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== Economy == [[File:World-Trade-Center-Pune.jpg|right|thumb|250px|World Trade Center, Pune.]] Pune is a well known manufacturing and industrial center of India. With an estimated nominal GDP of Rs. 3,31,478 crores for year 2019β20, Pune District is the third largest contributor to the economy of Maharashtra, after Mumbai and Thane. Pune has the fifth largest metropolitan economy and the sixth highest per capita income in the country.<ref>{{cite web |title=Top Ten Wealthiest Towns of India |url=http://www.mapsofindia.com/top-ten-cities-of-india/top-ten-wealthiest-towns-india.html |url-status=live |archive-url=https://web.archive.org/web/20120309081911/http://www.mapsofindia.com/top-ten-cities-of-india/top-ten-wealthiest-towns-india.html |archive-date=9 March 2012 |access-date=1 March 2012 |publisher=Maps of India}}</ref><ref>{{Cite news |last=Haritas |first=Bhragu |title=Richest Cities Of India|work=BW Businessworld |url=http://businessworld.in/article/Richest-Cities-Of-India/28-06-2017-121011/ |url-status=live |access-date=26 June 2018 |archive-url=https://web.archive.org/web/20180629023248/http://businessworld.in/article/Richest-Cities-Of-India/28-06-2017-121011/ |archive-date=29 June 2018}}</ref> As per the Directorate of Economics and Statistics (Government of Maharashtra), the GDP per capita of Pune District in 2019β20 was Rs. 3,16,848. In 2014β15, the manufacturing sector provided employment to over 500,000 people.<ref name="industry">{{Cite news |date=10 July 2017 |title=Journey from auto hub to Industry 4.0 in Pune|work=The Indian Express |url=https://indianexpress.com/article/cities/pune/journey-from-auto-hub-to-industry-4-0-in-pune-4743553/ |url-status=live |access-date=13 June 2018 |archive-url=https://web.archive.org/web/20180613160942/https://indianexpress.com/article/cities/pune/journey-from-auto-hub-to-industry-4-0-in-pune-4743553/ |archive-date=13 June 2018}}</ref> === Manufacturing === {{Main|List of vehicle plants in India#Maharashtra}} [[File:Tata motors Pune plant 1315.jpg|thumb|250px|right| [[Tata motors]] vehicle manufacturing plant in [[Chinchwad]]]] The formation of [[Maharashtra Industrial Development Corporation|MIDC]] in 1962 resulted in a constant process of industrial land acquisition and the creation of required support infrastructure. Since then, there has been a massive influx of several European companies who continue to be keen on setting up manufacturing facilities in the city. The city serves as headquarters to many companies. Major industrial areas around Pune are [[Chakan, Pune|Chakan]], [[Chinchwad]], [[Bhosari]], [[Pirangut]], [[Hinjawadi]], [[Talegaon]], [[Talawade, Pune|Talawade]], [[Urse]]. ''[[The Independent]]'' referred [[Chakan, Pune|Chakan]] as India's "Motor City".<ref>{{cite news |date=20 April 2008 |title=The boom is over in Detroit. But now India has its own motor city |work=The Independent |location=London |url=https://www.independent.co.uk/news/business/analysis-and-features/the-boom-is-over-in-detroit-but-now-india-has-its-own-motor-city-812050.html |url-status=live |access-date=22 April 2008 |archive-url=https://web.archive.org/web/20080421010509/http://www.independent.co.uk/news/business/analysis-and-features/the-boom-is-over-in-detroit-but-now-india-has-its-own-motor-city-812050.html |archive-date=21 April 2008}}</ref> The [[Kirloskar Group]], one of India's largest manufacturers and exporters of pumps and the largest infrastructure pumping project contractor in Asia, is headquartered in Pune.