India has witnessed a huge boom of coworking and business workspaces in recent years. According to the Economic Times, coworking spaces are set to enter a new growth phase.
But coworking spaces are not just for budding entrepreneurs and freelance workers. The coworking spirit of collaboration and innovation has come to the attention of the tech giants as well. Employees from companies like Google, Microsoft, and Amazon are now allowing some of their employees to work from coworking spaces to leverage collaboration and networking.
Aside from offering space for collaboration and innovation, here are some of the reasons why business workspaces and coworking spaces are thriving in India:
1) The Rise of the Millenial Workforce
Millennials, who take up a large portion of India’s business world, want a unique type of experience in their working environment. They are more community oriented and they aren’t interested in status, but more about how an experience feels. Coworking spaces offer flexibility and mobility Indian millenials are looking for.
2) Government Support
With the launch of Startup India campaign, the Indian government is creating an environment for mass entrepreneurship and innovation. As such, the country is recording a rise of startups across different industries and verticals. Coworking spaces and incubating programs are taking advantage of this trend and providing much need support to small businesses in terms of infrastructure and technology.
3) The Affordability Factor
Coworking spaces and business workspaces are more affordable when compared to the costs involved in renting out an entire office space. They also provide infrastructure and operational support while businesses can focus on things that matter to them.
IndiQube was born out of the need to make business workspaces more affordable and provide all the resources startups need to help their businesses succeed. IndiQube was conceptualized when Rishi Das, Co-founder and Chairman, realised that the business world was full of entrepreneurs who needed to find the ideal space to grow their business, without having to worry about the everyday hassles of setting up and running a company efficiently.
So these are the 3 main reasons why business workspaces and coworking spaces are booming India.
To learn more about the benefits of working from an IndiQube business workspace, click here.