Mumbai, May 12 (IANS): The works on the memorial to Dr. Babasaheb R. Ambedkar in Mumbai are progressing smoothly and the world-class monument is expected to be completed by March 2024, officials said here on Wednesday.

A 3-Minister delegation of the Maha Vikas Aghadi government inspected the Indu Mills compound site in south Mumbai where the memorial, executed by the Mumbai Metropolitan Region Development Authority (MMRDA), is coming up.

The much-anticipated monument of global standards is being built in the now defunct mills' 12 acres compound in Dadar, near the Chaityabhoomi and adjacent to the Arabian Sea, with the tallest statue of Dr. Ambedkar which will be known as 'Statue of Equality' planned here.

Besides the delegation - comprising Social Justice Minister Dhananjay Munde, School Education Minister Prof. Varsha Gaikwad and Minister of State for Social Justice Dr. Vishwajeet Kadam, MMRDA Commissioner S.V.R. Srinivas and renowned architect Shashi Prabhu also visited the area.

"We have gone around and seen it. The work is progressing well. We are confident the memorial will be ready by March 2024," said Munde, adding there will be no paucity of financial resources required for the project estimated to cost over Rs 1,000 crore.