In a significant move to make the Mumbai Metropolitan Region (MMR) a major economic force on a global scale, the Maharashtra government has formed a nine-member Project Management Unit (PMU) to carry out NITI Aayog’s plan to increase the region’s GDP from its current USD 140 billion to USD 300 billion by 2030.
Top representatives from the transport, planning, and urban development sectors will be part of the PMU, which will be headed by the Housing Department’s Additional Chief Secretary. The Mumbai Metropolitan Commissioner, the chairman of the Mumbai Port Trust, the CEO of the Slum Rehabilitation Authority, and officials from the Institute for Sustainability, Employment, and Growth and the Konkan Division are other important participants.
The PMU will oversee the implementation of NITI Aayog’s recommendations, assist regulatory and coordination bodies propelling MMR’s expansion, and counsel the Mumbai Metropolitan Region Development Authority (MMRDA) on addressing significant obstacles, per the government resolution issued by Planning Department Joint Secretary Charushila Chaudhari.
This decision was announced on the same day that NITI Aayog CEO BVR Subrahmanyam met with Chief Minister Devendra Fadnavis in Mumbai to discuss the ambitious growth plan.
A bold vision for MMR’s future is laid out in the report by NITI Aayog, which was presented last year. It focusses on making Mumbai a global leader in business and finance services, building livable and well-planned communities, building themed tourism hubs in Gorai, Madh and Alibag, creating a master plan for the 300 km of coastline, investing in green infrastructure and providing top-notch urban transport.
The state administration has already established a high-level committee under the direction of the chief secretary to expedite these ambitious targets. In the next five years, Maharashtra hopes to make MMR one of the most important economic centers in the world through strategic investments, intelligent planning, and infrastructure improvements.
Residents and companies can anticipate better urban living, more robust economic possibilities, and top-notch infrastructure as the project picks up steam, bringing Mumbai one step closer to realising its goal of being a genuinely global metropolis.
Source: ET Infra
