Maharashtra Budget 2025: Finance Minister Ajit Pawar has presented the budget resolution of Maharashtra. In this budget, the Finance Minister has made huge provisions for Mumbai.
Finance Minister Ajit Pawar has presented the Maharashtra budget. The Finance Minister has made huge provisions for Mumbai in this budget. The state government has taken an ambitious decision to develop the Mumbai Metropolitan Region (MMR) as an international level economic development center, i.e. a “growth hub”, Deputy Chief Minister Ajit Pawar has announced.
Under this, international standard business centers will be set up at seven major locations in and around Mumbai, which will give a big boost to the economic progress of the city.
Trade centers to be set up in seven locations
Seven trade hubs are to be set up in the Mumbai Metropolitan Region – Bandra-Kurla Complex (BKC), Kurla-Worli, Wadala, Goregaon, Navi Mumbai, Kharghar and Virar-Boisar. These hubs will provide a comprehensive platform for international companies, startups and industries and will provide a major boost to economic activities.
Mumbai’s economy will gain momentum
This project aims to grow the economy of the Mumbai Metropolitan Region from the current $140 billion to $300 billion by 2030 and a whopping $1.5 trillion by 2047. These business hubs will not only help local industries but also attract international investors.
Economic development will gain momentum.
These business centers will greatly increase employment generation in Mumbai and the surrounding area.
Startups and small and medium enterprises (SMEs) will benefit greatly, as they will have the opportunity to trade with global companies. There will be a major development in transportation and infrastructure, which will accelerate the overall economic and social development of the metropolitan region.
The government’s ambitious plans
The state government has decided to develop these centers, recognizing the growing commercial importance of the Mumbai Metropolitan Region. This will further strengthen the economic stronghold of Maharashtra, and Mumbai will be known as the ‘International Financial Capital’ of the future. These projects will make the Mumbai Metropolitan Region a mark on the international business map, and will give a new dimension to the economic progress of Maharashtra.
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