.
Denne historien er fra February 2024-utgaven av Manufacturing Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2024-utgaven av Manufacturing Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Innovate & integrate
The recently concluded roundtable on ‘Manufacturing Reimagined: A digital Leap with ServiceNow' focused on the role of digital transformation in manufacturing and supply chain management, emphasising the integration of digital technologies to enhance operational efficiency, sustainability, and business growth.
India's path to global semiconductor dominance
In conversation with Ashok Chandak, President IESA and Dr V Veerappan, Chairperson, IESA
Hydrogen: A catalyst for decarbonisation
Hydrogen is gaining momentum as a versatile solution with the potential to decarbonise various sectors. Exploring the current state of hydrogen, challenges and prospects that lie ahead.
Al's silent cyber attack
Take a sneak peek into the escalating threat of AI-driven cyber-attacks, along with the intricate challenges and imperative strategies in safeguarding against digital invasions.
Revolutionising energy efficiency
Effective electric motor rewinding practices are vital for enhancing energy efficiency and mitigating carbon emissions.
BEYOND TRACKS
From high-speed trains, metros, monorails, to turnkey systems, services, infrastructure, signalling and digital mobility, Olivier Loison, Managing Director of Alstom India delves into the company's century-old legacy and its stride towards the future.
Enhancing asset management with forefront RFID technology
Track, manage and monitor inventory of high-value assets using Zebra Integrated RFID technology to optimize workflow.
The role of robotics, automation & network integration
There is a symbiotic relationship between robotics, automation, and network technology. With the Internet of Things projected to exceed 25 billion devices, the integration of cutting-edge robots into interconnected systems is rapidly becoming a reality.
Pune Machine Tool Expo and FACTEQ 2024 to propel manufacturing progress in India
The four-day event featured around 230 exhibitors
UltraTech Cement's ₹800 crore investment
UltraTech's board greenlights capacity expansion at the Parli facility by 1.2 million tonnes