PM Modi states, “My goal is to make Mumbai the global capital of fintech,” as he announces infrastructure projects worth Rs 29,000 crore.

According to a study by the RBI, eight crore new jobs have been made accessible in the nation in the previous three to four years, according to Prime Minister Narendra Modi. Speaking at a ceremony in the suburban area of Goregaon, Mumbai, Modi had just launched and laid the cornerstone for Rs 29,000 crore of projects in the city’s port, railway, and road sectors. “A comprehensive report on employment was just released by RBI.
Approximately eight crore new jobs were generated in the last three to four years, according to the research. “Those promoting false narratives about jobs have been silenced by this figure,” Modi stated.

“Skill development and employment are needed in the country and our government is working in this direction,” he stated. According to him, the impending infrastructure developments in and around Mumbai would improve the city’s connection with neighbouring territories.
“Small and big investors have welcomed our government’s third term with enthusiasm,” he stated. “My aim is to make Maharashtra the world’s big financial powerhouse and to make Mumbai a global fintech capital,” he stated.
Speaking at the opening ceremony held at the NESCO Exhibition Centre in Goregaon, Prime Minister Modi stated, “Eight crore new jobs created in India in last 3 to 4 years; this figure has silenced those spreading fake narrative on jobs.”

“My aim is to make Maharashtra the biggest economic powerhouse in the world,” he said, demonstrating his faith in the state’s economic potential. He emphasised how both big and small investors reacted well to the government’s expanded mission.
“People are aware that the NDA government is capable of providing stability and longevity,” Prime Minister Modi underscored, restating his dedication to rapid growth. “Maharashtra has a glorious history, Maharashtra has a strong present, and Maharashtra has dreams of a prosperous future,” he said, outlining ambitious goals for the state. One state that is crucial to the development of an advanced India is Maharashtra. The industries, agricultural, and financial sectors are all strong points in Maharashtra’s favour. Mumbai has become the nation’s financial centre thanks to its strength. Currently, I want to leverage Maharashtra’s strength to turn the state into the global economic superpower.”

In highlighting Maharashtra’s importance in India’s growth path, PM Modi stated, “Maharashtra has the power of industry, agriculture, and the finance sector.” He underlined the state’s crucial position as the nation’s financial hub, highlighting Mumbai in particular.
“These initiatives will contribute to enhancing Mumbai’s and its surrounding territories’ connectivity. PM Modi continued, “These initiatives will also aid in the creation of job possibilities.
Additionally, PM Narendra Modi opened the Mumbai-based Indian Newspaper Society secretariat, INS Towers.
After inaugurating the INS Towers in Mumbai, Prime Minister Modi stated, “In a very short time, we are going to see India become the third largest economy.”

The projected Rs 6,300 crore Goregaon-Mulund Link Road (GMLR) project lies at the heart of the infrastructural expansion. The goal of this project is to reduce the 75-minute travel time between Goregaon and Mulund to just 25 minutes by building two 4.7-kilometer tunnels. Modern amenities like CCTV surveillance, ventilation systems, and sophisticated lighting will be incorporated into these tunnels to ensure that there is no negative environmental effect.
With direct access to the future Navi Mumbai airport and the Pune-Mumbai Motorway, the GMLR project is expected to improve connectivity between Mumbai’s Eastern and Western Express Highways. It is anticipated to lower carbon emissions by around 22,400 tonnes per year, improving the city’s air quality.

Apart from the GMLR, PM Modi also officially opened the Thane-Borivali railway line and significant port improvements. The Mumbai Metropolitan Region (MMR) is expected to see economic growth, sustainable urban mobility, and reduced traffic congestion as a result of these improvements.
PM Modi’s large-scale infrastructure initiatives are a part of his continuous attempts to upgrade Mumbai’s transit system and strengthen its standing as a major international centre for technology and finance. With a length of 12.20 km divided into four sections, the Goregaon-Mulund Link Road (GMLR) project is a major investment in improving regional connectivity and cutting down on travel time inside Mumbai.

The project’s execution highlights a dedication to environmental sustainability by utilising cutting-edge technical techniques to minimise harm to nearby ecosystems.
The government’s proactive approach to infrastructure development, which aims to boost economic activity, draw investments, and enhance the quality of life for citizens in one of India’s most vibrant metropolitan centres, is highlighted by PM Modi’s visit to Mumbai.


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