Follow Us:
Friday, April 10, 2020

A’bad beats Mumbai as No 1 biz city

Ahmedabad has been rated as the most favourable destination for small businesses in India...

Written by Agencies | Mumbai | Published: August 27, 2010 10:00:53 am

Ahmedabad has been rated as the most favourable destination for small businesses in India followed by Bangalore and Mumbai,according to a joint report by consultancy firm Ernst & Young (E&Y) and retail solutions provider,Franchise India.

The report titled ‘Top 100 Cities for Small Business in India’ identifies 100 cities,big and small,that have the potential to start and galvanise the growth of small businesses.

According to the report,states such as Gujarat,Maharashtra and Andhra Pradesh have been relatively more proactive towards providing the fitting stratosphere for the prolific growth of small business.

Among the top 10 cities are Ahmedabad,Bangalore,Mumbai,Hyderabad,Delhi,Chennai,Surat,Faridabad,Jaipur and Gurgaon.

“SMEs contribute about 8-9 per cent of India’s GDP. The report highlights some essential pre-requisites while starting a business like demography,infrastructure,retail activity,entrepreneurship and ease of doing business,” Franchise India’s President Gaurav Marya told reporters while launching the report here today.

The essentials included dealing with construction permits,employing workers,registering property,getting credit and paying taxes,he said.

SMEs provide employment to more than 40 million people in the course of producing about 8,000 products and comprise 45 per cent of the industrial output in the country. It also contributes to about 40 per cent of India’s exports,the report said.

The ranking,which has been done as per data derived from government and Opinion survey,puts Srinagar at the bottom of the list. The others in the bottom 10 are Jammu,Bhagalpur,Bikaner,Bareilly,Haldia,Dhanbad,Patiala,Dharbhanga and Jhansi.

The report said 64 per cent of the surveyed cities were Tier III towns which speaks volumes about the entrepreneurial skills of the emerging rural and semi-urban populace.

It also said India’s SMEs,that are growing at 35 per cent annually,are now focusing more on the services sector than the earlier sought-after manufacturing industry.

Currently,about 57 per cent of the total small and medium enterprises are captured by sectors such as retail,healthcare and education.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest News Archive News, download Indian Express App.

Advertisement
Advertisement
Advertisement
Advertisement