Maharashtra: Pune Emerges First In Employment Creation And Investments In MSMEs

According to the economic survey of Maharashtra, Pune emerged as the most preferred destination for Micro Small and Medium Enterprises (MSME) of the state in terms of both investments and employment generation.

Of the 17.67 lakh Udyog Aadhar generated for the MSME units, 4.04 lakh are in Pune and of the 91.01 lakh jobs generated, 23.59 jobs were created in Pune.

Of the Rs 2,38,543 crores total investments brought in by the MSME units, Pune has cornered Rs 69,866 crores.

Pune has again topped in the state in terms of investments in Special Economic Zone (SEZ)s, reports The Indian Express.

The presence of various Original Equipment Manufacturer (OEM) developed a strong supply chain with MSMEs functioning as vendors, suppliers of these companies.

Experts opine that good connectivity between Mumbai and Pune is an important factor for the development of the manufacturing ecosystem around Pune.

Pune also received decent allotment for the development of its infrastructure in the recent state budget. The government plans to build a 235 kilometre long high speed rail line between the cities of Pune and Nashik at a cost of Rs 16,000 crore. The state government has rolled out its plan to implement the Rs 26,000 crore Ring Road project in Pune.