Since the renaissance of Bengali culture in the 1900s, Kolkata which is also referred to as Calcutta continues to be India’s cultural and intellectual capital. With a rich history of combined culture developing since the days of the British Conquest, the city is a dynamic blend of possibilities. But in contrast to other major Indian cities i.e New Delhi and Mumbai, Kolkata symbolizes the human ingenuity incorporated in transforming an archaic infrastructure. The Kolkata – Kanyakumari economic corridor and the Kolkata - Delhi - Amritsar industrial corridor (ADKIC) are projects that will certainly aid this process. Such ventures attract new businesses to the city and increase the overall ease of making investments.
Here is a list of other factors that make Kolkata a worthwhile investment destination:
- Connectivity to nearby areas:
Besides having an efficient transit system facilitated by the metro, buses, and trams, Kolkata also has long-distance railway stations. This aids in ferrying individuals from various other cities across India. With an International Airport also a part of the city’s infrastructure, it becomes the only one of its kind in Eastern India.
- The advent of new industries:
The growth that India has experienced over the years sprouted new IT Hubs, real estate, hotels, and financial zones in Kolkata. ITC LTD, National Insurance Company, and Britannia Industries are some major companies based out of the city. Such conglomerates create a demand for infrastructure that can sustain the correct working environment. DLF IT SEZ Kolkata is an established IT hub with modern amenities of 24-hour power backup and three-tier security. The concept of an Ipark has been diversified by DLF in Kolkata through their years of experience in residential and office spaces.
- Modern localities in Central Kolkata:
Close to the IT Park in Kolkata, housing projects have been established for the convenience of employees in IT firms as well as promote jobs in the district. The two planned townships, the new town, and Salt Lake City represent the true potential that the city can live up to. Having expert healthcare centers nearby makes such housing properties an eye-catcher for real estate agents. It has been known for many years as an ideal area to invest, buy or rent properties.
With an overflow of individuals, areas such as Maheshbathan, Rajarhat, and Park Circus Connector (EM Bypass) have also been developed to be a part of the real estate foray.
- An expanding economic profile:
Kolkata being one of the biggest contributors to West Bengal’s GDP has made its name as a trading hub. Producing some of the largest amounts of potatoes and rice in India, the state has a variety of avenues that invite commerce. Few of these avenues are textiles, leather, agriculture, Information Technology (IT), and tourism. Due to its location, Kolkata has successfully become a key warehousing and logistics expert with investment deals worth millions of dollars being deliberated upon. The city also houses the second biggest stock exchange in India i.e The Calcutta Stock Exchange, which is a hundred-year-old institution.
- Ease of Business:
Ranked 10th in India on ease of doing business, West Bengal and its best performing city, Kolkata is alternate options to Delhi and Mumbai. Not only is it easier to start a business in Kolkata but it is also cheaper when compared to other cities. This has been well received by foreign investment entities as 2018’s FDI funding jumped to $1.2 billion from $218 million in 2017. Other companies such as Phillips India, Tata Steel, DLF, and Birla Corporation have also set ventures in the city. The World Bank is expected to invest $300 million to develop logistics infrastructure.
Such factors are vital for the growth of any major city and decide the future of commerce as well as society. The uniqueness that enshrines Kolkata is what will make this city a different kind of success and one that can sustain other models as well.
Office spaces in Kolkata have also transformed over the ages depending on the era, nature of industry and the pace of doing business.
Rising industrialisation and the investments of multinational IT corporations has indeed added multi-dimensional elements to the working ecosystem of the city.
Furthermore, aspects like liberalisation, privatisation and globalisation have accelerated the rate of growth and brought it at par with other urban hubs across India and in some cases, the world.
Such a drastic change also prompted the real estate market to adjust or in some cases completely transform the way of existing operations.
This is because of scattered population densities with intense clusters at its core and smaller pockets across the periphery.
Not only are property rates cheaper on the outskirts but they are less cluttered and offer some peace in life.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
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The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
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