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MahaConnectMahaConnectThe Business NewsletterThe Business Newsletter

M a h a r a s h t r a I n d u s t r i a l D e v e l o p m e n t C o r p o r a t i o n ( M I D C )M a h a r a s h t r a I n d u s t r i a l D e v e l o p m e n t C o r p o r a t i o n ( M I D C )

F r o m G o v e r n m e nt o f M a h a r a s h t r a F r o m G o v e r n m e nt o f M a h a r a s h t r a -- M I D CM I D C

15th Issue

NashikNashik–– The Wine Capital of IndiaThe Wine Capital of India

Maharashtra’s IT SectorMaharashtra’s IT Sector‘An engine for Global Economic Growth’‘An engine for Global Economic Growth’

2July, 2011

Knowledge Partner

Government of Maharashtra - MIDC Business Newsletter

Dear Reader,

As Government of India (GoI) prepares to submit its approach paper for its 12th Five-year plan (2012-17), the Planning Commission’s focus is on “Faster, More Inclusiveand Sustainable growth”. The plan is expected to be one that encourages thedevelopment of India’s agriculture, education, health and social welfare. It is alsoexpected to create employment through developing India’s manufacturing sector andmove the nation higher up the value chain.

Government of Maharashtra (GoM) hosted the two day Regional Level Consultation-Western Region for the Planning Commission in Mumbai. It involved the participationof four other State Governments- Goa, Gujarat, Madhya Pradesh and Rajasthan, civilsociety group, academics, and representatives of urban local bodies, trade unions etc.The agenda of the meet was to prepare the approach paper for the 12th Five YearPlan and to discuss the view and opinion of the State Governments and otherStakeholders.

Maharashtra offers a model for Economic Progress and Development for thedeveloping nations. Its significant contribution to Indian economy has made Indiavisible in the competitive market of the World Economy. Emerging as ‘Investor friendly’destinations in the country, Maharashtra offers myriad of opportunities for businessand Investments.

According to the Statistics released by the Department of Policy & promotion (DIPP),Maharashtra accounts for 32% (INR 27,669 crore) of the Foreign Direct Investment(FDI) in 2010-11; highest amongst all States in India. This growth cannot be long termwithout focusing on ‘Sustainability’. Adoption of latest technology, improved processesand responsible use of resources are the initial steps towards sustainable growth.

Maharashtra is taking various initiatives to ensure sustainable growth. Maharashtra isa power sufficient state. Increase in power demand is a natural corollary to the growththat Maharashtra is witnessing. The energy demand is proposed to be met with variousrenewable sources of energy. In line with recent investments, Gas Authority of IndiaLimited (GAIL) has drawn up an ambitious plan to set up its first natural gas-basedpower plant in Uran, Maharashtra. Birla Surya Ltd (BSL) also plans to invest in thestate to build India’s largest integrated plant for fabrication of multi-crystalline siliconwafers and processing of solar photovoltaic cell.

Delhi-Mumbai Industrial Corridor (DMIC) is being developed as 'Global Manufacturingand Trading Hub' -supported by world class infrastructure and enabling policyframework. 17% of DMIC Project Influence area (PIA) will pass through Maharashtra.The major districts covered under DMIC are Thane, Nashik, Pune, Aurangabad,Ahmednagar, Dhule, Nandurbar & Raigad. DMIC is expected to triple industrial outputin the next five years.

This issue also highlights GE and Hempel investment plan to set up manufacturingfacility in Maharashtra. State of Maharashtra has been able to create a very positiveimpact on international investors where Maharashtra is now seen as a place wherepromises are not only kept but also executed in timely manner.

We at Mahaconnect believe that these newsletters with varied facets not only enthrallour discerning readers but also trigger responses and suggestions that help usimprove further.Please connect with us at [email protected]

Dr. Kshatrapati Shivaji (IAS)Chief Executive OfficerMaharashtra Industrial Development Corporation (MIDC)

Dr. Kshatrapati Shivaji (IAS)

Chief Executive Officer, MIDC

Editor’s Letter

mailto:[email protected]

Knowledge Partner


3July, 2011

News UpdateNews UpdateRegional consultation with the stateGovernments of the western region

