Inauguration of Goldman Sachs’ New Mumbai Office by Chief Minister Fadnavis

Third Mumbai to Script a New Chapter of Economic Growth – CM Devendra Fadnavis

Mumbai, August 18: A “Third Mumbai” is being developed in Raigad district to boost the growth of the Mumbai Metropolitan Region. This Third Mumbai will be a new chapter in economic development, said Chief Minister Devendra Fadnavis.

The Chief Minister was speaking after inaugurating the newly expanded Mumbai office of the international investment bank Goldman Sachs at Worli today. He also interacted with investors during the event.

Chief Minister Fadnavis stated that it is a matter of pride for Maharashtra that a global financial institution like Goldman Sachs has opened a new office in the state. This affirms the strength of Maharashtra’s skilled manpower, robust markets, and investment-friendly environment, he said. The development also underscores Maharashtra’s leadership in the financial sector.

The state government, he added, is committed to growth and is working in partnership with the private sector to create the “Third Mumbai.” International university campuses are being set up there, which will be a major step forward for the economic progress of Mumbai and Maharashtra.

Plans also include a medical college and an innovation hub with all research facilities. The hub will feature research in quantum computing and AI-based systems. Connectivity between the Third Mumbai and the existing city will be seamless through the Coastal Road, Atal Setu, and the ongoing Worli–Sewri Link Road project. The Third Mumbai will further accelerate the development of Mumbai, the Chief Minister noted.

Appealing to private investors, CM Fadnavis urged them to take the initiative and invest in this region. He assured that all required approvals for investors will be expedited at the government level. Maharashtra is an investor-friendly state, actively working on improving Ease of Doing Business. The government is ensuring that investors face no hurdles, and any challenges are resolved promptly. He called upon investors to contribute to the development of the Third Mumbai. The Chief Minister also congratulated Goldman Sachs on its new office.

Kevin Sneader, President of Goldman Sachs, said that opportunities in the Indian market are of great importance to the company.

Sanjay Chatterjee, CEO of Goldman Sachs India, said this new office marks a milestone in the company’s journey in India. The design of the office emphasizes collaboration, innovation, and employee well-being.

Highlights of the New Office:

World-class facilities
State-of-the-art conference center
Zoom-enabled meeting rooms
Information collaboration spaces
Focus rooms and team rooms
Height-adjustable desks
Multi-purpose spaces and an on-site catering café

Goldman Sachs in India – At a Glance:

Recognized as an investment bank in India by Dealogic since 2021.
Since 2024, has raised over USD 10 billion through IPOs and block trades, including the largest IPO and block trade in India.
More than USD 8.5 billion invested in India since 2006.
Services in India began in the 1980s; established a wholly-owned presence in Mumbai in 2006.
Currently provides a range of services including investment banking, equity sales and trading, fixed income securities, asset management, and research.