$60 bn plan for Mumbai makeover: Deshmukh

Maharashtra government has drawn up a $60-billion-action plan for makeover of Mumbai as a global financial hub.

MUMBAI: Maharashtra government has drawn up an ambitious $60 billion (Rs 2.25 lakh crore) action plan for makeover of Mumbai, aimed to convert India's commercial capital into a global financial hub.

"Our government is serious on transforming Mumbai into a global financial centre and the plan is aimed at transforming the Mumbai Metropolitan Region (MMR) into a modern urban centre", he said in an interview to media here today on the eve of his Democratic Front government completing three years.

"Call it the 2020 vision if you like. The Rs 2.25 lakh crore-plan would be implemented during the next 10 years", he said.

Areas adjoining Mumbai, like Thane, Navi Mumbai, Vasai-Virar and even part of Raigad district, are included in the MMR.

"Just developing Mumbai will not do. There need to be more townships in the adjoining regions. The objective is that people should not congest the city. People crowd Mumbai because they go to office or business here. If we provide the same facilities outside, they will not congest the city", he said.
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