The Maharashtra government has decided to invest $60 billion (Rs 3 lakh crore) over the next 20 years to build infrastructure and modernise India's overcrowded financial capital.
The investment will be part-funded through public-private partnerships and 60% of the amount of the investment of $60 billion will be raised through government agencies.
This investment will boost the city's housing, transport, power and tourism industries.
The investment will also intend for holistic development of the entire Mumbai region.
The latest census data released by the government of India this year, the population of Mumbai is more than 12 million.
India is one of the world's most densely populated cities.
Mumbai routinely suffers from congestion on roads and airports, power cuts and water shortages.
The Maharashtra state has already lined up funds worth Rs 43,000 crore for the first phase of the project till 2016, and part of it will be used to improve the city's rail transport system.
The Maharashtra government has attracted investment from 40 global corporates out of which eight agreements have already been signed and thirty two more are in the pipeline.
Follow us: www.facebook.com/karvywealth
The investment will be part-funded through public-private partnerships and 60% of the amount of the investment of $60 billion will be raised through government agencies.
This investment will boost the city's housing, transport, power and tourism industries.
The investment will also intend for holistic development of the entire Mumbai region.
The latest census data released by the government of India this year, the population of Mumbai is more than 12 million.
India is one of the world's most densely populated cities.
Mumbai routinely suffers from congestion on roads and airports, power cuts and water shortages.
The Maharashtra state has already lined up funds worth Rs 43,000 crore for the first phase of the project till 2016, and part of it will be used to improve the city's rail transport system.
The Maharashtra government has attracted investment from 40 global corporates out of which eight agreements have already been signed and thirty two more are in the pipeline.
Follow us: www.facebook.com/karvywealth
No comments:
Post a Comment