Also, noting that all major companies have their headquarters in Mumbai like the Aditya Birla Group, Tata Group, Reliance Industries Limited and so on. Also, the Reserve Bank of India and all major nationalized and private banks have their headquarters situated in Mumbai. This gives high impetus to investors who come and invest heavily in the stock markets. And Mumbai has two of India’s oldest stock markets in the country. These investors find it convenient to come and find everything at one place. They can assess the market, the conditions prevalent and the competition face by the industrial units by one another. Also, the presence of Securities and Exchange Board of India, which regulates this stock and share markets in India is having it’s headquarter in Mumbai. The city, which is a cluster of 7 islands, is also one of the biggest natural harbors in the world. It is this characteristic which makes it the most preferred location for sea trade in India. No doubt that it accounts for nearly 65-70% of all sea trade in India. The Jawaharlal Nehru Port and the Mumbai trust Port are the two main ports in the city. Due to availability of deep harbor, Mumbai became one of the favored ports right from the time The British East India Company started doing business in India. Right from the British era, the Mumbai port used to be a busy textile import and export hub. Textiles were a major source of livelihood and income during the 1800s. Then came leather industry and gems and jewelry units. So, right from historical past Mumbai has been a commercial hub generating huge revenue. HISTORY
Mumbai as we know was a cluster of mainly 7 islands namely Parel, Bombay Island, Mazagaon, Worli, Little Colaba, Mahim and Colaba. It’s a hazy picture as to when actually these islands In 1687, the major change in the economic scenario came when The British East India Company transferred its headquarters from Surat to Mumbai. In 1728, a major civil project of connecting all the 7...
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