Recently, the World Bank released its ‘Doing Business Report’ for 2019. According to the findings, India had escalated 23 positions against its rank of 100 in 2017 to be placed now at 77th among the 190 countries shortlisted by the World Bank.
The rise of automobile manufacturing units and component suppliers that populate the landscape of outer Pune, particularly Pimpri-Chinchwad, Chakan and Talegaon areas have increasingly earned the label of being the ‘Detroit of India’ and it continues to draw interest and attract investments.
Khed City, one of India’s emerging Industrial cities, is located in the picturesque landscapes of Pune. It has reportedly seen rise in the number of foreign investments within a short span of time. So what makes Khed city one of the most sought after destinations for International brands? Here are 8 possible reasons foreign companies find it profitable to invest in Khed City.
Khed city is one of the sought after destinations for South Korean companies. Post the bilateral Comprehensive Economic Cooperation Agreement (CEPA) set in place with South Korea, investments in both the countries s are on the upswing. Undoubtedly, South Korea is a special strategic partner of India and the acceleration of economic ties between the two nations has led to a major expansion in investments.
India is marching towards the 21st-century smart city phenomenon at a fast pace. As government policies roll out the red carpet for foreign investments in India, the country’s bureaucracy is gearing up for a systematic and well-timed resolution of paperwork for a conducive business environment.
In the last two decades or so, Pune has seen a virtual transformation. Evolving from a charming laid-back town that offered stressed Mumbaikars a pleasant weekend getaway to a mini metro bustling with industrial activity. Pune’s industrial area has seen a major wave of change.
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