Mumbai has a concentration of industries like the chemical industry, the cotton industry, manufacturing, electricity, electrical machinery, transport equipment. Along with the large scale industries there are certain small scale industries like the handloom, power loom, dyeing and printing, blacksmithing, carpentry, pricks and tiles manufacturing, soap making.
Most importantly the important financial centers like the National Stock Exchange, Mumbai Stock Exchange, and Reserve bank of India are located in the state. The foundation of the Stock Exchange in Mumbai was laid in the year 1875. Since then it has become the Mecca of India’s finance and business undertakings. The year 1995 is a landmark in the history of the stock exchange because in that year it was fully computerized. Mumbai is one of the cities of the country which has been developing very fast as far as economy goes. The business ventures have diversified into various avenues of the service industry.
The next big thing for the capital city of Maharashtra was the establishment of the Reserve Bank of India in the year 1935, 1st April. The head office of the RBI has been Mumbai since the establishment. The RBI is the mother of all the financial organizations and undertakings done in the country.
The National Stock Exchange was formed on the advice of the financial institutions so that the investors all throughout the country can get access to the stock markets of the country on an equal basis. The NSE first started work in the Wholesale Debt Market in June 1994. Apart from this the headquarters of most of the banks and financial organizations are located in the city. Maharashtra is also the home to information technology parks which are situated in the cities of Mumbai, Pune, Nagpur and Nashik. A very important achievement of the state of Maharashtra has been that amongst the states which generate thermal and nuclear electricity, Maharashtra ranks first and has a national share of 13% and 17% respectively.
