Plan to make Raigad a commercial hub to ease Mumbai’s space woes | india | Hindustan Times
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Plan to make Raigad a commercial hub to ease Mumbai’s space woes

The state government plans to make the neighbouring Raigad district an industrial and commercial hub to decongest Mumbai’s business areas, said state Finance Minister Sunil Tatkare.

india Updated: Jun 17, 2010 03:05 IST
HT Correspondent

The state government plans to make the neighbouring Raigad district an industrial and commercial hub to decongest Mumbai’s business areas, said state Finance Minister Sunil Tatkare.

As the prices of commercial space in Mumbai are rising and the availability of land is limited, the government plans to provide more commercial space, by developing several areas in the neighbouring Raigad district, Tatkare said at the Hindustan Times Mumbai First Conclave 2010 on Tuesday.

Participating in a discussion on ‘Whether Mumbai will remain India’s financial hub,’ Tatkare said it was not easy to create infrastructure in the city.

However, decongesting the city’s business areas was a solution that was being tried.

“There is no quick-fix solution because Mumbai being an island city, the availability of land is limited,” he said.

The government is developing a large part of the Raigad district as a commercial and service sector hub, which will be linked with good roads.

The Sion-Panvel highway will be widened and the proposed Sewri-Nhava sea link will make it easier and faster to travel to Raigad district, Tatkare said.

Prominent among the emerging areas in the district are Khopoli, Pen, Karjat and Alibaug.

Tatkare said he was sure that the measures will provide more availability of commercial space around Mumbai that will be connected to the city with faster transportation.

Expressing confidence that Mumbai will remain as the nation’s financial hub, Tatkare said the government had

already taken up infrastructure projects worth Rs 45,000 crore in the city.

The role of the state government was to provide basic infrastructure and to act as a facilitator rather than creating roadblocks, he said.