Top 10 Cities for Startups in India
Puja Bhardwaj || The CEO Magazine
Starting a business is no piece of cake. You need to plan everything from start to finish properly. Launching a startup is like walking in a field of mines, you one wrong step can turn everything into ashes. Among different factors that we consider while we plan to start a business, one of the most important decisions is to decide where to set up base camp.
People generally get stuck with the place where they see most of the entrepreneurs are going without realizing that there are many other cities in India suitable for businesses and startups. This list might give you some idea where you can set up your business and take the right decision. Check this list of 10 best places to start a business in India:
The Silicon Valley of India, Bengaluru ranks first position when we talk about the city for startups. It is known as the city with the most conducive environment for trade and digitalization. It is home to the nation’s largest IT companies, like Infosys, Wipro, Mphasis and many more. It has also been the breeding ground for several startups including Flipkart, Ola, InMobi, Quikr, etc.
- Delhi NCR
Have a different view, think about satellite cities like Gurgaon (especially) and Greater Noida instead of New Delhi. The diverse financial and industrial city, Gurgaon is home to the Indian corporate headquarters of IBM, American Express, Microsoft, Bank of America and many more. It is a leading industrial and financial hub with the third-highest per capita income in India. One of the strong cities for IT professionals, Greater Noida has numerous giant companies. It is a good place to start with a 14% employment growth rate.
The financial capital of India, Mumbai is known as making dreams come true. People from different parts of the country come here to make something of them. The city has a huge number of job opportunities that many people turn their lives around.
Hyderabad is widely-known as the IT hub of India. Some of the biggest companies such as Google, Microsoft, IBM, Dell and many more dwell in this city of lakes. Hyderabad is on the way to becoming the centre for pharmaceuticals also.
Famous for its telecommunications sector, Chandigarh is an important name when we are talking about the best places to start a business in India. The median salary here is Rs. 552,485 per annum and 22% of the people here earn more than 10 lakhs. People come here to start their careers in a good and growing environment.
Kolkata is one of the major commercial and business hubs for eastern India. Although these days, people do not consider it as a place for business, yet its connectivity with seven sisters attracting a lot of major companies to set up their base.
Famous as the “Detroit” of Southern Asia, Chennai is booming in the automotive industry. There are a huge number of manufacturing units of various automotive industries like MRF, Hyundai, Ford and hence the title. Also, some of the best banks among the league of RBS, World Bank, etc have their offices in Chennai.
The capital of Gujarat, Ahmedabad is one of the fastest-growing cities in India with a strong history of entrepreneurship. The city has a thriving textile, chemical, and pharmaceutical industries and is home to two of the largest pharma companies in India – Zydus Cadila and Torrent Pharmaceuticals.
The list of best cities for startups in India is incomplete without mentioning Indore. It is a commerce and industrial city in Madhya Pradesh and has become strong now in IT and a major healthcare and education center.
The multicultural city and an important center of governance of Uttar Pradesh, Lucknow is an important name in the best smart cities in India. Lucknow is among the top cities of India by GDP and one of the top 20 fastest growing job-creating cities in India.
These are some of the best Indian cities to start your business. Hopefully, you find this article useful. Please note, these are not put in any particular order. If you wish to add any name, kindly let us know in the comment below.