The Ministry is headed by a cabinet level minister.

Uday Samant is current Minister of Industries since 21 December 2024.

Mumbai is also the financial, commercial,[2] and the entertainment capital of India.

It is also one of the world's top ten centres of commerce in terms of global financial flow,[3] generating 6.16% of India's GDP,[4] and accounting for 25% of industrial output, 70% of maritime trade in India (Mumbai Port Trust and JNPT),[5] and 70% of capital transactions to India's economy.

[6][7] The Maharashtra state houses important financial institutions and the corporate headquarters of numerous Indian companies and multinational corporations.