Ernst & Young and Franchise India report pegs cities in Gujrat, Maharashtra and AP best for small businesses
27 Aug 2010
Ernst & Young and integrated franchise retail and licensing firm Franchise India have released a list of India's top 100 cities, which due to their unique positioning can potentially galvanise the growth of small business and hence make ideal locations for starting new ventures.
The report, released yesterday, Top 100 Cities for Small Business in India, identifies Gujarat, Maharashtra, and Andhra Pradesh as being relatively more proactive towards providing the fitting environment for the prolific growth of small business.
The ranking was drawn on the basis of data from two sources, government hard data and an opinion survey, a tool for timely and vital information regarding perception about various cities over varied important indicators regarding starting a small business venture.
Franchise India Research, an initiative by Franchise India, conducted the survey, which captured new data points to create an overall ranking of the cities that reflect ease in starting a business.
Gaurav Marya, president, Franchise India, said on the occasion, ''Small and medium enterprises are the backbone of the developing nation's economy and contribute about 8-9 per cent of India's GDP by providing employment to more than 40 million people in course of producing about 8,000 products. The SME's comprise 45 per cent of the industrial output in the country and contribute to about 40 per cent of India's exports.
''Through this report we are highlighting the essential pre-requisites to start a new business which includes demographic infrastructure, retail activity, regulatory, entrepreneurial ability, ease of doing business, starting a business, dealing with construction permits, employing workers, registering property, getting credit, paying taxes.''
The survey recorded samples of over 1000 surveys from 150 cities between January and May 2010. The ranking parameters were divided into 14 sections relating to 45 sub indicators.
