A ‘Third Mumbai’ city in district Raigad of Maharashtra is set to be developed as a hub of education, research, and quantum computing, with seamless connectivity with Mumbai, said Maharashtra Chief Minister, Devendra Fadnavis.
Speaking at the inauguration of the expanded office of global investment banking giant, Goldman Sachs, in Mumbai’s Worli on Monday, Fadnavis said it marked a “new chapter in the state’s economic growth”.
"The opening of Goldman Sachs' new facility is a matter of pride for the state. It reaffirms Maharashtra's skilled workforce, robust markets, and investor-friendly environment. This also underlines the state's leadership in the financial sector," said the CM during discussions with investors, where he invited private investors to take part in public-private partnerships to help the state grow.
The state government’s decision to boost development in the Mumbai Metropolitan Region (MMR) will be a shot in the arm for Maharashtra’s investor-friendliness, Fadnavis said.
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"Our government is committed to development, and is working with the private sector to build 'Third Mumbai'. The new city will host centres of international universities and will play a crucial role in the economic growth of both Mumbai and Maharashtra. The project will include medical colleges, innovation hubs, and research facilities," he informed, adding that research in areas like quantum computing and AI-based systems will be a key feature.
With “seamless connectivity” between Mumbai and ‘Third Mumbai’ via infrastructure projects like the Coastal Road, Atal Setu and the ongoing Worli-Sewri Link Road, the state will ensure no obstacles come in the way of investors, the CM promised.
"Good development happens through public-private partnerships. All necessary clearances for incoming investors will be fast-tracked at the government level. Maharashtra is an investor-friendly state. We are continuously improving our ease-of-doing-business rankings. If any issues arise, they are resolved promptly,” he said.
Meanwhile, Kevin Sneader, president of Goldman Sachs, said opportunities in the Indian market are of great significance to the firm.
The New York-based firm’s India CEO, Sanjay Chatterjee, said the new office marks a milestone in the company's journey in India, adding that the design of the new space focuses on “collaboration, innovation, and employee well-being”.
Goldman Sachs first began its services in India in the 1980s, and established full ownership presence in Mumbai in 2006. It currently offers investment banking, equity sales and trading, fixed income securities, asset management, and research services.
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