Starting a business is a thrilling journey with numerous opportunities and challenges. But choosing the right city to start your business is an important decision that can affect your chances of success. Since every place has a different blend of advantages and drawbacks, you must consider varied factors before making this crucial decision. To support you in your startup journey, we will discuss here the top cities to start a business in India, including various factors like transportation options, tax laws, available facilities, expenses, and growth patterns. Exploring these factors will provide you with in-depth knowledge to seize opportunities and succeed in your business endeavors.
5 Cities to Start a Business in India
- Mumbai
When it comes to starting a business in India, Mumbai is renowned for providing access to funding, a skilled labor pool, and pre-existing infrastructure. Here, entrepreneurs can apply for a speedier loan (short or long-term) processing at the head offices of all the major banks in Mumbai.
Mumbai is home to India’s second busiest airport, Chhatrapati Shivaji International Airport, which facilitates travel and connectivity. The two main ports that facilitate the import and export of products from India are Jawaharlal Nehru Port Trust and Mumbai Port Trust.
Numerous national highways, the six-lane Mumbai-Pune Expressway, and the Bandra-Worli Sea Link Bridge connect Mumbai, offering a wealth of road transportation options.
- Bangalore
Bangalore is referred to as India’s Silicon Valley or the city of technology. With more than 5 million residents, it is the capital of Karnataka and the third-highest population in India. Bangalore is the leading exporter of information technology (IT) in India, accounting for one-third of all software exports. Cisco, Wipro, Accenture, Infosys, and others are some of the biggest tech behemoths. Bangalore is also home to an Indian space research organization.
The airport at Kempegowda International India’s fourth-busiest airport is in Bengaluru. Bangalore has access to national highways and Indian railways, allowing for the movement of people and products. These are key factors that make it an ideal city to start a business in India.
- Pune
Pune is near Mumbai and Maharashtra as well. Here, you get a rare chance to be present in Pune while still having access to Mumbai’s capital markets, clients, and suppliers. The six-lane Mumbai-Pune Expressway will enable you to be both in Pune and actively present in Mumbai.
When you decide to start a business in India, the city allows you to utilize affordable real estate because Pune’s real estate prices are not high. Bangalore, Mumbai, Goa, Hyderabad, and other important cities are all easily accessible by road from Pune. About 10 kilometers from Pune city is the Pune International Airport, which is situated near Lohegaon.
- Indore
Another city on the list is Indore. For the fourth consecutive year in 2020, Indore was named the cleanest city in India in the Government of India’s annual cleanliness survey.
Although the survey’s primary focus is cleanliness, which is a better indicator of living standards, it also highlights the government’s initiatives to make Indore a more prosperous city. Indore enjoys excellent access to national highway infrastructure due to its location on the Mumbai-Delhi corridor. Indore can be a smart location for middle-office, IT, and technology operations even if you don’t intend to put your headquarters there. Institutions such as IIM Indore are located there, and it has begun to provide competitive access to talent.
- Hyderabad
Hyderabad is emerging to become another IT hub of India. Numerous multinational tech behemoths, like Google and IBM, have set up shop in the city. The city has a lot to offer in terms of capital-rich investors and a developing talent market because of its prosperous IT culture. No doubt, it is a perfect city to start a business in India.
The population of the city has been increasing gradually, and organizations like ISB Hyderabad are meeting the need for top talent from regional companies with aspirations to expand internationally. The majority of the city’s population works in the technology, pharmaceutical, and biotech services sectors. Hyderabad should therefore be on your radar if you intend to start a services company.
That’s it for now. Hopefully, you have found this article interesting and insightful.