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Economy of Nashik


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Industry

Major industries

The HAL plant is an aircraft manufacturing plant located 10 mi (16 km) from Nashik employing about 7000 people.

The Currency Note Press and Indian Security Press are located in Nashik Road, where Indian currency and government stamp papers are printed respectively. Manufacturers who have set up plants in the Nashik MIDC area include: Bosch India - previously MICO Bosch, Mahindra and Mahindra, CEAT, Thyssen Krupp, Samsonite, Atlas Copco, Crompton Greaves, ABB, GlaxoSmithKline, Cipla, Glenmark pharmaceuticals, L&T, Schneider Electric, Jindal Steel, Garware, Gabriel India, Lear Corporation, Excello India, Kirloskar, IBP, Coca Cola, Siemens, TDK Epcos, EATON, Shalimar Paints, Hindustan National Glass Ltd, Mylan Lab Ltd. Sharda Motors, Jyoti Structures, Cable Corporation Of India, Bajaj CFLs etc. few to name.

Nashik is also emerging as a Business process outsourcing(BPO/IT) destination and is in list of the selected Tier II cities for BPO/IT companies. Currently there is One Private IT Park Named Vascon IT Park, and another under construction at Ambad named Anand Mahindra IT Park. ESDS Software Ltd, GloStream and Hostgator India, Application Nexus, WNS, Winjit Technologies, I-Tech System, Netwin, Cognifront, Datamatics, etc. are few of the IT Companies in Nashik.

IndiaBulls is setting up a Multipurpose SEZ at Sinnar near Nashik named Neocity SEZ over an area of 2500 hectares. It is first and largest multipurpose SEZ in Maharashtra.

Nashik has Two Thermal Power Plants 1.NTPC Eklahare Nashik 2.Indiabulls Power Ltd Sinnar. Also, Suzlon energy has Windmill power generation in Sinnar.

Nashik also has some textile industries. In remote areas like Surgana Block, many tribals are engaged in Carpet weaving. Export quality carpets are prepared in and around Umbarthan
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