TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Western Media’s Civilizational Insecurity Against India

    Western Media’s Civilizational Insecurity Against India Masked as Journalism

    Why Is Mamata Shielding Suspected Rohingyas?

    Mamata Defends Illegal Rohingyas Again, Questions BJP’s Crackdown on Infiltrators

    Israeli Businessman is Father, Russian Woman Faces Deportation

    Israeli Businessman Confirms Paternity, Fights Deportation of Daughters and Russian Partner Found in Karnataka Cave

    Pakistani Jasmeen Manzoor Shares Photos of Brutal Assault

    Pakistani Anchor Jasmeen Manzoor Shares Graphic Photos After Ex-Husband Beats Her Brutally

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India-U.S. Set to Strike Javelin Deal

    India Seeks Javelin Missile Co-Production Deal with U.S. Under ‘Make in India’ Push

    India Set to Test ET-LDHCM: Hypersonic Missile

    India Tests Hypersonic Missile Aimed at Covering All of Pakistan and Key Chinese Military Zones

    India Conducts Successful Trial of Astra Missile

    India Conducts Successful Trial of Astra Missile BVRAAM Featuring Indigenous RF Seeker

    India Must Stay Vigilant as Turkey-Pakistan Axis Grows

    Pakistan and Turkey Deepen Anti-India Axis Through Defence, Radicalization Nexus

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    US-DEA Uncovers Canada–Pakistan–China Narco-Terror Nexus

    US-DEA Uncovers Canada–Pakistan–China Narco-Terror Nexus: A Global Hybrid Threat Emerges

    Pakistan Taliban’s Network in Bangladesh Busted

    Pakistan Taliban’s Terror Web Reaches Bangladesh: Two Arrested Over TTP Links

    Iran Travel Warning: Indian Nationals Asked to Reconsider Plans

    India Embassy Urges Caution: Avoid Non-Essential Travel to Iran Now

    Non-veg milk a red line in India-US trade talks. Here's why

    No Dairy Deal with US if Cows Are Fed Meat: India Stands Firm

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Ace Alliance: Accelerating Growth in the European iGaming Market

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    How Digital Tools are Transforming Indian Football

    How Digital Tools are Transforming Indian Football

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Western Media’s Civilizational Insecurity Against India

    Western Media’s Civilizational Insecurity Against India Masked as Journalism

    Why Is Mamata Shielding Suspected Rohingyas?

    Mamata Defends Illegal Rohingyas Again, Questions BJP’s Crackdown on Infiltrators

    Israeli Businessman is Father, Russian Woman Faces Deportation

    Israeli Businessman Confirms Paternity, Fights Deportation of Daughters and Russian Partner Found in Karnataka Cave

    Pakistani Jasmeen Manzoor Shares Photos of Brutal Assault

    Pakistani Anchor Jasmeen Manzoor Shares Graphic Photos After Ex-Husband Beats Her Brutally

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India-U.S. Set to Strike Javelin Deal

    India Seeks Javelin Missile Co-Production Deal with U.S. Under ‘Make in India’ Push

    India Set to Test ET-LDHCM: Hypersonic Missile

    India Tests Hypersonic Missile Aimed at Covering All of Pakistan and Key Chinese Military Zones

    India Conducts Successful Trial of Astra Missile

    India Conducts Successful Trial of Astra Missile BVRAAM Featuring Indigenous RF Seeker

    India Must Stay Vigilant as Turkey-Pakistan Axis Grows

    Pakistan and Turkey Deepen Anti-India Axis Through Defence, Radicalization Nexus

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    US-DEA Uncovers Canada–Pakistan–China Narco-Terror Nexus

    US-DEA Uncovers Canada–Pakistan–China Narco-Terror Nexus: A Global Hybrid Threat Emerges

    Pakistan Taliban’s Network in Bangladesh Busted

    Pakistan Taliban’s Terror Web Reaches Bangladesh: Two Arrested Over TTP Links

    Iran Travel Warning: Indian Nationals Asked to Reconsider Plans

    India Embassy Urges Caution: Avoid Non-Essential Travel to Iran Now

    Non-veg milk a red line in India-US trade talks. Here's why

    No Dairy Deal with US if Cows Are Fed Meat: India Stands Firm

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Ace Alliance: Accelerating Growth in the European iGaming Market

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    How Digital Tools are Transforming Indian Football

    How Digital Tools are Transforming Indian Football

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Amid exodus of businesses from Hong Kong, Singapore is gaining at the cost of Mumbai

TFI Desk by TFI Desk
5 December 2020
in Economy1
mumbai hong kong singapore
Share on FacebookShare on X

Almost three years ago in January 2018, the then Chief Minister of Maharashtra, Devendra Fadnavis, expressed the aspiration to develop Mumbai as a global financial centre, just like New York and London. “Mumbai has the capacity to be an international financial centre and also to fulfil the capability. Tax on financial transactions done by fund managers would be waived off. This provision has been made in the state budget,” Fadnavis said.

