Top 10 Cities in India That Can Provide a Great Breeding Ground for your Startup
Beginning your own is not a cup of tea for everyone. One has to plan everything from starting to ending with nuts and bolts. Launching a startup has always been like walking on uncharted water, one step wrong, and it could be very detrimental for your business. Among the various factors that one should take heed of, it is crucial to decide where to set up your startup's base.
People usually follow each other's footsteps; they seek the route most of the entrepreneurs took before them without realizing that many other cities are suitable for business and have plenty to offer to startups in India. Here is the list that might help you in deciding the right place to kickstart your company incorporation.
Look into these 10 major cities as given below:
It is widely known as the Silicon Valley of India. Bengaluru takes the first rank when we talk about the suitability for startups. It provides the most favorable ambiance for digitalization and trade. It is the hub of the nation's largest IT companies, such as Wipro, Infosys, and Mphasis, etc. It has also helped hands in various startups such as Ola, Flipkart, Quirk, etc.
#2. Delhi (NCR)
Expand your thinking horizon, ponder over satellite cities such as Greater Noida and Gurgaon instead of Delhi. Gurgaon is a diversified financial and industrial city and hub to the Indian corporate HQ of IBM, Bank of America, and Microsoft. It is at the forefront in the economic and industrial hub and ranked third in per capita income in India. It is believed to be one of the preferred cities for IT professionals, in addition to that Greater Noida has various giant companies. It is a great place, to begin with, with a 14% employment growth rate.
It is known as India's financial capital and widely known as a dream city for many Indians as it helps them achieve their dreams. People across the region come here to see some of them. The town provides a wide range of job opportunities that many people turn their lives around.
It is widely known as an IT hub of India. Some of the biggest and giant companies are located here, such as IBM, Microsoft, Google, so on and so forth. Hyderabad is slowly becoming a center of pharmaceuticals, with many businesses now appointing directors at incorporation.
This city is widely known for its telecommunications sector and is among the best places to start a new business in India. It offers a median salary of around Rs. 552485 lacs per annum and more than 22% of people residing here earn more than 10 lacs, which is a fascinating fact. People often settle here to begin their career in a good and energizing environment.
It is one of the significant business and commercial hubs for eastern India. Even though nowadays, people usually do not consider it a hub for business, despite its connectivity with 7 sisters, states attract many major and multinational companies to establish their companies' base.
It is the capital of Gujarat; it has also been increasing and is one of the fastest-growing cities with a rich history of entrepreneurship in India. The town has resilient and thriving chemical, textile, and pharmaceutical industries. It is also home to two of the largest pharmaceutical companies in India Torrent pharmaceuticals and Zydus Cadila.
It is known as the 'Detroit' of southern India. Also, it has a booming automotive industry. There are numerous manufacturing units of various automotive sectors such as Hyundai, MRF, and Ford, so on and so forth. Additionally, some of the best banks have their offices in Chennai, such as World Bank, RBS, etc.
If we do not include the name of Indore in the list of best cities for startups in India, then the plan is utterly incomplete. It is an industrial and commercial city in Madhya Pradesh and has robust IT and significant educational and healthcare industries and centers.
This multicultural city is the capital of Uttar Pradesh. It is the center of the governance of the state. Lucknow is the crucial name in India's best smart cities and has cemented its place in recent years. GDP-wise, it is one of India's top cities, and its ranking in one of the top 20 fastest growing job-creating cities in India is also commendable.