NITI Aayog team presents master plan for Mumbai’s financial development

According to the chief minister’s office, a similar plan is being prepared for Mumbai, Surat, Vishakhapattanam and Varanasi as well.

According to the presentation, the present GDP of the MMR is $140 billion, which is bigger than that of Portugal, Columbia, Saudi Arabia, Malaysia, Israel and Chile. “The population of Mumbai Metropolitan will be around 2.70 crore by 2030 and it has been growing by around 5 to 5.5 per cent for the past five years. It needs and investment of around $150 billion to increase the GDP, “ the presentation noted.

Maharashtra’s contribution to the country’s GDP is the highest at around 13 per cent. The presentation added that the inclusive economic development of MMR matters more than the focus on improving infrastructure facilities. “The Niti Aayog will present a plan in the next four months for which a dedicated team needs to be prepared by the state government by appointing a nodal officer,” it said, adding that other cities, too, are developed along with Mumbai.

According to the presentation, for the economic development, focus will be on employment, infrastructure as well as adequate use of land and financial policy. It also pointed out that role of MMRDA in supply of finances, setting up of infrastructure such as power, road will also be vital.

Shinde said that the land at Bombay Port Trust will also be used for Mumbai’s development for which coordination with the Centre will be maintained.