Hempel Starts Manufacturing Unit in Nashik, IndiaInvestment INR 100 crore

Planning Commission vice-chairman ShriMontek Singh Ahluwalia and Unionminister of state….read more on pages 4

Hempel, world's specialized industrial andmarine paint suppliers, is expanding itsoperations in the Indian subcontinent.With the opening ….read more on page 11

“Faster, More Inclusive andSustainable growth’’

GAIL's set up first natural gas-based power in Maharashtra

Country’s giant gas and oil explorer, theGas Authority of India Limited (GAIL)has drawn up an ambitious plan to setup its first natu,… read more on page 12

Investment of INR 800 crore

Investment INR 700 CroreGE India, the subsidiary of US-basedGeneral Electric, plans to invest INR700 crore to set up a multi-productmanufacturing … read more on page 14

Birla Surya to set up silicon wafers unitin Maharashtra

Investment INR 5,400 croreBirla Surya Ltd (BSL), part of the YashBirla group, plans to invest INR 5,400crore in Maharashtra over the next fiveyears to build ….… read more on page 13

Mahaconnect

GE Plans Equipment Facility at Chakan

Insight on the tremendous growth and investment potential in various sectors of MaharashtraA delegation of five members compri-sing of Mr. Nporaslan hadi Abdul Kadir,Consulate General Malaysia (Trade),Mr. Dato’Zaka.… read more on page 15

NashikThe Wine Capital of India

Maharashtra is divided into six revenuedivisions for administrative purpose whereNashik is one of…read more on pages 7-9

Nashik has also carved a nichefor itself as India's "Napa Valley’’

Cover Story of the Month

Maharashtra’s IT Sector‘An engine for Global Economic Growth’Expected to grow by 19.2% andreach USD 88.1 bn in 2010-11The Indian IT- business processoutsourcing (BPO) sectors including thedomestic and…….read more on pages 5-6

Moving beyond the obvious . . .State Echelon

1 2 3

As per Department of IndustrialPolicy & Promotion (DIPP) factsheeton FDI from March 2010-April 2011,state-wise FDI clearly reflectsdomination ..…read more on page 17

4July, 2011

Knowledge Partner


4

Hon’ble Planning Commission vice-chairman Shri Montek Singh Ahluwaliaand Hon’ble Union Minister of State forPlanning Shri. Ashwini Kumar were inMumbai on 27-28 June, 2011 to holdregional consultation with the StateGovernments of the western region —Maharashtra, Madhya Pradesh, Gujarat,Goa — on the 12th Five Year Plan.

The 12th Five-year plan (2012-17)main objective is on “Faster, MoreInclusive and Sustainable growth andthis regional consultation will help infinalising the final document that willlay down the path for development inthe coming five years.

The panel had identified 12 majorchallenges to be addressed during the12th Plan period and the final approachpaper would be worked out afterconsultation with all regions. Thechallenges included capacity building,quality education, better health careand protecting environment, amongothers.

Hon’ble Chief Minister, MaharashtraShri Prithviraj Chavan announced thestate administration was anticipating11% development in the Gross StateDomestic Product (GSDP) during the12th Five Year Plan.

He also suggested that acceleratedirrigation benefit programme norms bechanged and the government share beincreased to 75% from 25% for projectsother than drought- prone area and tri-Bal areas.

Regional Consultation with the State Governments of the Western Region

“Faster, More Inclusive and Sustainable growth’’

He said supply of crushed and washedcoal by domestic coal companies wouldresult in reduction of transportationcost and improvement of performance.

According to him, allocation ofdomestic (KG D6) gas should beconsidered on priority to Maharashtra,which has poor hydro potential. Hecalled upon the central government torelease more funds under JawaharlalNehru Urban Renewal Mission andextend support till 2013-14. Heemphasised a need for a separatesubmission for mega cities.

Hon’ble Chief Minister, MadhyaPradesh, Shri Shivraj Chauhan saidstate-specific schemes be implementedinstead of one for all states. He saidstate had received investmentproposals of INR 1,30,000 crore andthey are under various stages ofimplementation.

Hon’ble Chief Minister, Goa, ShriDigambar Kamath called upon thePlanning Commission to lend a timelyhelping hand to smaller state of Goa,which had the potential to become arole model of peaceful and inclusivedevelopment across the country.

