Supported by the Ministry of Urban Development, GIREM has announced its decision to engage with the local authorities of an identified 17-city drive — of Emerging Business Destinations and seven Existing Business Destinations — to create a sustainable eco-system to attract investment and business.
GIREM, an industry body registered in 2012, with a clear focus to help create sustainable business eco-systems and social infrastructure through public-private partnerships, will play a proactive role in improving infrastructural issues that many businesses are grappling with.
GIREM in association with Cushman & Wakefield Research conducted a study to identify the top 10 emerging cities of India. It provides insights into the long-term business investment potential across various industries in these cities. Some of the aspects that have been taken into consideration are demographics, physical, social and real estate infrastructure, current level and scope of economic activities and government support and initiatives; all aspects that are critical in determining the growth potential of the cities. The results identified that
The top 10 emerging business destinations are Ahmedabad, Bhubaneswar, Chandigarh, Coimbatore, Jaipur, Kochi, Indore, Nagpur, Vadodara and Visakhapatnam.
The seven Existing Business Destinations include: Bangalore, Pune, Hyderabad, Chennai, Nodia, Gurgoan, and Navi-Mumbai.
Sankey Prasad, Chairman-GIREM, said, “One of the key objectives we have is to bridge the gap between the end users, developers and policy makers.” Mr. Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield said, “The emergence of tier-II and III cities is significant for the growth of the economy as it ensures continuity and rationalisation of business. These locations represent the possible growth trajectory India’s economy will follow in the next few years.”