Industry
Thane is witnessing a gradual transition from being a Manufacturing Industrial hub to an economy driven by Services sector. The State government in general and MIDC in particular are also acting as a catalyst to boost this transition. The Wagle Estate MIDC is gradually becoming a major IT & ITES, services industry hub. The Ashar IT Park marks a key milestone towards achieving it.
Most of the global IT & ITES companies have started shifting focus and relocating to Thane on account of its cost efficiencies and highly skilled low attrition manpower. The IT parks are built using state-of-the-art technology, packed with all the ingredients comparable to any international IT park.
History
The earliest evidence of Thane appears in the works of the Greek geographer, Ptolemy, who, in his writings 135 - 150 AD refers to a place called Chersonesus, which, according to researches, is the area around Thane creek. The city crops up again in the Middle Ages and slabs and copper plates dating back to the period have been discovered in Thane. One of them, dug up from the foundations of Thane Fort in 1787, dated 1078 AD, is apparently a land grant from Arikesara Devaraja, sovereign of the city of Tagara, wherein he address the inhabitants of a city called Sri Sthanaka. Friar Jordanus, a great traveler, who visited the city between AD 1321 and 1324, describes it as being under a Muslim governor. He leaves a detailed sketch of early Christians in Thane and refers to the martyrdom of four Christian priests in the region, more than 200 years before the Portuguese ever set foot in India. The celebrated Ibn Batuta and Abul Feda, contemporaries of Friar Jordanus, also came here. They refer to Thane as Kukin Tana and speak of its fame as a port from which ships sailed to the gulf carrying a kind of cloth called 'Tanasi' which was produced in Thane. Duarte Barbosa, a noted traveler, described Thane by the name Tana Mayambu 25 years before the Portuguese conquest. He paints a vivid picture of the town as one of Moorish mosques and temples, with many pleasant gardens. The Portuguese came to Thane about 1530 and ruled for over 200 years till 1739. Thane was then known as Cacabe de Tana. Work on the Thane Fort began in 1730. The Marathas, who conquered Bassein and Thane in 1737 and 1739, held sway over the region till 1784, when the British captured the Fort and ruled Thane, then also called Tana. They made it the headquarters of the district administration with a district collector stationed in Thane.
The Thane Municipal Council was formed in 1863 when the city had a population of 9000 souls.