The Gujarat government said themigration from rural to urban areas is acritical issue and there is a need tocreate urban infrastructure in thelarger villages. Hon’ble Additional ChiefSecretary (Planning), Gujrat, Shri V NMaira said rural initiatives of Gujaratwas a step in this direction creatingurban like amenities in rural areas.

12 th Five Year Plan12 th Five Year Plan

“We are looking at consultations with the civil society, elected representatives and not just officials for preparing the 12th Five Year Plan,” said Shri Montek Singh Ahluwalia . He added that the aim was to achieve growth rate of 9% and focus areas were power, water, urbanisation and sustainable development.

Hon’ble Chief Minister, Maharashtra Shri Prithviraj Chavan

5July, 2011

Knowledge Partner


Indian IT Service Industry

The Indian IT- business processoutsourcing (BPO) sectors includingthe domestic and exports segmentscontinue to gain strength, experiencinghigh levels of activity both onshore aswell as offshore.

The IT sector is expected to grow by19.2% and reach USD 88.1 billion in2010-11 as compared to USD 73.9billion in 2009-10. The domesticmarket (including hardware) grew by16% in FY2011, to reach USD 17.35billion. The industry is one of thebiggest job creators in India and amainstay of the national economy. It isexpected to add 2.4 Lacs jobs inFY2011, thus providing direct employ-ment to over 2.5 million and indirectlyemploying 8.3 million people. In 2010-11, export revenues are estimated togross USD 59 billion as compared toUSD 50 billion in 2009-10.

Key Facts:

►Hardware and IT Services accountfor 75% of total revenues

►Data center services market isforecast to grow at CAGR of 22.7%(from 2009 to 2011)

►Indian software product segment isestimated to reach USD 3.46 billion

Indian BPO services industry

The BPO sector continues to be the fa-stest growing segment of the industry

Maharashtra’s Information Technology Sector‘Fostering a Healthy World’

IT sector is expected to grow by 19.2% and reach USD 88.1 billion in 2010-11

and is expected to have reached USD14.1 billion in 2010-11, growing at14%, as per the Strategic Review 2011.The year also witnessed the next phaseof BPO sector evolution - BPO 3.0 -characterised by greater breadth anddepth of services, process re-engineering across the value chain,increased delivery of analytics andknowledge based services throughplatforms, strong domestic marketfocus and SMB centric delivery models.

The country’s domestic market for BPOis projected to grow over 23% to touchUSD 1.4 billion in 2011, says globalresearch group Gartner. In 2010, thedomestic BPO market was worth USD1.1 billion. The firm predicts that thedomestic BPO market would reach USD1.69 billion in 2012 and increase toUSD 2.47 billion by 2014.

…continued on the next page

Information Technology Sector

Information Technology Sector

Cover Story

Break-up of exports by service line, FY11

Source: Information Technology Annual Report 2010-11

6July, 2011

Knowledge Partner


continued… Intellectual Capital of Maharashtra

►Maharashtra offers a soundeducational Infrastructure with ma-ximum number of universities inthe country

►National Centre for SoftwareTechnology (NCST) an autonomousR&D Organisation of the Departm-ent of Electronics, Government ofIndia is present in the State

►Indian Institute of Technologyoffers varied courses for IT sector

►NIIT, a part of the HCL group, hasalliance with Microsoft Corporationas training partner in India fortraining in Microsoft technologiesand products and has its institutesat various location in Maharashtra

►Xavier Institute and Narsi MonjiInstitute of Management Studiesimparts training on Microsoftproducts and technologies

Advantage Maharashtra

►Proximity to international marketwith world class connectivity

►Presence of all top IT/BPO players►Single Window Clearance Mechan-

ism►India’s financial hub►Skilled manpower and premiere►R&D centers and training institutes►Total investment in IT Parks INR

7750 Crore

►Total FDI in IT Sector Maharashtraas of September 2010 INR 12,765crore

Maharashtra IT Policy Support

IT/ITes Policy 2009:

