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Home to Adani, Ambani etc
Wealthy and educated population
Political stability
Preference for a government that is economically Centre-right
Clean
Modi’s backing
So is Ahmedabad the second commercial capital after Mumbai? Will all law firms have major offices there soon?
1. Good Education (Manchester of the East!)
2. IT boom, meaning tech companies will shift bases to Pune/establish offices in Pune, since Mumbai & Bengaluru have already become saturated and (trigger warning!) NCR will follow in a few years
3. Most liveable city of India (cue: easy of living index) (I am aware BLR was ranked 1 in that index but, as I said, it has saturated)
4. Proposal for a separate bench of the BHC at Pune [50% of pending cases of Western Maharashtra are from Pune, source: CM Devendra Fadanvis] ( I remember a cabinet resolution in this regard was about to be passed somewhere around 2015, afaik it did not fructify, but you may never know)
5. Tier 1 & 2 firms already have bases in pune (AZB, LKS, DSK, SRL) mostly for their tax practices as of now due to ITAT, but may change.
6. Comparatively better infrastructure than Mumbai and Bengaluru. Cannot compete with Delhi as far as transport is concerned but this may change.
7. Politically & socially stable.
(Andhbhakta spotted above)
Ahmedabad is the future.
Good luck convincing investment bankers, management consultants, CFAs etc to shift to Ahmedabad, where they can’t even grab drink peacefully after slogging for 100 hour in a week. Everyone of them would rather move to Mumbai, Delhi, Bangalore and 7 other places before even considering Gujarat.
In the hell?
I have not heard of it. Maybe that tells you how unimportant it is? Or why no one will want to shift to Ahmedabad - we have not even heard of this, which is seemingly something major.
If GIFT City is such a business district, why does it look like a ghost town? Who are these commercial people there making it the commercial capital?
Dry.
Vegetarian.