Startup Blink - Latest News Update, Information, Photos & Videos on Startup Blink at Lokmat Times

Major exporter, booming IT and startup hub of M'wada, 5000 MSMEs and major industrial giants make city a thriving industrial hubVAIBHAV PARWATAurangabad, Aug 11:Aurangabad is a success story of a balanced industrialization. A city with no industrial background is today a thriving hub of industrial activity. Today Aurangabad has a renowned industrial area and is divided into Waluj, Shendra, Chikalthana, Railway Station, Paithan and now DMIC.The industrialization in Aurangabad started in the mid 70’s with companies like Lupin, API, Nirlep and Garware. The major industry sectors in Aurangabad are automotive, auto components, pharmaceuticals, breweries, white goods, appliances and now going for Delhi-Mumbai Industrial Corridor (DMIC). Few major companies that have their unit in the city are Bajaj Auto, Wockhardt, Endress Hauser, Varroc, Skoda Auto, Good Year, Siemens, Audi, MAN Diesel, Sterlite, Goodyear, Badve engineering and Garware. The district has around 6000 companies that employ nearly 1.5 lakh people and exports goods worth Rs 15000 crore.Ranked among top five citiesAurangabad has been ranked among world's top five capital cities of global innovative manufacturing and competes with cities like Beijing-Tianjin, Mumbai, Seoul, Boston and Dresden. The city is also a strong force in manufacturing sectors such as automotive, engineering, pharmaceuticals, breweries, food products, plastic, rubber, paper products and chemicals.Booming IT parkThe IT sector promotion that was initiated in Aurangabad since year 2003 along with the formation of HTPI office and IT park in Chikalthana, now hosts 50 IT units employing around 4000 people and exporting services worth Rs 40-50 crore per year to USA, Germany, Netherlands, among others.Major export hubMore than 400 companies from the city's industrial area export automobile, pharma, agricultural and polyester film products to more than 80 countries. Aurangabad annually exports products worth Rs 15,000 crore. There are some MSMEs that export to as many as 40 countries. This is 6 percent of Maharashtra's exports and 0.9 per cent of the country's exports. Bajaj Auto the largest exporter, exporting 1.5 lakh two-wheelers and 20,000 rickshaws from Aurangabad.5000 SMEs generating 85,000 jobsThe growth of Micro, Small and Medium Enterprises (MSMEs) in Aurangabad began with the establishment of Bajaj Auto. The ancillary units have grown rapidly. At present, Aurangabad has 5000 MSME units generating about 85,000 jobs. The SMEs supply parts to companies like Hero, Honda, Yamaha, Bajaj and other four wheelers manufacturing companies. The MSME sector in the country contributes to 30 per cent of the GDP. Hence the government should pay more attention to providing facilities and infrastructure to the SMEs, said Massia president Kiran Jagtap.Sector's record achievementsAurangabad has been ranked 885th from 1000 cities around the world in the start-up ecosystem. The city has also received 36th national ranking and 42nd in regional ranking. Startup Blink has recognized the city in the list of cities with the best environment for startups. The city has also received 36th national ranking and 42nd regional ranking in the cities with the best environment for startups and industrial growth.Brimming startup hubCity's start-up scene has been brimming with confidence and intense activity over the past few years, but 2021-22 saw a new high. A record number of start-ups have been registered in the district with the overall tally rising to 774. Aurangabad stands third in Maharashtra with 774 registered and 220 recognized startups. The Marathwada Accelerator for Growth and Incubation Council (MAGIC) has been instrumental in incubating and promoting startups from Marathwada since 2018. At present MAGIC is incubating 52 Startups with a total investment of Rs 50 crore, said MAGIC director Ashish Garde.Auric attracts investment of Rs 7000 croreTill date, the Shendra phase of the Delhi-Mumbai Industrial Corridor has bagged investments of Rs 5,400 crore from 175 companies. At present, 12 companies have started production and 50 units are under construction. The Bidkin phase of AURIC has bagged Rs 1500 crore.

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Startup BlinkFOLLOW

Startup blink, Latest News

Business :Sheenu Jhawar becomes the first woman President of TiE Rajasthan

Jaipur (Rajasthan) [India], April 1 (/PNN): TiE Rajasthan announced Dr Sheenu Jhawar as its new President for the two-year ... ...

Aurangabad :Aurangabad is a success story of a balanced industrialization

Major exporter, booming IT and startup hub of M'wada, 5000 MSMEs and major industrial giants make city a thriving ... ...