India Market Watch: Harley-Davidson Targeting Tier-II Cities, Uttar Pradesh Wins Bollywood’s Bucks
Startups in Delhi winning in race for investors
According to data collected by LetsVenture, startups in the Delhi National Capital Region (NCR) – which includes the capital Delhi and its satellites Gurgaon and Noida – have closed more investment deals over the past year than their counterparts in Bangalore. According to the data, 328 startups in the NCR received investments, in comparison to only 261 in Bangalore. However, the investments in the NCR totaled US$2.50 billion, in contrast to the US$2.52 billion that startups in Bangalore received.
Although Bangalore has long stood as the startup capital of India, Delhi has become increasingly competitive because of its investment ecosystem. Delhi hosts a number of leading higher education facilities, is in close proximity to the political capital of the country, and a high number of investment firms maintain their offices in Delhi.
Harley-Davidson targets Tier-II cities for growth
Harley-Davidson India, a wholly-owned subsidiary of the US motorcycle manufacturer, has announced plans to expand into Tier-II cities in India. A spokesperson for the subsidiary said the company was enjoying most of its sales in 26 showrooms across major cities like Delhi, Mumbai and Bangalore, but that the company intended to build at least four dealerships in Tier II cities during 2017.
The spokesperson said that the company currently holds an estimated 60 percent of the superbike market, a component of the automotive industry, after establishing itself in Gurgaon (Haryana state) in 2009. Two years later, Harley-Davidson set up an assembly unit in Bawana, Haryana – the first assembly unit the company had constructed outside of the US.
Uttar Pradesh wins Bollywood’s bucks
Uttar Pradesh’s Film Development Council (FDC) reports that an estimated 180 filmmakers have applied to shoot in the state after its government introduced a number of business friendly measures. In October 2015, Chief Minister Akhilesh Yadav introduced an online portal, single-window clearance system, and a variety of subsidies to encourage the film industry to make films in the state.
Although many provincial governments across the world use these kind of incentive schemes to incentivize film production, domestic media reports claim that Uttar Pradesh is the only state in India with such a comprehensive policy. Arunachal Pradesh and Meghalaya, the two northeastern states, are reportedly developing a similar approach to the film industry.
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