First published in June 2016
Today, we present you the third state of our Manufacturing Hubs Handbook: Karnataka.
It is situated on the South-Western coast border and had 64 Million inhabitants in 2014. Its location and its 11 harbours make it favourable for product shipment to and from India. In addition, it is internationally very well connected by air. Many international companies have already discovered Karnataka as their place to be. Out of all MNC’s present in Karnataka, 66 are Global Fortune 500 companies. The state faces a high economic growth and is India’s IT hub. Other interesting facts about Karnataka as an interesting business destination are:
- It has 39 notified “SEZ”s for various industries
- A large pool of workforce is available. The University of Bangalore provides affiliation to about 500 colleges
- Wide range of fiscal and policy incentives for businesses offered by the State of Karnataka
- Facilitating infrastructure
All these factors make Karnataka a very interesting place for entering or expanding your India business. To learn more about its location parameters and its capital Bengaluru (Bangalore), click Handbook Kanataka.