Part 1: Battle of the Cities – Choosing your Business Location in India (Mumbai)
Each of India’s 29 states have their own government, regulations, courts and taxes. Rent and other costs, availability of skilled labour, government and economic incentives can also vary greatly from city to city, even within the same state so it’s important for your company to carefully consider the pros and cons of different locations.
Why Mumbai?
With a population of over 12 million, Mumbai, houses the headquarters of almost all major banks, financial institutions, insurance companies and mutual funds. For example, India’s largest stock exchange and oldest in Asia, is located in Mumbai. Bollywood, the center of India’s Hindi film and television industry is also based in the city, making it a media and entertainment hub. With so many opportunities presenting themselves at one major hub, Mumbai, is the first city we’re focusing on in our upcoming series of battle of the cities webinars. Munni Trivedi, Director at Magenta shares her experience setting up a business in Mumbai and the challenges they faced, but she also explains why Magenta chose Mumbai as the right location to launch their Indian business.
Watch our webinar for your chance to hear Munni speak about Mumbai and setting up in India and to find out if Mumbai is the right location for you.
