Maharashtra govt sets up new entity ‘Mumbai Next: MMR Transformation’

Plans a day long Conference on February 6 with various stakeholders for speedier execution of projects

Maharashtra CM Devendra Fadnavis with CGM and OIC, NABARD, MRO, Pune U S Saha at State Credit Seminar in Mumbai on Friday. (Source: PTI)

The Maharashtra government on Friday announced its plans of setting up “Mumbai Next: MMR Transformation”. It would be an entity which would bring together various stakeholders together to chart a course for the transformation of Mumbai into a Financial, Commercial and Entertainment Hub. The new entity will start of by holding a day long conference. The challenges faced by infrastructure projects in the Mumbai Metropolitan Region and the steps that are required to ensure their quicker implementation will be discussed.

There have been various reports that have been commissioned on Mumbai, some of which peg the cities income generation potential at around USD 50 billion. The state claims that the new initiative is aimed at realizing this potential. The initiative has been set up along with Mumbai First which is a private organisation that promotes and supports policy for improving living conditions in Mumbai. It will also have the active involvement of all the government agencies which are concerned with the development of Mumbai.

“Our plan is to transform the Mumbai Metropolitan Region into a Global, Financial, Commercial and Entertainment hub,” Chief Minister Devendra Fadnavis said.

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The new entity will kick off its operations by holding on February 6 a conclave “’Transforming MMR into Global financial, commercial and entertainment hub”. The Conclave will be attended by various stakeholders as well as individuals like Reliance’s Mukesh Ambani, Tata Group chairman Cyrus Mistry, veteran actor Amitabh Bachchan along with other business and prominent personalities . Union minister of state for finance Jayant Sinha will also speak at the meet while the presence of Union Finance Minister Arun Jaitley is still unconfirmed.

The Chief Minster claimed that he was committed to ensuring swifter implementation of infrastructure projects in the MMR region. “I have already set up a cell in my office which monitors critical infrastructure projects,” Fadnavis added.

The CM claimed that holding of the conclave was important as it was necessary to discuss the impediments that infrastructure projects in the region were facing and what could be the possible ways of overcoming them. He further added that creation of infrastructure helped in fueling growth of regions. “We created one BKC and it fueled tremendous growth in the region. If we build several such places imagine the opportunities that it could bring,” he added.

He also claimed that the state would create a logistic park in Bhiwandi which will generate revenue to the tune of Rs 2,500 crore.

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