Tax Bonanza Turns City at India’s Dead Center Into Nation’s Warehouse
The city known as zero mile in India is finally in the right place at the right time.
Nagpur is in the dead center of the country, at the crossroads of busy road and rail corridors that bisect India east to west and north to south. Now, India is on the cusp of a sweeping tax overhaul that could turn the city of 2.4 million people into one of the nation’s biggest logistics hubs.
Known for its oranges, tiger sanctuaries, and 45-degree Celsius (108 Fahrenheit) summer heat, Nagpur has seen a groundswell of investment from retailers and warehouse companies betting that the debut of Prime Minister Narendra Modi’s national goods-and-service tax on July 1 will transform the city’s fortunes. Read more…
Tax Bonanza Turns City at India’s Dead Center Into Nation’s Warehouse
Was This Post Helpful: