India, March 30 -- The City and Industrial Development Corporation (CIDCO) has presented a Rs.14,130 crore budget for the year 2025-26, with the target to develop Navi Mumbai into a business hub.

The Rs.10 crore surplus budget, which is higher by Rs.8,632.73 crore from last year's revised budget, was presented by CIDCO vice-chairman and managing director Vijay Singhal to the board at the Nirmal office on Thursday. The budget has plans for several major projects, including a logistics park and an international standard EduCity.

The budget takes into account the dynamic changes set to take place in the economy of the region with the start of Navi Mumbai International Airport later this year. This will lead to increase in trade, container ...