The Maharashtra government has decided to invest $60 billion (Rs 3,00,000 crore) over the next 20 years to build infrastructure and modernise India's overcrowded financial capital. The investment, to be part-funded through public-private partnerships, is expected to boost the city's housing, transport, power and tourism industries, among others, said Ratnakar Gaikwad, chief secretary of Maharashtra.
“The investment is intended for holistic development of the entire Mumbai region, including the hinterland,“ he said on sidelines of a conference. According to the latest census data released by the government, the population of Mumbai is more than 12,000,000. Due to lack of space, it is also one of the world's most densely populated cities, estimated to have 20,482 people per square kilometre.
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