The city was a major silk and cotton textile production centre.

A fine blend of silk with

locally grown cotton was developed as Himroo textile. Much of the silk industry has
vanished over time, but some manufacturers have managed to keep the tradition alive.
Paithani silk saris are also made in Aurangabad. The name of this cloth is derived from
Paithan town.

In 1889 a cotton-spinning and weaving mill was erected in Aurangabad city, which
employed 700 people. With the opening of the Hyderabad-Godavari Valley Railways in
the year 1900 several ginning factories were started. In the Jalna alone there were 9
cotton-ginning factories and 5 cotton-presses, besides two ginning factories at
Aurangabad and Kannad, and one oil- press at Aurangabad. The total number of people
employed in the cotton-presses and ginning factories in the year 1901 was 1,016.[5]

Until 1960, Aurangabad languished as a city, remaining an industrially backward. In

1960, the region of Marathwada was merged with Maharashtra. This was the time when
the industrial development of the Marathwada region began, propelled through
designated backward area benefits. And it was only when the Maharashtra Industrial
Development Corporation (MIDC) began acquiring land and setting up industrial estates
that it began to grow. Aurangabad is now classic example of efforts of state government
towards balanced industrialisation of state. [6]

Many renowned Indian and MNCs have established themselves in the Industrial Estates
of Aurangabad:

• Videocon • Goodyear • MAN Diesel • Baxter

• Škoda • Bajaj Auto • Sterlite • Lombardini
Auto • Colgate- Optical India
• Wockhardt Palmolive Technologies • Seminis Seeds
• Johnson & • Kenstar • Franke
Johnson • Greaves • Mahyco Seeds /
• Endress+Hauser Cotton Monsanto
• Siemens
• Forbes Gokak
Ltd

Some of the other well known names are: Garware, Ajanta Pharma, AMRI, Glenmark,
Lupin, Wipro, Orchid pharma, Endurance systems, Rucha Eng, Indo German Tool Room,
Ceekay Daikin Ltd, Cosmos Films, NRB bearings, Hindalco-Almex Aerospace, Can-
pack India, Varroc, Dagerfrost, FrigoriFico Allana, Nath Seeds.

The Aurangabad - Jalna belt is also considered as the seed capital of India with presence
of some of the largest seed companies in the country. Mahyco (R&D + Production), Nath
Seeds (R&D + Production) Seminis seeds (R&D + Production) and Monsanto (R&D
currently) are some of the big names in the industry.[7]
Many firms have their manufacturing bases in Aurangabad, in the sectors of automotive
and auto components, pharmaceuticals and breweries, consumer durables, plastic
processing, aluminium processing, agriculture and biotech. Among Pharmaceutical there
is Recombinant Insulin Manufacturing plant of Wockhardt (Wockhardt Biotech Park) in
Aurangabad, which is Largest Biopharmaceutical plant in India. Aurangabad also has 5
star hotels like ITC Welcomgroup's The Rama International, The Ajanta Ambassador,
The Taj Residency, The Lemontree (formerly The President Park) and the Aurangabad
Gymkhana.

Audi assembly line at Škoda Auto, Aurangabad

The Shendra, Chikalthana and Waluj MIDC Industrial Areas are prominent industrial
zones on the outskirts of the city, with various major multinational groups having set up
manufacturing or processing plants in and around the city. There are five Special
Economic Zones (SEZs) which have been approved by central governemnt for this city
and these are, in automotive (Bajaj Auto), in pharmaceuticals (Inspira Pharma SEZ and
Wockhardt), one in aluminium (Hindalco Aluminium) and yet another is Inspira
Renewable Energy SEZ. Recently Aurangabad became the third city in Maharashtra
(after Pune & Nashik ) to host an auto cluster namely Marathwada Auto Cluster(MAC).[8]
Electrical goods major Siemens has setup a plant for manufacturing of train coaches
including superior quality bogies for locomotives, electric multiple units and metro
coaches at Shendra MIDC Aurangabad.[9]

[edit] Financial services

Modern banking in the district may be said to have begun when the Central Bank of India
was established in Hyderabad State on 19 February 1932, at Jalna, and in next year i.e.,
on 20 December 1933, at Aurangabad.