<ref>{{cite web |title=Kirloskar Brothers restructure group |url=http://www.moneycontrol.com/news/business/kirloskar-brothers-restructure-group-dilute-cross-holdings_428696.html |url-status=live |archive-url=https://web.archive.org/web/20091206043708/http://www.moneycontrol.com/news/business/kirloskar-brothers-restructure-group-dilute-cross-holdings_428696.html |archive-date=6 December 2009 |access-date=14 December 2009 |publisher=CNBC-TV18}}</ref><ref>{{cite web |title=Pump Industry in India β Overview, Market, Manufacturers, Opportunities |url=https://www.indianpumpsandvalves.com/pumps |url-status=dead |archive-url=https://web.archive.org/web/20180613183819/https://www.indianpumpsandvalves.com/pumps |archive-date=13 June 2018 |access-date=14 November 2017 |website=Indian Pumps And Valves}}</ref> [[Kalyani Group]] headquartered in Pune owns [[Bharat Forge]] which operates world's largest single location forging facility consisting of fully automated forging press lines and state-of-the-art machining facility in Pune.<ref>{{cite news |last1=Baggonkar |first1=Swaraj |title=Bharat Forge says total shift to e-mobility will hit revenue by 10β12% |url=https://www.moneycontrol.com/news/technology/auto/bharat-forge-says-total-shift-to-e-mobility-will-hit-revenue-by-10-12-7195541.html |access-date=11 May 2022 |work=Moneycontrol |date=20 July 2021|archive-date=3 September 2022 |archive-url=https://web.archive.org/web/20220903090717/https://www.moneycontrol.com/news/technology/auto/bharat-forge-says-total-shift-to-e-mobility-will-hit-revenue-by-10-12-7195541.html |url-status=live }}</ref><ref>{{cite web|url=https://www.bharatforge.com/index.php/worldwide/national|title=Bharat Forge β National Presence|website=bharatforge.com|access-date=11 May 2022|archive-date=15 March 2022|archive-url=https://web.archive.org/web/20220315054249/https://www.bharatforge.com/index.php/worldwide/national|url-status=live}}</ref> [[Bajaj Auto]], headquartered in Pune, is ranked as the world's fourth largest two and three wheeler manufacturer.<ref>{{cite web |date=21 July 2007 |title=Bajaj Group India β Bajaj Group of Companies β Profile of Bajaj Group of Companies β Bajaj Group History |url=http://www.iloveindia.com/economy-of-india/top-50-companies/bajaj-group.html |url-status=live |archive-url=https://web.archive.org/web/20110101115252/http://www.iloveindia.com/economy-of-india/top-50-companies/bajaj-group.html |archive-date=1 January 2011 |access-date=28 January 2011 |publisher=Iloveindia.com}}</ref> The city is known for its automotive industry. A large number of automobile companies such as [[Bajaj Auto]], [[Tata Motors]], [[Mahindra & Mahindra]], [[Skoda cars]], [[Mercedes-Benz India|Mercedes Benz]], [[Force Motors]], [[Kinetic Engineering Limited|Kinetic Motors]], [[General Motors]], [[Land Rover]], [[Jaguar Cars|Jaguar]], [[Renault]], [[Volkswagen India|Volkswagen]], and [[Fiat India Automobiles|Fiat]] have there manufacturing plants in Chakan. [[Serum Institute of India]], the world's fifth largest [[vaccine]] producer by volume, is based in Pune.<ref>{{cite web |title=Serum Institute of India to invest Rs 1,000 crore to set up new facility |url=http://articles.economictimes.indiatimes.com/2014-10-29/news/55558974_1_serum-institute-poonawalla-group-india-ceo |url-status=dead |archive-url=https://web.archive.org/web/20150208120134/http://articles.economictimes.indiatimes.com/2014-10-29/news/55558974_1_serum-institute-poonawalla-group-india-ceo |archive-date=8 February 2015 |access-date=1 February 2015 |work=The Economic Times}}</ref> As of August 2023, [[Tesla, Inc.]] has leased a space in Pune, marking its initial step towards establishing a presence in India.<ref>{{Cite magazine |title=Elon Musk's Tesla acquires space in Pune for first India office |url=https://www.indiatoday.in/india/story/tesla-acquires-space-in-pune-for-its-office-in-india-2415939-2023-08-03 |access-date=3 August 2023 |magazine=India Today |date=3 August 2023}}</ref> ===Information technology=== {{Multiple image | align = right | direction = vertical | image3 = Cerebrum IT park.jpg | caption3 = Cerebrum IT Park | image4 = EON IT Park.jpg | caption4 = EON IT park, [[Kharadi]] | image6 = Magarpatta- city-pune.jpg | caption6 = Cybercity, [[Magarpatta]]}} The Rajiv Gandhi Infotech Park in [[Hinjawadi]] is a βΉ 60,000 crore (US$8.9 billion) project by the [[Maharashtra Industrial Development Corporation]] (MIDC).