Maharashtra to invest US$60 billion in Mumbai

Maharashtra to invest US$60 billion in Mumbai

The Maharashtra government has decided to invest US$60 billion over the next 20 years to build infrastructure and modernise India’s commercial capital Mumbai, reported money control.com. The investment, to be part-funded through public-private partnerships, is expected to boost the city’s housing, transport, power and tourism industries, among others, said Ratnakar Gaikwad, Chief Secretary of Maharashtra. “The investment is intended for holistic development of the entire Mumbai region, including the hinterland,” he said on the sidelines of a conference organised by the India Economic Summit. Mumbai is a major gateway city for tourism in India.

Gary Marshall
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