These are India's best cities to do business in
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A joint report by Ernst & Young (E&Y) and Franchise India -- The top 100 cities for small business in India -- lists cities, big and small, that have the best potential to start and drive the growth of small businesses.
According to the report, states such as Gujarat, Maharashtra and Andhra Pradesh have been more proactive in providing the ideal environment for the growth of small business.
Small and medium enterprises are the backbone of a nation's economy and contribute almost 8-9 per cent of India's GDP. The SME sector provides employment to more than 4 crore (40 million) people, manufacturing about 8,000 products.
The essentials for a small business hotspot include dealing with construction permits, employing workers, registering property, getting credit and paying taxes, etc, the report said.
The ranking draws its data from two sources -- government data and opinion survey.
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Image: Business drives the growth of cities.
These are India's best cities to do business in
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Gujarat, ranked as the most enterprising state, has witnessed the growth of micro, small and medium enterprises (MSMEs), product clusters and industrial estates-led growth. The state's manufacturing industry is supported by 37,312 MSMEs.
Gujarat also has 83 product clusters. Successful clusters include ceramics cluster at Morbi, brass parts cluster at Jamnagar, fish processing cluster at Veraval and powerlooms cluster at Ahmedabad. The futuristic scope of any nation lies in innovation led growth, the study says.
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Image: Hatheesing Temple in Ahmedabad.
These are India's best cities to do business in
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Bengaluru is ideal for B2B services, hand tools, auto component and hosiery sectors. It is second in the list of all cities for electrical goods and apparel manufacturing.
Metros like Delhi, Mumbai, Bengaluru and Hyderabad are excellent centres of economic activity to include small or large businesses and are naturally suited for commercial purposes, says the study.
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Image: Vidhan Soudha in Bengaluru.
These are India's best cities to do business in
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Small businesses feasible in India's commercial capital, Mumbai include machine tools, electronic goods and B2B services. Mumbai ranks 3rd among the 100 best cities to do business in.
India's SMEs, growing at 35 per cent annually, are now focussing more on the services sector than the earlier sought-after manufacturing industry, states the study.
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Image: Mumbai Clock Tower.
These are India's best cities to do business in
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Hyderabad is ideal for information technology-enabled services (ITeS), offshore services, bulk drugs, and leather tanning. It is India's fourth best city to start a business in.
Indians cities with their unique positioning can spur the growth of small business and hence are ideal for starting sustainable avenues for small businesses, states the study.
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Image: The Charminar in Hyderabad.
These are India's best cities to do business in
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Delhi is ranked second in terms of food processing. The national capital, a thriving commercial hub lags behind its peers in promoting small scale industries, says the study.
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Image: The Red Fort in Delhi.
These are India's best cities to do business in
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Small businesses like leather products, electroplating, retail, healthcare and wellness do well in Chennai. Currently, about 57 per cent of the total small and medium enterprises are captured by sectors such as retail, healthcare and education.
Chennai stands 6th in the list.
Click NEXT to read more . . .Image: Valluvar Kottam (Thiruvalluvar Monument).
These are India's best cities to do business in
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Surat is best for textile machinery, IT and retail businesses. Surat is the No.1 city for gems and jewellery and textiles business. Overall, it is the seventh best city in India to do business in.
Small businesses seek unique locations in order to sustain profitably and introduce innovation by combating the high cost of acquiring and running a business.
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Image: ISCON Mall in Surat.
These are India's best cities to do business in
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Faridabad is known for engineering goods, auto components, food and beverages and retail. The SMEs comprise 45 per cent of the industrial output in the country and contribute to about 40 per cent of India's exports.
Click NEXT to read more . . .Image: VIP Floors at Sector 81 Faridabad.
These are India's best cities to do business in
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Image: Hawa Mahal in Jaipur.
These are India's best cities to do business in
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Gurgaon is ideal for electronic goods, engineering goods, health and wellness services. It is a haven for small businesses. It is the 10th best city in India to do business in, says the report.
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Image: DLF Gateway Tower, Gurgaon.
These are India's best cities to do business in
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Pharmaceuticals
Vadodara is the best city to do business in pharmaceuticals. It is followed by Vapi, Indore, Hyderabad, Ahmedabad, Aurangabad, Mumbai, Thane and Pune.
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Image: Pharmaceuticals.
These are India's best cities to do business in
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Apparel manufacturing
Gurgoan is the best city for apparel manufacturing. It is followed by Bengaluru, Ahemdabad, Jaipur, Madurai, Nagpur, Indore, Noida, Pune, Jabalpur and Bareilly.
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Image: Apparel industry.
These are India's best cities to do business in
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Textile/Powerloom
Surat is the best city in the textiles sector. It is followed by Bengaluru, Sholapur, Varanasi, Jhansi, Nashik, Thane, Coimbatore, Amritsar, Ujjain, Panipat and Guntur.
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Image: Saree.
These are India's best cities to do business in
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Gems & Jewellery
Surat tops as the best destination in the gems & jewellery. for the , Jaipur, Ahmedabad, Trichy, Bhavnagar and Rajkot.
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Image: Jewellery.
These are India's best cities to do business in
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Electrical Goods
Gurgaon leads in the electrical goods sector. It is followed by Bengaluru, Mumbai, Noida, Pune, Faridabad, Sonipat and Hyderabad.
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Image: Electrical appliances, a lucrative sector.
These are India's best cities to do business in
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Food Processing
Vishakhapatnam is the No.1 city for the food processing sector. It is followed by Delhi, Amritsar, Indore, Kolkata, Thane, Ganghinagar, Madurai, Mysore, Rajkot and Vijaywada.
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Image: Food processing.
These are India's best cities to do business in
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Jammu is the best city for the auto component business. It is followed by Ludhiana, Ahmedabad, Delhi, Pune, Indore, Chennai and Gurgaon.
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Image: Auto components.
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