MUMBAI: Ahmedabad has been rated as the most favourable destination for small businesses in India followed by Bangalore and Mumbai, according to a joint report by consultancy firm Ernst and Young (E&Y) and retail solutions provider, Franchise India. The report gave Gujarat's diamond and textile hub — Surat — the seventh rank, bringing double pleasure to Gujarati businessmen.
The report titled 'Top 100 cities for small business in India' identifies cities, big and small, that have the potential to start and galvanise the growth of small businesses. According to the report, states such as Gujarat, Maharashtra and Andhra Pradesh have been relatively more proactive towards providing the fitting stratosphere for the prolific growth of small business.
The previous edition of state government's Vibrant Gujarat Global Investment Summit in 2009 had focused on small and medium enterprises. Over 8,000 MoUs were signed by SMEs then. The upcoming summit in 2011, promoted as Davos in Action, too will have a focus on small enterprises. Besides Ahmedabad, Surat has been riding the high wave of optimism, given the spurt in demand for diamonds and textiles, both nationally and the exports markets. "SMEs contribute about 9 per cent of India's GDP. The report highlights some essential pre-requisites while starting a business like demography, infrastructure, retail activity, entrepreneurship and ease of doing business," Franchise India's president, Gaurav Marya, said while launching the report on Thursday.
The essentials were dealing with construction permits, employing workers, registering property, getting credit and paying taxes, he said.
Tags:Small Business, Top 100 Cities For Small Business India, Business Ahmedabad,business bangalore, business mumbai, business surat, India SMB, India SME, Start A Small Business,India Small Business
Source:TIMES NEWS NETWORK & AGENCIES, Aug 27, 2010, 12.03am IST TOI.
Read more: Ahmedabad No.1 among 100 cities for small biz - Ahmedabad - City - The Times of India http://timesofindia.indiatimes.com/city/ahmedabad/Ahmedabad-No1-among-100-cities-for-small-biz/articleshow/6442280.cms#ixzz0xmtvUN4t
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Showing posts with label Small Business. Show all posts
Showing posts with label Small Business. Show all posts
Friday, August 27, 2010
Friday, February 26, 2010
India Franchise Industry To Cap $ 14 Billion by 2013
The Indian franchise industry, currently pegged at $8 billion, is bound to reach $14 billion by 2013 on the back of emergence of low-cost franchises, according to Ritu Marya, director of Franchise India Holding Limited.
“In the recent times, there has been an increasing acceptance of the franchise model as a key concept for growth in most of the industries and this trend will continue,” she told mediapersons here on Thursday, adding there are currently about 150,000 registered franchisees (excluding dealers, distributors and agencies) in India.
Franchise India will be holding the 25th edition of FRO Expo 2010, an annual franchise and retail show in Hyderabad from tomorrow (February 26). Spread over two days, the show will see the participation of close to 10,000 franchisers, investors, suppliers, to-be-entrepreneurs and established brands like TTK Prestige, Kwality Walls and Gitanjali Jewels, Marya said.
“The show is designed at making the whole process of starting business simpler for the small business fraternity. We expect about 70 per cent deals between the franchisers and the to-be-entrepreneurs to materialise,” she added.
“In the recent times, there has been an increasing acceptance of the franchise model as a key concept for growth in most of the industries and this trend will continue,” she told mediapersons here on Thursday, adding there are currently about 150,000 registered franchisees (excluding dealers, distributors and agencies) in India.
Franchise India will be holding the 25th edition of FRO Expo 2010, an annual franchise and retail show in Hyderabad from tomorrow (February 26). Spread over two days, the show will see the participation of close to 10,000 franchisers, investors, suppliers, to-be-entrepreneurs and established brands like TTK Prestige, Kwality Walls and Gitanjali Jewels, Marya said.
“The show is designed at making the whole process of starting business simpler for the small business fraternity. We expect about 70 per cent deals between the franchisers and the to-be-entrepreneurs to materialise,” she added.
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