Author: Export-Import Bank of India
Place: Mumbai
Publisher: Quest Publication
Year: 2000
Pages: 113
Subject: Bombay/ Mumbai
Sub-Subject: Bombay
Keyword: International Financial Centre, Financial Capital, Financial Hub, Economic Transformation
Shelf: C9R2
Accession No: B1584
Contents: Preface Executive Summary 1- Introduction 2- Models of Development of Financial Centres 3- The Future of Financial Centres 4- Financial Centre: Mumbai’s Competitors 5- Advantages India 6- Why Mumbai as a Financial Centre 7- Attract Key Financial Services Providers to RFC Mumbai 8- Develop Domestic Markets 9- Evolution of RFC Mumbai Bibliography Annexures 1- Advantages Mumbai 2- Infrastructure and Urban Development 3- Comprehansive Transport 4- Mumbai as an OFC 5- Financial Sector Reforms in Singapore
Abstract: This paper examines Mumbai’s potential to become a leading international financial centre. It reviews models of financial centres and global trends, analyzes Mumbai’s competitors, and highlights India’s comparative advantages. The study outlines strategies to attract key financial service providers, develop domestic markets, and build a Robust Financial Centre (RFC) in Mumbai. It also assesses supporting factors such as infrastructure, urban development, transport connectivity, and the city’s offshore financial centre prospects. Lessons from Singapore’s financial sector reforms are considered. The paper concludes with actionable recommendations to strengthen Mumbai’s global competitiveness and establish it as a premier financial hub.