WeWork plans India foray very soon, says founder Neumann | Reuters

NEW DELHI WeWork, a New York-based provider of shared office space, is planning to set up a business in India, founder Adam Neumann said at a conference on start-up businesses on Saturday.

    WeWork is a four-year-old company that provides shared workspaces largely to start-up companies without owning the properties itself.

    "We want to build a local business in India and hire all local management ... We will launch here soon," Neumann said.

Neumann has visited an old garment mill building in the technology city of Bangalore, which he might turn into one of the company's first shared workspace facilities in India, the Hindustan Times reported.

India, home to a large number of technology startups, wants to build on the momentum by improving the operating environment for such firms.

Prime Minister Narendra Modi is expected to unveil measures to make the country a more attractive proposition for startups when he speaks at the conference later on Saturday.

(Reporting by Himank Sharma, Writing by Suvashree Dey Choudhury; Editing by Sanjeev Miglani)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Jan 16, 2016 15:04 PM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See