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Major Companies Based In Kolkata
One of the prime hub of India, not just for business but also commercial and financial services, Kolkata is the main port of communication for states of North East India. The state has recorded as much as $150 billion GDP and is an important and one of the most productive metro cities of India.
Kolkata is home to one of the second largest stock exchanges of the country – Kolkata stock exchange along with an international airport and a myriad of reputed educational institutions which supply highly skilled work force every year. It is also home to India’s as well as South Asia’s first ever metro rail service – the Kolkata Metro.
There are many old and front line banks based in Kolkata like UCO bank, Allahabad Bank, United bank of India. There are also a number of PSUs based in the state like Zoological Survey of India, Botanical Survey of India and Tea Board of India. These have headquarters in Kolkata. Kolkata is also home to oldest operating photography studio in the world – Bourne & Shepherd. Major branches of standard chartered bank are also based in Kolkata along with headquarters of many other banks and PSUs. All thanks to efforts of people in Wes Bengal, Kolkata is emerging to be India’s fastest growing economy.
Major Companies based in Kolkata
The state is home to various industrial corporations being operated by public and private sector companies. Steel, heavy engineering, mining, minerals, cement, pharmaceuticals, food processing, electronics and jute are some major operating hubs.
Kolkata hosts a wide range of business travellers all around the world centred around these industries. This is the reason why Kolkata is also a favourite not just among business travellers but also many corporate travel management companies too.
Many multinational companies like ITC Limited, CESC , Exide industries Lux, Eveready, Rupa Company, Berger paints, Birla and Britannia etc. all have their headquarters based in Kolkata. Many of the oldest public centre companies of India are also based in Kolkata like Coal India Limited, National Insurance Company, Tea Board of India, Geological Survey of India, Jute Corporation of Indi etc.
Kolkata is known to be a hub for banking services. Right now, Kolkata has headquarters of three nationalised banks – Allahabad Bank, UCO Bank and United Bank of India. It is also the headquarter of many large financial and insurance companies like Bandhan bank, Magma Fincorp etc. having said that, there is no dearth of national as well as international banks having their branch offices in Kolkata. There is no popular Indian bank which does not have a branch in Kolkata.
Ease of Doing Business in Kolkata
As per the World bank ease of doing business report, published in the year 2009, Kolkata was among top 17 cities of India. Kolkata also ranked 10th when it came to procedures of starting a business. The city follows a unique procedure of obtaining trade licenses which is available only in Kolkata. The Municipal Corporation of Kolkata also deals in processing of new trade licenses as well as their renewals.
There has been immense amount of business travellers in Kolkata, so much that there is a need for almost a second airport here. While the talks are still on, there is certainly a need of dedicated business travel solutions focussed on corporate travellers in the city.
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