Tuesday, October 22, 2013

Bangalore ranked India’s top business destination

Bangalore, known as India's silicon city, has been ranked as the country's top business destination, followed by Chennai, Mumbai and Pune in terms of infrastructure, human capital, city culture and basic quality of living. While Delhi does not figure on this list, Noida and Gurgaon from the National Capital Region have been ranked 17th and 19th respectively.
The survey, conducted by Global Initiative for Restructuring Environment and Management (GIREM) and real estate consultancy firm DTZ, also found that smaller cities like Indore (5th), Bhubaneswar (6th) and Coimbatore (7th) are competing with top metros in the race to be ideal business destinations.
The list includes a total of 21 top business destinations in the country. Ahmedabad has been ranked 8th, followed by Nagpur at 9th and Kochi at the 10th place.

The others in the list include Chandigarh at 11th place, followed by Hyderabad (12), Mangalore (13), Vadodara (14), Jaipur (15), Calicut (16), Kolkata (18), Navi Mumbai (20) and Vishakapatnam (21).

India’s top business destination
#
Cities
1
Bangalore
2
Chennai
3
Mumbai
4
Pune
5
Indore
6
Bhubaneshwar
7
Coimbatore
8
Ahmedabad
9
Nagpur
10
Kochi
11
Chandigarh
12
Hyderabad
13
Mangalore
14
Vadodara
15
Jaipur
16
Claicut
17
Noida
18
Kolkata
19
Gurgaon
20
Navi Mumbai
21
Vishakapatnam
Commenting on the findings of the report, GIREM chairman Sankey Prasad said that few of the top 21 business destinations in India are already established while others have the potential to emerge as major business destinations. He said that, the ranking provides companies across industries and sectors with insights for future investment opportunities. The ranking rated the cities based on factors such as human capital, energy, water, transport, housing, healthcare, climate, office space availability and city culture, which constitute the basic eco-socio-economic parameters critical in determining the growth of the city.





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