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Maharashtra CM woos investors to put Mumbai among world’s top 5 finance hubs

Maharashtra CM woos investors to put Mumbai among world’s top 5 finance hubs
PTI
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First Published: Tue, Jun 26 2007. 05 41 PM IST
Updated: Tue, Jun 26 2007. 05 41 PM IST
New York: Aiming to develop Maharshtra as Asia’s most competitive manufacturing and services hub with Mumbai positioning itself amongst the worlds top 5 financial centers, Chief minister Vilasrao Deshmukh invited investors in the US to put their money in a range of sectors from manufacturing to IT in the state.
Addressing the Maharashtra Investment Forum organized in collaboration with Institutional Investor which publishes financial magazines and news letters, Deshmukh said Maharashtra had a huge and efficient skilled force which could help produce high quality products and services at a competitive cost.
Agreeing that lack of infrastructure was hampering the growth of India, he said the government was undertaking a major effort to resolve the issues by upgrading existing airports and ports and establishing new ones, making heavy investment in power sectors and undertaking road building at a fast pace.
“Our aim is to ensure that our industrial and services sectors attain a growth rate of at least 10 to 12 per cent respectively and create employment opportunities for additional 20 million people by 2010.
“I cordially invite you all to explore the diverse possibilities offered by our multi faceted State and be an active participant in this development journey,” he said.
The fact that major players in automobile, pharmaceutical, biotechnology and IT industries preferred Maharashtra for establishing their units itself proved its attractiveness to investors across the board, he said.
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First Published: Tue, Jun 26 2007. 05 41 PM IST