The proposed International Finance Services Centre (IFSC) at Bandra-Kurla Complex in Mumbai is likely to be named North 51, derived from the area’s pin code and the north Mumbai location. To get around this hurdle, the panel is now working on a Mumbai-GIFT corridor to have a better linkage between the two proposed finance centres. It was also decided that Mumbai IFSC should have a tie-up with Qatar and Dubai to create a South Asia-Middle East corridor. The finance centre has been on Mumbai’s wish list for the last 7 years. Also readFadnavis’ proposed biz centres for Mumbai fail to find any takersGlobal tenders floated for finance hub in Mumbai

Source: Hindustan Times January 20, 2017 18:50 UTC