Economy of Aurangabad, Maharashtra

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Himroo Shawl Himrooshawl.jpg
Himroo Shawl

The city of SambhajiNagar Formerly known as Aurangabad was a major silk and cotton textile production centre. A fine blend of silk with locally grown cotton was developed as Himroo textile. Much of the silk industry has vanished over time, but some manufacturers have managed to keep the tradition alive. Paithani silk saris are also made in Aurangabad. The name of this cloth is derived from Paithan town.

In 1889 a cotton-spinning and weaving mill was erected in Aurangabad city, which employed 700 people. With the opening of the Hyderabad-Godavari Valley Railways in the year 1900 several ginning factories were started. In the Jalna alone there were 9 cotton-ginning factories and 5 cotton-presses, besides two ginning factories at Aurangabad and Kannad, and one oil- press at Aurangabad. The total number of people employed in the cotton-presses and ginning factories in the year 1901 was 1,016. [1]

Until 1960, Aurangabad languished as a city, remaining industrially backward. In 1960, the region of Marathwada was merged with Maharashtra. The industrial development of the Marathwada region began, propelled through designated backward area benefits.

Growth began when the Maharashtra Industrial Development Corporation (MIDC) began acquiring land and setting up industrial estates. Aurangabad is a now classic example of efforts of a state government towards the balanced industrialisation of the state. [2] Major Industrial areas of Aurangabad are Chikhalthana MIDC, Shendra MIDC and Waluj MIDC.

Many renowned Indian and MNCs have established themselves in the Industrial Estates of Aurangabad:

Some of the other well known names are: Garware, Ajanta Pharma, AMRI, Glenmark Pharmaceuticals, Lupin Limited, Wipro, Orchid pharma, Hitachi, Endurance systems, Rucha Eng, Indo German Tool Room, Ceekay Daikin Ltd, Cosmos Films, NRB bearings, Hindalco-Almex Aerospace, Can-pack India, Varroc, Dagerfrost, FrigoriFico Allana, Nath Seeds, Nath Industries (earlier known as Rama Pulp) Team Video.

The Aurangabad - Jalna belt has some of the largest seed companies in India. Mahyco (R&D + Production), Nath Seeds (R&D + Production) Seminis seeds (R&D + Production) and Monsanto (R&D currently) are some of the big names in the industry. [3]

Many firms, in the sectors of automotive and auto components, pharmaceuticals and breweries, consumer durables, plastic processing, aluminium processing, agriculture and biotech, have their manufacturing bases in Aurangabad. Among pharmaceuticals there is Recombinant Insulin Manufacturing plant of Wockhardt (Wockhardt Biotech Park) in Aurangabad, which is Largest Biopharmaceutical plant in India.

Aurangabad has 5 star hotels like ITC Welcomgroup's The Rama International, The Ajanta Ambassador, The Taj Residency, The Lemontree (formerly The President Park) and the Aurangabad Gymkhana.

The Shendra, Chikalthana and Waluj MIDC Industrial Areas are prominent industrial zones on the outskirts of the city, with various major multinational groups having set up manufacturing or processing plants in and around the city. There are five Special Economic Zones (SEZs) which have been approved by central government for this city and these are, in automotive (Bajaj Auto), in pharmaceuticals (Inspira Pharma SEZ and Wockhardt), one in aluminium (Hindalco Aluminium) and yet another is Inspira Renewable Energy SEZ. Recently Aurangabad became the third city in Maharashtra (after Pune & Nashik ) to host an auto cluster namely Marathwada Auto Cluster(MAC). [4] Electrical goods major Siemens has set up a plant for manufacturing of train coaches including superior quality bogies for locomotives, electric multiple units and metro coaches at Shendra MIDC Aurangabad. [5]

Modern Retail Industry has made its presence felt in the forms of Malls. Prozone Mall spread over 1 million square feet is the biggest in the region. The industry is a big employment generator. Prozone alone created direct employment opportunities for 4000 people. [6]

Team Video is a professional Video- Audio post production studio to cater need of mass media in Aurangabad. It is led by Rajendra Joshi, a leading film maker having experience of 30+ years in Mumbai

Financial services

Modern banking in the district may be said to have begun when the Central Bank of India was established in Hyderabad State on 19 February 1932, at Jalna, and in next year i.e., on 20 December 1933, at Aurangabad.

Later on in 1945 the Bank of Hyderabad was established under the Hyderabad State Bank Act of 1350 Fasli. The State Bank of Hyderabad mainly transacted Government business such as accepting and holding of money belonging to the Government and making payments on its behalf and other routine business such as exchange, remittance, etc. The bank also worked as an agent of the Government in its function of issuing paper. [7]

In the first decade of the twenty-first century, Aurangabad has seen a spurt in financial activities, with almost all public sector and private banks have opened up branches including the State Bank of India, State Bank of Hyderabad, Bank of Maharashtra, Citibank India, Deutsche Bank, ICICI Bank, Bank of India, HDFC Bank, etc.

