Global City Makers
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Global City Makers

Economic Actors and Practices in the World City Network

Edited by Michael Hoyler, Christof Parnreiter and Allan Watson

Global City Makers provides an in-depth account of the role of powerful economic actors in making and un-making global cities. Engaging critically and constructively with global urban studies from a relational economic geography perspective, the book outlines a renewed agenda for global cities research. Focusing on financial services, management consultancy, real estate, commodity trading and maritime industries, the detailed studies in this volume are located across the globe to incorporate major world cities such as London, New York and Tokyo as well as globalizing cities including Mexico City, Hamburg and Mumbai.
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Chapter 7: The making of Mumbai as a global city: investigating the role of the offshore services sector

Bart Lambregts, Jana Kleibert and Niels Beerepoot

Abstract

This chapter investigates how the offshore services industry contributes to processes of global city making in India’s financial capital, Mumbai. It looks for synergies between the city’s offshore services sector and its onshore financial services sector, nursing the idea that the latter should be regarded as Mumbai’s main ‘global city maker’, and exploring the hypothesis that the offshore services sector contributes to global city making mainly by supporting the functioning of the city’s onshore finance sector. The chapter shows that while operational interactions between Mumbai’s offshore and onshore financial services sectors are limited and while the offshore services activities themselves do not accumulate commanding powers in global production networks, it is through human capital formation, auxiliary services upgrading, financial services demand creation, and reputation-building that the offshore services industry fosters the city’s onshore finance sector and thus indirectly, yet meaningfully, contributes to the making of Mumbai as a global city.

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