The Mumbai Metropolitan Region (MMR) into a major economic powerhouse, aiming to elevate its Gross Domestic Product (GDP) to Rs 26 lakh crore ($300 billion) by 2030. This ambitious target hinges on significant investments, strategic development, and enhanced connectivity across the region.
The report highlights that realising this GDP goal requires attracting between Rs 10-11 lakh crore in private sector investments. To this end, it recommends several key focus areas. Central to the strategy is the establishment of Mumbai as a global services hub. Additionally, there is a strong emphasis on promoting affordable housing, transforming the MMR into a prominent global tourism destination, and integrating port development to foster an industrial and logistics hub.
The NITI Aayog study also underscores the necessity of well-planned urban development, inclusivity, and sustainability. The goal is to create world-class urban infrastructure that supports economic growth and enhances the quality of life for residents. Advancements in transport, communication, and connectivity infrastructure are deemed crucial for the region’s development. Improved transport networks and connectivity are expected to facilitate the movement of goods and people, thereby supporting business operations and attracting further investments.
In response, Chief Minister Eknath Shinde has outlined several initiatives aligned with the report’s recommendations. His government is focused on affordable housing projects, generating employment opportunities, and developing a data centre in Navi Mumbai. The ongoing Alibag multi-modal corridor project is expected to enhance regional connectivity. Moreover, recent investments worth Rs 80,000 crore have been approved, and efforts are underway to develop Maharashtra’s 720km coastline for tourism. These measures reflect a concerted effort to propel the MMR towards its economic goals, leveraging both infrastructure development and strategic investments to drive growth.
