Emerging Business Hubs India City List, Reasons Update; Bhubaneswar Rajarhat, Ahmedabad, Jaipur, Kolkata and Kochi | Bhubaneswar-Rajarhat became New Business Hub of New India, not Delhi-Mumbai; Giving jobs to millions » India News
Connect with us

India News

Emerging Business Hubs India City List, Reasons Update; Bhubaneswar Rajarhat, Ahmedabad, Jaipur, Kolkata and Kochi | Bhubaneswar-Rajarhat became New Business Hub of New India, not Delhi-Mumbai; Giving jobs to millions

Published

on

  • Hindi news
  • Db original
  • Emerging Business Hubs India City List, Reasons Update; Bhubaneswar Rajarhat, Ahmedabad, Jaipur, Kolkata And Kochi

Fed up with Ads? Install Dainik Bhaskar app for news without ads

4 minutes agoAuthor: Avinash Dwivedi

  • Copy link
  • Attracting businessmen from all over the world
  • Not only small but big companies are also moving from big cities to small cities.

Sumit Gupta of Hardoi started a startup in 2014 in Noida – Audio Bridge. In five-six years, he started his business. Many multinational companies started serving. But, then Corona arrived. Everything stopped because of the lockdown. It became difficult for Sumit to stay in Noida and continue business. He returned home and started working from there. He hired only the people of Hardoi.

Sumit says that the step taken under compulsion is now giving returns. The cost is less in Hardoi than in Noida. Skilled labor is inexpensive. Local companions are working more diligently. Due to which results are being achieved. Production has also increased.

In the last eight months, many people like Sumit have had to change their base. The strictness of the lockdown prompted him to return home and do something there. Not only small, but big companies are also moving from big cities to smaller cities i.e. Tier-2 and Tier-3 cities. This trend is not new. However, it is a matter of fact that the lockdown of Kovid-19 has accelerated its pace.

It is not only about the cost here, it is also about the lifestyle. Business journalist Shishir Sinha says this is a win-win situation for both business and local people. Not only are employment opportunities being created in small cities, but the cost of companies is also decreasing. This is increasing their spending capacity and they are able to focus on increasing their business rapidly.

This trend of returning to smaller cities is not limited to Uttar Pradesh alone. The same trend has been seen from Guwahati to Imphal in the North-East and from Coimbatore to Kochi in the South. These cities of Tier-2 and Tier-3 are emerging as business hubs in New India. Cities like Aurangabad and Bhubaneswar are making their mark apart from Mumbai and Kolkata.

A Forbes study says that the start-up ecosystem in India is changing rapidly. Big cities are in trouble, while small cities are flourishing. Many market gurus say that many miracles can happen in the coming decades. The Great Middle Class of India is becoming the engine of growth of the start-up ecosystem here. It will also play its role firmly.

New identity of new India:

