The India Brand Equity Foundation (IBEF) sheds light on the intricacies of conducting business in Nagaland, revealing key insights into the financial landscape. From land prices to labor wages, here’s a comprehensive breakdown of the costs involved:

IBEF, a trusted entity established by the Department of Commerce, Government of India delves into the financial nuances of operating businesses in Nagaland. According to industry sources, the cost of land per acre spans a wide spectrum, ranging from US$ 50,000 to US$ 200,000 in prominent cities like Kohima and Dimapur.

Additionally, prospective entrepreneurs must consider the variance in hotel expenses, with rates oscillating between US$ 15 to US$ 100 per room per night, as per information gleaned from the state tourism website.

For those seeking office space, the rental market offers options but at varying price points. A 2,000 sq. ft. area could command anywhere from US$ 100 to US$ 800 per month, while residential accommodations of similar dimensions come with a monthly price tag ranging from US$ 75 to US$ 300.

Moreover, labor costs constitute a significant portion of business expenditures. As per data from the Ministry of Labour and Employment, unskilled workers earn a minimum of US$ 1.65 per day, while skilled laborers command higher wages ranging from US$ 2.2 to US$ 2.4.

IBEF’s primary objective is to promote and elevate the “Made in India” label on a global scale. By disseminating knowledge about Indian products and services, the foundation collaborates closely with stakeholders across government and industry to facilitate international awareness and market penetration.

Mokokchung Times

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