How to invest in Mumbai's manufacturing destination

Written By Unknown on Sabtu, 02 Agustus 2014 | 23.24

The manufacturing activity in Mumbai region is now primarily concentrated in the MIDC areas of Thane,

JLL India

The manufacturing activity in Mumbai region is now primarily concentrated in the MIDC areas of Thane, the Thane-Belapur belt [Kalwa, Airoli and Trans-Thane Creek (TTC)], Taloja, Patalganga and Ambernath, and the non-MIDC areas of Patalganga, Khopoli and Pen, among others. Most of these areas are the first MIDCs that were developed in the early 1960s to promote chemical, engineering and other auxiliary industrial units.

The Thane-Belapur belt houses large-sized companies such as Mukund Steel, BASF, Siemens, RPG Life Sciences, Reliance Life Sciences and Nycomed. The areas of Taloja and Patalganga have more of the chemical, pharmaceutical and food product companies, such as Kellogg's, Aditya Birla, Asahi Glass, Kingfisher, Reliance Industries and Cipla. Some of these areas were considered out-of-town locations for the industries to survive.

As the cities of Thane, Mumbai and Navi Mumbai developed, some of these areas changed into real estate developments. However, the state industry body, MIDC, has been proactive and is in the process of acquiring more land parcels in Patalganga, Ambernath and other surrounding areas.

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