  • Ahmedabad Once known for the textile industry, chemical and agricultural products, this city is now the stronghold of many pharma companies including Zydus Cadila. Zydus Cadila company was in the discussion about making the coronavirus vaccine. The growing population has given tremendous growth to the construction sector here since 2010. Now skyscrapers are seen everywhere in the city.
  • Vadodara: Education hub was there, now manufacturing hub has also been created. Power transmission tools, machine tools, medicines, chemical, biotechnology, engineering, auto and defense products are being made. Vadodara holds a 35% stake in Heavy Electric Tools to be built in India. Under the National Policy on Electronics-2019, there is a target of investment of at least 7.36 lakh crore and 2.80 crore jobs. Vadodara’s role will be important in this.
  • Aurangabad- There are 5 SEZs (Special Economic Zones) in Aurangabad. There are clusters of industries associated with automobiles, medicines, aluminum and green power. It is the second fastest emerging auto and engineering hub in Maharashtra after Pune.
  • Rajarhat – This planned city of 24 Parganas district is adjacent to Kolkata. TCS, Wipro, Cognizant, IBM, Genpact, Tech Mahindra, Accenture, Philips and HCL Technology are operating here. It has good connectivity to Kolkata. The international airport is also near it.
  • Salt lake city It was established as a satellite town between 1958 and 1965 in view of the increasing population of Kolkata. It has become a big IT hub in the last 20 years. It is home to many domestic and foreign companies like TCS, Wipro, IBM. Nearly one lakh people work here. Property prices here are also very high and there has been a huge investment in real estate from across the country.
  • Kochi It is the major business hub of Kerala. Smart city is also being constructed in Kochi. Here many big companies like Cognizant have opened their offices in Muthoot Technopolis.
  • Trivandrum: The largest IT hub in Trivandrum is Technopark. Companies like Oracle, Infosys and TCS have opened offices here. Spread over 300 acres, this area employs about 45 thousand people.
  • Coimbatore: The indestructible road that runs through the city is the center of most of the city’s commercial activities. This road not only goes to the airport but also connects the main townships. The major IT center of the city is TIDEL Park near this road.
  • Indore: The city’s IT park, Crystal IT Park, has become a technology hub. Here Infosys and TCS have built their offices. In the next 5 years, this area will give jobs to 5 thousand people. There are a large number of engineering colleges in Indore, which makes it easy to hire new talented engineers.
  • Bhubaneswar: Bhubaneswar is becoming a big hub of research and technology due to having many institutes of higher education including IITs. More than 300 IT companies are here. Mindtree has built its learning center near the TCS office. This is where all their new engineers get training.

6 reasons to become new business hubs-

  • Traffic: You would think that traffic is very high in big cities. What’s new in this If you don’t see any harm in it, then you should read Richard Florida and Steven Pedigo’s ‘Stuck in Traffic’ study on the American city of Miami. It states that when the city is densely populated, new ideas stop coming. Being stuck in traffic jams also results in economic losses. Big Indian cities are also no different from Miami. Traffic jams of Delhi-NCR, Bengaluru and Mumbai are in the headlines on the coming day. In comparison, traffic jams are not a problem in small cities.
  • Pollution: Air, water and noise pollution are major reasons for migration from big cities. If ET conducted a survey, 78% of the people said that if they have to take their work to small cities, then pollution will be the first reason. How pollution has wreaked havoc in the capital of India in the last few years is not hidden from anyone.
  • Workforce: Not only big companies, but Skilled Labor working in big cities also wants to return to their home i.e. Tier-2 and Tier-3 cities. In the ET survey itself, 65% people expressed a desire to return to smaller cities. 30% of the people even said that they will move to smaller cities in the next 5 years. At the same time, 26% will shift to these small cities only for good jobs. This is to say that if the company is good, then skilled employees from small towns are not spared.
  • Real State Investment: The talk is from last year. In 2019, when the Consumer Sentiment Survey was conducted, a large number of real state investors are moving towards smaller cities. 26% of investors said that Ahmedabad, Kochi, Chandigarh, Jaipur and Nashik are the best cities for investment.
  • Educational institutions: TCS has opened offices and training centers in Indore and Bhubaneswar. There are many small and big technology institutes including IITs in both these places. In such a situation, it is easy to get fresh talent in the field of technology. Similarly, in the cities where institutions providing professional education about different sectors are located, big companies of that sector have opened their offices.
  • Government help: The state governments are also helping to start business in small cities. Most of the companies in India are in the service sector. In such a situation, their access to big companies and markets is not very difficult. During the era of Corona, more and more work has been done online, due to which companies related to construction etc. are also relying on the Internet for all other work besides production. Substantial government efforts are being made to ensure that funding, infrastructure problems do not arise for companies wanting to do business in small cities.

