Make in India: Transparent proposals to bring investment in Mumbai

Clear, transparent, and bankable proposals can ensure foreign investment in Mumbai, says Maharashtra CM Fadnavis

geetanjali

Geetanjali Minhas | February 16, 2016 | Mumbai


#make in india   #make in mumbai   #devendra fadnavis  
Maharashtra CM Devendra Fadnavis
Maharashtra CM Devendra Fadnavis

 An International Financial Services Centre (IFSC) will soon be established at the Bandra Kurla Complex in Mumbai, announced Maharashtra chief minister Devendra Fadnavis. The land for developing IFSC has been finalised. Though the planning process for establishing the IFSC has not yet been formalised, the state has already received a proposal to book the first 20 floors of the IFSC building.

Addressing a packed house at ‘Make in Mumbai’ event, part of Make in India week, Fadnavis talked about upgrading transport infrastructure of the city , creating affordable housing schemes, and  transparent bureaucratic  processes, which will further generate jobs and accelerate the economy. He even urged for a massive campaign to be launched for the ‘Built in Mumbai’ concept to develop affordable housing. 

“Infrastructure will not only create an ecosystem for generating more jobs and a good life but will also add to ‘Make in Mumbai’ initiative. All citizen services like - municipal waste management, transport systems, sewerage, water treatment, etc., will create business opportunities,” he said. 
 
Speaking about the comprehensive mobility plan for the entire Mumbai metropolitan region, Fadnavis  said that the plan providing a combination of integrated and seamless infrastructure of roads, bridges, and transport modes like buses, railways, metros  and mono rails would require funds of around Rs 4 lakh crore.
 
“A single mobility project will generate many jobs as we will create an ecosystem for manufacturing the components indigenously,” he added.
He highlighted that many foreign companies want to invest in India. But they want clear, transparent, and bankable proposals for that. If Mumbai can offer that, then an investment of Rs 4-5 lakh crore will come easily. He further said that many Chinese companies are not only keen to invest but are also interested in working here. 
 
The Trans Harbour Link  which was a mere dream for last 15-20 years will now soon become a reality as the government has got all the clearances necessary in past six months . “JICA (Japan International Cooperation Agency) has agreed to finance Rs 15,000 crore out of Rs 18,000 crore needed,” said Fadnavis.
 
Swadheen Kshatriya, chief secretary, Maharashtra said that work on the Navi Mumbai International Airport will begin soon, and assured that the first flight from the airport will take off in 2019. “The project report on Trans Harbour Link will be ready within 3-4 weeks and tendering process will commence in next 2-3 months,” he added.
 

Comments

 

Other News

Five years after Nirbhaya, have things changed?

Far away in the other world, she must be weeping seeing the flames of fire she lit for justice slowly fading. On December 16, 2012, the 23-year-old Delhi woman, better known as Nirbhaya now, was brutally raped. She eventually succumbed to her injuries, but not before triggering a storm acorss the count

Income inequality has rapidly increased: Report

The rise in income inequality has been gradual in India, said the World Inequality Report which noted that at the global level, inequality has risen sharply since 1980, despite strong growth in China. The report said that inequality within world regions varies greatly. In 2016, the share of

BHEL launches coal-fired power project in Indonesia

 BHEL has successfully commissioned a 54 mega watt coal-fired captive power project in Indonesia. The project located at East Kalimantan in Indonesia has been set up by BHEL for PT Citra Kusuma Perdana (PT CKP) for its coal-mining operations.   For the project, B

Five years after Nirbhaya: A lot needs to be done

Have things changed five years after the Nirbhaya incident? I see Delhi as the capital of protest, not just capital of rape as it is often painted. In terms of legislation, in 2013 one-stop-centres were set up after the landmark report of Justice Verma Committee and Justice Usha Meh

Winter session will be productive: Modi

The winter session of parliament is starting and I am confident that it will be productive session, said prime minister Narendra Modi on Friday. He hoped that there is “constructive debate and we come up with innovative solutions to our nation`s problems”. Speaking

Know more about Project 75

When prime minister Narendra Modi dedicated Kalvari submarine to the nation, it was significant for more than one reason. Not only did the submarine enhance India’s capability as a blue water navy, it also highlighted Project 75 that focused on a major exercise to build six submarines.



Video

Govt. approves draft legislation to ban triple talaq

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter