Pune's industry has grown exponentially over the last decade with major Automobile and FMCG companies setting up base in the city. Growth in manufacturing, IT/ITES and automobile sectors has transformed Pune from a peaceful city attracting retired couples, to a city propelled by young migrants and entrepreneurs.
Over the last decade, Pune's cityscape has been increasingly dotted with hip bars and quirky shops. New urban landmarks now include the boutique restaurants in Koregaon Park, trendy bars on MG Road, international hotels and new-age malls.
Pune has a dense central district with a concentration of high street retail, traditional residential colonies and offices. There are 2 primary growth corridors in Pune; Nagar Road in the East and Aundh/Hinjewadi in the west. Nagar Road and surrounding areas in eastern Pune have seen rapid mushrooming of retail malls in the last 2 years.
Availability of prime and affordable land, a supportive industrial development authority and concentration of high-quality educational institutes contributed to Pune's industrial growth. Over the last few years, industrial conglomerates like Volkswagen, Bajaj, Renault, Tata Motors, GM, Daimler, Mahindra & Mahindra and JCB set up manufacturing units in Chakkan and Pimpri. It is also the hub for electronic goods companies like LG, Whirlpool and FMCG companies like Frito Lay and Coca Cola.
Pune has also witnessed a sea of entrepreneurs leveraging the backward and forward linkages with the industrial cluster and offering services like ITES, software design, ancillary manufacturing, consulting and management services.
For the city, being an industrial hub translates into: