For a long time, Kolkata didn’t feature anywhere among the top choices for setting up or doing business in India. However, the scenario has significantly changed since those days. Now, you have ample choice of coworking spaces in Kolkata,along withadequate real estate and office space, a diverse business ecosystem, a deep pool of talent, a low cost of living, and good connectivity with other Indian and international cities.If you are still debating whether to set shop in the city or not, here are the top reasons why Kolkata can serve as the ideal home for your business.
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Cost-effective coworking spaces
The city’s real estate and traditional office space are much cheaper than many other metros. Add to this the low operational costs, and you have a win-win situation on your hands. But those looking for more can choose fully equipped coworking spaces. Whether you need a private cabin, an entire floor for your office, or a desk on an hourly/daily/weekly/monthly basis, you can have them all. The most advantageous factor is that many of the city’s top-tier coworking spaces, despite being located in a prominent location and offering all contemporary amenities, cost a fraction of their pricier counterparts in other major Indian cities.
Diverse business ecosystem
Kolkata plays host to industrial units operated by large private- and public-sector corporations, mainly in the domains of mining, heavy engineering, steel, cement, minerals, food processing, pharmaceuticals, textiles, agriculture, jute, and electronics. From Coal India to Tata Steel, Emami, Vikram Solar Limited, Big Bazaar, and Spencer’s Retail, some of the leading names in their domains, have set up shops in the City of Joy. Kolkata also hosts leading names in the IT/ITES sectors, especially in New Town and Salt Lake Sector V, like IBM, TCS, PwC, Wipro, Capgemini, Cognizant, and Accenture. Add to the mix a booming startup community, and you have a diverse economy, which is capable of withstanding downturns on the local or national level better than a singularly-focused economy. As the city has started encouraging innovation via startup incubators and accelerators, such as IIIM-CIP, IIMC, and Tata’s incubation program, TCGTBI, Neoleap, Neotec Hub, and BuzzMentr, a fertile ground has been built for companies planning to expand their business or relocate to Kolkata.
A talented population
From reputed universities and colleges like Presidency University, Jadavpur University, and the University of Calcutta to NUJS, St. Xavier’s Collegiate School, Lady Brabourne College, ISI, and IIMC, Kolkata is home to a wide range of higher educational institutions that nurture the city’s talent base. As a result, Kolkata-based businesses can tap into this diverse talent pool for interns, recruiting, and even running, sharing, developing, and testing new and unique ideas in partnership with these institutions’ research wings or accelerator programs.
Others
As the city is well-connected to other Indian cities via road, rail, and air, it facilitates the fast movement of goods and people with lower costs. For movement within the city, metro rail, buses, autos, taxis, and cabs offer sufficient choice and convenience. For global connectivity, Kolkata has an international airport and Kolkata Port with two dock systems – one at Kolkata and another at Haldia, to facilitate seaborne trade. All these reasons make Kolkata the right choice for your business.
