INDIA CAPTIVATES
7
Chandigarh
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Chandigarh was considered to be emerging mainly by the respondents from IT and IT-enabled services.
The Chandigarh Technology Park in North-East Chandigarh, the IT Park in Mohali and the Rajiv Gandhi Chandigarh Technology Park are the major attractions for TMT companies.
The State Government offers lucrative benefits for foreign investors. It recently offered 600 pre-cleared sites to foreign investors wanting to set up industrial and business units in the city. In August 2015, when delegates from South Korea visited the state, the Government offered them a plug-and-play industrial park around Chandigarh in sectors such as infrastructure, automobiles, IT and consumer electronics. This industrial park will also provide other incentives such as reduced power tariffs and investment support.
8
Nagpur
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The city is considered the second most emerging city from the business services sector. Knowledge intensive companies find Nagpur an attractive proposition due to its low infrastructure costs and the availability of talent.
Its strategic location makes it a logistics hub for India. The logistics sector is an important focus as it will act as a major leg of support to the Government’ s Make in India initiative. Abundant and cheap land makes Nagpur an attractive proposition to be developed as a multi-modal logistics hub.
The Government is considering developing more IT parks in the city.
The State Government has launched an ambitious project, the Multi-modal International Cargo Hub and Airport at Nagpur( MIHAN), which aims to make Nagpur a major transportation hub.
9
Surat
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Infrastructure sector is very optimistic about the future prospects of the city.
It has the largest diamond-cutting and polishing industry in India. The State Government has plans to expand the footprint further by building a diamond trade hub, Surat Diamond Bourse, with an investment of INR1.25t( US $ 21b).
It has fast emerged as a commercial hub in the past few years, with the Government considering connecting Surat with Mumbai through an underground tunnel with a proposed investment of INR900b( US $ 15b).
10
Nashik
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Larger companies( revenue greater than US $ 2b) are most optimistic about Nashik as an emerging city. The city is primarily known as a hub for automotive, engineering and electrical industries. Various industrial zones in the city host renowned manufacturing units.
The city enjoys the geographic advantage of being located near prime metros such as Mumbai and Pune, with good rail and road connectivity with Mumbai.
It has abundance of talent and ready infrastructure.
Spotlight on Indian Electronics 2016 | 134