In the midst of increased financial turmoil, there are cities which have been a promising destination for business since many ages. Few have withered their rankings and dwindled their growth whereas some have stood the test of times…. Mumbai…Bombay being one of the golden hens which is always widely touted by who’s of who of the industry as their business hub …the city once known as the trading corridor of the East India Company is now one of the Super Cities of the World. It contributes over 278 bn$ to the nation’s GDP. Truly be it finance, commerce, banking, eCommerce, start-ups, real estate, film industry, trade …. Mumbai is the preferred hub for all.
Rather the nerve center for Indian economic contributor by virtue of being the only city contributing over 7% GDP. It is also the only city contributing over 60% of customs duty, 25% of industrial production and 33% of total direct tax revenue generator. It houses the leading conglomerates of the country like Reliance, State Bank of India, Hindustan Unilever, Tata Group, ONGC, L&T, ICICI.
There are notable infrastructure projects which have been bringing this city into limelight and adding more sheen to its business vibrancy. The new T2 terminal, monorail projects, Mumbai Metro, Mumbai Panvel freeway have strengthened the infrastructure capabilities of this giant city. Well networked city ready where things can move swiftly, shipped million miles with ease of access. This city is the strongest for infrastructure the basic element for your business as every minute of your supply chain management means a lot to you…
Let’s talk about where the finance comes from:
Name the banks and they have made their headquarters as Mumbai…be it the country’s largest bank or the foreign banks of the world this city has it all. The oxygen centre required for business is always there to ensure you never face any hiccups.
Mumbai has a large workforce base of skilled professionals, skilled labourers and semi-skilled workers. May be the only city which helps you fulfill these requirements on time, anytime. Disciplined and punctuality runs in the city and has things well-regulated to ensure business operations can run smoothly. So many feathers in the cap, the city is still humble in its culture and has a potpourri of people residing of different region, languages and nationalities with ease and comfort.
We hope this information proves useful and if you have any other ideas you would like to add, leave them in the below comments section. And most importantly, cheers to a successful you.