After that, in two years, he made enormous efforts to improve the city’s infrastructure, simplify the tax regime, and took many other initiatives to meet the dream. However, the global environment at that time was not very much conducive and the city had to get its basics- all types of infrastructure- right in order to become a global financial centre.

RelatedPosts

Decades of Appeasement Under Fire as Urdu Sahitya Academy Faces Eviction in Mumbai

Thackeray Cousins Reunite, Use Language Card to Stay Relevant in Maharashtra Politics

Saif Ali Khan Stabbing case: Fingerprints of main accused, Shariful Islam not found in Khan’s flat

Load More

The city got the golden opportunity to become the global financial centre with the Chinese crackdown on Hong Kong- the undisputed financial centre of Asia. But, this time the city does not have Devendra Fadnavis to realize the dream.

As per a report by Nikkei Asian Review, the premier financial newspaper from Japan, the global financial companies are looking at Singapore to develop it as an alternative base after the crackdown on Hong Kong. Many companies which used to base their chief executive officers in Hong Kong will now base them in Singapore. “Barings joins Deutsche Bank in looking to Singapore as alterative base,” reads the report titled ‘finance leads Hong Kong’s first business exodus in 11 years.

Had the Uddhav Thackeray-led Maha Vikas Aghadi created a conducive environment for the companies to flourish, they would have preferred moving to Mumbai instead of Singapore. But the MVA government is more concerned with petty issues like arrest of critics and journalists instead of focusing on governance.

Read more: Mumbai just had the longest power-cut in decades. Uddhav Thackeray keeps proving his mettle

Mumbai is very strategically located in the middle of West and East, and has a favorable time zone which could help it to become a financial hub. Also, India has some of the finest human capital in the world, thanks to IIMs from where global financial and management consulting businesses hire hundreds of executives every year.

“Mumbai is well acquainted with diversity. It also lies in a convenient time zone between the East and West. Both of these are added assets. Maybe a few strategic reforms at this juncture could turn Hong Kong’s loss into Mumbai’s gain,” reads an opinion article published by Livemint in July this year. But, the question is, in the absence of a reformative CM like Devendra Fadnavis, who would carry those reforms?

Fadnavis envisioned two big buildings to facilitate the move of global financial business to Mumbai. “We need to build two iconic buildings in the Bandra Kurla complex (BKC) for attracting investors across the globe. We will take every effort to make Mumbai a global financial centre,” said Fadnavis in January 2018.

The Uddhav Thackeray government has put all those reforms and infrastructure projects that were envisioned on hold, and even stalled the ongoing ones. The Mumbai Metro Rail project is being delayed due to shifting the metro shed; the hyperloop project was cancelled, coastal road project is also stalled; the deadline of Metro train is being delayed 5 years due to land acquisition problems- all the projects that would have solved the infrastructure woes of Mumbai are now either being delayed or scrapped altogether by the Uddhav Government.

Read more: Uddhav Thackeray’s report card is out. And it’s terrible

The life of the people of Mumbai was set to change for better and it could have become a global financial centre- its current rank among global financial centres is 35- after the exodus of businesses from Hong Kong, but the Uddhav government has some other plans.

Tags: Hong KongMumbaiSingapore
Share34TweetSend
Previous Post

Maharashtra Police files Chargesheet against Arnab Goswami as Uddhav govt gets desperate for victory against Arnab

Next Post

Justifying Ravan’s abduction of Sita, Saif Ali Khan puts his next film in big trouble as netizens fume

Related Posts

real estate
Economy1

India Retains Top Spot Among Global Investment Hubs for Land and Development Projects

11 June 2025

India has reaffirmed its position as one of the world's most attractive destinations for cross-border investment in land and...

Centre approves Rs 10,601 Crore for Assam’s Namrup-IV Fertilizer Project
Business

Centre approves Rs 10,601 Crore for Assam’s Namrup-IV Fertilizer Project

19 March 2025

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a proposal to establish a new brownfield ammonia-urea...

RBI Wins Digital Transformation Award 2025 by Central Banking, London, UK, PM Modi Congratulates the RBI
Business

RBI Wins Digital Transformation Award 2025 by Central Banking, London, UK, PM Modi Congratulates the RBI

16 March 2025

Commendable accomplishment: PM Modi hails RBI’s digital transformation award win New Delhi, March 16 (IANS) Prime Minister Narendra Modi...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

The Butcher of Pahalgam: Sulaiman — Trained by ISI, Pakistan’s Commando-Turned-Terrorist

The Butcher of Pahalgam: Sulaiman — Trained by ISI, Pakistan’s Commando-Turned-Terrorist

00:04:13

Congress’s Rohith Vemula Bill: Caste Polarization Masquerading as Reform

00:07:33

Bhima Koregaon Won’t Be Repeated; Maharashtra’s Special Act to Wipe Out Urban Naxals.

00:06:06

Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

00:07:47

How UPI went global? Why Namibia Adopted It?

00:07:20
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited