Tuesday, February 26, 2008

With Rs 9,000 Cr Investments, Pune Inc Is Growing Fast

Pune has been on a fascinating growth trajectory with industrial investments worth Rs 4,500 crore having poured into the district every year for the last two years. The city's manufacturing sector is poised to record an annual turnover of Rs 60,000 crore by 2010 from the current Rs 52,000 crore. Run-up to Budget 2008-09

These projections were presented by Manasi Phadke, economic advisor to the Mahratta chamber of commerce, industries and agriculture (MCCIA) at a press conference to announce the launch of MCCIA's industrial directory of Pune on February 28 at the inaugural function of Pune Expo 2008.

The industrial directory will be accompanied by a study on Pune Manufacturing Inc. titled 'Profile and Analysis of Pune Manufacturing Inc.: An Intelligence Report on Growth of Pune Industries.'

"Data available with MCCIA indicates that Pune's manufacturing turnover could easily touch Rs 60,000 crore by 2010," Phadke said. She said that manufacturing firms in Pune have a turnover of nearly Rs 52,000 crore annually and the top 12 companies (with a turnover of more than Rs 1,000 crore) contribute to more than 50 per cent of the total industrial turnover. There are about 12,500 formal sector manufacturing-driven industrial units in Pune. Of these, 9500 have a turnover of at least Rs 5 lakh per annum and formed the focus of our study," adds Phadke.

Stating that the directory will include details pertaining to investments, turnovers, export destinations, employment and quality certifications, Phadke said the study revealed that there is a broad spectrum of industrial activities in Pune, from automobiles, engineering goods, hardware, fabrication to white goods and food processing.

"Around 66 per cent of industrial units within Pune today are concentrated in the Pune Metropolitan Region (PMR) limits, while, in 1995, around 82 per cent of all industrial activity was in the PMR. This clearly shows that industrial growth has today found new grounds, as is obvious from the growth we are witnessing at such centres as Chakan, Pirangut and Ranjangaon," Phadke said.

She said that a 'golden industrial triangle' exists between PCMC, Talegaon and Ranjangaon within which industrial development seems to be taking place at a feverish pace, she says.

According to the MCCIA survey results, more than 2700 units in Pune district have obtained some form of quality certification- this could be ISO (applicable series), TS or HACCP (for food industries).

According to Phadke, manufacturing firms in Pune provide formal employment to around five lakh people and export goods worth nearly Rs 10,000 crore.

Among micro units, there are nearly 25 companies that have been awarded for innovations in production, best vendors/suppliers awards from their clients.

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