Economy

Agriculture

In early 1925, the table grape revolution was started in Ojhar, a small town near Nashik, by Raosaheb Jairam Krishna Gaikwad. Today, table grapes are exported to Europe, the Middle East, and Asia.

The average Kharip crop area is 663,200 hectares while the average Rabbi crop area is 136500 hectares. The sown area is 658,763 hectares (99%) and the forest land is 340,000 hectares (21.75%). The uncultivable area is 23,000 hectares (1.48%).

Industry

The Igatpuri-Nashik-Sinnar investment region is an important node in the US$ 90 billion Delhi Mumbai Industrial Corridor Project. There is a Hindustan Aeronautics Limited aircraft manufacturing plant 10 mi (16 km) from Nashik. The Currency Note Press and India Security Press are on Nashik Road, where Indian currency and government stamp papers are printed respectively. Existing industrial areas in Nashik district are Satpur, Ambad, Sinnar, Igatpuri, Dindori and Vinchur. The proposed areas are Additional Sinnar and Malegaon MIDC.

Large-scale industries present in Nashik district are Atlas Copco, Robert Bosch GmbH, CEAT Limited, Crompton Greaves, Graphite India, Schneider Electric, ThyssenKrupp, Epcos, Everest Industries, Gabriel India, GlaxoSmithKline, Hindustan Coca-cola, Hindustan Unilever Limited, Jindal Polyster, Jyoti Structures, Kirlosker Oil Engines, KSB Pumps, Larsen & Toubro, Mahindra and Mahindra, Mahindra Sona, United Spirits Limited, Perfect Circle Industries, Mahindra Ugine Steel, Samsonite, Shalimar Paints, Siemens, VIP Industries, Indian Oil Corporation, XLO India Limited and Jindal Saw. Apart from manufacturing, Nashik is an emerging investment destination for Information Technology companies. Tata Consultancy Services has invested in Nashik under the Government of India BPO promotion scheme (IBPS). TCS has set up Digital Impact Square, or DISQ, which is a social innovation center.

Nashik has a textile industry. National Bank for Agriculture and Rural Development has selected Yeola Block for development of Paithani Cluster. To facilitate exports, a container freight station was started at MIDC Ambad by the Central Government.

After Pune and Mumbai, Nashik is third industrial hub of the Maharashtra state, for the highly industrial development in Maharashtra. Nashik city is located about 200 km far from the main industrial city Mumbai and Pune. Nashik has many government companies as well as undertakings. Such as-

  • Hindustan Aeronautics Ltd. (Defense Ministry) at Ozar-Mig.
  • Security press of India, Nashik Street
  • Press of currency Note, Nashik Street.
  • Thermal P. Plant at Eklahare
  • Artillery centre at Nasik street camp.
  • Artillery school, Deolali
  • Maharashtra Engineering R. institute (MERI)
  • Health university of Maharashtra state, (MUHS)
  • Y.C. Maharashtra O. University, (YCMOU)
  • Police academy of Maharashtra (MPA)
  • IRIEEN at Nasik road
  • Cantonment B. of Deolali, Nasik
  • Combat A.A. center.
  • Industry

Wine industry

Nashik has been described as The Wine Capital of India; by Alok Chandra of Business Standard due to the numerous wineries in the district. As of 2013, the Nashik region reportedly produced 10,000 tonnes of grapes per year.

There are 22 wineries in Nashik, out of 46 wineries throughout India total.

Nashik is home to several wine festivals, such as SulaFest in the harvest season.

Education

The city has two state-run universities, the Yashwantrao Chavan Maharashtra Open University and the Maharashtra University of Health Sciences.