According to the World Bank’s Doing Business Report 2016, India stands in 130th position across the globe. From this we can know that India is one of best places to do business. Initiatives done by Indian Government make it easier for the entrepreneurs and companies to carry out their business easily. India can be termed as business-oriented nation with the increase in foreign direct investment and buying power. Economy of the country has seen a massive growth and it is expected to grow more in the upcoming years.
As a businessmen doing business in India, you have know the perfect cities for doing business. There are about 1609 cities in India among which the best cities to do business as listed by Rediff are Bangalore, Chennai, Mumbai, Pune, Indore, Bhubaneswar, Coimbatore, Ahmadabad, Nagpur, Kochi, Chandigarh, Hyderabad, Mangalore, Vadodara, Jaipur, Kozhikode (Calicut), Noida, Kolkata, Gurgaon, Navi Mumbai and Visakhapatnam.
Let us now see the reason behind the business city listings for some of these cities:-
Bangalore is called as the Silicon Valley as it is the India’s largest IT services exporter. It is also the fourth largest fast-moving consumer goods (FMCG) market in India. According to a study by Global Initiative for Restructuring Environment and Management (GIREM), socio-economic & infrastructure factors of Bangalore has enabled it to be on the top of the listing.
Chennai is a major industrial and economic hub in South India. It is termed as Detroit of India as it has numerous automobile industries. It stands first in communication, power, banking, environment, health & safety, healthcare, human capital and getaways.
The largest metropolitan city Mumbai is the commercial and financial center of India. It has scored on the basis of good human capital, energy supply and mobility services, water supply, schools & colleges, health care service and ability to attract talent. The city also has good number of malls, multiplexes and getaways.
Pune is an eminent business location with many IT companies, manufacturing industries & automotive companies. GIREM says the city ranks high on human capital, energy, water, environment, health and safety, schools and colleges, ability to attract talent, climate, office space availability, city culture and getaways.
Indore is the largest and richest city in Madhya Pradesh which is also called as the food capital of India. It is a leading commercial center and host multi-level market for maximum goods and services. Indore scores on energy supply, human capital, water supply, mobility, schools, colleges and housing.
Bhubaneswar is emerging as a trading and commercial hub in Odisha. The city’s major sectors are administrative, information technology, education, tourism and handicrafts. It has a good culture, getaways and leads in water management and has scored slightly better in energy, environment, health and safety aspects.
Second largest city in Tamilnadu – Coimbatore is known as the textile hub and Manchester of South India as it has many cotton production and textile industries. The city scores high on water index, good human capital, ability to attract talent environment, health and safety, climate and getaways. Coimbatore ranks high on offering a good work-life balance society with schools, colleges and better housing facilities in the city.
Kochi is the financial hub and commercial capital of Kerala which has good eco-socio-economic infrastructure. It is the major online trading center in India. GIREM report says that Kochi will emerge as the new Silicon Valley of Kerala with the establishment of Smart City project by Dubai Internet City.
According to GIREM, Hyderabad has developed into a cosmopolitan industrial service centre from a traditional manufacturing city. The prominent industry in the city is the service sector. It is termed as City of Pearls and diamond trading center as pearl and diamonds are traded globally. Hyderabad scores on human capital, water management, mobility and good health care services.
Mangalore is the chief port city of Karnataka and seventh largest cargo handling port in India is the new Mangalore port. The city is famous in industrial, commercial, agricultural processing and port-related activities. Mangalore ranks high on human capital, water, environment, health and safety, schools & colleges, health care, city culture and getaways.
Jaipur is the largest city and capital of Rajasthan which is also known as the Pink city of India. It is the biggest exporter of gold, diamond and stone jewellery in Asia. Jaipur is an educational and administrative center and arts & crafts hub. The economy of the city depends on tourism, gemstone cutting, manufacturing of jewelry and luxury textiles, and information technology. Jaipur scored high on good culture, energy & water supply, housing and educational institutions.
Vishakhapatnam has emerged as a major economic destination with numerous industries and it is known as the steel city of Andhra Pradesh. It has good schools and colleges, better health care services. The city attracts large commercial investments from major public and private sector industries.
Start doing business in the top cities in India and enhance your business reach.