Invest India — an investment facilitation joint under DPIIT — along with professional services firm JLL, has come up with a guide detailing the unique proposition of each of these industrial hotspots. The handbook, which also elaborates on the two-tier tax incentive structure from the state and Central governments, will benefit the potential investors for grounding investments in India, Bagla added.
Titled Great Places for Manufacturing in India, the guidebook illustrates India’s distinct advantages such as incentives for industries, young and growing workforce, host to global in-house centres (GICs) and global centre of excellence (GCoEs) for several manufacturing companies that provide for more robust R&D and nearly 22 million square feet of ready-built industrial space ready to be occupied in 6-8 weeks. About 1,000 global firms have been shortlisted by Invest India for investment pitches across the United States, Japan, Germany, Taiwan, France and Middle East. That apart, companies based in China, with a strong focus on exports, will be approached.