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Key Points

Maharashtra CM Devendra Fadnavis announced 'Third Mumbai' as a major economic hub with cutting-edge research facilities. The project will include an international university, medical college, and AI-driven innovation centers. Improved infrastructure like the Coastal Road and Atal Setu will ensure seamless connectivity. Fadnavis urged private investors to collaborate with the government for faster approvals and development.

Key Points: Fadnavis Unveils Third Mumbai as Economic Growth Catalyst

  • Third Mumbai to feature AI and quantum computing research hubs
  • International university and medical college planned
  • Enhanced connectivity via Coastal Road and Atal Setu
  • Public-private partnerships key to rapid development
2 min read

'Third Mumbai' will open a new chapter of economic development: Maha CM

Maharashtra CM Devendra Fadnavis announces 'Third Mumbai' with AI research, quantum computing, and enhanced connectivity to boost investment.

"‘Third Mumbai’ will do the work of further boosting the development of Mumbai. – Devendra Fadnavis"

Mumbai, Aug 18

Chief Minister Devendra Fadnavis on Monday said that a ‘Third Mumbai’ being developed in Raigad district will be a new chapter of economic development.

The Chief Minister further stated that the state government is committed to development and it is working to create a 'Third Mumbai' in partnership with the private sector. An international university centre is being set up in 'Third Mumbai'.

“A medical college will also be set up, and an innovation hub will be set up here. It will have all the research facilities. There will also be facilities for research in the field of quantum computing. There will be AI-based systems and research. 'Third Mumbai' will have good connectivity with the existing Mumbai. In addition to Coastal Road and Atal Setu, there will be a Worli-Shivadi link road, which is currently under construction. ‘Third Mumbai’ will do the work of further boosting the development of Mumbai. Private investors should take the initiative to invest in the development of this sector. Good development can only happen through private and government partnership. The work of granting all the necessary approvals to investors coming here will be completed quickly at the government level,” said the Chief Minister.

The Chief Minister said that Maharashtra is an investment-friendly state. Work is currently underway for Ease of Doing Business. “We are working to ensure that there are no problems with investment. If any problem arises, it is being resolved promptly, he added.

He appealed to investors to contribute to the development of the 'Third Mumbai'.

Stating that the opening of a private bank office is very important for the economic progress of Mumbai and Maharashtra, Fadnavis said it is a matter of pride for the state. This confirms the skilled manpower, strong markets and investment-friendly environment in Maharashtra. This event underlines Maharashtra's leadership in the economic sector, he noted.

- IANS

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Reader Comments

P
Priya S
Sounds promising but I'll believe it when I see it. Remember the Navi Mumbai airport that took decades? Hope this doesn't remain just on paper. The innovation hub is exciting though!
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Arjun K
Great initiative! But what about the environmental impact assessment? Raigad has beautiful coastal areas and forests. Development shouldn't come at nature's cost. Need balanced planning.
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Sarah B
As an expat working in Mumbai, this could really boost India's tech ecosystem. Quantum computing and AI research facilities will attract global talent. Hope the execution matches the vision!
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Kavya N
What about affordable housing? Every new development becomes playground for builders to make luxury flats. Where will common Mumbaikars live? Need policy for middle-class housing.
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Vikram M
The connectivity plans sound impressive! Coastal Road + Atal Setu + new link roads will be game changers. But please fix the existing infrastructure first - local trains need urgent upgrade!

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