The GFH Mumbai Economic Development Zone is set to be one of the largest development projects in the state – a state-of-the-art Economic Development Zone - just outside Mumbai, the country’s financial and commercial capital.
The 1600-acre zone, which will attract a total investment in excess of US$10 billion, comes exactly a year after GFH had signed a similar agreement with the state for the development of India’s first energy business district – Energy City India. The bank had floated an immensely successful private placement initiative earlier this year that raised US$630 million towards the first phase of its development. The economic development zone announced today will include Energy City India, apart from incorporating three additional components – Telecom City Mumbai , Software City Mumbai and Entertainment City Mumbai.
