Other BriefingsSurvey: Bangalore on the Rise
Oct. 24 – In a recent survey conducted by the Global Initiative for Restructuring Environment and Management (GIREM) and real estate consultancy firm DTZ, Bangalore has been ranked as India’s top business destination in terms of infrastructure, human capital, city culture and basic quality of living.
The survey includes a list of the 21 top business destinations throughout India, with Chennai (2), Mumbai (3), Pune (4), Indore (5th), Bhubaneswar (6), Coimbatore (7), Ahmedabad (8), Nagpur (9) and Kochi (10) rounding out the top 10.
Commenting on the findings of the report, GIREM Chairman Sankey Prasad noted that a few of the top 21 business destinations in India are already relatively established and that others are emerging cities ripe with potential to emerge as major business destinations.
Prasad also added that the ranking – which rated the cities based on factors such as human capital, energy, water, transport, housing, healthcare, climate, office space availability and city culture – will “[provide] companies across industries and sectors with insights for future investment opportunities.”
In addition, DTZ Chief Executive Anshul Jain said: “With the [metropolises] already bursting at their seams, it is important to have options that are fresh for investments and conducive for business operations.”
“In order to relieve the burden on the established metro cities, it becomes all the more important to encourage the Tier II cities to grow up to their potential so as to meet a twin objective of de-congesting metros and nurturing talent in Tier II cities,” Jain further noted.
In addition, according to global HR consultancy Mercer, Bangalore has emerged as the best city to live in India in terms of overall quality of living. In Mercer’s 2012 Quality of Living Index, Bangalore (139) ranked higher than New Delhi (143), Mumbai (146), Chennai (150) and Kolkata (151) in overall quality of living.
Conversely, Mumbai (134) was ranked highest among Indian cities in terms of city infrastructure followed by Kolkata (141), New Delhi (153), Chennai (168) and Bangalore (170) in Mercer’s survey.
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