Investing in Pune
It is home to auto majors like Bajaj Auto, Mahindra & Mahindra, Ford, Mercedes Benz, Kinetic Engineering, Tata Motors and many more. There are even few prominent automobile component manufacturers who have their plants here. As a result, there is already a pre existing support for any new automobile company which wants to set up its operations in Pune.
The giant IT parks like Hinjewadi and Magarpatta house several big IT companies namely Infosys, IBM, Accenturare, TCS, Kanbay, KPIT, AMDOCS, Congnizant and so forth. These IT parks have all the amenities and infrastructure of international standards. In fact, there are about 18 IT parks which are expected to come up in and around Pune. The technological developments have also paved way for Business Processing Outsourcing (BPA) centres. All these factors are conducive for software companies to open their offices in Pune.
Pune is known for its business friendly temperament. The existing guidelines in the industrial policy of Maharashtra Government too have contributed to the favourable economic growth of the city. There are numerous fiscal benefits and incentives for all types of small, medium and big scale enterprises. Hence an increasing number of native capitalists, NRIs and expatriates are willing to invest their funds in new projects in Pune.
The city boasts of advanced infrastructure facilities, comparable to the most developed cities of the world. The water, electricity and telecommunications services are consistent round the year. The transport network of Pune is well developed and connects the city to most of other Indian cities by air, road or rail. Its 150 km proximity to Mumbai has made it even more prominent location for trade and commerce. Pune has been recently included in the list of World Bank funded programme for renewal of mega cities. This means that the infrastructure of Pune will upgrade even further from its current level.
Skilled Human Resource
Another reason that investors put money in Pune based ventures is the availability of talented and skilled human resources. Apart from a vast pool of experienced workforce, there are number of competent and fresh talents who pass out every year from top notch educational institutions of Pune.
The cosmopolitan culture of Pune has contributed fairly well in attracting financers from all over the world. Looking at its multicultural and multiethnic community, Pune is considered as an emerging market place for research, development and launch of new products.
Influx of Tourists
Pune is a prime tourist destination due to its neighbourhood hill stations, historical attractions, urbane look and cultural events. This gives a boost to the local businesses, especially hotels and food industry.
The topography of Pune is perhaps the least acknowledged but a key contributor to the investment scenario of Pune. The city is surrounded by hills on three sides, which make the climate pleasant and moderate throughout the year. Also, there are minimal chances of the city getting affected from natural calamities.
Pune is a propitious platform for the current and potential investors. It holds a competitive edge over other cities of India as far as the investment climate is concerned.