Last Updated: March 20, 2014
Latest update: April, 2014
Last Updated: April, 2014
MAHARASHTRA State Report | March, 2014
Maharashtra is situated in the western region of the country. The state shares its borders with Gujarat, Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Karnataka, Goa and the Union Territory of Dadra and Nagar Haveli. On its west is the Arabian Sea.
Maharashtra’s gross state domestic product (GSDP) at current prices was US$ 252.7 billion in 2012–13 and accounted for 14.5 per cent of India’s total gross domestic product (GDP), the highest among all states. Total foreign direct investment (FDI) in the state stood at US$ 64.9 billion from April 2000 to August 2013, also the highest among all states in India.
The state has a well-developed social, physical and industrial infrastructure. Apart from three international and five domestic airports, Maharashtra has two major and 53 minor ports. It also has a well-developed power supply grid. The state’s infrastructure sector has experienced significant growth over the last decade, with a substantial rise in the number of industrial clusters and public–private (PPP) projects.
The Government of Maharashtra has several policies in place to set up the right kind of business climate in the state. These policies aim to motivate investors to invest in various sectors in the state, thereby contributing to the overall development of the economy.