Mumbai will soon have a cultural hub on the lines of Times Square in New York. It will be developed by Maharashtra Tourism with help from Union Tourism ministry. This open air hub is proposed to be built in Kala Ghoda area of the metro. There are many plans to develop this area. Project has been approved and work will start on this very soon. The Union Minister of State (Independent Charge) for Tourism and Culture, Shripad Naik has said that Ministry of Tourism would sanction Rs. 5 crore for phase-I of the project with similar amounts for every subsequent phase. This would be over and above what the Government of Maharashtra would spend in creating the basic infrastructure to incentivize private sector parties to invest in the project. The Government of Maharashtra/local authorities, M...
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