T N Ninan: Losing a city

Why have the Thackerays, who lord it over the city, watched passively as Mumbai has given way at the seams?

What do the read? Did they read the report last week which said that more flights now operate from Delhi’s than from Mumbai’s airport? It wasn’t so long ago when accounted for half of all flights in the country, so this is a big change. It is after all a global rule that any which becomes the becomes the centre of much other activity as well.

And did they read, a couple of weeks earlier, that Bengaluru now has about the same number of hotel rooms as (with having many more, of course)? They must have known for a long time that is a much bigger market for cars and two-wheelers, but do they know that is now the bigger retail market for both consumer durables and consumer softs? And do they realise that, when an international company decides to set up shop in India, and Bengaluru usually score over as the preferred location?

For the best part of a century, has prided itself as India’s commercial capital, but it is now more correct to call it the country’s financial capital. As the place where its stock markets, central bank, main commercial banks and other financial services institutions are located, has no challenger as a financial centre. But as a business capital, though still houses the Tatas, Birlas, Mahindras and Ambanis, it is clear that is upstaging Mumbai.

It isn’t hard to understand why. Greater (including Gurgaon and Noida) offers substantially cheaper office space of comparable quality, and lower living costs. It is quite simply an easier place to live in, and offers a better quality of life (public transport, choice of universities, golf courses, intellectual discourse). While there may be car thefts galore in Delhi, there is no organised gangland of the kind that lives with. Above all, there is no one in to protest against migrants coming to make the their home. Indeed, the has thrived on migrants — as have other cities. It is not an accident that Kannadigas are in a minority in Bengaluru, and perhaps Bengalis in Kolkata. Successful cities are magnets.

As the national capital, has some natural advantages — and, let’s face it, it has been a relatively pampered for decades (it shows!). But who is to account for the decline of what used to be the country’s premier metropolis? Not its good citizens, its hardworking millions, but its rulers — which is where the and others come in. The is an organisational mess (multiple authorities working at cross-purposes), a civic disaster, a transport nightmare, a housing impossibility, and a sprawling eyesore of slums.

None of it need be this way. When the textile mills shut down, had a once-and-never-to-return opportunity to re-invent itself, to make mid-town a modern, citizen-friendly living-cum-work-cum-recreation hub with homes and offices and parks of the kind that would have revitalised the city. That opportunity was lost as the surrendered to the builder-developer mafia (and made a killing too).

So why have the Thackerays, who lord it over the and declare who belongs and who doesn’t, watched passively as has given way at the seams, and focused on dividing people, setting off street violence? Do the really believe that will not lose jobs if banks and companies lose the freedom to hire whom they choose? There was a time when businesses fled Kolkata. Heaven forbid, but there could come a time when they decide to stay away from too.

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Business Standard
177 22
Business Standard

T N Ninan: Losing a city

Why have the Thackerays, who lord it over the city, watched passively as Mumbai has given way at the seams?

T N Ninan  |  New Delhi 

What do the read? Did they read the report last week which said that more flights now operate from Delhi’s than from Mumbai’s airport? It wasn’t so long ago when accounted for half of all flights in the country, so this is a big change. It is after all a global rule that any which becomes the becomes the centre of much other activity as well.

And did they read, a couple of weeks earlier, that Bengaluru now has about the same number of hotel rooms as (with having many more, of course)? They must have known for a long time that is a much bigger market for cars and two-wheelers, but do they know that is now the bigger retail market for both consumer durables and consumer softs? And do they realise that, when an international company decides to set up shop in India, and Bengaluru usually score over as the preferred location?

For the best part of a century, has prided itself as India’s commercial capital, but it is now more correct to call it the country’s financial capital. As the place where its stock markets, central bank, main commercial banks and other financial services institutions are located, has no challenger as a financial centre. But as a business capital, though still houses the Tatas, Birlas, Mahindras and Ambanis, it is clear that is upstaging Mumbai.

It isn’t hard to understand why. Greater (including Gurgaon and Noida) offers substantially cheaper office space of comparable quality, and lower living costs. It is quite simply an easier place to live in, and offers a better quality of life (public transport, choice of universities, golf courses, intellectual discourse). While there may be car thefts galore in Delhi, there is no organised gangland of the kind that lives with. Above all, there is no one in to protest against migrants coming to make the their home. Indeed, the has thrived on migrants — as have other cities. It is not an accident that Kannadigas are in a minority in Bengaluru, and perhaps Bengalis in Kolkata. Successful cities are magnets.

