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We all know about the important role that tenders play these days in any business. These tenders have gain very important place in business world. Tenders are one the prime business documents which help in the commencement of any business contract.
There are several tenders get floated each and every day for different requirements. Tenders are floated by the companies for the requirement of products and services. Tenders are floated for government and non government services and procurement notice.
India is a vast country and it is divided into many states. These states are governed by the local state governments. Business tenders are floated by the state governments of India for their respective states. Business opportunities are available with these state tenders.
State of Maharashtra
Maharashtra is one the most populated states in India. It is located in the western part of the country. The state is bordered by the Arabian Sea. The capital of Maharashtra Mumbai, also considered as the business capital of India.
Maharashtra is one of India’s leading states in terms of economy. The state’s industrial development is phenomenal. Maharashtra plays an important role in the economy of the country as it itself banking upon a strong economical growth. Maharashtra government announced many tenders for public at time to time. Maharashtra tenders offers various business opportunities for public.
Mumbai the capital of state has the oldest stock exchange of the country. BSE (Bombay Stock Exchange) is not only the oldest stock exchange of India it is also one of the oldest in Asia. Most of the top banks and financial institutions have their branches and headquarters in Mumbai.
Maharashtra rides on high industrial growth; the main industries of the states are textile industry, Pharmaceutical Industry, Petrochemical Industry, Chemical Industry, Electronics and Automobile Industry etc. The rapid growth and industrial development of the state has made Maharashtra as one the leading states of India in Industrial growth.
Agriculture and tourism are the other two main contributors towards the economy of the state. Agriculture as in most the states of India; plays an important role in the economy of Maharashtra too. The main crops grown in Maharashtra are mangoes, grapes, bananas, oranges, wheat, rice, groundnut, cotton and sugarcane.
The state does have very good tourist places. The state has world famous Ajanta & Ellora caves, The Gateway of India, famous beaches, marine drive, Lonawala, Khandala, Matheran and place of religious importance like Sai Temple, Sidhivinayak Temple, Haji Ali, Mount Mary Church, Mahalaxmi Temple and Osho Ashram etc. The state also caters to its visitors with adventure tourism. The people who love adventure tourism gets one the most exciting experience in Maharashtra. The can enjoy adventure tourism like Paragliding, Rock Climbing, Kayaking, Canoeing and Wild life Safari etc.
Third largest in size and second most populous state after Uttar Pradesh in India, Maharashtra is also one of the most industrially and commercially advanced provinces in the country and contributes over 15% of the total industrial output of the nation. Numerous Maharashtra tenders are floated both from public as well private sectors at regular intervals and aspirant entrepreneurs can benefit by responding to and winning them to promote their business. However, tenders originate in multiple forms in the state.
Since the state is strategically located having a long coastline along the Arabian Sea, and also has Mumbai, one of the leading commercial metropolitan cities in India and world that also has the largest sea port in India, scope for business is quite substantial. Favorable economic policies pursued by the state government since 1970 has made Maharashtra the leading industrial state with many public and private sector enterprises that are the sources for Maharashtra tenders.
Tender Sources by Location
Cities with large industrial bases are the major sources of Maharashtra tenders by location and most of the latest tenders of the state for procurement of materials, products, and services originate from these cities.
Mumbai is the center and largest industrial city in the state;
Aurangabad, Pune, Nasik are some other cities where major industrial activities take place.
Areas like Vidarbha, Konkan, Khandesh, and Marathwada are not as industrially advanced as the Western part of the state and latest tenders in these areas relate mostly to agriculture and tourism.
Tender Sources by Sectors
Major source for Maharashtra tenders is the industrial sector that contributes around 46% of the GDP of the state. Major sources of tenders are –
Chemical and allied products industries;
Electrical and electronics industries;
Non-electrical and mechanical industries;
Textile, power loom, and hand loom industries;
Petroleum and refineries;
Allied petroleum products like wax and others;
Wine and distilleries;
Jewelries and art and crafts industries;
Pharmaceutical and medical industries;
Steel and iron industries;
Casting and plastics industries; and
Machine tool industries.
Tenders in Agriculture Sectors
It does not mean that the state does not offer scope in other sectors. One of the sectors where many Maharashtra tenders originate is the agricultural sector. Such tenders relate to –
Agricultural equipments, fertilizers, seeds, and pesticides meant for food crop growing like oranges, mangoes, bananas, and grapes;
Such equipments and accessories for crops like wheat, jowar, rice, pulses, and bajra;
Equipments and accessories facilitating growth of cash crops like cotton, tobacco, groundnuts, sugarcane, and turmeric.
Maharashtra has many important places of tourist interests and hosts millions of tourists from inland and overseas annually. A couple of major tourist attractions are Elephanta caves in Mumbai and Ajanta and Ellora near Aurangabad and Daulatabad. Some latest tenders can always be found from the public and private tourism sector.
However, the largest source of Maharashtra tenders is the real estate industry. With population growing rapidly the requirements for domestic as well as commercial complexes and units have grown considerably and it has resulted in growth of the tenders in the sector considerably.
Aspirant bidders should not also overlook the tenders in the Automobile industry sector as Mumbai is the leading city in respect of automobile industry in the country.
Leading industrial state in the country with the only exception of Gujarat, Maharashtra offers excellent business opportunities for all types of entrepreneurs. Numerous Maharashtra tenders come up in various sectors of the industry and it is for the entrepreneurs to respond appropriately to these tenders so as to enhance their business opportunities.
Reasons for Growth of Maharashtra Tenders
One of the major reasons for the growth of Maharashtra tenders is the favorable economic policies that have been pursued by the state since the 1970s that lead to considerable industrial expansion in the state. Some of the features of Maharashtra economy are –
Considerable industrial expansions have taken place during the period from 1970-2011 due to open and favorable economic policies.
Well over 41% of S&P CNX 500 conglomerates have established their corporate offices in the state.
One of the interesting features of the state economy is that there are widespread regional disparities so far as economic development is concerned.
Most of the industries are concentrated around Mumbai, Pune, Nasik, Aurangabad, as well as western part of the state. On the other hand areas like Khandesh, Vidarbha, Konkan, and Marathwada remain comparatively backward and underdeveloped.
Most of the Maharashtra tenders originate from the industrial belts in and around the urban areas of the state.
GDP of Maharashtra state ranges around $200 billion at the current market prices whereas the debt is considerably lower at only 36% of the GDP.
Huge Revenue Generation Prompted Tenders
Significant numbers of Maharashtra tenders originated from the fact that there were huge amount of revenue generation in the industrial circles and substantial part of it was reinvested for business expansion. Over 15% of the industrial output of the country is generated in the state and it is one of the reasons for commercial expansion there. Requirements of the industrial and commercial establishments are huge and to add to this the state government also holds substantial commercial interests. Thus the numbers of tenders floated in different fields of operations are growing over the days.
Areas of Operation Generating Tenders
Major areas of commercial operations that generates maximum number of tenders are –
Chemical and allied products;
Electrical and electronics machineries;
Non electrical machineries;
Petroleum and petroleum products;
Textiles and related products;
Machine tools and engineering products;
Steel and iron;
Cash crops like cotton, sugarcane, tobacco, turmeric, and groundnuts;
Castings as well as plastic ware; and
Food crops including fruits like mangoes, grapes, oranges, and banana, wheat, bajra, rice, jowar, and pulses.
And one may not forget Bollywood, the counterpart of Hollywood in United States, or the largest film industry in the world that offers huge opportunities in form of multiple tenders for responding and winning. Other area is the automobile industry since the leading automobile companies have all opened their local and zonal offices in the state.