Maharashtra planning to make Mumbai intl fin centre: CM

Posted By: Pti
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Mumbai, Jan 24 (PTI) Maharashtra Government is workingwith the Central Government to bring about legal andregulatory changes to make Mumbai an international financialcentre, the state''s Chief Minister said here today.

"Mumbai ranks among the world�s ten leading financialcentres. However, it is not an international financial centrein any way comparable to London, New York, Singapore or Dubai.

We are working with the Central Government to bring aboutextensive legal and regulatory changes that would make thispossible," Chief Minister Prithviraj Chavan said at aCII-organised event here today.

Mumbai being a cosmopolitan city of India, was facingthe challenge of increasing urbanisation and influx of a largenumber of people from the hinterland, he said.

"This is a huge challenge not only for theinfrastructure but also for our plans to make Mumbai aninternational financial centre. The multi-billion dollar"Mumbai Makeover" plan of the State Government presentstremendous opportunities for partnerships with privatecompanies from both Indian as well as overseas, over the nextfew years," he said.

There is scope for partnerships in planning, investingand executing large and innovative projects in sectors likeurban transport, housing, water supply, sewage disposal andenergy, he added.

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