Monday, January 02, 2006

You will get 50% stake in running Mumbai

The New Year bash has given the government some good sense, the government plans to do something nice it decided to corporatize BMC...

It has prepared a draft of a special purpose vehicle (SPV) proposing a three-way partnership between citizens, corporations, and the government to execute and maintain the city’s amenities and introduce accountability.
Citizens would hold 50 per cent stake in terms of shares in the new arrangement. The rest would be divided between the BMC, the Mumbai Metropolitan Region Development Authority, and private financial institutions like IDFC and HDFC.

read more

DNA - Mumbai - You will get 50% stake in running Mumbai - Daily News & Analysis

The fun will begin when it get listed on the Sensex and whole of India and world trading in BMC :)), I would surely invest in BMC even though some of their employees come drunk and get paid in gold its a nice company, taking care of 14 million mad people in a even madder city is no joke!!

I also wish they did something about the Indian Railways, Ports, State Bus Corporations and other Government Utility Companies