<ref name="RT_Dec2007"/><ref>{{cite web |title=Hinjawadi IT park |url=http://megapolis.co.in/hinjewadi-it-park.html |url-status=dead |archive-url=https://web.archive.org/web/20090318015457/http://www.megapolis.co.in/hinjewadi-it-park.html |archive-date=18 March 2009 |access-date=13 November 2009 |work=The MegaPolis}}</ref> The IT Park encompasses an area of about {{convert|2800|acre|km2}} and is home to over 800 IT companies.<ref name=":9">{{Cite news |last=Banerjee |first=Shoumojit |date=27 May 2017 |title=Pune, where panic reigns an IT campus|work=The Hindu |url=http://www.thehindu.com/business/Industry/pune-where-panic-reins-an-it-campus/article18591285.ece |url-status=live |access-date=13 June 2018 |archive-url=https://web.archive.org/web/20170527171136/http://www.thehindu.com/business/Industry/pune-where-panic-reins-an-it-campus/article18591285.ece |archive-date=27 May 2017 |issn=0971-751X}}</ref><ref name="industry" /> Besides Hinjawadi, IT companies are also located at [[Magarpatta]], [[Kharadi]] and several other parts of the city. As of 2017, the IT sector employed more than 300,000 people.<ref name=":9" /><ref name="industry" /> Pune has also emerged as a new hub for tech startups in India.<ref>{{Cite news |title=Pune Based TripHobo Raises $3 Mln Series B Funding |url=http://trak.in/tags/business/2014/06/30/triphobo-funding/ |url-status=live |archive-url=https://web.archive.org/web/20160103182259/http://trak.in/tags/business/2014/06/30/triphobo-funding |archive-date=3 January 2016}}</ref><ref>{{Cite news |title=Food delivery service Foodpanda acquires rival TastyKhana |url=http://articles.economictimes.indiatimes.com/2014-11-18/news/56221947_1_tastykhana-shachin-bharadwaj-hellofood |url-status=dead |archive-url=https://web.archive.org/web/20151113204604/http://articles.economictimes.indiatimes.com/2014-11-18/news/56221947_1_tastykhana-shachin-bharadwaj-hellofood |archive-date=13 November 2015}}</ref><ref>{{Cite news |title=Startups find Pune a fertile ground |url=http://timesofindia.indiatimes.com/city/pune/Startups-find-Pune-a-fertile-ground/articleshow/48566273.cms |url-status=live |archive-url=https://web.archive.org/web/20150824090600/http://timesofindia.indiatimes.com/city/pune/Startups-find-Pune-a-fertile-ground/articleshow/48566273.cms |archive-date=24 August 2015 }}</ref> [[NASSCOM]], in association with MIDC, has started a co-working space for city based startups under its ''10,000 startups'' initiative at [[Kharadi]] MIDC.<ref>{{cite web |title=Start-up Warehouses set up in Navi Mumbai and Pune |url=http://www.nasscom.in/startup-warehouses-set-navi-mumbai-and-pune?fg=1420175 |url-status=dead |archive-url=https://web.archive.org/web/20151207202001/http://www.nasscom.in/startup-warehouses-set-navi-mumbai-and-pune?fg=1420175 |archive-date=7 December 2015 |access-date=4 June 2016 |website=Nasscom.in}}</ref> Pune Food Cluster development project is an initiative funded by the [[World Bank]]. It is being implemented with the help of [[Small Industries Development Bank of India]], Cluster Craft to facilitate the development of the fruit and vegetable processing industries in and around Pune.