Quick summary | | | | | | |
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 | | | | | | |
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 | | | | | | |
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 | | | | | | |
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 | | | | | | |
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 |