Effect of Globalization on Mumbai Essay

4952 Words Oct 17th, 2010 20 Pages
The effect of Globalization on Mumbai

Chaitik Doshi

Introduction 2 Mumbai – A Cultural Diversity 3 A Brief History 4 A Glocalised World 5 Mumbai Urban Infrastructure Project 6 Navi Mumbai International Airport 11 Mumbai – A Global Financial Hub 13 A Dangerous City to Live In 14 Mumbai 2020: A Vision 17 References 18


Globalization has been an integral part of India’s progress. It has opened up new avenues for growth.
One of the biggest impacts of globalization has been to IT (Information Technology) and BPO (Business Process Outsourcing) sector. These two sectors have progressed at never before pace. Key reasons for this is easy and cheap availibilty of skilled workforce with
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A few months later, on March 12, a series of co-ordinated bombings at several city landmarks by the Mumbai underworld killed around three hundred people. In 1995, the city was renamed Mumbai by the Shiv Sena government of Maharashtra, in keeping with their policy of renaming colonial institutions after historic local appellations. There have also been terrorist attacks, sponsored by Islamic extremists, on public transport buses in past years.

A “Glocalized” World

Glocalization is a term that was invented in order to emphasize that the globalization of a product is more likely to succeed when the product or service is adapted specifically to each locality or culture it is marketed in. The term combines the word globalization with localization.
Across much of the world, India is still known as a land of elephants and maharajahs. But one day, it might be known for Tata. Headquartered in Mumbai, The Tata group symbolizes the quintessential Indian firm.
A person in the US or UK may never have heard of the Tata Group. But there is a fair chance you have sipped a Tata drink, put on Tata shoes or slept in a Tata hotel in New York, London or Sydney. Your company's software may be made by Tata. The ball bearings in your power drill may be from Tata. When you last checked e-mail, telephoned Beijing or used Skype, Tata's 60,000 kilometers, or 37,000 miles, of deep-sea cables may have connected you.
The Three stages

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