There are approximately 40,000 multinational corporations
world wide and approximately 250,000 overseas collaborations having
cross-territory operations. Globalization has given entrance to
markets by means of technology and with superior communications
and management technologies available, more and more companies are
able to capitalize on the increasing international trade flow.
Today, as every multinational corporation is striving to expand
itself and to increase its markets and brand presence, India undoubtedly
remains a sought after destination. India has not only proven its
potential as a global business center but it has also sustained
sporadic recession trends in Asia. All major Asian countries and
particularly India stands as the most attractive foreign direct
investment region with additional benefits for companies like reduced
labor, materials or overall operation costs. Also the improvisation
in internet and other telecommunications technology, and liberalization
in international trade laws and treaties have resulted in accelerated
globalization which has made every prominent company to consider
exploring Asian and especially Indian market.
The fact file of India in international trade is truly amazing
India stands as the world's largest democracy with over one billion
people creating a pool of market potential and resources.
India is also the 10th largest global economy with a strong and
sustained GDP growth.
India also provides attractive and diverse market for almost every
product and service. Easier access to capital is also a strong feature
of Indian market.
According to Goldman Sachs report on BRIC countries (2003) India
is positioned to have the highest growth rate of more than 5% in
the next 50 years.
Even currently with 43rd position in the World Economic Forum's
Global Competitiveness Index rankings for 2006-07, India is ahead
of all BRIC countries.
Another reason why scope for international trade in India is so
promising is the positive change in Indian Governmental Policies,
widening Indian Market and Demographics and accelerated Indian Economic
To this booming economy which is to benefit both Indian and global
market FranTech WTC-3G will provide the right platform for a sustained
and all round development.Unlike any other region every Indian city
has immense potential to develop into a global business center.
However some Key Indian cities are already well equipped for the
FranTech WTC-3G India project.
India being diverse in its resources, every city has a scope for
multiple business sectors to thrive simultaneously. And that's why
India has been such a strong member of the International Trade community.
As much as India as country every major city here has a promising
potential for holding and exploring a platform like
Following the hugely successful WTC centers of Taipei, Hong Kong,
Shanghai, Seoul and many others in Asian region,
FranTech WTC-3G India centers will be positioned to create an impact
in Asia and its economy.
For bringing FranTech WTC-3G to India, FranTech seeks potential
companies that are interested and qualified to hold
FranTech WTC-3G licenses.
For the first phase of FranTech WTC-3G India project all metro
cities as well as upcoming business centers have been nominated.
Below are the profiles of Indian cities nominated for FranTech WTC-3G