Maha govt in process of appointing consultant for IFC: CM

The Maharashtra government is in the process of appointing a consultant to help design the International Financial Centre (IFC), state Chief Minister Devendra Fadnavis said today.
The remarks by the CM come even as the controversy over providing the land to the Railways for setting up a bullet train terminal at the same location in Bandra Kurla Complex (BKC) is yet to be resolved.
Fadnavis said two task forces have already been formed to devise the final contours of IFC.
"As of now we are at a stage of appointing a consultant who would plan this entire area (BKC)," Fadnavis told reporters here today on the closing day at the Make in India (MII) Week.

Fadnavis further said the (state) government is also contemplating on whether IFC should be a financial SEZ or just a centre.
Earlier this week, the Railways had said it was in talks with the Maharashtra government on the issue of land allocation for the proposed Rs 98,000 crore Mumbai-Ahmedabad bullet train terminal at BKC, even as the state had earlier ruled out the possibility.

The land where the Indian Railways had proposed the station is the same place where the Mumbai Metropolitan Region Development Authority (MMRDA) is planning to develop the IFC.
"One is working on the technicalities where in people from financial sector like RBI, SBI chairman are involved. The other task force which is under MoS Finance which is looking in to the legal framework," he said.

"Both the models are working globally and working well and have their advantages and disadvantages, so we have to take a call on this," he said adding in couple of months the government will announce the exact time line IFC," he added.
The Chief Minister further said he has spoken to Railway Board Chairman A K Mittal regarding the issue of the terminal.
Mittal had said the state government hadn't refused the
possibility of the terminal on the BKC land parcel.
"Discussions are going on with the Maharashtra government and nothing has been finalised on the same. Design of the proposed terminal will be an underground station, 3 levels below the ground level and the above space is available for the centre," Mittal had earlier said during the MII Week.

"We are in talks with them (Maharashtra government) and they have not completely refused," he had added.