Top 10 Business Cities in India 2022
According to the World Bank’s Ease of Doing Business Report, India ranks 63rd out of 190 countries. Outside of the United States and China, India is the only significant underserved market. Being in the right place can provide you with access to the right talent market, suppliers, investors, and even infrastructure, as well as a suitable customer base. If you are thinking about establishing a business in India, here are the top 10 business cities in India to consider.
Mumbai is frequently referred to as India’s financial capital. With its access to capital markets, Mumbai can undoubtedly assist you in promptly obtaining the initial funding. The city is home to the headquarters of all central banks and financial institutions.
The capital of India is Delhi. While this is a well-known fact, it has direct implications for making Delhi more appealing as a business location. It also caters to excellent infrastructure.
Bangalore is also touted as India’s “Silicon Valley.” It is home to several venture capital behemoths and high-tech firms. It would help if you considered opening an office in Bangalore that focuses solely on technology to optimize your business processes.
Pune offers a one-of-a-kind opportunity for investors and operators looking to establish a presence in Mumbai. Because Pune is geographically close to Mumbai, it has access to the city’s market of investors, customers, and suppliers without incurring the high operating costs of Mumbai.
Adding to the cleanliness, Indore can be a strategic choice for technology, IT, and middle-office operations as it has easy access to national highway connectivity.
Before Bengaluru, Hyderabad was regarded as India’s IT capital. The majority of the city’s residents work in the service industries, primarily in technology, pharmaceuticals, and biotechnology. Hence, if you want to start a service business, Hyderabad is a great option.
Chennai serves as a multi-portal entry point into the South Indian market. The earlier known Madras is effective to establishing your business if you want to know whether your products and services will work in the southern part of India or not.
Nagpur is located near India’s geographic center and is one of the few cities in the country with rail access to the capitals of almost all other states. It is a prominent distribution center hub for Maharashtra because of its geographical location.
If you intend to start a business in the mining or similar fields, Kolkata should be your first choice for operations. Furthermore, it is very close to India’s jute and sugarcane industries.
Noida & Gurgaon
Gurgaon is a technology, services, and information technology hub, with major global corporations establishing a presence here. Noida, which is quite close to the city, meets the demand for talent. As a result, people prefer to live in Noida and work in Gurgaon.
Other important cities, such as Ahmedabad, Surat, Visakhapatnam, and many others, appeal to specific industries. The city you select for establishing your business will be determined by the industry you operate in, the market you wish to serve, and the need for human and startup capital. Click here to know how to get medical store license.