Maharashtra

Key sectors

• Key sectors allotment under State Budget FY26:
  • A long-term road development plan will be prepared to connect tourist centers, pilgrimage sites, and national parks by 2047. Under the Mukhya Mantri Gram Sadak Yojana, it is planned that 3,582 villages will be connected to major roads and highways at a cost of Rs. 30,100 crore (US$ 3.52 billion).
  • Government is expecting that electricity purchase costs will be reduced by Rs. 1.13 lakh crore (US$ 13.23 billion) due to the planning and procurement of low-cost green energy. As a result, Maharashtra’s industrial electricity rates are anticipated to be lowered below those of other states.
  • Government has allocated Rs. 3,200 crore (US$ 374.7 million) has been allocated towards assistance to ULBs under Maharashtra Nagarothan Mahaabhiyaan.
  • Rs. 9,051 crore (US$ 1.06 billion) has been allocated to assistance to local bodies for education.
  • Rs. 943 crore (US$ 110.4 million) has been allocated for Mahatma Jyotiba Phule Jan Arogya Yojana.
  • As of FY25 (Until Feb), the state had a total installed power generation capacity of 52,514.82 MW, of which the private sector was the largest contributor with a capacity of 30,079.17 MW, followed by 14,112.97 MW from state utilities and 8,322.68 MW from central utilities.
  • Thermal power contributed 29,577.02 MW to the total installed power generation capacity, followed by renewable power and nuclear power at 21,869.14 MW and 1,068.66 MW, respectively.
• In October 2024, the Maharashtra State Government of India entered into a Memorandum of Understanding (MoU) with OFB Tech Pvt Ltd for an investment of US$ 89.30 million in the textile sector at the Karanja (Ghadge) Industrial Area in Wardha district.
• Maharashtra Industrial Development Corporation (MIDC), CIDCO and Software Technology Park of India developed 37 public IT parks, which are functioning in the state with an investment of ~Rs. 18,000 crore (US$ 2.5 billion).
  • MIDC approved 546 private IT parks with a proposed investment of Rs. 92,484 crore. Of these, 199 parks are already operational with an overall investment of Rs. 29,729 crore (US$ 4.1 billion) and employ ~7.75 lakh people (until November 2020).

Maharashtra continues to strengthen its position as one of India’s most dynamic economic engines, supported by a diverse industrial base, strong services economy, and sustained domestic and foreign investment. The state’s leadership in tourism, manufacturing, IT and ITeS, financial services, and infrastructure has created a robust foundation for long term growth. Rising exports, the highest FDI inflows in the country, large scale infrastructure expansion, and rapid progress across industrial clusters highlight Maharashtra’s competitive advantage. Government policies focused on connectivity, clean energy, urban development, education, healthcare, and industrial modernisation are enhancing the overall business environment while creating new employment opportunities. With strategic investments in tourism revival, technology driven industries, and future ready infrastructure, Maharashtra is well placed to maintain its leadership in India’s economic landscape and drive continued growth across sectors in the years ahead.