Later on in 1945 the Bank of Hyderabad was established under the Hyderabad State Bank
Act of 1350 Fasli. The State Bank of Hyderabad mainly transacted Government business
such as accepting and holding of money belonging to the Government and making
payments on its behalf and other routine business such as exchange, remittance, etc. The
bank also worked as an agent of the Government in its function of issuing paper.[10]

In the first decade of the twenty-first century, Aurangabad has seen a spurt in financial
activities, with almost all public sector and private banks have opened up branches
including the State Bank of India, State Bank of Hyderabad, Bank of Maharashtra,
Citibank India, Deutsche Bank, ICICI Bank, Bank of India, HDFC Bank, etc. Also
Regional Rural Bank viz. Aurangabad Jalna Gramin Bank was established in 1982.
During 2008 as per Govt. of India directives, Aurangabad Jalna Gramin Bank and Thane
Gramin Bank (both sponsored by Bank of Maharashtra) was amalgamated, and new RRB
came into existence namely Maharashtra Godavari Gramin Bank. The head office of
which is in Aurangabad city. The area of operation is of nine districts viz. Aurangabad,
Jalna, Jalgaon, Dhule, Nandurbar, Nasik, Ahmednagar, Thane and Raigad.

The Shendra, Chikalthana and Waluj MIDC Industrial Areas are

prominent industrial zones on the outskirts of the city, with various
major multinational groups having set up manufacturing or processing
plants in and around the city. There are five Special Economic Zones
(SEZs) which have been approved by central government for this city
and these are, in automotive (Bajaj Auto), in pharmaceuticals (Inspira
Pharma SEZ and Wockhardt), one in aluminum (Hindalco Aluminium)
and yet another is Inspira Renewable Energy SEZ. Recently
Aurangabad became the third city in Maharashtra (after Pune & Nashik
) to host an auto cluster namely Marathwada Auto Cluster(MAC).
Electrical goods major Siemens has setup a plant for manufacturing of
train coaches including superior quality bogies for locomotives, electric
multiple units and metro coaches at Shendra MIDC Aurangabad

The city was a major silk and cotton textile production centre. A
fine blend of silk with locally grown cotton was developed as Himroo
textile. Much of the silk industry has vanished over time, but some
manufacturers have managed to keep the tradition alive. Paithani silk
saris are also made in Aurangabad. The name of this cloth is derived
from Paithan town.

In 1889 a cotton-spinning and weaving mill was erected in

Aurangabad city, which employed 700 people. With the opening of the
Hyderabad-Godavari Valley Railways in the year 1900 several ginning
factories were started. In the Jalna alone there were 9 cotton-ginning
factories and 5 cotton-presses, besides two ginning factories at
Aurangabad and Kannad, and one oil- press at Aurangabad. The total
number of people employed in the cotton-presses and ginning factories
in the year 1901 was 1,016.

Until 1960, Aurangabad languished as a city, remaining an industrially

backward. In 1960, the region of Marathwada was merged with
Maharashtra. This was the time when the industrial development of the
Marathwada region began, propelled through designated backward
area benefits. And it was only when the Maharashtra Industrial
Development Corporation (MIDC) began acquiring land and setting up
industrial estates that it began to grow. Aurangabad is now classic
example of efforts of state government towards balanced
industrialization of state.

Many renowned Indian and MNCs have established themselves in the

Industrial Estates of Aurangabad:

• Videocon • Goodyear • MAN • Baxter

• Škoda • Bajaj Auto Diesel • Lombardini
Auto • Colgate- • Sterlite India
• Wockhar Palmolive Optical • Seminis
dt • Kenstar Technolo Seeds
• Johnson gies
& • Endress+Haus • Franke • Mahyco
Johnson er • Greaves Seeds /
Cotton Monsanto
• Siemens
• Forbes
Gokak Ltd