►Additional FSI for IT parks►Recreational, residential and other

support facilities►Eligible IT-ITES units covered under

PSI will be exempt from paymentof Electricity Duty

►IT/ITES units will be supplied powerat industrial rates

►Property tax shall be levied on IT-ITES units at par with residentialrates

►VAT on sale of IT products willgenerally be charged at theminimum floor rate

Package Scheme of Incentives (PSI), 2007

►100% waiver of Stamp Duty►Exemption from Electricity Duty►Interest subsidy►IPS (Industrial Promotion Subsidy)►Refund of Octroi / Entry Tax in lieu

of Octroi►Special Incentives for Units coming

up in the low Human DevelopmentIndex Districts of : Gadchiroli,Yavatmal, Jalna, Nandurbar, Was-him, Dhule, Nanded, Osmanabad,Buldhana, Chandrapur

Cover Story

Maharashtra IT/ITeS Industry

Maharashtra is the leading IT Hub inIndia. Maharashtra’s IT sector grewat 24% from USD 2.091 billion toUSD 8.786 billion in 2008-09. 90%of the India IT-BPO industry isconcentrated in 7 cities in India,including Mumbai and Pune.Maharashtra contributes over 30% ofthe country's total export ofsoftware. Pune witnessed the highestIT exports, contributing more thanhalf of the total at around USD 5,228million, followed by Mumbai at USD3,346 million in 2008-09. The STPIunits in Nagpur, Nashik, Aurangabad,and Kolhapur also showednoteworthy growth. Aurangabad,Nagpur and Nashik are the emergingIT centres in Maharashtra.

Recent Initiative in Maharashtra e-Governance

►Open TechnologyCentre (OTC)►National e-Governance Plan (NeGP)►Electronics Hardware Manufactu-

ring►Common Service Centres (CSCs)►State Data Centres (SDCs)►Community Information Centres

(CIC)►National Knowledge Network (NKN)►State Wide Area Networks

(SWANs)►E-complaints System for the police

Maharashtra offers software prod-ucts for all industry verticals such asAutomotive, Engineering, Automat-ion, Networking and Hard-ware,Electronics, Energy, Telecom, Oil andPetroleum, Hospitality, Healthcare,Financial Services, Logistics, Retail,e-Governance, Education etc.

7July, 2011

Knowledge Partner


Maharashtra is divided into six revenuedivisions for administrative purposewhere Nashik is one of the divisions. Itlies on the banks of the Godavari Riverand the western side of the DeccanPeninsula. "Nashik" is deemed the thirdmost industrialized city of Maharashtraafter Mumbai and Pune.

Nashik has the fourth largest urbanarea in Maharashtra in terms ofpopulation and contributes to 12.6% ofthe Gross State Domestic Product(GSDP). According to Economic Surveyof Maharashtra 2010-11 the totalpopulation (Census 2001) of Nashikstands at 49.94 Lakhs with literacyrate of 74.36%. The per capita districtincome of Nashik (approximately INR71,526) is at par with that ofMaharashtra.

All transport avenues such as road, railand air are being spruced up. Nashik isone of the major road junctions ofIndia. The Mumbai-Agra nationalhighway (NH3) runs through Nashik. Itis a 4 lane expressway and gives fastconnectivity to Mumbai. Nashik is alsoconnected to Pune with Nashik-PuneNational Highway NH-50. GoM hasplans to develop Ozar airport nearNashik. Ozar has been attracting air-traffic due to industrial, agriculturaland tourism related developmentaround Nashik.

Today Nashik is one of the fastestgrowing cities of India and has evenbeen identified as a Tier-2 metro. Themain industries that have contributedto the economic growth of the city inthe last several years are agriculture,manufacturingand engineering.

Nashik‘The Wine Capital of India’

Investment HotspotInvestment Hotspot

Nashik has also carved a niche for itself as India's "Napa Valley’’

Agriculture is an important part of theNashik economy. The city is a majorexporter of onions, table grapes,pomegranates and tomatoes. Tofacilitate the export a Container FreightStation has been started at MIDCAmbad by the Central Government.Due to the high yields of certainvegetables here, there is an immensepotential for the food processingindustry also. Nashik is also increasingthe production of strawberries andsome flowers, such as roses, in a bigway. Climate in the District is alsosuitable for allied activities such asdairy, poultry, and sheep and goatrearing. There are two large units ofpoultry viz. C & M Groups and AshokKumar Hatcheries in Nashik.


