| Quick summary |
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| Preferred city for incorporation of the company? |
New Delhi |
Mumbai |
Kolkata |
Ahmedabad |
Chennai |
Bengaluru |
| Most popular business sector? |
Financial Services |
Pharmaceuticals |
Agriculture |
Agro & Food Processing |
Textiles & Automobile |
IT & ITeS |
| Specific attractive Government incentives available? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| How many FTZs and EPZs available? |
2 |
25 |
7 |
18 |
36 |
26 |
| CBD monthly office rental per sq m? |
US$60 |
US$40 |
US$26 |
US$18 |
US$10 |
US$15 |
| Average monthly warehouse rental per sq m? |
US$13 |
US$8 |
US$4 |
US$4 |
US$3 |
US$3 |
| Average skilled labour monthly salary? |
US$780 |
US$700 |
US$680 |
US$675 |
US$425 |
US$750 |
| Average unskilled labour monthly salary? |
US$180 |
US$150 |
US$150 |
US$150 |
US$120 |
US$180 |
| Minimum monthly wage for local employees? |
US$156 |
US$140 |
US$136 |
US$135 |
US$84 |
US$150 |
| English spoken by what % of population? |
15% |
30% |
20% |
15% |
25% |
25% |
| Computer literacy rate? (% of population) |
63% |
55% |
45% |
47% |
45% |
55% |
| Literacy rate? (% of population) |
86% |
82% |
76% |
78% |
80% |
75% |
| Proximity of sea port to the main city? |
900km |
7km |
1.9km |
109km |
2.2km |
263km |
| Proximity of airport in kilometres to the main city? |
14Km |
3km |
12km |
11km |
19km |
8km |
| Logistical considerations |
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| Attractive State for a manufacturing business? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Attractive State for a e-business? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Attractive State for an export-oriented service business? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| CBD monthly office rental per sq m? |
US$60 |
US$40 |
US$26 |
US$18 |
US$10 |
US$15 |
| Average monthly warehouse rental per sq m? |
US$13 |
US$8 |
US$4 |
US$4 |
US$3 |
US$3 |
| Average monthly electricity prices? (per Kwh) |
US$0.014 |
US$0.015 |
US$0.021 |
US$0.017 |
US$0.013 |
US$0.017 |
| Hub for the headquarters of multi-national firms? |
Yes |
Yes |
No |
No |
Yes |
Yes |
| City airport with flights to Europe, Australia and America? |
Yes |
Yes |
No |
No |
No |
No |
| Proximity of rail in kilometres to the main city? |
3km |
4km |
3km |
2km |
3km |
4km |
| Number of international tourists? (in million) |
2.4 |
4.4 |
1.4 |
0.3 |
4.6 |
0.6 |
| Average annual inflation rate? |
4% |
4% |
5% |
5% |
3% |
4% |
| Average unemployment rate? |
3.50% |
2.30% |
4.80% |
0.80% |
2.70% |
2.90% |
| Quality of internet broadband and Wi-Fi? |
Good |
Good |
Fair |
Fair |
Fair |
Good |
| Total population? (in millions) |
18 |
121 |
91 |
60 |
77 |
61 |
| Local purchasing power (GDP per capita)? |
US$4,642 |
US$2,561 |
US$1,532 |
US$2,336 |
US$2,464 |
US$1,900 |
| Business output market size? (in US$ billions) |
US$76 |
US$295 |
US$138 |
US$149 |
US$167 |
US$120 |
| Market size relative to the economy? |
3.73% |
14.42% |
6.75% |
7.31% |
8.16% |
5.87% |
| Corporate Banking and Finance considerations |
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| Is the main city a financial services hub? |
Yes |
Yes |
No |
No |
No |
No |
| How many global banks are based in the state? |
15 |
25 |
8 |
5 |
7 |
8 |
| How many Indian banks with local branches? |
30 |
35 |
27 |
20 |
23 |
20 |
| Recommended Bank for corporate banking? |
SCB |
HSBC |
Citibank |
HDFC |
DBS |
Barclays |
| Client must travel for account opening? |
No |
No |
No |
No |
No |
No |
| Quality of bank customer services? |
Good |
Good |
Good |
Good |
Good |
Good |
| Quality of online banking services? |
Good |
Good |
Good |
Good |
Good |
Good |
| English e-banking platform available? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Does the State have a reputable financial district? |
Yes |
Yes |
No |
No |
No |
No |
| Does the State have a local Stock Exchange? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Are there Private Equity Funds/VCs in the State? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Expatriate employment considerations |
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| Average skilled labour monthly salary? |
US$780 |
US$700 |
US$680 |
US$675 |
US$425 |
US$750 |
| Average unskilled labour monthly salary? |
US$180 |
US$150 |
US$150 |
US$150 |
US$120 |
US$180 |
| Minimum monthly wage for local employees? |
US$156 |
US$140 |
US$136 |
US$135 |
US$84 |
US$150 |
| Is there a large expatriate community in the main city? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| International schools for children of expatriate employees? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| General availability of bars and restaurants? |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
| Will I find European F&B products in the supermarkets? |
Yes |
Yes |
No |
No |
Yes |
Yes |
| Mercer Survey Ranking for global cities? |
161 |
152 |
160 |
No |
150 |
No |
| Is the main city of the State safe for expatriates? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Accounting and tax considerations |
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| Monthly and quarterly tax filing required? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Business incentives offered by the state government? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Average customs duty of export products? |
6% |
| Average customs duty for imported products? |
4% |
| Local VAT rate? |
14% |
| Corporation tax rate for local companies? |
30% |
| Corporation tax rate for foreign companies? |
40% |
| Withholding tax on dividends to overseas shareholders? |
20% |
| Average pension and insurance benefits (% of salary)? |
12% |
| Mandatory labour unions? |
No |
| Minimum notice to dismiss employees? |
1 month |
| Minimum redundancy indemnity? (for tenure of 1 year) |
1 month |
| Time zone? (ahead of GMT) |
+5:30hrs |
