Flexible Office Concepts Gain Traction in India
To set up its presence in India, China‘s e-commerce firm Alibaba rented 30 seats in a flexible office in Bangalore. The deal for the dedicated seats or private studios is with co-working community venture CoWrks one of the largest commercial real estate developers in the country.
, CEO at CoWrks, said many corporations have been rethinking their real estate strategy to now include working out of CoWrks. Bangalore
-based data tracking firm Tracxn
says that currently there are 61 sites where co-working spaces are available in India of which 16 were set up last year. Start-ups and e-commerce firms opt for such spaces to keep overheads low
, reports the Economic Times
Posted on March 29th, 2017
by Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation.
Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject.
He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.