The Maharashtra Economic Development Council (MEDC) is a private research organisation based in Nariman Point, Mumbai. It was established in 1957 with the participation of prominent chambers of commerce, businesses, and industry associations from Maharashtra to “facilitate rapid and balanced economic development of Maharashtra”. The Council acts as an economic think-tank for business & industry as also for the Government of Maharashtra. It is an apolitical and autonomous organisation working proactively with the State Government, business and industry, professionals, bankers and economists on issues relating to development of the state.