Skip to main content

Ahmedabad doesn't figure in list of "most attractive cities" in Ernst & Young survey of 502 influential persons

By Our Representative
Latest survey by top international consultants Ernst & Young, “EY’s attractiveness survey: India 2014 – Enabling the prospects”, based on interview with 502 representatives of international and local opinion leaders and decision-makers, has said that 51.2 per cent of the global investors say that Mumbai is the “most attractive” city of India, followed by Bengaluru (37.8 per cent), New Delhi (37.4 per cent), Chennai (14.6 per cent), Pune (13.1 per cent) and Chandigarh (10.7 per cent). Significantly, the EY survey does not find Ahmedabad in the company of these “most attractive cities”.
The survey underlines, “When asked about the most attractive investment destinations in India, Chandigarh was the only non-metropolitan city named by respondents.” As for Ahmedabad, the FY survey finds, 20.7 per cent of the investors find it the best “emerging city” which has potential for growth – but is still not “attractive” enough where investments could be made. The cities that follow Ahmedabad are Jaipur 8.9 per cent, Coimbatore 6.1 per cent, Surat 5.9 per cent, Kochi 5.8 per cent, and Aurangabad 4.4 per cent.
Further, Ahmedabad does not figure in the report among the top six cities attracting foreign direct investment (FDI) between 2007 and 2012 either. The highest investment was attracted by New Delhi ($29.9 billion), followed by Chennai $25.1 billion, Bengaluru $24.5 billion, Mumbai $15.3 billion, Pune $11.1 billion and Hyderabad $ 10.8 billion.
Released in early January, the EY’s attractiveness survey claims to be “widely recognized” by its “clients, investors, the media and major public stakeholders as a key source of insight on FDI.” The survey, it points out, examines “the attractiveness of a particular region or country as an investment destination”, and is “designed to help businesses to make investment decisions and governments to remove barriers to future growth.” 
EY says, “Actual FDI performance and our survey results both show that metropolitan cities, such as Mumbai, Bengaluru, the National Capital Region (NCR), Chennai and Pune, remain key attractions.” As for the non-metropolitan cities, it adds, “there is a significant awareness gap” about rest of the cities, including Ahmedabad, which is considered as the most “preferred choice in emerging cities, followed by Jaipur, Coimbatore and Surat”.
EY says, “63 per cent of projects initiated in 2012 were in metropolitan areas — New Delhi, Bengaluru, Mumbai, Chennai and Pune.” Giving a few examples, the survey underlines, logistics, distribution and transportation industry has attracted “significant investor” attention in the past few years. “While capital investment increased from US$1.1b to US$2.6b”, and “the US and Germany are the top two investors in the sector”, Maharashtra was “the favorite destination for logistics projects.”
Pointing out that “India’s education sector is still developing”, and “it requires as much attention and investment from private and foreign players as it does from the government”, the survey emphasizes, “Between 2011 and 2012, the number of projects in education and training increased from 17 to 26, while capital investment decreased from US$246.8m to US$206.8m (INR13.3b to INR11.1b).8 The US is the top investor and Bengaluru, Mumbai and Pune are the top destinations for education projects”.
“When asked about the most attractive investment destinations in India, Chandigarh was the only non-metropolitan city named by respondents”., EY says, advising the Government of India, “To sustain its economic development, it is critical that India builds awareness of these cities. Benefiting from differential factors such as large catchment areas, low attrition, cost arbitrage and the availability of a fresh talent pool, they can become destinations of choice for setting up R&D, TMT or outsourcing centers.”

Comments

Unknown said…
Good to hear that Hyderabad is among top places to Invest in Projects...Need to Improve to meet expectations of People

TRENDING

'Enough evidence' in Indian tradition to support legal basis for same-sex marriage

By Iyce Malhotra, Joseph Mathai, Sandeep Chachra*  The ongoing hearing in the Supreme Court on same-sex marriage provides space for much-needed conversations on issues that have hitherto remained “invisible” or engaged with patriarchal locker room humour. We must recognize that people with diverse sexualities and complex gender identities have faced discrimination, stigma and decades of oppression. Their issues have mainly remained buried in dominant social discourse, and many view them with deep insecurities.

