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Is political developments in Mumbai making it a less attractive investment destination?

Created by : Esha Johar, Risk Analyst, Irevna  | 02 05 2010 08:07:15 +0000
Industry : Equity Research/AnalyticsFunctional Area : Politics(Personal Interests)
Keywords : investments investors mumbai amitabh bachhan gujrat political development
Activity:  394 views;  last activity : 07 06 2010 20:18:09 +0000

The ongoing case of action against Anti-marathi cases in Mumbai has made many investors started opting for other neighbouring states like Gujrat. Many Non-marathis businessmen are opting for states like Gujrat to open the branches of their company which is effecting the development of Maharastra and helping in the development of Gujrat. One of these kind of people are Amitabh bachhan who has recently become the brand ambassedor of Gujrat.

So in this regard, I would like to ask the users in this platform, according to them, is the ongoing political scenario in Mumbai making it a less attractive investment destination?

  
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I think so. Investors today are no more interested in investing in Mumbai. Factory owners are not willing to stay any longer in Mumbai. All because of the cleaning of non-marathis in Mumbai. We can see daily, investors opting for the neighbouring states.
By Esha Johar, Risk Analyst, Irevna  02 05 2010 08:07:15 +0000
 
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I feel if you have the right expertise and capital one can do business any where in India. I think Mumbai is geting overcrowded and many workers are forced to travel 3 to 4 hours to reach their work place because their company may be located far at the suburbs or may be even further. May be this overcrowding is creating all sorts of social and political problem and administration may be difficult. Then some industries where shiping and transporting are major factors then there may not be an alternative destination for investments. Look what Maruti is facing now being located in Haryana and the cost run up they incur in transporting vehicles to the rest of the country.

So I feel some other areas need be developed in line with Bombay, like Goa, Mangalore or Kochin for alternative destinations, so that Mumbai can be spared overcrowding ordeal.
By Mathew Cherian, Research Associate/Analyst, Western Michigan University  02 05 2010 18:14:49 +0000
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100% accepted. Shift all factories. Ban all finished product coming out of maharastra. Let us see what 3 idiots do for Marathi Manus.
By Santosh Sinha, Freelance Journalist, Free Lancer  | 03 02 2010 10:41:46 +0000
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Bombay,Now known as Mumbai,is catching the  headlines in all media.sadly it has a negative impact.The city known for various Positives is losing the charm because of very few.who want to gain more space in news.It will be an irreparable loss for Maharastra as a whole. 


By s.baalu , Consultant, XYZ LTD  | 02 08 2010 08:00:42 +0000
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I AGREE WITH ESHA BECAUSE MANY NEW FDI COME TO BANGLORE AND CHENNAI AND GUJARAT INSTEAD OF MUMBAI AND MAHARASHTRA..
By mehul , internal auditor, audit firm  | 02 07 2010 03:47:48 +0000
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Yes, it does. thanks to some misled miopic people.
By Sagar Athanikar, Operations Manager, JPMorgan  | 02 06 2010 14:08:29 +0000
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Yes, you are right and it is happening too.
By R.K.MALHOTRA , Investment Advisor, Trainer and motivational speaker, WORKING FREELANCE  | 02 05 2010 12:29:14 +0000
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Esha..quite expected....agree with you
By Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 02 05 2010 09:39:50 +0000
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Political developments in Mumbai are more in gossips than actual; apparently it is move to remain in lime-light and prove existence. We all are first of all Human Beings than Indians and than belong to states and provinces. And if someone is claiming Mumbai than how about rest of Maharashtra??? Is that not of Marathi's??? If we go statically proportionate density of Marathi would be higher in rest of Maharashtra than Mumbai. Investors invest keeping long term vision and such moves do not affect. Nano plant moving out of WB is the best example for common man to understand that if they keep on blindly following without understanding the power of ONE INDIA, they would eventually loose. More so polling results reflect how worthy such claims are...
By Prassan Kumar Sharma, AVP, Nirmal Bang Securities  | 02 08 2010 21:14:38 +0000
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May be few people have gone out but I don't think investors will stop investing in Mumbai till the time BSE is there. Mumbai is the economical capital of India only because of BSE and it has neither left Mumbai nor is planning to leave Mumbai very soon which means investments will keep on taking place in Mumbai.
By Jyoti Rath, Sr. Associate, Barclays  | 02 05 2010 08:32:24 +0000
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