(Global Trade Review)
The Indian government is to seek international finance for its plans to turn Mumbai into a global trade and financial services hub.
Narendra Modi’s administration’s ambitious rhetoric on trade continued this week, when the chief minister for the Maharashtra region announced the fast-tracking of major infrastructure projects in Mumbai. Already, Fadnavis has approved 25 large projects in just two months, including the development of a new smart city in Kalyan and a logistical hub in the northeast of the area.
Devendra Fadnavis also outlined plans to turn Mumbai – the country’s largest metropolitan area – into a global hub for trade and financial services. The government plans massive infrastructure investment and will shortly be attracting bids for the Mumbai Trans Harbour Link and a coastal road project connecting disparate parts of the city, with the overarching aim of making the area a prime destination for foreign direct investment. Click here to read more.