Buddha Pagoda Igatpuri

Ramkund

8July, 2011

Knowledge Partner


continued…

The city's economy is driven chieflyby the manufacturing and engineer-ing industry. Nashik can boost aboutthe production of light-heavyengineering products such asairplanes, automobile parts and otherancillary engineering components.Hindustan Aeronautics Limited(HAL), an aircraft manufacturingplant is located about 16 km from thecity. Auto majors such as Mahindra &Mahindra, BOSCH and OriginalEquipment Manufacturers (OEMs)such as Atlas Copco, CEAT etc. havetheir plants here and have spawned ahuge network of auto componentsuppliers and engineering ancillaryservices.

The main industrial zones in andaround Nashik are Ambad, Dindori,Igatpuri, Satpur and Sinnar. The cityof Nashik has undergone tremendouschanges in the last 15 years. This haslargely been due to MIDC efforts,which converted many parts of thecity, such as Ambad and Satpura,into major industrial centers.

In addition to the big industrial areadeveloped by the MIDC, as per thepolicy of the GoM on industrialisationin rural areas almost all the blocks ofthis district have been covered underCooperative sector. There are seve-ral Cooperative Industrial Estatessuch as Nashik Industrial CooperativeEstate (NICE), Sinnar , Manmad, Mal-egaon, Yeola, Kalvan, Pimpalgaon,

Igatpuri, Chandwad located in andaround Nashik. Cooperative Indus-trial Estate of Sinnar is one of thelargest cooperative industrial estatein the country and has also beenpresented an award by theFederation of Cooperative IndustrialEstates.

Some of the World-renownedmanufacturers who have set upplants in the Nashik MIDC area areCrompton Greaves Ltd, ABB Ltd, Kirl-oskar Oil Engines Ltd, VIP IndustriesLtd, Siemens, Larsen & Toubro, GSK


.

Nashik has also grown into a majorwine producing city. Nashik has alsocarved a niche for itself as India's"Napa Valley" with locally establishedwine brands such as "Sula" and"Zampa. A grape wine parkadministered by MIDC has also beensetup in Nashik called the ‘NashikWine Park’. MIDC serves to providethe wine park with all the facilitiesand amenities, such as water supply,road network, power supply andtelecom, to create an environmentconducive to more investment in thissector. It produces quality wineswhich have been praised all aroundthe world. Wine production in Nashikis witnessing exponential growththanks to the support it is gettingfrom the GoM. It is a very profitablesector for investment.

“Nashik is known for itspleasant and cool climate,picturesque surroundings, highstandard of living, greenery andwell-developed infrastructure.”

Waterfall-vihigaon

‘Nashik’- The third angleof the golden trianglealong with Mumbai andPune

9July, 2011

Knowledge Partner


continued…

Coca Cola, Victor Gasket Ltd, GabrielIndia Ltd, Jindal Steel, Samsonite,Ashoka Buildcon Ltd.

Nashik is also home to several small-scale industries such as blankets,wooden artifacts, leather footwear,earthenware, tiles and bricks. Inremote areas like Surgana Block,many tribals are engaged in Carpetweaving. NABARD has also selectedYeola Block for Development ofPaithani Cluster. Some of the large-scale industries are the rice mills,sugar industries and oil mills. Otherimportant industries that contributeto the revenue of the city areengineering articles, dyes andchemicals, electrical parts andelectronic equipment. It is also apharmaceutical hub with presenceGlaxoSmithKline and Fem.

Nashik is emerging as an IT/BPOdestination. Vascon Engineers, aleading construction company ofPune is making a foray into Nashik,to now convert it into an IT Hub, withthe launch of Nashik’s first IT Park,V-Tech. MIDC has also developed twoIT parks at Ambad.

Nashik has been the educational hubof North Maharashtra. The city hastwo state-run universities, theYashawatrao Chavhan MaharashtraOpen University and the MaharashtraUniversity of Health Sciences. TheDistrict also has national levelinstitutes like Dr. Babasaheb Ambed-kar Institute of Rural Technology &Training and Indian Institute ofNumismatic Studies & Research.

Some of the important Public Sectorestablishments like India SecurityPress, Currency Note Press andThermal Power Station etc. are alsolocated in the District. TheAssociations of Industrialists are veryactive. They help to solve theproblems of the industrialist withpositive approach. Nashik Industriesand Manufacturer’s Association(NIMA) organizes exhibitions on aregular basis. This helps in marketingand promoting their products.

