Mumbai to be developed as a global financial centre: Devendra Fadnavis

Mumbai: 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 would 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 would 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 580 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 elevated connector will help motorists coming from Eastern suburbs to reach BKC in short time.