Ahmedabad has emerged as the most promising city for doing business in India, offering a long term investment potential.
According to a report by global property consultant Cushman & Wakefield on top 10 emerging business destinations in India, the capital of Gujarat outshone cities like Chandigarh, Nagpur and Coimbatore, attracting investments worth Rs 71,270 crore between 2010 till date so far.
Visakhapatnam, which was ranked second, got investments to the tune of Rs 58,180 crore with Vadodara rounding off the top three.
Investments in Visakhapatnam and Vadodara are primarily on the back of huge investments in by metals and metal processing firms.
“The emergence of tier II and III cities is significant for the growth of the country’s economy as it ensures continuity and rationalisation of business over a period of time. These emerging locations represent the possible growth trajectory India’s economy will follow in the next few years,” said Sanjay Dutt, Executive Managing Director, Cushman & Wakefield India.