Mumbai is an island with links to the mainland. It is the industrial center for everything from textiles to petrochemicals and handles half of India’s foreign trade. Today, it’s a busy city, the business center of an ancient civilization trying to find its position in the New World Order. So, a lot of companies look for offshore services in Mumbai, which isn’t surprising, as there are a lot of offshore companies in Mumbai.
Weather in Mumbai
Mumbai has a moderate climate, which experiences hot and humid summers, while the winters are gentle. The monsoon season in June, July, and August is rather wet. It is cooler in terms of climate when compared with its surroundings, since it lies between two lakes and is also covered with greenery. This is one of the reasons why not just offshore companies, but Maritime law firms in Mumbai picked the pace as well.
Other notable reasons
While the weather is indeed the primary reason, there are other notable reasons as well, which the table below would explain clearly.
| Category | Key Points |
| Strategic Location | West coast of India; major port & airport; ideal for global business; easy time-zone management |
| Offshore Services Expertise | Finance, IT, consulting, logistics; regulatory compliance support; cost & efficiency benefits |
| Legal Support | Reputed maritime law firms; guidance on compliance, taxation, shipping, and disputes |
| Skilled Workforce | Diverse talent in finance, engineering, and maritime; easy recruitment; competitive labor costs |
Tax incentives
Other than the above reasons, there are certain tax incentives as well that the Government offers.
| Sector/Industry | Tax Holiday/Benefits |
| Infrastructure | 10-year tax holiday for businesses that develop, operate, or maintain infrastructure projects. |
| Power | 10-year tax holiday for companies generating or distributing electricity. |
| Telecom | 5-year tax holiday for telecom services (including internet & broadband). Plus, a 30% profit deduction for 5 years within the first 10 years. |
| Industrial Parks & SEZs | 10-year tax holiday for ventures developing or operating IT parks or special economic zones. |
| Other Industries (Backwards Areas) | 5-year tax holiday for new industrial units in backward states or districts. |
Conclusion
With all these reasons, it’s obvious that there are so many offshore companies in Mumbai. At Navitera, we use Mumbai’s advantages to provide end-to-end offshore services. From project support and inspections to regulatory compliance, we cover it all. Businesses choose Mumbai not just for its location or climate, but for the expertise and reliability that we bring to every project.