News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 9 years ago
Rediff.com  » Business » Mumbai to be developed as a global financial hub: Fadnavis

Mumbai to be developed as a global financial hub: Fadnavis

Source: PTI
April 19, 2015 22:26 IST
Get Rediff News in your Inbox:

Maharashtra Chief Minister Devendra Fadnavis on Sunday said his government was committed to develop Mumbai as an international financial centre and strive to provide investors with the best financial services.

Fadnavis said his government will create conducive environment for fund managers in Mumbai to attract them to the metropolis and invest heavily.

"Mumbai has the capacity to be an international financial centre and also to fulfil the capability. Tax on financial transactions done by fund managers would be waived off. This provision has been made in the state budget," Fadnavis said.

Similarly, he said the government will easily facilitate MoUs in Mumbai by streamlining various taxes, so that the state exchequer will also get revenue.

"We need to build two iconic buildings in the Bandra Kurla complex (BKC) for attracting investors across the globe. We will take every effort to make Mumbai a global financial centre," he said.

Earlier, Fadnavis inaugurated the northbound stretch of the Kherwadi flyover.

The 80 m-long north arm of the flyover was completed in less than six months.

He also performed bhoomi-pujan of the 1.6 km elevated BKC-Chunabhatti connector project. Once completed this Rs 200 crore (Rs 2 billion) elevated connector will help motorists coming from Eastern suburbs to reach BKC in short time.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!