Also Regional Rural Bank viz. Aurangabad Jalna Gramin Bank, was established in 1982. During 2008 Aurangabad Jalna Gramin Bank and Thane Gramin Bank was amalgamated, and new RRB came into existence namely Maharashtra Godavari Gramin Bank. The head office of which is in Aurangabad city. The area of operation is of nine districts viz. Aurangabad, Jalna, Jalgaon, Dhule, Nandurbar, Nasik, Ahmednagar, Thane and Raigad.

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Aurangabad Metropolis in Maharashtra, India

Aurangabad, proposed to be officially renamed as Sambhajinagar, is a city in the Indian state of Maharashtra. It is the administrative headquarters of Aurangabad district and is the largest city in the Marathwada region. Located on a hilly upland terrain in the Deccan Traps, Aurangabad is the fifth-most populous urban area in Maharashtra with a population of 1,175,116. The city is known as a major production center of cotton textile and artistic silk fabrics. Several prominent educational institutions, including Dr. Babasaheb Ambedkar Marathwada University, are located in the city. The city is also a popular tourism hub, with tourist destinations like the Ajanta and Ellora caves lying on its outskirts, both of which have been designated as UNESCO World Heritage Sites since 1983. Other tourist attractions include the Aurangabad Caves, Daulatabad Fort, Grishneshwar Temple, Jama Mosque, Bibi Ka Maqbara, Himayat Bagh, Panchakki and Salim Ali Lake. Historically, there were 52 Gates in Aurangabad, some of them extant, because of which Aurangabad is nicknamed as the "City of Gates". In 2019, the Aurangabad Industrial City (AURIC) became the first greenfield industrial smart city of India under the country's flagship Smart Cities Mission.

Marathwada Segmented region of the Kingdom of Hyderabad

Marathwada is a region of the Indian state of Maharashtra. Marathwada was formed during the Nizams and was part of the then Hyderabad State. The region coincides with the Aurangabad Division of Maharashtra. It borders the states of Karnataka and Telangana, and it lies to the west of the Vidarbha and east of North Maharashtra regions of Maharashtra. The largest city of Marathwada is Aurangabad. Its people speak Marathi and Urdu.

Jalna district District of Maharashtra in India

Jalna district is an administrative district in the state of Maharashtra in western India. Jalna town is the district headquarters. The district is part of Aurangabad division.

Parbhani City in Maharashtra, India

Parbhani is a city in Maharashtra state of India. It is the administrative headquarters of Parbhani District. Parbhani is one of the largest cities in Marathwada region of Maharashtra after Aurangabad and Nanded. Parbhani is around 200 kilometres (120 mi) away from regional headquarters of Aurangabad while it is 491 km (305 mi) away from the state capital Mumbai.

Chikhli is a city and a municipal council in Buldana district in Vidarbha Region of Maharashtra state, India. It is located on the Pune-Nagpur highway. It is situated at the westernmost border of Vidarbha region of Maharashtra and is 500 km from the state capital, Mumbai. Chikhli has the largest population in buldhana district and is the biggest taluka. Chikhli is situated on the border of the Marathwada Region and Vidarbha Regions of Maharashtra. Chikhli is the nearest municipal council to the district place, Buldana, approximately 25 km only. Also in addition, there is a cotton factory in Chikhli which provides employment to many people who comes in this city for employment purpose. MIDC is located on Nagpur-Pune highway where many small scale, middle scale and some large scale firms of automotive, chemical, fibres and plastic, iron casting and other sectors are situated. Textile park was sanctioned near city and land acquisition and other government processes are going on regarding this.

Partur is a town with municipal council in Jalna district in the Indian state of Maharashtra.

Jalna, Maharashtra City in Maharashtra, India

Jalnapronunciation (help·info) is a city in Jalna district in the Aurangabad Division, or Marathwada region, of the Indian state of Maharashtra. It was part of Hyderabad State as a tehsil of Aurangabad district, before Jalna district was formed effective 1 May 1981.

Multi-modal International Cargo Hub and Airport at Nagpur

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Economy of Maharashtra Economy of the state of India

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Dr. Babasaheb Ambedkar Marathwada University Indian university in Aurangabad, Maharashtra

Dr. Babasaheb Ambedkar Marathwada University (BAMU), formerly Marathwada University, is located in Aurangabad, Maharashtra, India. It is named after B. R. Ambedkar, an Indian jurist, political leader, academic and the father of the Indian Constitution. The university was established on 23 August 1958. This university has contributed to the progress of adjoining regions and people in innumerable ways. Since its inception, the university has around 456 colleges affiliated to it, which come under four districts of Maharashtra State.

