Guwahati is the most important trade hub in the North Eastern Region. People from neighboring towns and state migrate to this city looking for job openings in Guwahati. Many manufacturing industries are established in recent years to aid the economic development. Of late, Government has taken initiatives to boost economic activities. The city is an important contributor to the state's income. Some of the private and international banks have setup their branches in Guwahati like HDFC, AXIS, Yes Bank, HSBC, Standard Charted Bank, Overseas bank etc. Guwahati is the gateway of North East India to the IT world. Department of Information Technology, Govt of India have set up Software Technology Park at Guwahati to promote software exports from India. Various IT companies like TCS, HCL etc have set up their facilities in Guwahati. Coco Cola also has established its bottling unit in Guwahati.
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