As the national capital, has some natural advantages — and, let’s face it, it has been a relatively pampered for decades (it shows!). But who is to account for the decline of what used to be the country’s premier metropolis? Not its good citizens, its hardworking millions, but its rulers — which is where the and others come in. The is an organisational mess (multiple authorities working at cross-purposes), a civic disaster, a transport nightmare, a housing impossibility, and a sprawling eyesore of slums.

None of it need be this way. When the textile mills shut down, had a once-and-never-to-return opportunity to re-invent itself, to make mid-town a modern, citizen-friendly living-cum-work-cum-recreation hub with homes and offices and parks of the kind that would have revitalised the city. That opportunity was lost as the surrendered to the builder-developer mafia (and made a killing too).

So why have the Thackerays, who lord it over the and declare who belongs and who doesn’t, watched passively as has given way at the seams, and focused on dividing people, setting off street violence? Do the really believe that will not lose jobs if banks and companies lose the freedom to hire whom they choose? There was a time when businesses fled Kolkata. Heaven forbid, but there could come a time when they decide to stay away from too.

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T N Ninan: Losing a city

Why have the Thackerays, who lord it over the city, watched passively as Mumbai has given way at the seams?

What do the Thackerays read? Did they read the report last week which said that more flights now operate from Delhi’s than from Mumbai’s airport? It wasn’t so long ago when Mumbai accounted for half of all flights in the country, so this is a big change. It is after all a global rule that any city which becomes the transport hub becomes the centre of much other activity as well.

What do the read? Did they read the report last week which said that more flights now operate from Delhi’s than from Mumbai’s airport? It wasn’t so long ago when accounted for half of all flights in the country, so this is a big change. It is after all a global rule that any which becomes the becomes the centre of much other activity as well.

And did they read, a couple of weeks earlier, that Bengaluru now has about the same number of hotel rooms as (with having many more, of course)? They must have known for a long time that is a much bigger market for cars and two-wheelers, but do they know that is now the bigger retail market for both consumer durables and consumer softs? And do they realise that, when an international company decides to set up shop in India, and Bengaluru usually score over as the preferred location?

For the best part of a century, has prided itself as India’s commercial capital, but it is now more correct to call it the country’s financial capital. As the place where its stock markets, central bank, main commercial banks and other financial services institutions are located, has no challenger as a financial centre. But as a business capital, though still houses the Tatas, Birlas, Mahindras and Ambanis, it is clear that is upstaging Mumbai.

It isn’t hard to understand why. Greater (including Gurgaon and Noida) offers substantially cheaper office space of comparable quality, and lower living costs. It is quite simply an easier place to live in, and offers a better quality of life (public transport, choice of universities, golf courses, intellectual discourse). While there may be car thefts galore in Delhi, there is no organised gangland of the kind that lives with. Above all, there is no one in to protest against migrants coming to make the their home. Indeed, the has thrived on migrants — as have other cities. It is not an accident that Kannadigas are in a minority in Bengaluru, and perhaps Bengalis in Kolkata. Successful cities are magnets.

As the national capital, has some natural advantages — and, let’s face it, it has been a relatively pampered for decades (it shows!). But who is to account for the decline of what used to be the country’s premier metropolis? Not its good citizens, its hardworking millions, but its rulers — which is where the and others come in. The is an organisational mess (multiple authorities working at cross-purposes), a civic disaster, a transport nightmare, a housing impossibility, and a sprawling eyesore of slums.

None of it need be this way. When the textile mills shut down, had a once-and-never-to-return opportunity to re-invent itself, to make mid-town a modern, citizen-friendly living-cum-work-cum-recreation hub with homes and offices and parks of the kind that would have revitalised the city. That opportunity was lost as the surrendered to the builder-developer mafia (and made a killing too).

So why have the Thackerays, who lord it over the and declare who belongs and who doesn’t, watched passively as has given way at the seams, and focused on dividing people, setting off street violence? Do the really believe that will not lose jobs if banks and companies lose the freedom to hire whom they choose? There was a time when businesses fled Kolkata. Heaven forbid, but there could come a time when they decide to stay away from too.

image
Business Standard
177 22

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