The World Trade Centers Association (WTCA), which has exclusive rights to license its ‘World Trade Center’ and ‘WTC’ brands to real estate developers, businesses and communities, expects India to become its number one market in five years, overtaking the United States, said Scott Wang, vice president of WTCA, Asia Pacific.
India is set to overtake the US in hosting international trade organisation centres, with the number projected to rise from 32 to 50 in five years, while the US is expected to remain flat at 45.
“India, in terms of quantity, is the second-largest country market for us right now. The first is the United States and the third is China. In the US, the number has been quite stable and is around 40–45 for the past 10 years,” Wang said.
As India positions itself as a global manufacturing and logistics hub, WTCA is expanding the WTC brand beyond commercial real estate into free trade zones, ports, logistics hubs and industrial corridors, aligning with flagship initiatives like PM Gati Shakti, the National Logistics Policy and Make in India.
“Traditionally, we have been in commercial office space, but we are increasingly looking for areas that are not considered traditional. In addition to logistic parks, we are also looking at data centres,” the executive said.
WTC Thane will be India's first urban distribution centre, integrating warehousing, retail, office, F&B and an experience centre. With an estimated investment of Rs 800 crore, the project aims to meet the growing demand for just-in-time delivery and micro-fulfilment centres within the Mumbai Metropolitan Region.
WTCA also recently signed an agreement with Welspun One, where the latter will develop India’s first port-based WTC at Nhava Sheva in Maharashtra with an investment of over Rs 2,700 crore.
WTC AMTZ in Visakhapatnam, Andhra Pradesh, a member of the BRICS Business Council, is home to over 100 companies engaged in life-saving device innovations.
The executive said a single failed partnership in India would have little impact on the overall business.
The WTCA had terminated 13 licences held by WTC Noida and Spire Techpark Ltd in February this year, after the Enforcement Directorate, which investigates money-laundering cases, launched a probe against their promoter, Ashish Bhalla.
The New York-based association also asked WTC Noida and Spire Techpark to stop using the ‘WTC’ trademarks.
“It’s not just India. As a brand in a licensing model, we give our licensees a lot of flexibility in terms of financing operations. And if you look at other major brands, they all must deal with this. We do have quality control, but still there is a very small percentage that get into such situations. In India, of course, we are very sorry to see that happening, but we do have a policy that under certain conditions we cut off the tie,” Wang said.
India is set to overtake the US in hosting international trade organisation centres, with the number projected to rise from 32 to 50 in five years, while the US is expected to remain flat at 45.
“India, in terms of quantity, is the second-largest country market for us right now. The first is the United States and the third is China. In the US, the number has been quite stable and is around 40–45 for the past 10 years,” Wang said.
As India positions itself as a global manufacturing and logistics hub, WTCA is expanding the WTC brand beyond commercial real estate into free trade zones, ports, logistics hubs and industrial corridors, aligning with flagship initiatives like PM Gati Shakti, the National Logistics Policy and Make in India.
“Traditionally, we have been in commercial office space, but we are increasingly looking for areas that are not considered traditional. In addition to logistic parks, we are also looking at data centres,” the executive said.
WTC Thane will be India's first urban distribution centre, integrating warehousing, retail, office, F&B and an experience centre. With an estimated investment of Rs 800 crore, the project aims to meet the growing demand for just-in-time delivery and micro-fulfilment centres within the Mumbai Metropolitan Region.
WTCA also recently signed an agreement with Welspun One, where the latter will develop India’s first port-based WTC at Nhava Sheva in Maharashtra with an investment of over Rs 2,700 crore.
WTC AMTZ in Visakhapatnam, Andhra Pradesh, a member of the BRICS Business Council, is home to over 100 companies engaged in life-saving device innovations.
The executive said a single failed partnership in India would have little impact on the overall business.
The WTCA had terminated 13 licences held by WTC Noida and Spire Techpark Ltd in February this year, after the Enforcement Directorate, which investigates money-laundering cases, launched a probe against their promoter, Ashish Bhalla.
The New York-based association also asked WTC Noida and Spire Techpark to stop using the ‘WTC’ trademarks.
“It’s not just India. As a brand in a licensing model, we give our licensees a lot of flexibility in terms of financing operations. And if you look at other major brands, they all must deal with this. We do have quality control, but still there is a very small percentage that get into such situations. In India, of course, we are very sorry to see that happening, but we do have a policy that under certain conditions we cut off the tie,” Wang said.
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