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Raymond Group is one of India's largest clothing and apparel companies, with over 60% market share in India TCS is asia largest software provider.

Maharashtra/Mumbai

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Road

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The Bandra-Worli Sea Link is a cable-stayed bridge that connects central Mumbai with its western suburbs

Mumbai is served by National Highway 3, National Highway 4 and National Highway 8 of India's National Highways system.[6] The Mumbai-Pune Expressway was the first expressway built in India,[7] while the Mumbai Nashik Expressway, Mumbai-Vadodara Expressway,[8] Western Freeway and Eastern Freeway is under construction. The Bandra-Worli Sea Link bridge, along with Mahim Causeway, links the island city to the western suburbs.[9] The three major road arteries of the city are the Eastern Express Highway from Sion to Thane, the Sion Panvel Expressway from Sion to Panvel and the Western Express Highway from Bandra to Borivali.[10]

Mumbai's bus services carried over 5.5 million passengers per day in 2008. Public buses run by BEST cover almost all parts of the metropolis, as well as parts of Navi Mumbai, Mira-Bhayandar and Thane.[11] The BEST operates a total of 4,608 buses[12] with CCTV Camera installed,[13] ferrying 4.5 million passengers daily over 390 routes.[14] Its fleet consists of single-decker, double-decker, vestibule, low-floor, disabled-friendly, air-conditioned and Euro III compliant Compressed Natural Gas powered buses.[15] Maharashtra State Road Transport Corporation (MSRTC) buses provide intercity transport and connect Mumbai with other major cities of Maharashtra and India.[16][17] Navi Mumbai Municipal Transport (NMMT) also operate its Volvo buses in Mumbai, from Navi Mumbai to Bandra, Dindoshi and Borivali.[18]

Buses are generally favoured for commuting short to medium distances, while train fares are more economical for longer distance commutes.[19]

The Mumbai Darshan is a tourist bus service which explores numerous tourist attractions in Mumbai.[20] Mumbai BRTS (Bus Rapid Transit System) lanes have been planned throughout Mumbai, with buses running on seven routes as of March 2009.[21] Though 88% of the city's commuters travel by public transport, Mumbai still continues to struggle with traffic congestion.[22] Mumbai's transport system has been categorised as one of the most congested in the world.[23]

  • Mumbai Skywalks

Because of congestion on roads due to hawkers and parked vehicles, MMRDA has initiated the Mumbai Skywalks project to provide quick and safe pedestrian dispersal from highly congested areas such as Mumbai Suburban Railway stations to heavily targeted destinations.[24]

Economy

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India's 400 million[25] strong middle-class population is growing at an annual rate of 5%.[26] Shown here is an upmarket residential area of Mumbai.
Main article: Economy of Mumbai

Mumbai is India's largest city (by population) and is the financial and commercial capital of the country as it generates 6.16% of the total GDP.[27][28][29] It serves as an economic hub of India, contributing 10% of factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India's foreign trade and ₹4,000 crore (US$480 million) in corporate taxes.[30]

As of 2008, Mumbai's GDP is ₹919,600 crore (US$110 billion),[31] and its per-capita income in 2009 was ₹128,000 (US$1,530),[32] which is almost three times the national average.[33] Many of India's numerous conglomerates (including Larsen and Toubro, State Bank of India, Life Insurance Corporation of India, Tata Group, Godrej and Reliance),[28] and five of the Fortune Global 500 companies are based in Mumbai.[34] Many foreign banks and financial institutions also have branches in this area,[28] with the World Trade Centre being the most prominent one.[35]

Until the 1970s, Mumbai owed its prosperity largely to textile mills and the seaport, but the local economy has since been diversified to include engineering, diamond-polishing, healthcare and information technology.[36] As of 2008, the Globalization and World Cities Study Group (GaWC) has ranked Mumbai as an "Alpha world city", third in its categories of Global cities.[37] Mumbai is the 4th most expensive office market in the world.[38] Mumbai was ranked among the fastest cities in India for business startup in 2009.[39]

State and central government employees make up a large percentage of the city's workforce. Mumbai also has a large unskilled and semi-skilled self employed population, who primarily earn their livelihood as hawkers, taxi drivers, mechanics and other such blue collar professions. The port and shipping industry is well established, with Mumbai Port being one of the oldest and most significant ports in India.[40] In Dharavi, in central Mumbai, there is an increasingly large recycling industry, processing recyclable waste from other parts of the city; the district has an estimated 15,000 single-room factories.[41]

Most of India's major television and satellite networks, as well as its major publishing houses, are headquartered in Mumbai. The centre of the Hindi movie industry, Bollywood, is the largest film producer in India and one of the largest in the world as well as centre of Marathi Film Industry.[42][43] Along with the rest of India, Mumbai, its commercial capital, has witnessed an economic boom since the liberalisation of 1991, the finance boom in the mid-nineties and the IT, export, services and outsourcing boom in 2000s.[44]

Mumbai has been ranked 48th on the Worldwide Centres of Commerce Index 2008.[45] In April 2008, Mumbai was ranked seventh in the list of "Top Ten Cities for Billionaires" by Forbes magazine,[46] and first in terms of those billionaires' average wealth.[47]

Finance/Commercial

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Mumbai is the commercial and entertainment capital of India, it is also the world's top 10 centres of commerce in terms of global financial flow,[48] generating 5% of India's GDP,[27] and accounting for 25% of industrial output, 70% of maritime trade in India (Mumbai Port Trust & JNPT),[49] and 70% of capital transactions to India's economy.[50] Mumbai is home to important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations. It houses some of India's premier scientific and nuclear institutes like BARC, NPCL, IREL, TIFR, AERB, AECI, and the Department of Atomic Energy. The city also houses India's Hindi (Bollywood) and Marathi film and television industry. Mumbai's business opportunities, as well as its potential to offer a higher standard of living, attract migrants from all over India and, in turn, make the city a potpourri of many communities and cultures.

As of 2009, Mumbai was named an Alpha world city.[51] Mumbai is also the richest city in India,[32] and has the highest GDP of any city in South, West or Central Asia.

Tourism

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Maharashtra is the most visited state in India by foreign tourists. Maharashtra is the fourth state in India to have 48.5 million domestic tourist in 2010 [52]

Software/Internet

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  • 27.99 Lac(~2.8 Million) Internet Users in Maharashtra, which is highest in country.[53]
  • Maharashtra has the highest number of software export units (1,251).[54]
  • It contributes around 30 percent of the country’s software exports.[54]
  • The largest number of ISPs in India are based in Mumbai.[54]
  • Over 35 percent of total PC penetration is in Maharashtra.[54]
  • More than 169,000 trained technical personnel added to the manpower pool each year.[55]

Automobiles & Auto components

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  • Maharashtra accounts for 38 per cent of the country's output of automobiles.[55]
  • 40 per cent of the total workforce engaged in the automobile industry is from this state.[55]
  • It has strong research capabilities and has a contribution of almost 30 percent in the nation's total patents[55]

Others

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  • It accounts for nearly 27.4 per cent of the country�s chemicals, petrochemicals and oil and gas output
  • The state accounts for 40 per cent of the country's pharmaceuticals output and representing an annual growth rate of over 25 per cent[55]
  • Maharashtra leads in filing patents [56]

