Mumbai:
The upcoming international finance centre has got a boost with the Mumbai Metropolitan Region Development Authority (MMRDA) setting aside a 20-acre plot for the project in Bandra-Kurla Complex. Such a centre is a commercial hub tAhat houses nationally or globally significant financial service providers like banks and stock exchanges, for instance. Approval for the international finance centre at BKC was given on Wednesday at the Authority's meeting chaired by chief minister Devendra Fadnavis. The land has been demarcated in the G-Block.
Once the Union finance ministry gives the state a goahead, guidelines applicable will be those issued by Reserve Bank Of India and Securities and Exchange Board of India for Gujarat International Finance Tec-Cityor GIFT City ,a imilar global finance hub in Ahmedabad.
A spokesperson for MMRDA said, “The Authority has also approved Rs95.57 crore expenditure in order to afford smart status to the complex by making it Wi-Fi enabled with additional features ike smart parking, integrated building monitoring system, command and control centre, energy-efficient street lights, bus service etc.“
The Authority has also approved development of Kalyan Growth Centre at an estimated expenditure of Rs1,089 crore.This growth centre will be well connected by road and rail outes and will create job opportunities outside Mumbai and contribute to balanced development of the metropolitan egion. The region has also received the nod from the Au hority to the road development work estimated at Rs.60.61 crore in areas such as Palghar, Kalyan, Ambarnath, Karjat and Kulgaon-Badlapur.
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