Navi Mumbai boasts of a rich tapestry of industries, ranging from manufacturing to cutting-edge technology, creating a diverse corporate landscape that propels its business sector to new heights. The amazing interaction between Navi Mumbai’s corporate behemoths and the booming real estate market is at the core of the city’s economic prosperity. The demand for premier commercial spaces parallels the vigour of the city’s growing sectors and this mutually beneficial connection is the driving force behind the city’s expansion.
See also: Top 7 manufacturing companies in Mumbai city
Business landscape in Navi Mumbai
Navi Mumbai has a broad economic environment with a wide range of blooming sectors. From powerful manufacturing companies to emerging tech companies, the city serves as a commercial hub. In addition to its strategic position, it has a burgeoning logistics and transportation sector, while a thriving IT and service industry fosters innovation. Furthermore, the pharmaceutical and healthcare industries continue to prosper, adding to the city’s dynamic economic tapestry. The strategic mix of sectors in Navi Mumbai, ranging from manufacturing to cutting-edge technology, demonstrates the city’s standing as a significant commercial centre.
Read also: List of top 10 manufacturing companies in Faridabad
Top manufacturing companies in Navi Mumbai
BASF India
Industry: Manufacturing
Company Type: MNC
Location: Turbhe, Navi Mumbai, Maharashtra – 400705
Founded in: 1943
BASF India, a subsidiary of the multinational chemical giant BASF SE, exemplifies Indian chemical industry prowess. It has established itself as a major provider of innovative solutions across numerous industries, including agriculture, automotive, construction, and healthcare. BASF India, which is committed to sustainability and technical innovation, plays an important role in developing India’s industrial environment and contributing to its economic success.
Reliance Life Sciences
Industry: Manufacturing
Company Type: Private
Location: Rabale, Navi Mumbai – 400701
Founded in: 2001
Reliance Life Sciences is a diverse organisation that engages in a variety of industries, including manufacturing. It works in biopharmaceuticals, pharmaceuticals, clinical research, regenerative medicine, and other sectors. This involves producing a diverse variety of products, such as biopharmaceuticals, specialised chemicals, and medical devices, contributing considerably to the company’s total portfolio and influence on the healthcare and life sciences industries.
Hindustan Platinum
Industry: Manufacturing
Company Type: Private
Location: Pawne, Navi Mumbai, Maharashtra – 400703
Founded in: 1961
Renowned for its steadfast commitment to employing cutting-edge technology and delivering exceptional service, Hindustan Platinum is engaged in a comprehensive spectrum of activities within the platinum industry. This encompasses refining, fabrication, and the distribution of platinum-based products across diverse sectors, including chemical, pharmaceutical, automotive and jewellery.
Hindustan Organic Chemicals
Industry: Manufacturing
Company Type: Public
Location: Kalbadevi, Mumbai, Maharashtra – 400002
Founded in: 1960
The company’s primary area of expertise is the manufacturing of a broad range of industrial chemicals, ranging from targeted chemicals to fundamental organic compounds. The company’s operations encompass various segments, including pesticides, pharmaceuticals, and fine chemicals. With a commitment to quality and sustainability, it has earned a reputation for reliability and excellence in the chemical sector.
Galaxy Surfactants
Industry: Manufacturing
Company Type: Indian MNC
Location: Pawne, Navi Mumbai, Maharashtra – 400703
Founded in: 1980
Galaxy Surfactants is a global leader in the production of specialised chemicals for usage in the personal care, home care, and industrial sectors. The firm has established itself as a prominent participant in the chemical sector, famous for its competence in the research and manufacture of surfactants. The company’s product portfolio emphasises innovation, sustainability, and environmental stewardship.
Rallis India
Industry: Manufacturing
Company Type: Public
Location: Wadala, Mumbai, Maharashtra – 400037
Founded in: 1948
Rallis India is a Tata Chemicals Limited subsidiary. It is well-known for its contributions to agriculture through the invention, manufacturing, and marketing of a diverse variety of agrochemicals such as pesticides, herbicides and fungicides. The firm prioritises research and innovation in order to supply farmers with innovative and sustainable agricultural solutions.
Sandoz
Industry: Manufacturing
Company Type: Private
Location: Kalwe Block Village – Digha, Opposite Thane – Belapur Road, Navi Mumbai, Maharashtra – 400078
Founded in: 1995
It is a multinational pharmaceutical firm that operates as a subsidiary of Novartis AG, one of the world’s largest healthcare corporations. Sandoz is a household name for its contributions to the pharmaceutical and healthcare industries. The firm is committed to developing, manufacturing, and delivering a broad spectrum of high-quality generic and biosimilar medicines.
