Mumbai’s BKC increases city profile as financial capital of Asia

Bain & Company, Boston Consulting Group (BCG) and Amazon – just some of the global businesses choosing office space in the new Bandra Kurla Complex (BKC) in Mumbai, adding to Mumbai’s reputation as Asia’s financial capital.

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Bain & Company took space in the Capital Building which has attracted large numbers of banking, insurance and consulting companies.

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Others with significant offices in BKC include India’s Reliance Industries, Canada’s CPPIB, Singapore-based GIC and Australia’s Macquarie. The rents there are some of the highest in Mumbai.

 

According to the Business Standard, BKC continues to be the most sought-after micro market for BFSI (banking, financial services, and insurance) tenants.BKC2

The Bandra Kurla area is mid-Mumbai with good access to the airport – and this massive redevelopment at BKC is becoming a hub with outstanding retail, good coffee and so much more.

Like most “new” areas in India, it has a youthful vibe – which you would expect in a country where 600 million people are under the age of 25. All of which means Mumbai will go from strength to strength.

Mumbai is a “must visit” if you are planning on business or investing in India. Big, bold, fast, a dynamic 24/7 city.

Mumbai is the financial, commercial and entertainment capital of India. It is also one of the world’s top ten centres of commerce in terms of global financial flow, generating 6.16% of India’s GDP and accounting for 25% of industrial output, 70% of maritime trade in India and 70% of capital transactions to India’s economy.

It houses the Reserve Bank of India, the Bombay Stock Exchange and the National Stock Exchange. It is also home to some of India’s premier scientific and nuclear institutes. The city also houses India’s Hindi (Bollywood) and Marathi cinema industries.

Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.

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