Indian Western Regions and Maharashtra State 2014 Annual Reports
The Confederation of Indian Industry (CII) has released its Indian Western Regions and Maharashtra Annual Reports.
The two reports highlight various initiatives the Maharashtra state government and western regions have undertaken over the past year in trade and development, environmental sustainability, education, employment and youth enrichment. The Maharashtra Annual Report 2014 can be downloaded for free here, and the CII Western Regions Annual Report can be downloaded here.
Maharashtra is the second most populous state after Uttar Pradesh and third largest state by area in India. Maharashtra is the wealthiest state in India, contributing about 15 percent of the country’s industrial output and 13.3 percent of its GDP (last available figures). The state covers an area of 307,713 square kilometers (118,809 square miles) or 9.84 percent of the total geographical area of India. Mumbai, the capital city of the state, is India’s largest city and the financial capital of the nation. Were it a nation in its own right, Maharashtra would be the world’s twelfth most populous country ahead of Philippines.
The Western Regions
The western regions refer to the states of Goa, Gujarat and Maharashtra, along with the union territories of Daman and Diu and Dadra and Nagar Haveli. The region is highly industrialized, with a large urban population. The area generates about 24 percent of the country’s national GDP, with an annual growth rate of about 7 percent currently, although it has previously been as high as 14.5 percent (2006). The states generate about 23 percent of India’s tax revenue.
Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam in addition to alliances in Indonesia, Malaysia, Philippines and Thailand as well as as well as liaison offices in Italy and the United States.
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