'India to grow faster than China in coming years, attract more investment'
. “India, I think, is moving forward quickly and therefore I think has a very good chance with our brand to grow faster than China," he said. Drew said more Western companies will eventually invest in India, with the country benefitting from the West's ‘China plus one’ strategy, referring to plans to avoid investing only in China and diversify businesses into other countries. “I would also like to think that it is due to the democracy (in India) and also the availability of not only cheap but educated labour," he said in an interview.
Drew added that India's rapid economic growth, coupled with surging demand for commercial infrastructure and global business connectivity has helped his organization grow during the past decade. "WTCA currently has its second largest membership cluster here in India (with 40 members) representing India’s major cities," he added. WTCA has 300 members in nearly 100 countries.
The US currently leads with the largest number of WTC licences. The WTCA's business includes stimulating trade and investment opportunities for commercial property developers, economic development agencies, and international businesses looking to connect globally and locally. India has WTC offices in Bangalore, Chennai, Mumbai, Delhi NCR, Gift City (Gandhinagar), Hyderabad, Jaipur, Kochi, Pune, and Surat with plans to open in other cities.
“Working with a democracy like India and looking at the longer-term relationships, I think this is going to be more stable than other relationships in some of the other parts of the world," Drew said. "WTCA hopes to bring forth more trade and prosperity in India at the same time also help develop a much stronger network for our Indian members worldwide," he added. During March, WTCA
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