The Maharashtra government is working with the central government to bring about legal and regulatory changes to make Mumbai an international financial centre, Chief Minister Prithviraj Chavan said here today.
"Mumbai ranks among the world's 10 leading financial centres. However, it is not an international financial centre in any way comparable to London, New York, Singapore or Dubai. We are working with the central government to bring about extensive legal and regulatory changes that would make this possible," Chief Minister Prithviraj Chavan said at a CII-organised event here.
Mumbai being a cosmopolitan city of India, is facing the challenge of increasing urbanisation and influx of a large number of people from the hinterland, he said.
"This is a huge challenge not only for the infrastructure (sector) but also for our plans to make Mumbai an international financial centre. The multi-billion dollar "Mumbai Makeover" plan of the state government presents tremendous opportunities for partnerships with private companies from both Indian as well as overseas, over the next few years," he said.
There is scope for partnerships in planning, investing and executing large and innovative projects in sectors like urban transport, housing, water supply, sewage disposal and energy, he added.