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Will the political developments in Mumbai make it a less attractive investment destination? Asked by Joseph Abhram on 05, Feb 2010 11:17 AM | Total Answers: (36) |
- Not much,but infra structures(transportation) makes the main difference and elegance of {society } the CITY. Answered by Tim Duraikannan Venkatraman , General Manager at KK Consultancy | 21, Mar 2010 06:48 PM
- i have seen the question in the eyes of people of Maharashtra. many of they have started thinking much like Mr. Bal and Raj. Young people are most affected. If you see, much of the business in Maharashtra is either created by people from south india or people from Gujarat, Rajasthan, Punjab etc. Previously mumbai witnessed crime against south indians now it saw same thing against north indians. If not today, may be tomorrow People will leave it for better places like South india or Gujarat. Indias problem is in its policy of 3 languages. If we can enjoy cricket then whats the problem in accepting english as the only major language of the UNION. The moment we scrap 3 language concept and make english as the only accepted ...See More Answered by Vikram Sharma , VFX Artist at evolutionaryFx | 10, Feb 2010 03:24 PM
- Of course MUMBAI has always been seen as a cosmopolitan city and if the world comes to know about the political developments about regional issues it will give it a bad fame all over as all around the world investors look for a cosmo cities. Answered by sumit singh , owner at rlr | 09, Feb 2010 07:59 PM
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It would be a big shame if that were to happen, the possibilities of this coming true cannot be ruled out. On one hand we had the SS/MNS, equaly guilty was the state government for not providing effective response and this may impact much more than what SS/MNS have done.
Tthe established business' may not move out. The new and the undecided ones would have by now moved on to other locations.
...See More Answered by Anil Kohli , Owner at I-Ore Trading | 08, Feb 2010 03:02 PM
- Surely, because for investment peaceful environment and a good working culture is very much needed. political stability , fearless atmosphere a self disciplined work force and leadership attract more investment as these give a faith in the mind of investor. Answered by shashi bhushan kumar , asstt.audit officer at govt. of arunachal pradesh | 08, Feb 2010 02:00 PM
- This is advantage Delhi. More stable governance coupled with tremendous amounts of develop ment & investments all around. Check out www.delhi-masterplan.com Answered by Ramesh Menon , Strategic consulting at Certes Realty Limited | 08, Feb 2010 01:11 PM
- Yes.Prior to 1992 the top Software companies TCS,TBL etc were in SEEPZ Mumbai. After the 1992 riots the action shifted to Bangalore leading to Bangalore emerging as the IT capital ..... This time around Lets see who gets the advantage Answered by Shreekant Shastry , General Manager at UGL Equis | 08, Feb 2010 12:22 PM
- Definitely, and the results are for us to see with the investments shifting to Gujarat or other states, even Bollywood may shift elsewhere if these thy of intinmidating tactics continues. We are already seeing the backlash over Telangana problems in the investment climate of Hyderabd where the shift is clearly visible in Bangalore and Chennai. Answered by Prabhakar Srivastava , Principal Consultant at Future Next Consultants | 08, Feb 2010 12:00 PM
- yes. though some may say the activeness will die soon, the inherent hatred will not die once created. as such the answer is yes. Answered by vasudevan mangadu , Senior manager at Larsen & Toubro Ltd (L&T) retired | 08, Feb 2010 07:26 AM
- no Answered by Yogesh Nair , Branch Sales Manager at ICICI Bank Limited | 06, Feb 2010 09:38 PM
- May not be. The reason being that the present political turmoil may sustain for a short period. General population of Bombay are hard working and have less time to devote for politics The right investors always look for a long time growth and better return and Bombay is the right place for investment considering the advantges available here. Answered by Tapan Kumar Roychowdhury , Projects Manager at Aarvi Encon Private Limited | 06, Feb 2010 05:47 PM
- Yes if there are other peacfull destinations with welcom attitude. Answered by Mukti Nath Singh , D G M (QA & Civil Design Control) at Tower Vision India Private Limited | 06, Feb 2010 05:24 PM
- Mumbai has come thru such issues many times in the past and will survive these minor scares also unscathed. Answered by padmakumar p.nair , Director at estilo projects | 06, Feb 2010 12:27 PM
- Not exactly, Investors are normally not guided by the antics of toothless tigers like BST (Bala Saheb Thakre) trying to regain their lost turf in politics for their worthless offsprings be it Udhav (direct) or raj (indirect). As an investment destination Bombay (for me always) still holds a lot of promise. Arvind Answered by Arvind Singh , CEO at ESR (Bokaro) Pvt. Ltd. | 06, Feb 2010 01:45 AM
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No, it won't be for political reasons. Peoples knowledge and interest in politics in only with their morning news paper till they finish their first cup of tea. Besides that memories are short.
