Maharashtra has three of the fifteen most important cities of India: Pune, Nagpur, and the financial capital, Mumbai. Favourable economic policies in the 1970s led to Maharashtra becoming India’s leading industrial state in the last quarter of the 20th century. Over 41% of the S&P CNX 500 conglomerates have corporate offices in Maharashtra.
Mumbai, the capital of Maharashtra and the financial capital of India, houses the headquarters of all major banks, financial institutions, insurance companies, leading airlines in India. India’s largest stock exchange Bombay Stock Exchange, the oldest in Asia, is also located in the city. Maharashtra has set up software parks in Pune, Navi Mumbai, Aurangabad, Nagpur and Nashik. Now Maharashtra is the second largest exporter of software products with annual exports of 180 billion (US$2.8 billion) and accounts for more than 30 per cent of the country’s software exports, with over 1,200 software units based in the state. Jawaharlal Nehru Port Trust in Navi Mumbai is the busiest port in India. Chhatrapati Shivaji International Airport in Mumbai is the busiest airport in South Asia as per passenger volume.
Mumbai is home for the world’s largest film industry- Bollywood, Hindi filmmaking industry. Maharashtra ranks first nationwide in coal-based thermal electricity as well as nuclear electricity generation with national market shares of over 13% and 17% respectively. Maharashtra is also introducing Jatropha cultivation and has started a project for the identification of suitable sites for Jatropha plantations.
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