The fastest growth seen in these sectors in small cities-

  • IT: Online retail, cloud computing and e-commerce are the foundation of the Indian IT industry. India has become the third largest country in the world in terms of internet use. The IT sector accounted for 26% of the country’s total exports in 2011-12 itself. As of 2019, there were over 8,200 startups in the sector. Many of them are from Tier-2 and Tier-3 cities. In the last few years, 18 domestic startups have grown to $ 1 billion in revenue. Around 200 Indian IT companies have opened more than 1000 delivery centers in 80 countries. India’s share in global outsourcing was 55% in 2019-20. More and more investment is being done in this sector.
  • BPO: The north-eastern states of India have become hubs of BPO. Offering these services in East Asia. The tone of the people there speaking English like East Asian countries is helping in this. Also, opening BPO in Shillong is much cheaper than Gurugram.
  • Generic Medicines: India is the largest country in the global generic drug market. For this reason India is also called Pharmacy of the World. Pharmaceutical companies are exporting up to 50% of the world’s medicines. Companies in the UK, Netherlands and Singapore have invested in this area. Cities like Ahmedabad have benefited from this.
  • Food Processing: The government has to build 42 food parks across the country. Out of this, 21 parks have been built. Most are in small towns. Now there are many investment opportunities in food processing machines, cold storage units, contract farming.
  • Chemical Production: Recently, Asian Paints has set up the world’s largest paint manufacturing plant in Mysore by spending over 2 thousand crores. Videocon has said to set up a fiber glass plant in Bharuch, Gujarat with an investment of around Rs. 2 thousand crores. The government has launched a National Chemical Policy to promote it. The government has also approved 4 petroleum projects in Visakhapatnam in Andhra Pradesh, Dahej in Gujarat, Paradip in Odisha and Cuddalore-Nagapattinam in Tamil Nadu.
  • Car-bike companies: In 2018, India had surpassed Germany and achieved the fourth largest automobile industry position. However, again in 2019 it slipped to fifth position by a small margin. Cities like Aurangabad are new hubs of the car-bike industry. The government also aims to take the Indian automobile industry from 260 to 300 billion dollars. The manufacture and use of electric and hybrid vehicles is to be promoted in India.
  • Green Power India has set a target of achieving 40% of the total power requirement by 2030 by green power. In July, Prime Minister Narendra Modi inaugurated Asia’s largest solar energy project in Rewa, Madhya Pradesh. He also talked about making Madhya Pradesh the biggest center of solar energy. Similar big solar energy projects are also in progress in Neemuch, Shajapur, Chhatarpur and Omkareshwar. Many foreign companies are investing in these projects.

Journey from small town business to MNC

To do big business, it is sometimes advisable to move to the big city. But, if it is encouraging, nothing is difficult. Many businessmen have been successful in taking their company to the world level by starting businesses from small cities. One such company is SIS Group. Last year it became a US $ 1 billion MNC. Its head office is still in Bihar. After the 9/11 attacks in the US, the company focused on providing private security abroad. Now the company also acts as a major private security agency in countries like Singapore, Australia, New Zealand.

About the company, Chairman RK Sinha says – He always gave the most importance to his employees in starting from small town to international level. Initially people used to consider private guards as watchmen but now they get respect for the difficult work. The reason for this is professional training of these guards. Guards are recruited after a month of international level training to deal with different problems.

These new hubs of business also have some disadvantages

It is not correct to say that everything is going well with the formation of new business hubs. Journalist Shishir Sinha believes that local migration has stalled due to the formation of new business hub and it is beneficial. Rapid development in Tier-2 and Tier-3 cities brings rapid growth of opportunities, employment and infrastructure for the people. However, people’s thinking, attitudes and social structure do not change as fast. The development of a city like Gurugram is one such example. With the rapid industrial development, crime has also increased. Those who have seen films like Gurugram and Game Over can understand the fear associated with crime here.

A disadvantage is that with the increase in opportunities in such a city, property prices and population increase rapidly. Due to this, gradually the problems of Tier-1 cities arise in these cities as well. Also, second-tier tier cities do not have infrastructure like highways, airports.

Advertisement

bareilly