Over population and poor infracture i feel will be the reason for investors to stay away from the city.
Other cities are showing good signs of future development. Answered by Alok Agrawal , Interior Designer at Designerscombine | 05, Feb 2010 11:28 PM
- May Be...! All the way I think that it's needfull development in politics but the development should be with the valid issues. Those issues should be regarding the employment & growth of territory. But it is very upsetting presently they(Politicians in mumbai) are fighting on language & State like minor issues. This will cause curtail in invester list. Answered by sachin bharmal , Interior Designer at The Squares associates | 05, Feb 2010 09:57 PM
- Yes, It will. Gujarat is the major beficiary of the political situation in Mumbai. Gujarat's proactive business friendly policies and political stability has attracted many big industries in Gujarat, at the cost of Mumbai Answered by anil mehta , Head-SEZ at A large group | 05, Feb 2010 08:43 PM
- No - Mumbai will always be a hot spot for investments. The recent political developments can not be ignored. They are micro challenges which have to be considered so that investments are safe , secure and show growth in medium and long term. Answered by SUNIL HARLALKAA | 05, Feb 2010 08:27 PM
- The political situation at present is not alright- but is a temporary phase. Business decisions are based on short and long term issues. Shiv Sena & its off shoots must be ignored and allowed to die by the media. These people want to be in the lime light and the media camera and reporters go and provoke them to make statements. What else can you expect? You have telangan issue in AP, Sena in Maharashtra, Some sena in magalore etc etc. We area democratic country. UP you have Mayawati /& Mulayam etc etc It is all politics Answered by MOHAN DIVEKAR , CMD at GIVES PVT LTD | 05, Feb 2010 07:19 PM
- Absolutely,but I believe this is only a phase and will soon be sorted out politically.......whatever said and done,Mumbai will remain the financial capital of our country. Answered by Kiran Mp , General Manager at Sobha Developers Limited | 05, Feb 2010 07:18 PM
- Looking to the stable government in centre i don't think that they will allow such type of misconcepts to flourish they are handling the situation very sensitively. whatever roots of mumbai have beneath the ground that nobody can disrupt of course gujarat is growing up well and aging i am from gujarat but mumbai is mumbai. we are really lucky that we have Dr. Manmohan singh as our prime minister and Mr. Narendra Modi as Gujarat Chief minister who has won best governance award and have shown what management can be done. He is really a role model for every state. If one see in deep keeping aside the name of the political party which they belong. After nano project shited to Gujarat everybody is thinking like this but again ...See More Answered by chirag shah , Project manager at sayan textile park pvt. ltd. | 05, Feb 2010 05:50 PM
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For Sure. We have Read already , just today , many of the Investment in the Past Few Days have gone to Gujarat, a State free from Fanatism and highly Pro-Industry.
Let the Thackarays know that had they started their game of Politics of this kind immediatly after India's Independence, Bombay would have been another Ananymous Small Town , not Mumbai ot Today. Answered by NagalapuraSatyanarayana ChandraSekhar , Deputy General Manager at Zircast Limited | 05, Feb 2010 04:44 PM
- Bingo, Ramesh, my views exactly. You missed out one more plus point of Delhi - better governance ! Answered by Ramakrishnan Rajaram , President at Alok Industries Limited | 05, Feb 2010 04:32 PM
- NO!Not atall .Such things keep on happening and have happened in the past and will happen in future. Investments will continue to pour in, in the hope of better returns and in view of no better alternative at present.I do not think there is any other destination considering Mumbai's Unique position in terms of geopolitical situation. Answered by Anand Kher , Consulting Civil/Structural Engineer at H | 05, Feb 2010 04:08 PM
- i do not agree with your view... bacause politions are always there to make controvercy & rise unwanted issues. but if u see need for redevelopment & other infrastructure developments in mumbai, and being a finaciale capital of India, demand for small & mid housing segment will always be there , an investor will get better returns & any politicle stance can not make mumbai less attractive for investor. Answered by kamlesh patel , Project incharge at Super Const. Co. | 05, Feb 2010 03:59 PM
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The seends have been sown of dissent, and I do not see things changing for any better from here on.
