These Five Sectors Will Define Growth In Pune Economy Over The Next 10 Years

These Five Sectors Will Define Growth In Pune Economy Over The Next 10 Years
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Ayush Prasad CEO, Pune Zila Parishad

Pune, 16th March 2022: I participated in the Pune Development conference organised by the MCCIA. I was asked about the five sectors that would define the growth in Pune’s economy over the next 10 years. I believe it is going to be – manufacturing, tourism, healthcare & wellness, food processing and retail.

Pune district has 8 MIDCs and a significant quantity of land banks are available, along with water and electricity.

Tourism has great potential because Pune-Mumbai-Nashik metropolitan regions have a population of 4cr – if 1% also step out on a weekend, we have 4 lakh tourists. Pune has a mix of attractions in spiritual, heritage and eco-tourism sites that number over 400. The government is investing to trigger economic development through the sector by upgrading the tourist sites, enhancing the tourism experience and increasing the ability of the sites to cater to more tourists. The Skywalk in Lonavala, the renovation of Astha Vinayaka Temple, the development of Tulapur and Koregaon Bhima etc are efforts in this regard.

Pune Zila Parishad has also budgeted training of Tourist Guide to help youth get employment and reap the benefit of economic development.

Pune is a medical hub- with the Indrayani Medicity Project, investments into specialised medical care would be attracted to Pune. On one hand, the best in the world healthcare facility would be available to the residents here, medical tourism would get a boost due to an improvement in mobility.

The Food Processing sector includes the sugar industry, the fruit wine industry etc. Contract farming has been rising. Policies of Governments of India and Maharashtra such on ethanol blending and duty exemption etc would help the farmers and enterprises in Pune.

With the sustained rise in population and with increasing disposal incomes, Pune would experience a growth in the retail sector. Pune also has among the largest warehousing capacity. Due to rapidly improving mobility, Pune is well poised to become a logistical hub.

With regard to mobility that would support economic development and improvements in standards of living – Pune is the only city with 5 National Highways connecting to it. It will also have 4 Railway Lines with high-speed capacity. Also, Rs 400 Crore is being spent on the expansion of the existing airport and a new airport is proposed. Metro Services have started and PMPML has an ever-growing network.

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