Nashik also called "Tomorrow'sMetro” offers myriad of opportunitiesand foreign investors can look toinvest in various areas andavenues in Nashik to reap multiplebenefits.

.

Nashik also called "Tomorrow's Metro"

Sula Vineyards

10July, 2011

Knowledge Partner


Established in 1915, HEMPEL engagesin the production and sales of marinepaints, protective coatings, containercoatings, decorative paints and yachtpaints. The mega paint manufacturercurrently operates in over 80 countriesacross the world with 23 manufa-cturing units.

Hempel Starts Manufacturing Unit in Nashik

Hempel, world's specialized industrialand marine paint suppliers, isexpanding its operations in the Indiansubcontinent. With the opening of anew manufacturing unit in Nashik,Maharashtra, Hempel is strengtheningits manufacturing capabilities andpresence in the Indian subcontinent.The company also plans to investapproximately INR 100 crore in agreenfield project over a period ofthree years.

The new plant will feature the latest inenvironmentally friendly coating produ-ction equipment, including a semi auto-matic powder handling system, anautomatic liquid dosing system and asolvent recovery unit.

"India is a very important market forHempel and the expansion will fast-track our growth in the region," saysMr. Umesh Singh, Director, HempelSouth Asia. "While Hempel already hasa large share of the global market insegments including wind turbines,cranes and infrastructures, India hasalso seen rapid growth in thesesegments. We look forward tosupplying the protective and marinecoatings to the growing markets forthese segments in South Asia. In thesemarkets, our goal is to double our2010 turnover to above EUR 18 millionby 2013, and to triple turnover to morethan EUR 25 million by the end of2015. The protective paint marinemarket in India is worth about INR1,250 crore and Hampel is keen tograb 15% share in the next five years.”

InvestmentInvestment

Investment INR 100 croreto set up greenfieldproject

"With the new greenfield plant,we hope to increase our productassortment and provide a mix ofstandard and specialised produ-cts for the local market," saysMr. Kim Junge Andersen, ChiefFinancial Officer, Hampel. "Theplant will be instrumental inmeeting goals for our companyas well as for our customers. Wewant to build a strong presencein India and be a part of theexciting growth that's takingplace there."

11July, 2011

Knowledge Partner


three other states and has already putin place the related infrastructure at allthese locations.

GAIL is also the promoter of the Dabolproject in Maharashtra generating1,800 to 1,900MW power.

Founded in 1984, GAIL operates as anatural gas company in India andinternationally. The company engagesin the exploration, production, proces-sing, transmission, distribution, andmarketing of natural gas.


Country’s giant gas and oil explorer,the Gas Authority of India Limited(GAIL) has drawn up an ambitious planto set up its first natural gas-basedpower plant with a generation capacityof 250MW in Uran, Maharashtra entai-ling an investment of INR 800 crore. Inview of this, the company is currentlyin the process of inking a powerpurchase pact with the GoM and hasalso engaged the PTC India to facilitatepower trading on this score..In addition, it is also contemplating toset up similar capacity power plants at

Natural GasNatural Gas


12July, 2011

Knowledge Partner


Birla Surya to set up silicon wafers unit in Maharashtra

Birla Surya Ltd (BSL), part of the YashBirla group, plans to invest INR 5,400crore in Maharashtra over the next fiveyears to build India’s largest integratedplant for fabrication of multi-crystallinesilicon wafers and processing of solarphotovoltaic cell.

BSL would invest INR 1,500 crore inthe first phase that would entail settingup of a manufacturing facility for 60MW of multi crystalline solar photovol-taic cells and fabrication of 125 MWmulti-crystalline silicon wafers usingsolar grade silicon (SGS) at Rajewadi inSatara district. It has already acquiredland for the first phase of the projectand is in process of acquiring land forthe future expansion simultaneously.The company has received all therequired government approvals to setup the project and currently the civilconstruction is being carried out byLarsen & Toubro. The commercialproduction for first phase is expectedto commence by December 2011.

On this occasion, Birla Surya CEO MR.Mohan Datari said, “We have plannedthe implementation phase of theproject to ensure revenue generationat the earliest.”

