BMC face revenue loss as manufacturers shift outside the city


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.