Navi Mumbai could be a parallel financial centre, says Chavan

Navi Mumbai is a bit better than Mumbai as far as its infrastructure development is concerned and it has the potential to become a parallel financial centre, Maharashtra Chief Minister Prithiviraj Chavan said here today.

He made the statement after inaugurating the Exhibition and Convention Centre at Vashi developed by City and Industrial Development Corporation of Maharashtra (CIDCO).

Spread over 7.5 acres of land, the Vashi Exhibition Centre is one of CIDCO's prestigious projects, built at a cost of Rs 256 crore. It is one of the five exhibition centres which can compete with global standards.

The centre comprises a multi-purpose hall, auditorium, convention halls, open auditorium and library. By creating such an iconic building, CIDCO has achieved all the key parameters to make Navi Mumbai an international city, he said.

Earlier, the foundation stone for a proposed Patrakar Bhavan (Press Club) to be constructed at a cost of around Rs 2 crore at Seawoods Nerul was also laid. He announced that one more floor would be added to the proposed Patrakar Bhavan to accommodate more participants.

The Patrakar Bhavan is expected to bring the Navi Mumbai media fraternity under one roof.