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Economy :Overview : Nashik today is one of the fastest growing cities of India and has even been identified as a tier-2 metro. The city's economy is driven chiefly by the engineering and manufacturing industry (which has been around since the seventies) as well as the progressive agriculture in area surrounding the city. Auto majors such as Mahindra & Mahindra, BOSCH and Original Equipment Manufacturers (OEMs) such as VIP, Samsonite, CEAT etc. have their plants here and have spawned a huge network of auto component suppliers and engineering ancillary services. It is also a pharmaceutical hub with presence GlaxoSmithKline and Fem. In recent years, Nasik has also carved a niche for itself as India's "Napa Valley" and locally established wine brands such as "Sula" have attained international acclaim. Modern efforts are on to promote the growth of an export-oriented rose farming and wine industry in the district. Nashik is also deemed "the third most industrialised city of Maharashtra after Mumbai and Pune", mainly due to extensive industrial development in recent times. It is home to an important thermal power plant (Eklahare) and a National Treasury Printing Press (India Security Press at Nashik Road). There are five "Industrial Zones" in the Nashik area and its outskirts (Satpur, Ambad, Sinnar, Igatpuri and Dindori). Nashik has a number of sugar mills. It is also chief exporter of white onions and pomegranates. Industry : Private Industries : The hal plant is an aircraft manufachuring plantlocated 10 miles from nasik employing about 7000 people. this makes nasik a hub for aircraft manufacturing and future prospects are also bright due to this project.World's greatest manufacturers have set up plants in Nashik MIDC area:Bosch India [leader in auto ancillary ], Crompton Greaves Limited, ABB Ltd, Mahindra & Mahindra Ltd, Kirloskar Oil, Ceat Tyres, Schnider, Jyothi Structure, VIP Ltd, Graphite India Ltd,'Surya Murphy', Glaxo Pharma, Coca Cola, and Victor Gasket Ltd. Besides these, even IT sectors has entered a market, but the growth is slow due to the lack of infrastructure and technical support. And Nashik is now popular for the Wine industries. Around 60% of wine production from india is done at Nashik.Nasik Wine Park is a grape wine park administered by the Maharashtra Industrial Development Corporation (MIDC). Many renowned Indian and MNCs established themselves in Nashik: IT Parks : In recent days, the government has decided to prepare IT parks in the city of Nashik Road. The V-Tech park is one of the largest IT parks of Maharashtra. Nashik is also emerging as a BPO/IT destination and is in list of the selected Tier II cities for BPO/IT companies. ; companies like Datamatics, WNS and gloStream have presence in Nashik. Government Run Industries : The Indian Security Press : The India Security Press (the National Treasury Press) was the biggest employer in Nashik for many decades until the late eighties when a service-based economy started to thrive. The existence of the India Security Press is very beneficial to Nashik citizens. It not only provides employment to thousands of residents for the past few decades, it also has spawned the surrounding economy and has kept the green canopy in the city protected. It also has an adjoining Gymkhana and a large playground, which is a favorite games/exercise spot for both children and adults. Hindustan Aeronautics Limited has a presence at Ojhar Township in Nashik District of Maharashtra State. It is engaged in the design, manufacture and overhaul of a variety of aviation products from basic trainers to highly sophisticated supersonic fighters, helicopters, transport aircraft, engines, accessories and systems. Agriculture : Nashik is very famous for grapes, onions and tomatoes, all of which are grown in huge quantities. The wine culture is growing at an alarming speed for both growers and wine makers. Nashik was famous for its table grapes for a very long time. In early 1925, the Table Grape revolution was started by Shree Ramrao Jairamji Gaikwad, who is known to have been the first person to commercially grow table grapes, in Ojhar, a small town near Nashik. He is known as the Father of Indian grapes and revolutionised not only grape growing, but also other crop cultivation practices. Today, table grapes are being exported in great quantities to Europe, the Middle East and Asia. They are used to make raisins and juices. Nashik also exports a reasonable quantity of onions. Agriculture contributes greatly towards the Nashik's economy. 
New Residential Areas of Nashik, dominated by multi-floor apartments
Urbanisation and Development : Nashik has transformed from a small pilgrimage town to a modern mid-sized city in the last two decades or so. The growth of industries brought about a major growth in population resulting into expansion of the footprint of the city into the hinterland and resulted into growth of suburbs along the periphery of the city. The natural benefits of geography and climate and abundant availability of water catalyzed this growth. The retail revolution in India also left an impact on Nashik with multiple medium and large sized retail malls opening up in the city after the year 2002. Stand-alone branded apparel stores and food chains followed the trend and have opened up outlets to cater to the growing urban population. Some of the other statistics are given below:
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