India most popular among global cos to expand ops

Written by PTI | New Delhi | Updated: Jan 30 2014, 09:05am hrs
India has pipped China to emerge as the most popular destination for global corporates looking to expand their operations, said a survey by property consultant CBRE. India has emerged as the most popular expansion market, said CBREs Annual European Occupier Survey, which studies the latest occupier real estate trends.

This year, over 70 corporate occupiers responded to the survey. They represented leading corporations, with banking and finance and technology and telecommunications sub-sets forming the largest groups.

When asked to identify where they intended to expand their operations, about 48 per cent named India (double of 24% in 2012-13), and 42% named China (down from 60% in 2012-13), CBRE said.

There is a significant rise in the number of corporates intending to expand into Africa, identified by a third of respondents against a fifth in 2012-13.

The survey found out that rapid population and economic growth, coupled with increasing transparency and improving infrastructure, is removing many of the traditional barriers to entry to the Indian market.