Doing Business In Mumbai - Destinations For The Cheapest Business Flights

An estimated of 21 million makes Mumbai the largest city in India and one of the largest cities in the world

. This large city which is the capital of Maharashta state also accounts for about 1% of Indias population thus playing a major role in the countrys economy. As a matter of fact, an estimated 40% of Indias taxes come from Mumbai. Its role in Indias economy is reflected in the number of households that have an annual income that is in excess of 100, 000 Rupees. Mumbai also functions as one of the preeminent port cities in India and one of the ideal destinations for the cheapest business flights.

If you have any intention of investing in India and specifically, this thriving city, take note that Mumbais economy which used to be based primarily on manufacturing has been experiencing a shift. The engineering and textile products manufacturing industry hitherto dominated the citys economy. The shift has however been towards finance and commerce services with incursions been made into related industries like banking, finance and insurance as well as trade and tourism. Other areas been actively delved into include media and entertainment as well as hospitality. The airline industry is well developed and guarantees you of cheap flights to Mumbai and the opportunity to compare cheap flights. Meanwhile infrastructural investments are also been made in areas of roadways as well as the chemical and petroleum sectors.

Amongst the various industries, the highest value added per employee is offered by the companies in the chemical products and basic chemical industry. On the opposite end of that spectrum sits the cotton textiles industry. As a matter of fact, major industries such as petrochemicals, engineering, pharmaceuticals and cotton textiles employ about a third of the citys population. Out of the 500 top companies in India, Mumbai plays host to more than a third (200) as they have their headquarters sited in the city.

In the transportation sector, an estimated 38% of the entire countrys international air passenger traffic is handled by Mumbai with about 300 flights operated by the 45 the airlines flying in and out of the city daily. This easily makes citys airport the busiest in the India also accounting for 40% of the entire countrys international cargo traffic.

Mumbai is also seen and portrayed as the most cosmopolitan city in India more so with the presence of the famous Bollywood, the icon of the nations entertainment industry. In fact, Mumbai as host city of the acclaimed Bollywood, Indias equivalent of Americas Hollywood makes the highest number of movies in the world.

There is no lack of entrepreneur dynasties in the city either. It is virtually impossible to talk about business in India without mentioning names Tata, one of the biggest conglomerates in India and the newly developed economies. These names have their roots in India. Another name is Dhirubhai Ambani who is tied closely with the city of Mumbai and grew from humble beginnings to become a successful industrialist with investments in diverse industries.

Indias foreign trade is handled mainly by Mumbai which has two ports. This has made it possible for it to get a lions share of the countrys foreign trade tonnage.

by: Leura Zones

POST COMMENT

Very best Penny Stocks - Commit in the Proper Penny Shares to Make Cash Social Media Optimization- Socialize Your Business Small Business Online Accounting The Business VoIP Solution Earn Cash Blogging - Operating a Blog As a Organization Doing Business in Japan - The Challenges Benefits of Doing Business in India £25000 unsecured personal loans – Get Fast Cash Assistance Benefits of Doing Business in Singapore Starting a Wholesale Business From Scratch In 2010 - Crazy Why the Post Office is Becoming Obsolete for Businesses We took the big step and started our online home business the proper and safe way Online Shopping With Cash Back Rebates, Online Coupons & Promotional Codes