India, March 11 -- The Mumbai Metropolitan Region (MMR) will be developed as a growth hub, with seven international business centres to be developed in the region. "The objective is to increase the size of the economy of the Mumbai Metropolitan Region, from the current $140 billion to $300 billion by 2030, and to $1.5 trillion by 2047,'' said state finance minister Ajit Pawar while announcing the budget in the assembly on Monday.

The MMR, a huge focus area in the state's budget for FY2025-26, will see several mega-infrastructure projects. Pawar announced a new elevated road connecting Thane, Kalyan, Dombivali and other areas to the Navi Mumbai International Airport. He also said the Vadhavan port in Palghar would be linked to the Mumbai-...