Mumbai Secures $48 Billion for Infrastructure Boost

• The Mumbai Metropolitan Region Development Authority (MMRDA) signed agreements to raise $48 billion from domestic financial institutions.
• The funds will be used for key infrastructure projects in transport, housing, energy-efficient systems, and smart urban services.
• Major lenders include REC Limited, Power Finance Corporation, HUDCO, IRFC, and NaBFID.
• This move aims to transform Mumbai into a global financial and urban development hub.
• Deputy CM Eknath Shinde hailed the occasion as historic, marking the largest-ever MoU signing in India's infrastructure sector.

Source: Hindustan Times, News 18