http://in.news.yahoo.com/43/20101015/838/tbs-ahmedabad-bangalore-chennai-among-wo.html
Ahmedabad, Bangalore, Chennai among world's fastest-growing cities
Fri, Oct 15 11:10 AM
Washington, Oct 15 (IANS) Three Indian cities - Ahmedabad, Bangalore and
Chennai
- have been listed among the world's fastest-growing cities by Forbes magazine.
It also called Gujarat the 'most market-oriented and business-friendly' among
Indian states.
'The urban powerhouses of the next decade aren't behemoths like New York or
Mumbai, but smaller cities like Chongqing, China; Santiago, Chile; and Austin,
Texas,' it says shifting its focus from established global centres like New
York, London, Paris, Hong Kong or Tokyo.
While 'China's bold urban diversification strategy hinges both on forging new
transportation links and nurturing businesses in interior cities,' Forbes says
'India, although not by plan, also is experiencing a boom in once relatively
obscure cities.'
'Its rising urban centers include Bangalore (home of Infosys and Wipro),
Ahmedabad (whose per-capita incomes are twice that of the rest of India) and
Chennai (which has created 100,000 jobs this year). Many of India's key
industries - auto manufacturing, software and entertainment - are establishing
themselves in these cities.'
'The growth of India and China also creates opportunity for other emerging
players, particularly in Southeast Asia by creating markets for goods and
services as well as investment capital.'
Forbes describes Ahmedabad as 'the largest metropolitan region in Gujarat,
perhaps the most market-oriented and business-friendly of Indian states.'
Noting that Gujarat's policies helped lure away the new Tata Nano plant from
West Bengal to Sanand, one of Gurajat's exurbs, it cites one Indian academic,
Sedha Menon, as comparing the state - which has developed infrastructure more
quickly than its domestic rivals - with Singapore and parts of Malaysia.
Many big players in tech and services - Goldman Sachs, Cisco, HP as well as
India-based giants like Tata - have located operations in Bangalore, notes
Forbes.
'But the city also boasts home-grown tech giants Infosys and Wipro, which each
have over 60,000 employees worldwide.'
But with Bangalore's population projected to reach 9.5 million by 2025,
'maintaining Bangalore's advantage over smaller, less congested cities could
prove a challenge,' it says.
Chennai, projected to reach a population of 10 million by 2025, 'has so far
this
year created over 100,000 jobs - more than any other Indian city outside of the
much larger Delhi and Mumbai,' Forbes says.
'Chennai's metropolitan area is taking full advantage of India's soaring
industrial sector, particularly the booming automobile sector. Electronics, led
by Dell, Nokia, Motorola, Samsung, Siemens, Sony and Foxconn, are also booming.
Chennai is home to India's second-largest entertainment industry, behind
Mumbai.'
Ur's
M.K.
"making impossible possible"
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