5 Reasons Why Kolkata is Growing as a New Business Hub by Smart Works

Formerly known as Calcutta, Kolkata is the capital of West Bengal and is also famously known as the “City of Joy”.If Mumbai is the city that never sleeps, then Kolkata is the city that never gets tired of happiness, joy, and dreams. Today, many business enterprises are looking for managed office space for lease in Kolkata because of several fascinating factors. Kolkata has evolved in the past few decades in terms of businesses. The city earlier was packed with conventional industries like garments, leather, tea, and other small-scale manufacturers.

Nowadays, it is also recognized as one of India's IT growing hubs which has been backed up by FDI (Foreign Direct Investment). Businesses are interested in setting up and expanding in Kolkata because the city is full of colors, joy, and charm. There are several advantages and reasons for choosing Kolkata to acquire managed office space in Kolkata.

Smartworks is India's leading platform that can help you to acquire the best appropriate office space in Kolkata at a very reasonable price range with no hidden charges. Apart from Kolkata, you can acquire some great office spaces in Delhi-NCR, Mumbai, Pune, Hyderabad, Bangalore, Indore, Jaipur, and Chennai. Some of the major factors that attract business entrepreneurs to acquire managed office space in Kolkata are stated below.

1. The Second Largest City of India:

Kolkata is the second largest city of India and is home to approx. 14.9 million people. The number of citizens in the city is beneficial for the businesses to capture the major proportion of the market by delivering the best goods and services at a favorable price range. No business can sustain itself without customers and consumers, which is why it attracts most enterprises to establish or enlarge their entity in Kolkata.

2. Availability of Ports:

The City of Joy has several ports along with the port of Kolkata and the best thing about these ports is that they support International Business and Trade. This is one of the most beneficial factors for the manufacturing industries that supply semi-finished or finished goods across National and International Borders. In addition to that, Kolkata is the only northeastern city that has an International Airport. Having an operating business entity in the city has no loss for the entrepreneurs and that is why they look for flexible office spaces in Kolkata to raise revenue and profits.

3. Largest Startup Incubator in East India:

Kolkata is also known as the prominent financial and commercial center of Northeast India. One of the biggest factors behind Kolkata’s emergence as a new startup hub is the support from the West Bengal government. The Government of West Bengal never fails to support young and budding entrepreneurs by introducing and implementing new policies. The Government of West Bengal has already introduced Startup Incubation Centers that have helped several businesses to grow significantly. If it is an IT or Non-IT based startup, businesses are eligible to be a part of this startup incubation program.

4. Economic Transformation:

If compared to the other metropolitan cities of India, Kolkata is one of the best picks for entrepreneurs to start or expand businesses. Kolkata is backed by continuous funds and investments from Foreign Investors to boost the overall economy. International Trade, Logistics, and Warehousing are some of the most prominent reasons for the economic transformation of the city. Considering the economical evolution of the city, businesses should invest and acquire managed office space in Kolkata.