<ref>{{cite web |title=PuneFoodHub.com β Food Cluster Pune |url=http://www.punefoodhub.com/about |url-status=live |archive-url=https://web.archive.org/web/20090904140153/http://www.punefoodhub.com/about |archive-date=4 September 2009 |access-date=15 October 2009}}</ref><ref>{{cite web |title=PuneFoodHub.com β Project Partners |url=http://www.punefoodhub.com/partners |url-status=live |archive-url=https://web.archive.org/web/20090905173144/http://www.punefoodhub.com/partners |archive-date=5 September 2009 |access-date=15 October 2009}}</ref> Major technology companies [[Ubisoft Pune]], [[Zensar Technologies]], [[Patni Computer Systems]], [[Persistent Systems]], [[Indiacom]], [[Harbinger Knowledge Products]], [[Seniority (company)|Seniority]], Monjin, [[Mylab Discovery Solutions]], [[Quick Heal]] and [[KPIT Technologies]] are headquartered in Pune. Indian tech giant [[Infosys]] was founded in Pune who have a mega campus in city. [[Zensar Technologies]] is located in a mega campus called [[Zensar Technologies|Zensar Park]]. ===Entertainment=== {{See also|List of tourist attractions in Pune}} [[File:Exterior of Westend Mall, Aundh, Pune.jpg|thumb|Westend Mall, [[Aundh, Pune]]]] Pune is an emerging centre for [[VFX|VFX services]], with Indian and international studios such as Anibrain, [[Reliance Entertainment|Reliance Animation]],<ref>{{cite web |title=About Us β Reliance Animation, Indian Animation Studio |url=https://www.relianceanimation.com/about-us.php |website=Reliance Animation |access-date=14 July 2022 |archive-date=1 April 2022 |archive-url=https://web.archive.org/web/20220401080811/https://relianceanimation.com/about-us.php |url-status=live }}</ref> Digikore Studio, HMX Media, Waffold Pune, Stereo D, Framestore and Method Studios<ref>{{cite web |title=Main |url=https://www.methodstudios.com/en/main/#locations |website=Method Studios |access-date=14 July 2022 |archive-date=30 June 2022 |archive-url=https://web.archive.org/web/20220630065620/https://www.methodstudios.com/en/main/#locations |url-status=live }}</ref> having established their facilities here. The [[Meetings, Incentives, Conferencing, Exhibitions]] trade is expected to be boosted since the Pune International Exhibition and Convention Centre (PIECC) opened in 2017. The 97-hectare PIECC has a [[seating capacity]] of 20,000 with a floor area of {{convert|13,000|mΒ²|0|abbr=on}}. It has seven exhibition centres, a convention centre, a golf course, a five-star hotel, a business complex, shopping malls, and residences. The US$115 million project was developed by the Pimpri-Chinchwad New Town Development Authority.<ref>{{cite web |title=Pune gets green light for massive MICE centre |url=http://www.ttgmice.com/article/pune-gets-green-light-for-massive-mice-centre/ |url-status=dead |archive-url=https://web.archive.org/web/20130605132238/http://www.ttgmice.com/article/pune-gets-green-light-for-massive-mice-centre/ |archive-date=5 June 2013 |access-date=12 December 2012 |publisher=TTGmice}}</ref> There are many food joints around Pune which makes it a favourite outing destination.<ref>{{Cite web|date=3 December 2015|title=Pune's hippest bars and eateries|url=https://www.hindustantimes.com/more-lifestyle/bites-between-tunes/story-cJKTztcT31kZ3K2lNmDxNO.html|access-date=29 September 2021|website=Hindustan Times|archive-date=17 June 2023|archive-url=https://web.archive.org/web/20230617080358/https://www.hindustantimes.com/more-lifestyle/bites-between-tunes/story-cJKTztcT31kZ3K2lNmDxNO.html|url-status=live}}</ref> World Trade Center (WTC) Pune is a 1.6 million sq. ft. complex built to foster [[international trade]]. WTC Pune is part of the [[World Trade Centers Association]].<ref>{{cite web|url=https://www.wtca.org/world-trade-center-pune|title=World Trade Centers Association|website=Wtca.org|access-date=13 June 2018|archive-url=https://web.archive.org/web/20180613185632/https://www.wtca.org/world-trade-center-pune|archive-date=13 June 2018|url-status=live}}</ref><ref>{{cite web|url=http://wtcpune.com/|title=Commercial Projects in Kharadi Pune {{!}} World Trade Center (WTC) Pune|website=Wtcpune.com|access-date=13 June 2018|archive-url=https://web.archive.org/web/20180604095539/http://wtcpune.com/|archive-date=4 June 2018|url-status=live}}</ref>
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