Bharat Serums and Vaccines
Industry: Manufacturing
Company Type: Private
Location: Airoli, Navi Mumbai, Maharashtra – 400708
Founded in: 1971
Bharat Serums and Vaccines is a prominent biopharmaceutical firm headquartered in India. It has been extremely beneficial to the healthcare industry. It specialises in biological, pharmaceutical, and biotechnology product development, manufacturing and marketing. The company has a strong reputation for its diverse product line, which includes vaccines, immunoglobulins and critical care products.
Covestro India
Industry: Manufacturing
Company Type: Private
Location: Airoli, Navi Mumbai, Maharashtra – 400708
Founded in: 1995
Covestro India is a subsidiary of Covestro AG, a global leader in the production of high-performance polymer materials. The firm is well-known for its wide range of high-quality polymers, which include polycarbonates, polyurethanes, and speciality chemicals. These materials are used in a variety of industries, including automotive, construction, electronics, healthcare, and others.
Henkel Adhesives Technologies
Industry: Manufacturing
Company Type: Private
Location: Hubtown Solaris Office No. 303, Near East West Flyover, Mumbai, Maharashtra – 400069
Founded in: 1990
It is a subsidiary of Henkel AG & Co. KGaA, a German multinational corporation. The firm manufactures adhesive and sealant solutions for a wide variety of sectors, including automotive, electronics, packaging, construction, and consumer goods. It produces an extensive array of adhesives, sealants, and surface treatment solutions for a variety of purposes.
Commercial real estate demand in Navi Mumbai
Office space
The growing workforce of industrial enterprises has resulted in an increased demand for Navi Mumbai office space. This spike in demand has accelerated the city’s commercial real estate sector’s expansion. As a result, several new office buildings and commercial parks have sprouted up around the city. This tendency has not only strengthened the city’s core but has also accelerated the growth of its neighbouring suburban and peripheral districts.
Rental property
The rise of manufacturing companies has further invigorated the rental property market. Property owners are witnessing a sustained demand for commercial spaces, resulting in a competitive landscape for rental rates and an appreciable uptick in property values, particularly in pivotal industrial zones.
Impact
The creation of mixed-use developments that seamlessly combine residential, business, and retail areas is becoming increasingly important to developers. This forward-thinking strategy accomplishes the combined goals of satisfying the needs of inhabitants and manufacturing professionals, leading to the development of vibrant, self-sufficient neighbourhoods.
Impact of the manufacturing industry on Navi Mumbai
The manufacturing industry’s crucial contribution to Navi Mumbai’s economic development is significant. Along with creating jobs, it has led to a rise in demand for commercial and industrial real estate, which is further boosting the city’s economy.
FAQs
What types of manufacturing companies are prominent in Navi Mumbai?
Navi Mumbai hosts a diverse range of manufacturing companies, including pharmaceuticals, textiles, electronics, chemicals and food processing.
What is the average turnaround time for obtaining permits and licences in Navi Mumbai?
Depending on the type of manufacturing and the particular needs, it may take a few weeks to months to secure permits and licences.
Why is Navi Mumbai so famous?
Navi Mumbai is a proposed satellite city which is a model of urban development, exhibiting the ideal mix of residential, commercial, and recreational spaces.
Which is the most developed area in Navi Mumbai?
Vashi is one of Navi Mumbai's most expensive and developed localities, with extensive facilities, including schools, banks, hospitals, hotels, and more.
What is the average income of Navi Mumbai?
The average yearly salary for employees in Navi Mumbai is Rs. 18 lakh, with most earning between Rs. 14 lakh and Rs 50 lakh.
Are there any environmental regulations that manufacturing companies in Navi Mumbai must adhere to?
Yes, like all manufacturing units in India, companies in Navi Mumbai must comply with waste disposal, emissions control, and other eco-friendly practices.
Are there any notable industrial clusters within Navi Mumbai?
Yes, there are several industrial clusters in the city, such as TTC Industrial Area and Pawane MIDC, each specialising in different industries. Which is the richest manufacturing company in India? Reliance Industries Limited sits at the top of the list of the top Indian companies.
Which is the richest manufacturing company in India?
Reliance Industries Limited sits at the top of the list of the top Indian companies.
Which city has the most manufacturing companies in India?
Chennai has the largest number of manufacturing companies in India.
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