Pune, formerly known as Poona, is located just 170km from Mumbai, and is Maharashtra's second biggest city and cultural capital. Since the 1950s, Pune has housed traditional industries and has seen some spectacular growth in recent years. The city is known for manufacturing, automobile, government & private sector research institutes and information technology. It also has further strengths in the educational sector with many educational institutes and a well-developed labour force which is why Pune has been called the “Oxford of the East”. All of these factors, in combination with on-going large scale infrastructure upgrades, have made Pune a premier recipient of and attractive place for foreign direct investment.
|Area||450.69 sq km|
|Population (Census 2011)||5.05 million|
|GDP, PPP (2011)||Rs. 230400 crore/ US$ 48bn|
|FDI (2011)||US$ 2275 million|
|Principal Religions||Hindu, Sikh, Muslim, Buddhist, Jain, Christian|
|Principal Languages||Marathi, Hindu, English|
Pune, located in the west of India and roughly 160km east of Mumbai, is well connected with the rest of the country. It maintains a road network of over 1750km, and is connected to various state highways and two national highways. The National Highway 50 connects Pune with the rest of Maharashtra whilst the National Highway 4 links up with Mumbai towards the north-west, Bangalore and Chennai to the south east. However, some argue that the current infrastructure is inadequate considering the fast growth of the city. Consequently, major road upgrades and extensions are on-going (a total of 12 projects of four-laning of roads covering a distance of 798 km are in progress), whilst a project to build a ring road is currently waiting for the go-ahead from the Maharashtra State Infrastructure Committee.
Although a Metro does not exist in Pune, plans to build the Pune Metro Rail Project are at an advanced stage and are waiting for the union government’s approval with projected costs of INR 10,183 crore. The project consists of two phases. Phase I would consist of Line 1 and Line 2, which would run from Chinchwad to Swargate (16km) and Vanaz to Ramwadi (15km), respectively. Phase II would include Line 3 and Line 4 routes, which would be from Deccan Gymkhana to Bund Garden (11km) and from ASI to Hinjawadi (15km). These plans have been subject to various delays over the past 5 years but the construction is scheduled to start in 2018.
Pune has got several smaller train stations which link Pune with the suburban railway system and its surrounding cities. Its main station, the Pune Railway Station, is well connected to the entire country. Daily express trains run from Pune to Mumbai, Hyderabad, Delhi, Nagpur, Kanpur, Howrah, Jammu Tawi, Chennai, Bangalore, Goa, Varanasi, Patna and Jamshedpur.
Pune is served by Pune Airport located approximately 10km north-east of Pune. The airport handles both domestic flights to Delhi, Mumbai, Bangalore, Chennai, Goa, Hyderabad, Ahmedabad, Kolkata, Nagpur, Kochi, Indore and Shirdi, as well as international flights to Frankfurt and Dubai.
Additionally, the construction of the New Pune International Airport, a Greenfield airport project, is expected to be completed by 2015 with the intent to improve Pune’s connectivity to the rest of the world.
Pune is one of the most important industrial centres of India. It is the seventh largest metropolitan economy with a solid industrial base and has the sixth highest income per capita in India. Significant foreign investments have been made in the manufacturing, engineering and automobile sectors. In addition, the city is a key hub for software and IT services. Pune has a large number of tertiary insitutions and serveral industrial training institutes that produce a skilled labour force to support the city's economic development.
Pune is one of India's largest automotive hubs. Automobile firms that have operations in Pune include Daimler Benz, MTU FN and Volkswagen, Bajaj Auto, Tata Motors, Mahindra & Mahindra, General Motors, Ford, Fiat and others. As a result, some recognised automotive component manufacturing companies like, TATA Autocomp Systems Limited, Robert Bosch GmbH, ZF Friedrichshafen AG, Visteon, and Continental Corporation are also based in Pune. Pune has been nicknamed as the "Motor City" of India.
IT and Software
Tech firms including IBM, AMDOCS, Xansa, TCS, Infosys, Wipro, Satyam, KPIT Cummins, Persistent Systems, Kanbay and many others have operations in Pune. Pune has tried to capture this growth by initiating giant IT parks to boost the growth of software industry and various companies such as HSBC Global Technology, IBM, Siemens, EDS, I-Flex, Cognizant, Symantec and Zensar have established IT parks in Pune. Among these parks, the most famous one is the Hinjewadi IT park, spread over 2800 acres near Mumbai Pune Express Highway.
The vast and well established industrial bases has given the city a "professional" ethos and work culture. Companies with headquaters in Pune include Atlas Copco, Bajaj Auto, Bajaj Allianz, Bajaj Tempo, Cummins India Ltd, Deepak Fertilizers and Petrochemicals, Kirloskar Oil Engines, Kinetic Engineering, SKF Bearings, Sandvik Asia, Tetrapak India, and Thermax. In addition, MNC’s like Whirlpool, Haier Appliances India Pvt. Ltd., LG Electronics India Pvt. Ltd, Valeo Engine & Electrical System India Pvt. Ltd. and Sharp are some of the large firms that have made investments in Pune.
Rajiv Gandhi Infotech Park, Hinjewadi
The Hinjewadi IT Park is located about 8km from Pune city. This SEZ area is 18km away from Pune by expressway and railway, and 23km from Pune airport. The distance to the nearest sea port in Mumbai is 150km. The key industries housed in Hinjewadi include IT/ITES and the automobile industry with more than 60 IT and BPO companies that support infrastructure projects including building hotels, restaurants and residential townships. The rapid growth of the park has led to some infrastructure problems. These problems have been addressed with an INR 500 crore makeover by the Maharashtra Industrial Development Corporation.