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Chris Devonshire-Ellis

Mumbai

Mumbai: With a cosmopolitan, diverse, vibrating, fast and pulsating life Mumbai is the gateway to Modern India. India’s financial, fashion and entertainment capital, the costal city is home to India’s largest and wealthiest industrialists, movie stars, financial gurus, sky scrapers, trading ports and stock exchange. As the city that never sleeps, this melting pot of cultures, languages, ethnicities and religions is also India’s highest taxpayer (33%). Home to 13 million, Mumbai accounts for 25% of India’s industrial output, 40% of maritime trade, and 70% of capital transactions. It is one of the world's top 10 centers of commerce by global financial flow, home to important financial institutions, such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India and the corporate headquarters of many Indian companies and numerous multinational corporations. Mumbai's business opportunities as well as its high standard of living attract migrants from all over India, and, in turn, make the city a potpourri of many communities and cultures. Major industries in Mumbai include, finance, textiles, IT, films, tourism, Pharmaceutical, oil and gas.



Chris Devonshire-Ellis

Chris Devonshire-Ellis, Senior Partner - International Practice

China / India / Vietnam 



An introduction to India's Special Economic Zones

To understand what India means by SEZs, we need to appreciate that they are internationally defined as being "Specified, delineated and duty free geographical region that has different economic laws from those of the country in which it is situated."




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