Jayakwadi Dam Dam in Maharashtra, India

Jayakwadi dam is an earthen dam located on Godavari river at the site of Jayakwadi village in Paithan taluka of Aurangabad district in Maharashtra, India. It is a multipurpose project. The water is mainly used to irrigate agricultural land in the drought-prone Marathwada region of the state. It also provides water for drinking and industrial usage to nearby towns and villages and to the municipalities and industrial areas of Aurangabad and Jalna districts. The surrounding area of the dam has a garden and a bird sanctuary.

Nizams Guaranteed State Railway Railways established by the Nizams of Hyderabad

Nizam's Guaranteed State Railway (NGSR) was a railway company operating in India from 1879 to 1950. It was owned by the Nizams of Hyderabad State, and its full name was His Exalted Highness, The Nizam's Guaranteed State Railway. The company began with a line built privately by the HEH, the Nizam, which was owned and operated by the company under a guarantee from the Hyderabad State, much to the dismay of the British authorities. Capital for the line was raised by issuing redeemable mortgage debentures. The Nizam's railway was eventually consolidated with the Hyderabad-Godavari Valley Railway (HGVR). In 1951, both the NGSR and the HGVR were nationalised and merged into Indian Railways.

Neighborhoods of Aurangabad

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Aurangabad CIDCO Planned city in India

SambhajiNagar CIDCO is a planned city in Maharashtra state, India.

Waluj MIDC After 1960, Maharashtra Industrial Development Corporation (MIDC) began acquiring land and setting up industrial estates. Land was acquired near Waluj Village on Aurangabad - Ahmednagar highway in the 1970s & 1980s. Total notified area is 1298 hectares (12.98 km2).

After 1960, Maharashtra Industrial Development Corporation (MIDC) began acquiring land and setting up industrial estates. Land was acquired near Shendra village on Aurangabad - Jalna highway in the 1990s.

The Aurangabad Industrial City is a greenfield industrial smart city over an area of 10,000 acres in Aurangabad, Maharashtra, India. It is a part of the Delhi–Mumbai Industrial Corridor Project (DMIC), which is planned for developing an industrial zone spanning across six states between India's capital, Delhi and its financial hub, Mumbai. The Government of Maharashtra decided to develop the Shendra and Bidkin neighborhoods of Aurangabad as a planned industrial township under DMIC. Equipped with an underground plug and play infrastructure, 60% of the land in AURIC is for industrial usage, mainly focusing on textile, food, defence, engineering and electronics, while the remaining 40% is intended for residential, commercial and other purposes.

Maharashtra Gramin Bank is an Indian Regional Rural Bank (RRB) or Gramin bank, in the State of Maharashtra with its head office is in Aurangabad. It is one 43 Gramin banks in India supported by the government that aim to bring banking services to rural areas. It is under the ownership of Ministry of Finance, Government of India.

Tourism in Marathwada

Tourism in Marathwada refers to tourism in Marathwada region of Maharashtra state of India. Aurangabad city is a regional headquarter of Marathwada and tourism capital of Maharashtra state. Out of 4 UNESCO World Heritage Sites in Maharashtra, 2 of them are in Marathwada. Also there are 110 monuments in Marathwada which are protected by Government of Maharashtra and recognized by Archaeological Survey of India. Marathwada is also important region for Religious tourism, out of 12 Jyotirlingas of Hindu God Shiva, 3 are in Marathwada. Hazur Sahib Nanded is the second holiest place in Sikhism after Harminder Sahib of Amritsir. There are also sufi shrines in Marathwada, most famous among them is Turabul Haq Dargah at Parbhani where thousands of people of all religion visits dargah annually. Pathri in Parbhani district is birthplace of Sai Baba of Shirdi and Sai Baba Birth Temple in Pathri is one of major religious tourism place in Marathwada.

References

  1. ↑ "Hyderabad" by Mirza Mehdy Khan, Imperial Gazetteer of India, Government Printing Press, Calcutta, 1909.
  2. ↑ TOI (12 April 2009). "History revisited at Aurangabad". The Times Of India. Retrieved 20 January 2010.
  3. ↑ Inspira Infrastructure - Why Aurangabad.
  4. ↑ Indian Expresses (Finally, Aurangabad gets its auto cluster).
  5. ↑ Siemens bogie facility at Aurangabad commences operations.
  6. ↑ Prozone.
  7. ↑ Maharashtra government web site Banking and Finance Aurangabad
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