Savarkar 'criminally betrayed' Netaji and his INA by siding with the British rulers

By Shamsul Islam* RSS-BJP rulers of India have been trying to show off as great fans of Netaji. But Indians must know what role ideological parents of today's RSS/BJP played against Netaji and Indian National Army (INA). The Hindu Mahasabha and RSS which always had prominent lawyers on their rolls made no attempt to defend the INA accused at Red Fort trials.

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Our Representative Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

Victim of communal violence, Christians in Manipur want Church leadership to speak up

By Fr Cedric Prakash SJ*  The first eleven days of May 2023 have, in many ways, been a defining period of Indian history! Plenty has happened in a rapid-fire stream of events. Ironically, each one of them are indicators of how crimes and the criminalisation of society has become the ‘new norm’; these include, the May Day rallies with a focus on the four labour codes which are patently against the rights of workers; the U S Commission on International Religious Freedom (USCIRF) released its Annual Report on 1 May stating that conditions for religious freedom in India “continued to worsen in 2022”; the continued protest by the Indian women wrestlers at Jantar Mantar for the expulsion of the chief of the Indian Wrestlers Federation on very serious allegations; the Elections in Karnataka on 10 May (with communalism and corruption as the mainstay); the release of the fake, derogative and insensitive film ‘The Kerala Story’; the release of World Free Press Index on 3 May which places India

Delhi HC rules in favour of retired Air Force officer 'overcharged' for Covid treatment

By Rosamma Thomas*  In a decision of May 22, 2023, the Delhi High Court ruled in favour of petitioner Group Captain Suresh Khanna who was under treatment at CK Birla Hospital, Gurugram, between April 28 and May 5, 2021, for a period of eight days, for Covid-19 pneumonia. The petitioner had to pay Rs 3,55,286 as treatment costs, but the Ex-Servicemen Contributory Health Scheme (ECHS) only reimbursed him for Rs 1,83,748, on the basis of government-approved rates. 

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Unlike other revolutionaries, Hindutva icon wrote 5 mercy petitions to British masters

By Shamsul Islam*  The Hindutva icon VD Savarkar of the RSS-BJP rulers of India submitted not one, two,or three but five mercy petitions to the British masters! Savarkarites argue: “There are no evidences to prove that Savarkar collaborated with the British for his release from jail. In fact, his appeal for release was a ruse. He was well aware of the political developments outside and wanted to be part of it. So he kept requesting for his release. But the British authorities did not trust him a bit” (YD Phadke, ‘A complex Hero’, "The Indian Expres"s, August 31, 2004)

India joining US sponsored trade pillar to hurt Indian farmers, 'promote' GM seeds, food

Counterview Desk  As many as 32 civil society organisations (CSOs), in a letter to Union Commerce Minister Piyush Goyal on the Indo-Pacific Economic Framework (IPEF) and India joining the trade pillar, have said that its provisions will allow the US to ensure a more favourable regulatory regime “for enhancing its exports of genetically modified (GM) seeds and GM food”, underlining, it will “significantly hurt the livelihoods of Indian farmers.”

Polygamy in India "down" in 45 yrs: Muslims' from 5.7 to 2.55%, Hindus' 5.8 to 1.77%, "common" in SCs, STs

By Rajiv Shah Amidst All India Muslim Personal Law Board (AIMPLB) justifying polygamy, saying it “meets social and moral needs and the provision for it stems from concern and sympathy for women”, facts suggest the the practice is down from 5.7 per cent of Muslim families in 1961 to 2.55 per cent in 2006.

Modi govt 'wholly untrustworthy' on Covid data, censored criticism on pandemic: Lancet

By Rajiv Shah   One of the world’s most prestigious health journals, brought out from England, has sharply criticised the Narendra Modi government for being “wholly untrustworthy on Covid-19 health data”, stating, the “official government figures place deaths at more than 530 000, while WHO excess death estimates for 2020 and 2021 are near 4·7 million.”