Founder of the Mahindra group, Anand Mahindra addressed the Magnetic Maharashtra Global Summit being held in Bandra with a warning that the crumbling infrastructure of Maharashtra and capital city Mumbai has the potential to drive away investors. While addressing participants at the event, he stated that if Mumbai which is regarded as the nation’s “crown jewel” continues to falter due to a basic problem like infrastructure it could lead to several problems, a sentiment that was echoed by Ratan Tata, the scion of Tata group. These comments were in direct contrast with the praises that were showered on state chief minister Devendra Fadnavis by other local and global leaders present at the event.
Ratan Tata also chose the event and the presence of PM Modi to voice his concerns about the infrastructure problems of Mumbai and stated that the fast economic growth envisaged by Maharashtra’s government would not be possible if the ground realities of its capital city were far from expectations. Mahindra said that as Mumbai is among India’s most robust cities and regarded as a gateway to other cities of Maharashtra, but if its current infrastructure would persist then it would be difficult to attract investors.
Ratan Tata said that though there has been a positive change since BJP government has taken over the state’s activities; a lot has to be done to bring the city to international standards. While lauding the state government bodies for their work in improving transportation and communication facilities across the state he stated that it has not been able to keep pace with the rapid expansion of its industrial and agriculture sector. Both industry stalwarts stated that Mumbai as a showcase of India’s vision of the future requires a lot of improvement in terms of infrastructure. The meeting was attended by stalwarts like Adi Godrej, Richard Branson, Deepak Parekh, Mukesh Ambani, Anil Agarwal, Baba Kalyani, Sajjan Jindal and industry ministers.