Mumbai has the capacity to become one of the world’s great financial centres. Its competitive advantages include the widespread use of English, which has become the international language of business, great expertise in information technology and quantitative analysis, well-established systems for trading securities and a solidly grounded legal system.

It is already the financial centre for the large and rapidly growing Indian economy. And, as Indian companies move up to global scale, they need the financial services that only an international capital market can provide.