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Sir/Madam The attack on Mumbai is not just an attack on the nation's security but has struck the national economy. Mumbai and Maharashtra that is the considered the commercial hub of India has been hit and the confidence of the investor has been shaken. The head offices of the majority of all Indian companies are in Mumbai followed by New Delhi, Chennai and Bangalore. There is a possibility of a shift of industries and corporate offices from Mumbai and Maharashtra to the other neighbouring states especially Gujarat. The effect may not be felt immediately but in a few years the change will be clearly perceptible. The business person who invests see the proportion of return on his investment done. No one would enter into a losing investment. Prior to the terrorist attack the agitation against North Indians are all factors that would cumulatively influence this negative shift out of Mumbai as well as Maharashtra. Future of capital investment in Maharashtra shall reduce and this is not in the interest of the state whose economic health shall be badly affected. Let us all analyse the issue. Regards Manoj Joshi |
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