Solar PowerSolar Power

Investment of INR 5,400 croreto set up silicon wafer unit

PV Murthy, Group DirectorFinance, Yash Birla Group,said, ‘‘Plant has been designedas 100% export orientedfacility largely to meet therequirement of the Europeancountries.” But we can caterto domestic customers oncethe demand increases over thenext three to four years. Weexpect the cost of power to godown in the coming years asbetter technologies likecrystalline wafers and PVpanels are being used byIndian players

Mr. Yash Birla, Chair-man, Yash Birla Groupsaid that the decision toforay into solar powerwas driven by the oppor-tunity arising from theGovernment's NationalSolar Mission which aimsat capacity of 20 giga-watts by 2022.

Mr. Yash Birla Group Chairman Yash Birla group andMs. Alicia Eastman, Executive Director and Partner,Asia Pacific Capital

13July, 2011

Knowledge Partner


GE Plans Equipment Facility at Chakan, Pune

GE India, the subsidiary of US-basedGeneral Electric, plans to invest INR700 crore to set up a multi-productmanufacturing facility at Chakan nearPune. The unit will manufactureequipment including wind turbines, gasengines and healthcare units.

MIDC has issued offer letter regardingland allotment to GE India.

Established in 1902, GE India has pres-ence in major sectors such as transpor-tation, energy, healthcare and financialservices. GE employs over 13,000people in India. It exports over 1 billionproducts and services.

InvestmentInvestment

Investment INR 700 crore to set up multi-product manufacturing facility

Confirming the development,Shri A.M Khan, PrincipalSecretary Industries, Mahar-ashtra, said the GoM was intalks with the company forsetting up the facility.

14July, 2011

Knowledge Partner


bai to discuss Maharashtra’s potentialas a key investment destination andabout MIDC’s strategy to developenabling infrastructure to create morebalanced growth and development inthe state. The MIDC representativeconstituted of the following officials:

►Dr. K. Shivaji, CEO, MIDC►Shri. Yuvraj Poman, Dy CEO, MIDC

Dr. K. Shivaji made a brief presentationon India and Malaysia trade relations.His presentation also gave an insighton the tremendous growth andinvestment potential in various sectorsand regions of Maharashtra.

Workshop on Sustainable Urban andinfrastructure Development17 June, 2011World Trade Centre, Mumbai

Belgium delegation of twelve memberscomprising of Ms Katrien Vandermarl-iere, PR & Communication, Ney Pouliss-en, Mr. Chris Poulissen, Architect, NeyPoulissen Mr. Johan Kuppens, Managi-ng Director, iNFRANEA, and Mr. GulKripalani, Chairman & Managing Direct-or, Pijikay Group of Companies visitedMIDC office in Mumbai on 17 June,2011.

The MIDC representative constituted ofthe following officials:

►Dr. K. Shivaji, CEO, MIDC►Shri. Yuvraj Poman, Dy CEO, MIDC►Shri. R.V Sonje (Chief Engineer),►Shri. S.B Patil (Chief Engineer, MIDC,

Pune)

Maharashtra Connects

Malaysian Consulate General visitsMIDC11 June, 2011World Trade Centre, Mumbai

A delegation of five memberscomprising of Mr. Nporaslan hadi AbdulKadir, Consulate General Malaysia(Trade), Mr. Dato’Zakaria Kamarudin,Senior Director, Exporters Developme-nt Division, Malaysia External TradeDevelopment Corporation (MATRADE),Mr. MD. Silmi ABD Rahman, Director,Machinery, Transpo-rtation, Logistics &MRO Trade and Services PromotionDivision, MATRADE, Mr. Elias Ismail,Senior General Manager, Technology &Innovation Development sector, Con-struction Industry Development Board(CIDB) Malaysia and Mr. S. SelvarajaChinnasamy ( Head of Business Develo-pment – India), Scomi Internationalvisited MIDC office on 1st June in Mum-

Insight on the tremendous growth and investment potential in various sectors of Maharashtra

Events and ConferencesEvents and Conferences

Dr. K Shivaji with Malaysian Delegation on 11th June at World Trade Centre, Mumbai

15July, 2011

Knowledge Partner


continued…

Presentation was given by the expertsin infrastructure from various Belgianorganizations to share their knowle-dge and expertise on urban andinfrastructure development. Thepurpose of the meeting was tounderstand how they can work intandem with Indian Professional andcivic official on various infrastructureand development projects undertakenby MIDC.

