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Business in
Mumbai
Mumbai is the business &
financial capital of India. All the major financial institutions, banks and
stock exchanges are based in Mumbai. The head quarters or administrative
offices of major business houses operate out of Mumbai.
The earlier business district
of Ballard Estate have given way to Nariman Point in South Mumbai and more
recently to the new business districts, which have come up in Bandra Kurla
complex and the Lower Parel areas, which are being built on redeveloped
textile mills' land.
Newer business complexes are
coming up in Andheri and other districts in the northern part of the city.
These units mostly house the IT and knowledge based industries e.g. BPOs.
Gradually the smokestack industry is being driven out of Mumbai, mainly due
to economic unviability.
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