Bangalore joins elite World Trade Centres network

Bangalore, Aug 26: The silicon valley of India, Bangalore, is poised to make its way into the global business map as a World Trade Centre (WTC) is set to come up here and deck the skyline of the city.

The news comes as the city-based leading property developer, Brigade Group on Wednesday, Aug 25 announced that it has obtained license from World Trade Centers Association (WTCA) to classify and manage their one million square feet office tower here.

With the establishment of its very own WTC, the capital city of Karnataka will become part the elite global network of World Trade Centres located across 100 countries.

Bangalore will be the second city in India to have its very own World Trade Centre, which acts as a global hub for international business in the city, after Mumbai, which is referred to as the financial capital of the nation.

Chairman and MD of Brigade Group, M R Jaishankar said that the Bangalore WTC is expected to be operational in the first quarter of 2011.

"A World Trade Centre is a symbol of International Trade Services like trade information, global networking with WTC clubs, exhibit facilities, consulting services, administrative support, export/import assistance, teleconferencing facilities, translation/interpretation, trade mission office service," Robert J Frueh, Director of Member Services, World Trade Centres Association told media personnel.

Headquartered in New York, WTCA was established in 1970 as a non-profit and non-government organisation to promote growth of international trade by establishing WTCs throughout the world.

WTCA conducts rigorous assessment and scrutiny before handing out a WTC certification, Mr Frueh informed.

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