References

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  1. ^ http://www.livemint.com/2007/06/06013308/Essel-to-launch-dedicated-chan.html
  2. ^ http://www.livemint.com/2007/08/20002745/Big-business-on-the-small-scre.html
  3. ^ http://www.livemint.com/2009/06/02004124/Infomercials-rise-on-mainstrea.html
  4. ^ http://www.esselnewsletter.com/massage-cushion-offer-for-esselites.html
  5. ^ http://www.tvcskyshop.com/CorporateProfile/about_us/corporate_office.aspx
  6. ^ "NH wise Details of NH in respect of Stretches entrusted to NHAI" (PDF). National Highways Authority of India (NHAI). Retrieved 4 July 2008.
  7. ^ Dalal, Sucheta (1 April 2000). "India's first international-class expressway is just a month away". The Indian Express. Retrieved 14 June 2009.
  8. ^ Kumar, K.P. Narayana; Chandran, Rahul (6 March 2008). "NHAI starts work on Rs 6,672 cr expressway". Mint. Retrieved 14 June 2009.
  9. ^ "MSRDC – Project – Bandra Worli Sea Link". Maharashtra State Road Development Corporation (MSRDC). Retrieved 2 July 2009.
  10. ^ Mumbai Plan, 1.10 Transport and Communication Network
  11. ^ "Organisational Setup". Brihanmumbai Electric Supply and Transport (BEST). Retrieved 14 June 2009.
  12. ^ "Times of India Publications". Lite.epaper.timesofindia.com. 2011-05-16. Retrieved 2011-07-22.
  13. ^ "Mumbai bus network tops 1000, gets new look". Screens.tv. 9 June 2009. Retrieved 5 May 2010.
  14. ^ "Bus Transport Profile". BEST. Retrieved 28 August 2009.
  15. ^ "Composition of Bus Fleet". BEST. Retrieved 12 October 2006.
  16. ^ Tembhekar, Chittaranjan (4 August 2008). "MSRTC to make long distance travel easier". The Times of India. Retrieved 14 June 2009.
  17. ^ "MSRTC adds Volvo luxury to Mumbai trip". The Times of India. 29 December 2002. Retrieved 14 June 2009.
  18. ^ "NMMT Volvo bus route 123 extended till Borivali from Jan 1". Mumbaipluses.com. Retrieved 5 May 2010.
  19. ^ Metropolitan planning and management in the developing world 1993, p. 49
  20. ^ Seth, Urvashi (31 March 2009). "Traffic claims Mumbai darshan hot spots". MiD DAY. Retrieved 14 June 2009.
  21. ^ "Bus Routes Under Bus Rapid Transit System" (PDF). BEST. p. 5. Retrieved 23 March 2009.
  22. ^ Khanna, Gaurav. "7 Questions You Wanted to Ask About the Mumbai Metro". Businessworld. Retrieved 28 August 2009. Road congestion has worsened, though 88 per cent of journeys are made by public transport.
  23. ^ Executive Summary on Comprehensive Transportation Study for MMR, p. 2-1: "The 137% increase in cars, a 306% increase in two wheelers, the 420% increase in autos and 128% increase in taxis during 1991–2005 has created a lethal dose of traffic congestion which has categorised Mumbai as one of the congested cities in the world."
  24. ^ "MMRDA – Projects – Skywalk". Mmrdamumbai.org. Retrieved 5 May 2010.
  25. ^ "Middle class in India has arrived". Rediff.com. 2 July 2005. Retrieved 16 August 2010.
  26. ^ Keillor 2007, p. 83
  27. ^ a b "Mumbai Urban Infrastructure Project". Mumbai Metropolitan Region Development Authority (MMRDA). Retrieved 18 July 2008.
  28. ^ a b c Thomas, T. (27 April 2007). "Mumbai a global financial centre? Of course!". New Delhi: Rediff. Retrieved 31 May 2009.
  29. ^ "GDP growth: Surat fastest, Mumbai largest". The Financial Express. 29 January 2008. Retrieved 5 September 2009.
  30. ^ Swaminathan & Goyal 2006, p. 51
  31. ^ "Global city GDP rankings 2008–2025". Pricewaterhouse Coopers. Retrieved 25 October 2010.
  32. ^ a b "India needs cities network for easy rural-urban shift – Economy and Politics". livemint.com. 3 August 2009. Retrieved 5 May 2010.
  33. ^ "Maharashtra — trivia". Maharashtra Tourism Development Corporation. Retrieved 7 December 2007.
  34. ^ "Fortune Global 500". CNN. 21 July 2008. Retrieved 28 April 2009.
  35. ^ "Welcome To World Trade Centre, Mumbai". WTC Mumbai. Retrieved 14 February 2008.
  36. ^ Swaminathan & Goyal 2006, p. 52
  37. ^ "The World According to GaWC 2008". Globalization and World Cities Study Group and Network (GaWC). Loughborough University. Retrieved 7 May 2009.
  38. ^ "Mumbai among top 10 costliest office markets: Rediff.com Business". Business.rediff.com. 7 May 2010. Retrieved 16 August 2010.
  39. ^ "Doing Business in India 2009". World Bank. Retrieved 8 June 2010.
  40. ^ "Indian Ports Association, Operational Details". Indian Ports Association. Retrieved 16 April 2009.
  41. ^ McDougall, Dan (4 March 2007). "Waste not, want not in the £700m slum". Guardian. The Observer. UK. Retrieved 29 April 2009.
  42. ^ Wasko 2003, p. 185
  43. ^ Jha 2005, p. 1970
  44. ^ Kelsey 2008, p. 208
  45. ^ "Worldwide Centres of Commerce Index 2008" (PDF). MasterCard. p. 21. Retrieved 28 April 2009.
  46. ^ "In Pictures: The Top 10 Cities For Billionaires". Forbes. Retrieved 28 April 2009.
  47. ^ Vorasarun, Chaniga (30 April 2008). "Cities Of The Billionaires". Forbes. Retrieved 28 April 2009.
  48. ^ "Mumbai, a land of opportunities - Times Of India". Timesofindia.indiatimes.com. Retrieved 2011-07-22.
  49. ^ "10 worst oil spills that cost trillions in losses : Rediff.com Business". Business.rediff.com. Retrieved 16 August 2010.
  50. ^ "Navi Mumbai International Airport" (JPG). City and Industrial Development Corporation (CIDCO). Retrieved 18 July 2008.
  51. ^ "GAWC World Cities Ranking List". Diserio.com. Retrieved 5 May 2010.
  52. ^ http://www.rediff.com/business/slide-show/slide-show-1-indias-top-10-tourist-destinations/20110719.htm
  53. ^ http://www.alootechie.com/content/india-has-over-14-million-internet-subscribers-and-over-7-million-broadband-subscribers
  54. ^ a b c d "Is Maharashtra still numero uno? - Karnataka - Infrastructure Special - Express Computer India". Expresscomputeronline.com. 2003-04-28. Retrieved 2010-09-21.
  55. ^ a b c d e "Public Private Partnerships In India - Maharashtra - Business Opportunities". Pppinindia.com. Retrieved 2010-09-21.
  56. ^ http://timesofindia.indiatimes.com/india/Maharashtra-leads-in-filing-patents/articleshow/11657695.cms
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