Pushing for Mumbai as an international finance centre, Chief Minister Devendra Fadnavis said that he has instructed the Mumbai Metropolitan Region Development Authority (MMRDA) to develop a plot in the Bandra Kurla Complex (BKC) with required infrastructure for financial services companies.
Besides asking the Mumbai Metropolitan Region Development Authority (MMRDA) to develop an “iconic building” in the business district for financial services companies, the government is also planning to constitute a panel of industrial experts. Fadnavis said he has had a meeting with Deutsche Bank Co-Chief executive Anshu Jain to head the panel, which will consult the government on how best to position Mumbai as a global financial centre.
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“I had also requested Reserve Bank of India (RBI) governor Raghuram Rajan to consult the state on this. However, RBI being a regulatory authority, Rajan said he will not be able to be part of the panel, but assured that the central bank will lend its support wherever possible,” the Chief Minister said.
Fadnavis was replying in the state legislative council to a concern by senior Congress leader Manikrao Thakre about the Union government taking away Mumbai’s dreams of becoming an international finance Centre to Gujarat’s upcoming GIFT City.
“It is a competition among states to develop these finance centres. The Union government has little to do with it. Hyderabad is also gunning for a tag of a global finance centre, so is Gujarat. The state government will make all efforts possible to be ahead in this competition by creating the requisite infrastructure,” Fadnavis said.