Dr. K. Shivaji made a brief present-ation on India and Belgium traderelations. He also spoke about thecurrent economic scenario andopportunities in Maharashtra, progre-ss on various infrastructure projectssuch as Delhi-Mumbai IndustrialCorridor (DMIC).

.

India Property Show16-18 June, 2011Dubai

The 8th edition of the Indian PropertyShow was held in Dubai from 16-18June, 2011. The show was inaugu-rated by Chief Guest, Hands of HisExcellence Shri K. Sankaranaraya-nan, Governor of Maharashtra alongwith Mr. Sunil Jaiswal, CEO SumansaExhibitions, organisers of IndianProperty Show.

The three-day event broughttogether over 50 real estatedevelopers from all over India andalso pools lateral sector and auxiliaryservices such as home finance provi-ers, lawyers, and Vastu consultantsto provide a unified real estate netw-orking platform for investment inresidential and commercial propertyin India.

Speaking at the occasion, Hands ofHis Excellence Shri K. Sankaranar-ayanan, Governor of Maharashtrasaid, “The real estate market in Indiain general and Maharashtra in parti-cular has seen tremendous growthpotential. Indian have benefited gre-atly from the booming economy andits impact both on commercial as wellas residential property market.”

Shri K. Sankaranarayanan, Governor of Maharashtra opening the 8th edition of "Indian Property Show" at Dubai World Trade Centre.

Workshop on Sustainable Urban and infrastructure Development- Dr. K. Shivaji with Belgium Delegation on 17th June 2011 at World Trade Centre, Mumbai

16July, 2011

Knowledge Partner


16

State Echelon State Echelon

Moving beyond the obvious . . .

Source: “Statement on RBI’s regional offices (with state covered) received FDI equityinflows,” India FDI Fact Sheet - April 2011, p. 3, http://dipp.nic.in/ accessed 20 June 2011.

Cumulative inflows from April 2000 to March 2011 for Maharashtra is at 35 per cent, which is the highest among all the states.

Note: FDI inflows are recorded as per the location of RBI offices.

FDI (INR crore) of Top 15 states in India FY 2010-11

Maharashtra

Delhi & NCR

Karnataka

Tamil Nadu

Andra Pradesh

Gujrat

Madhya Pradesh

Chandigarh

Goa

Uttar Pradesh

West Bengal

Rajasthan

Kerala

Orissa

Bihar

27,699 (31.26%)

12,184 (13.76%)6,133 (6.93%)

6,115 (6.91%)

5,753 (6.5%)

3,294 (3.72%)

2,093 (2.36%)

1,376 (1.55%) 25 (0.03%)68 (0.08%)

230 (0.26%)167 (0.19%)

1,892 (2.14%)

http://dipp.nic.in/

17July, 2011

Knowledge Partner


Your thoughts…

I wish to congratulate MIDC onpublishing these impressive newslet-ters. I have been reading all the issues,which give us a wealth of informationon Maharashtra's industrial sector.

These newsletters are an effective wayto communicate to the world about theremarkable achievements of Mahara-shtra and the commendable role playedby MIDC.

C-DAC has been associated with MIDC for more than a decade, and would wish to continue our prolific collaboration for many more years.

Dr. C.P. Johnson Manager (Business Development)C-DAC Corporate Office, Pune

Congratulation Sir!Very nice and informative issue.

Great to know that out of 124 countries the World Largest Solar Power Plant is at Dhule.

RegardsSanjay BodkeSr.VPMACCIA

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Congratulations !

MahaConnect issue of June 2011, hascome out very well. It is veryinformative.

Anil DeshpandeChief Executive OfficerMaharashtra Economic Development Council

Thank you very much for sending the business News letter.

Congratulations & all the best.

RegardsSunil PaiAditya Birla Group

Knowledge Partner


18July, 2011

Disclaimer

Statements and opinions expressed in articles and reviews herein are those that are collated from various departments and media sources. While every care has been taken in the compilation of this information and every attempt made to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur.

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Maharashtra Industrial Development Corporation Udyog Sarathi Mahakali Caves Road,

Andheri(E), Mumbai-400 093. Board Numbers: 91-022-26870052 / 54 / 73,

Fax: 91-022-26871587, E-mail: [email protected],

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