Maharashtra has witnessed significant growth in Industrial activities in sectors like oil & gas, petrochemicals, pharmaceuticals and automobile. The state's large urban population and growing services sector provide opportunities for investment in tourism, leisure and entertainment industries. Biotechnology is another emerging sector. Mumbai, the state's capital city, is recognized as the principal commercial and financial centre of the country.

In terms of attracting Industrial investments, Maharashtra is the leading state with a total investment in the state during 1991 and 2004 standing at US$ 52.8 billion. Maharashtra has attracted large investment in the chemicals, automobiles and engineering sectors. By the year 2004, investment projects totaling over US$ 25 billion were in various stages of implementation.