In a meeting with the NITI Aayog on Tuesday, Chief Minister Eknath Shinde and his deputies were promised a master plan to double the Gross Domestic Product (GDP) of Mumbai and its metropolitan area to 300 billion dollars by 2030. The NITI Aayog will prepare the proposed master plan in four months.

The meeting comprised Shinde, deputy chief ministers Devendra Fadnavis and Ajit Pawar, NITI Aayog CEO BVR Subrahmanyam and other members of the Centre’s premier policy think tank. In a presentation to the state, Subrahmanyam stated that the Mumbai Metropolitan Region’s (MMR) GDP is 140 billion dollars — higher than Portugal, Colombia, Saudi Arabia, Malaysia, Israel and Chile. MMR’s population is expected to be 2.70 crore by 2030 and the region’s growth in the last five years has been 5 to 5.5 per cent. To increase the GDP, the MMR will need an investment of 150 billion dollars in the next seven years.