INDIA CAPTIVATES
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Jaipur
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Proximity to Delhi and investor-friendly policies in the state make it an attractive destination for foreign investors. As infrastructure in the National Capital Region becomes saturated, the 250 km corridor between Jaipur and Delhi is increasingly becoming a hot spot.
Jaipur emerged as a favorite among first-time investors, particularly in telecoms and IT-enabled services
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Vadodara
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Vadodara is considered as the third most rapidly emerging city, especially favored by energy investors as it is endowed with natural resources and abundant sunlight, making it attractive for renewable energy firms.
Vadodara has also started to adopt a solar rooftop concept, which is seeking attention of investors.
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Coimbatore
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This city is particularly favored for industrials, infrastructure and energy. Coimbatore is famous for cotton production, textiles and engineering goods. The city hosts two SEZs with five more in pipeline.
It has aerospace component manufacturing cluster, while there is also a plan to set up an electronics and software cluster spread across 157 acres.
The city is working towards improving its transportation networks, such as the establishment of the Bus Rapid Transit( BRT) system.
It has affordable land in its outskirts, which strengthens its investment prospects.
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Vishakhapatnam
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The Visakhapatnam-Kakinada Petroleum, Chemicals and Petrochemical Investment Region( PCPIR), which will consist of several SEZs, industrial parks, free trade and warehousing zones, as well as export oriented units, is a big boost for the energy sector investments.
The Vizag-Chennai Industrial Corridor( VCIC), India’ s first coastal corridor, is being developed in partnership with the Asian Development Bank. This will be instrumental in spurring manufacturing and enhancing connectivity with ASEAN and East Asia for trade.
The Information Technology Investment Region( ITIR) for the IT sector shall make doing business easy by processing the application within four weeks and providing seamless power supply.
The Government has set its sights on improving the maritime infrastructure in India through the Sagar Mala project.
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Aurangabad
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The city falls on the proposed Delhi-Mumbai Industrial Corridor( DMIC). It is a manufacturing hub for automotive, engineering and life sciences.
Low labor and land costs make it an attractive destination for manufacturers, while its connectivity to Pune, Nashik and Mumbai( industrial hubs) is convenient for suppliers and traders.
It is among the eight cities where the Government plans to develop electronics manufacturing clusters( EMCs). These clusters would be eligible for incentives such as refunds on capital expenditure for new units or for expansion of more than 25 % of existing capacity.
Spotlight on Indian Electronics 2016 | 133