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Maharashtra's present economic importance originates from the trading role of Mumbai and a cotton-growing hinterland. The Mumbai-Pune complex is the major industrial area, with Mumbai producing about one-third of India's tax revenues. In the 1970s, decentralization initiatives led to the rapid growth of other centres such as Aurangabad.
Features of Maharashtra include cave temples of Ajanta, containing 200 BC7th century AD Buddhist murals and sculptures, and Ellora cave temples from 6th9th century with Buddhist, Hindu, and Jain sculptures.
Industries include cotton processing at Mumbai, Nagpur, and Solapur, oil refining at Vasai, electrical goods, agricultural machinery, chemicals, and plastics; manganese ore, coal, iron ore, bauxite, and copper ore. India's first nuclear power plant is at Tarapur, 112 km/70 mi north of Mumbai. Agriculture products include rice (on the coastal plain), cotton, millet and wheat on the Deccan, dairy farming, groundnuts, sugar, and fruit.
Blue stands for the night sky and for water as a source of life. White represents peace. Red indicates the life-force. Green recalls nature and fertility. Effective date: 11 October 1991.
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