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Economy & Industry

Economy

Mumbai, the commercial hub of India has a vast array of industries and financial institutions which regulate the country’s economy to a great extent. The city alone contributes 10% of factory employment, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India's foreign trade and Rs 40,000 crore (US $9 billion) in corporate taxes. It has traditionally owed its prosperity largely to its textile mills and its seaport, up until the 1980s. This has now been replaced by industries employing more skilled labour such as engineering, diamond polishing, healthcare and information technology.
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As Mumbai is the state capital, state and federal government employees make up a large percentage of the city's workforce. Mumbai also has a large unskilled and semi-skilled labour population, who primarily earn their livelihood as hawkers, taxi drivers, mechanics and other such blue collar professions. The port and shipping industry too employs many people directly or indirectly.

After India’s independence in 1947, it experienced the majority growth in industry and economy that was intermeshed with the national economy in subsequent period. South Mumbai is known as the nerve centre of Indian economy as country’s major financial institutions are located in this region. The Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, the Mint, as well as numerous Indian companies such as the Tata Group and Reliance Industries Limited are located in South Mumbai.

Mumbai’s history of trading dates back to early 19th century. It was considered as an appropriate place for textile industry. The city’s entertainment industry is the largest in world. Most of India's television and satellite networks are located in Mumbai. Bollywood – the Indian film industry has a vital role in country’s economic growth.

Some other important industries in the city are: Pharmaceuticals, construction, metals, silks, glassware, printing, plastics and bikes. It has a large petroleum industry. Nearly all of India's petroleum is marketed from Mumbai. The city has a separate position in the economic map of the world due to its rapid industrialization and opportunities for employment.

EXPORT PROMOTION COUNCILS

Agricultural & Processed Food Products Exp Development
Centre One, 12th Floor, World Trade Centre,
Cuffe Parade, Mumbai - 400005
Tel. : 2183106, 2189060. Fax : 2189681

Apparel Export Promotion Council
Bajaj Bhavan, 12th Floor,
Nariman Point, Mumbai - 400021
Tel. : 2853419, 2853420
Fax : 2043178

Basic Chemicals Phar & Cosmetic Export Promotion Council
Jhansi Castle,7,
Cooperage Road, Mumbai - 400039
Tel. : 2021288, 2021330
Fax : 2026684

Carpet Export promotion Council
110-A/1, Krishna Nagar, Street No 5,
Safdargunj Enclave, New Delhi - 110029
Tel.: 6102742
Fax : 6165299

Cashew Export Promotion Council
P.B No 1709, Chittor Road,
Ernakulam, Cochin - 682016
Tel. : Tel. : 361459
Fax : 351973

Central Silk Board
Meghdoot, 95 -B,
Marine Drive, Mumbai - 400002
Tel. : 2031826, 2055532
Fax : 2081842

Chemicals & Allied Products Export Promotion Council
D-17, Commerce Centre,
Tardeo Road, Mumbai - 400034
Tel. : 4943410, 4960084
Fax : 4937665

Coffee Board
Vivina Bldg, S V Road,
Andheri (W), Mumbai - 400058
Tel. : 6285383

Coir Board
Coir House, M G Road,
Ernakulam South, Cochin - 682016
Tel. : 351807, 351788
Fax : 370034

Cotton Textiles Export Promotion Council
Engineering Centre 9,
Mathew Road, Mumbai - 400004
Tel. : 3632910, 3632911
Fax : 3632914

Council for Leather Exports
11/4, World Trade Centre, Centre 1,
Cuffe Parade, Mumbai - 400005
Tel. : 2184060
Fax : 2151207

Electronics & Computer Export Promotion Council
Centre 1, World Trade Centre, 12th Floor,
Cuffe Parade, Mumbai - 400005
Tel. : 2186655, 2186656
Fax : 2180119

Gem & Jewellery Export Promotion Council
Diamond Plaza, 391-A,
Dr D Bhadkamkar Marg, Mumbai - 400004
Tel. : 3821801, 3821806
Fax : 2868752

Handloom Export Promotion Council
XVI/784-85, Deshbandu Gupta Road,
Karol Baug, New Delhi - 110005
Tel. : 7770697
Fax : 7776015

Indian Silk Export Promotion Council
62, Mittal Chambers,
Nariman Point, Mumbai - 400021
Tel. : 2025866, 2027662
Fax : 2874606

Marine Products Export Development Authority
605, Regent Chambers,
Nariman Point, Mumbai - 400021
Tel. : 2831399, 2834354
Fax : 2834354

Overseas Construction Council of India
Commerce Centre, 7th Floor,
Tardeo, Mumbai - 400034
Tel. : 4943243, 4942344
Fax : 4943243

Plastics & Linoleum Export Promotion Council
Centre 1, Unit 1, World Trade Centre, 11th Floor,
Cuffe Parade, Mumbai - 400005
Tel. : 2184474, 2184569
Fax : 2184810

Rubber Board
P.O Box No 280, Shastri Road,
Kottayam, Kerala - 686001
Fax : 4818317

Shellac Export promotion Council
World Trade Centre, 14/1B,
Erza Street, Calcutta - 700001
Tel. : 254556, 260010

Spices Board
Pancholi Hospital Bldg, 90 Feet Road, Nath Pai Nagar,
Ghatkopar, Mumbai - 400077
Tel. : 5121471, 5143673
Fax : 5143673

Sports Good Export Textiles Export Promotion Council
1-E/6,
Jhandewalan Ext, New Delhi - 110055
Tel. : 525695
Fax : 7532147

Synthetic & Rayon Textiles Export Promotion Council
78, Veer Nariman Road,
Resham Bhavan, Mumbai - 400020
Tel. : 2048797, 2048690
Fax : 2048358

Tabacco Board
B/4/141,
Safdarjung Enclave, New Delhi - 110029
Tel.: 6885309

Wool & Woollen Export Promotion Council
Churchgate Chambers, 5,
New Marine Lines, Mumbai - 400020
Tel. : 2624651, 2624680
Fax : 2624651

DOU=17012008

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