Delhi would overtake Mumabi esp. in light of the following three factors.
1. Notification of Delhi masterplan 2021
2. Billions of dollars being invested towards infrastructure for c'wealth games and imp. political events of future.
3. Availability of resources - Land, Talent pool and funding
In light of above, Industry would prefer to invest in Delhi, rather than Mumbai. Answered by Ramesh Menon , Strategic consulting at Certes Realty Limited | 05, Feb 2010 03:19 PM
- No, Absolutely No. All over the world people knows that the economical capital of India is Mumbai and it is a cosmopolitan city. A group of miscreants cannot create havoc situation here. These type of problems are happening in places. Ultimate aim is to gain in elections not more than that. But an important role for the ruling party, that is they must ensure that everything should move smoothly and create an atmosphere for a united India in public mind, which will give a strong signal everywhere. We have witnessed such problems end number of times in Mumbai but still we are united and it is proven that the people of Mumbai is loving Mumbai and our country. We must hate these type of politicians and do not vote for them. We are ...See More Answered by Thomas Charles , Vice President - Construction at Jai Corp Limited | 05, Feb 2010 03:12 PM
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I do not think so. All regional politicians think alike.
Netas from the regional parties in all states tend to play the local card to their advantage. It's extremely irritating, but I beleive investors are aware of this fact and play it down fully aware of the regional political dynamics.
THere are much larger issues which investors would be wary of :
Infrastructue connectivity,
Transparency,
Stable government,
Availability of resources and project attractiveness. Answered by lalith kumar , Vice President- Corporate Strategy at Ozone Group | 05, Feb 2010 02:34 PM
- In my opinion, local politics may not affect much in investment scenario. It is important how the local government and central government responses to the issues. Answered by Santosh Mohanty , Director at Pabani Builders & developers | 05, Feb 2010 02:29 PM
- absolutely Answered by sanjaykumar singh , proprietor at surya constructionwares | 05, Feb 2010 02:06 PM
- Without a doubt ! As it is, Mumbai does not occupy the coveted position of undisputed No.1 any more, but situation is bound to get worse. Mumbai is rapidly going the Kolkata way and the so called "Netas" are rabidly advancing their short sighted agenda. They don't really love Mumbai, they love themselves and they are intent on destroying Mumbai - Jai Maharashtra !! Answered by Ramakrishnan Rajaram , President at Alok Industries Limited | 05, Feb 2010 01:34 PM
- Surely any political confusion will have a direct impact. Answered by Nagaraj K , GM Development at Synergy Property Development Services Limited | 05, Feb 2010 01:03 PM
- surely it would effect as today's investors are more matured, they not only look at political condtion but also at the public (local) at large. If they behave radical..and just talk about their own community things will not move ahead and dilever the justified ROI. Answered by Gautam Mishra , Asst. Vice President - Sales & Marketing at M3M India Limited | 05, Feb 2010 12:40 PM
- According to us we beleive that this kind of enviourment is definetly not favourable and viable for an individual as well as company as whole and we at surat are already beneficiary , as within last month it has seen a beg inflow of money in realestate sector not only from mumbai ,from calcutta and hyderabad as well. Answered by Savani dharmendra , partner at navmangal corporation | 05, Feb 2010 12:33 PM
- off course Joseph,In fact any company wether National or International,they do look at the political scenerario b4 investing. Answered by Steven Dsouza , Proprietor at Apota Technologies Estates & Ventures | 05, Feb 2010 12:31 PM
- no,definitely not, becouse this is just temperary issue. Answered by PRAVIN KHOT , CEO at BHU DRISHYA KALA CONSULTANTS | 05, Feb 2010 12:13 PM
- Mumbai is one of the world's financial capitals. Many best businessmen and companies operate there. Local political develpments can have some impact but not much. Commented by Jayasimhan T Rajasuriya, Chief Architect at Sun Associated | 709 days ago
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