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At present Pune is bustling with economic activity. Areas around Pune like Baramati, Khed, Mundhwa, Loni, Yerwada, Talegaon, Alandi, Warje, Wadgaon etc are agriculturally active with the first six accounting for a majority of Pune's agricultural produce. Although not an 'agricultural city' or an agriculturally developed city Pune has a reasonable population connected to agriculture. Thus very little can be said of Pune's agro activities although some research and development does take place in places like The Agricultural College at Shivaji Nagar, the College of Agricultural Banking funded by Reserve Bank of India (India's central bank), National Chemical Laboratory on the Pune University road, Agharkar Institute close to the Brihan Maharashtra College of Commerce etc.

Turning to the industrial sector the picture is rather enviable. The Maharashtra Industrial Development Corporation (MIDC) has developed two industrial estates in the immediate vicinity of Pune on the lines of the Industrial Parks of United Kingdom. One such area is located at Parvati while the other is at Bhosari, near the already sprawling industrial area of Pimpri, Chinchwad and Pradhikaran. In the MIDC industrial estates land, fuels, electricity, water and select raw materials are provided at subsidised rates to priority sector productions / companies.
Suitable transport and communication facilities are also offered. Thus the requisite infrastructure is made available and other conditions are being made favourable for efficient and qualitative industrialproductions. Entrepreneurs, labourers and suppliers are now able to identify their 'interest areas' easily and can thus have easy access to industrialists. The emphasis here is on tiny, small and medium scale industries as they are high priority undertakings according to the government's policy. These enterprises are defined by the Indian government according to their investment in plant and machinery. For instance the definition of the small scale industry (SSI)was investment in plant and machinery upto Rs.65 lakhs previously. It was later raised to Rs.3 crores at the insistence of the Finance Ministry in December 1997 but presently it has been updated to Rs.1 crore.

A number of large scale industries are also present in and around Pune. Some major companies are Phillips India, Bajaj Auto, Kirloskar Cummins, Kirloskar Filters, Kalyani Sharp, Mahindra And Mahindra, Hindustan Antibiotics, Tata Electric And Locomotive Company, Mercedes Benz India Ltd, Kirloskar Oil Engines, Indian card Clothing, Alfa Laval, SKF Bearings, State Transport Bodybuilding division, Weikfield India, Serum India, Duro Shocks, Kinetic Honda, Bajaj Tempo, Kirloskar Pneumatics etc.


These companies produce a variety of goods such as commercial vehicles (light and heavy), locomotives, electronic consumer durables, oil engines, pump sets, pharmaceuticals, chemicals, two wheeler vehicles, processed food, refrigeration systems (industrial and domestic), industrial filters, family cars, luxury cars, landrovers, pick up trucks and a number of intermediate goods also. The small scale and medium scale industries also produce a variety of items but it is
dominated by items like metal sheet components, fibre glass mouldings, nuts, bolts, screws, washers, gaskets, paint jobs, electro and other variety of platings, chemicals, bulk drugs, formulations, electronic components, spare parts, dye cast and drop cast jobs, foams etc and also a long range of goods used directly by consumers. There are enormous backward and forward linkages. The small and medium scale firms provide vitals components and spares as well as other intermediate goods or finished raw materials for the large scale industries. Thus one can clearly observe external economies in Pune probably better than any other city in or around India.

The city is also equally popular for trade and commerce. Major private and public sector banks are situated in Pune. Bank of India, State Bank of India, Bank of Baroda, Syndicate Bank, Central Bank and Bank of Maharashtra are some nationalised banks with a prominent and important base / operations in Pune. Private sector banks like Global Trust Bank, Times Bank, HDFC Bank, IDBI Bank, UTI Bank, ANZ Grindlays, Standard Chartered Bank etc are some private sector banks functioning (or frequently visiting for commercial reasons) in and around Pune. Co Operative banks like Saraswat Cooperative Bank, Janata Sahakari Bank, Rupi Cooperative Bank, Suvarna Sahakari Bank, Peoples Cooperative Bank, Muslim Cooperative bank, Vidya Sahakari Bank, Cosmos Cooperative Bank etc are also functioning in Pune. It is interesting to note that most bank offices or branches are located on Fergusson College Road, Mahatma Gandhi Road, and Laxmi Road in Pune.

Laxmi Road and Mahatma Gandhi Road are also quite popular for the traders in consumer durables and perishables. Majority of sale of clothes (both readymade and cloth stores), electronic goods, white goods and food related items takes place on the two just mentioned roads along with Bajirao Road and Bohori Aali. Grosers are vegetable sellers are mostly dominating the old city, which can also be refered to as the heart of the Pune city.

Pune is fast becoming a favourite haunt or literally a target place for the regular hotel goer as well as connoseur of good food. Restaurant, hotels, dhabas (traditional highway joints) and motels cluster in and around the historic city. Vaishali, Roopali, Amrapali, Sunrise, Good Luck, Shiv Sagar, Dorabjees, The Place, Shreyas, Poona Boarding, Asha Boarding, Chetana, Ruchira, Chalukya, Purab, Sarovar, Bamboo House, Fountain, Lucky, Shivam, Regal, Ten Downing Street, Black Cadilac,
Nandus, Dominos Pizzas, Pizzarea, Jayashree Garden, Vaidya Upahaar Griha, Bedekar Misal, Malvani Gazzeli, Garden Court, Ambrosia, Bininda da Dhaba, Sarja, Shravan, Sapna, Supreme Corner, Subhadra, Kublai,Gandharva, Swasti, Panchali, Abhiruchi (alias Bhide Baag), Banjara Hills, Daulat, Green Park, Mahabaleshwar etc are some of the very popular eating joints in and on the immediate borders of Pune.

Kohinoor, Pride, Blue Diamond, Panchasheel, Shreyas, Hoilday Inn, Hill View, Poonam, Sagar Plaza, Victoria etc are hotels where one can expect good service, clean and hygienic conditions and comfortable stay. With more and more expansion of trade, commerce, education and sight seeing the hotel and restaurant business is going through large scale expansion as well as improvements. Besides the typical Puneites (known as Punekars) are also getting more into hoteling with 'eating out' becoming a major attraction for most. Millions are being earned every year in his business and regardless of the common criticism it attracts it continues to be a major attraction for investors. Existing hotels are expanding their operations while new ones are being added to every year. Very few cases of hotels being forced to close down due to losses can be found in this city which is also fast earning the tag of the hotel goers' Paradise.

Thus the city can be seen as a hub of extensive economic activity. Trade, commerce and manufacturing in a variety of goods can be observed.
Sale and purchase of services is also quite rampant with a number of lawyers, doctors, chartered accountants, tax consultants etc earning whopping sums every financial year. The average earning is quite high in Pune as compared to the other cities in India. Both saving and spending is continuously on the rise. Volume of transactions are also on a relentless rise. The future of Pune as a city of economic strength is in
fact reasonably bright.