1. WTCA eyes a wider footprint in India

WTCA eyes a wider footprint in India

World Trade Centers Association, which has 300 centres in 90 countries, is bullish on Indian market and is looking to expand operations in the country to promote trade and investment.

By: | New Delhi | Published: May 12, 2017 12:39 AM
The association stimulates trade and investment opportunities for commercial property developers, economic development agencies, and global businesses looking to connect globally and prosper locally. (IE)

World Trade Centers Association, which has 300 centres in 90 countries, is bullish on Indian market and is looking to expand operations in the country to promote trade and investment. The association stimulates trade and investment opportunities for commercial property developers, economic development agencies, and global businesses looking to connect globally and prosper locally. It has given licenses for the development of 21 World Trade Centers in India. At present five World Trade Centers are operational at Mumbai, Bengaluru, Pune, Noida and Kochi.

“We are very excited about growth in India. The government has taken number of initiatives to propel the economic growth. These initiatives have put India amongst top investment destination across the globe,” World Trade Center Association (WTCA) CEO Scott Ferguson told reporters here.
“We are very bullish on expansion in India,” he said, adding that it would give more licenses.
On Noida World Trade Centre, Ferguson said: “It is the largest facility in the world in terms of acreage”.

Viridian Group is developing Noida facility on 44 acres, comprising 4.2 million sq ft of mixed-use development, with an investment of Rs 1,000 crore and the company has licence to 12 other such centres across India. The first phase comprising 7 lakh sq ft is already operational.

With Vivo Mobile taking up the entire 7 lakh sq ft on lease, Viridian group is targeting to develop this centre as mobile open exchange cluster (MOX).

“Looking at the way the Indian telecom market is growing, MOX is an apt solution and will surely prove to be a game changer,” said Khair Ull Nissa, Executive Director, WTC Noida.

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MOX will help in cutting operational costs and higher profitability for mobile firms on the back of efficient supply chain systems that will evolve due to the proximity of the vendors and suppliers in the cluster, she said, while inviting mobile companies to set up their units in the Noida centre.

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