BMC face revenue loss as manufacturers shift outside the city

0
357

According to an internal report released by BMC, there are many manufacturers who have moved their operations outside the city, hence amounting to loss of revenue for the municipal corporation.

BMC has confirmed that production units of large manufacturing companies having moved out of Mumbai has led to revenue losses for the civic body.

In an internal report, the civic body has stated that some production units of Godrej and Boyce, Mahindra and Mahindra and Larsen and Toubro have moved out of the city, citing this among other reasons for losses in revenue from octroi collections. This is the first time that the civic body has listed the relocation of production units out of Mumbai as a reason for revenue losses.

SHARE
Previous articleNo meeting between National Security Advisor and Pakistani counterpart: Govt
Next articleSuperb City have quarter-finals in sight
NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.