About Mumbai

Mumbai as the Venue..

Mumbai enjoys the distinction of being the financial and commercial capital of India as it generates 6.16% of the total GDP, it is also one of the world's top 10 centres of commerce in terms of global financial flow.

A sizable part of the business of commercial and investment banks, exchanges, securities firms, private equity and other financial services operates from Mumbai as the base. The significance of Mumbai could be measured from the presence of premier institutions across all major constituents of the financial sector.

Many of India's numerous conglomerates (including State Bank of India, Life Insurance Corporation of India) and five of the Fortune Global 500 companies are based in Mumbai. Several foreign banks and financial institutions also have branches in this area.

In 2007, Ministry of Finance, the Government of India, constituted a High Powered Expert Committee to examine various aspects of making Mumbai an International Financial Centre. By 2025, it is estimated that Mumbai, with a population of 26.4 million, will be the second biggest urban agglomeration after Tokyo.

 

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