Chandigarh has certainly evolved as one major region that investors are willing to target for establishing and expanding their business.
The rapidly evolving Indian business industry is all set to take the market to different levels of success, creating more job and business opportunities than ever.
The global business industry incorporates opportunities and challenges both at the same time. While some business owners crack the formula for being successful in the industry, others fail to decode the idea that leads to challenges, further leading to the failure of the brand.
While talking about the Indian business market, Chandigarh has certainly evolved as one major region that investors are willing to target for establishing and expanding their business. Often regarded as the first post-independence planned city in the country, Chandigarh holds well-defined infrastructures and efficient administrations.
The Emerging IT Park
Along with its sister cities- Mohali and Panchkula, Chandigarh is emerging as the hub for the IT sector is modern India. This popular ‘Tricity’ is a major home to some major multinational brands that are successfully contributing to the modern day India.
As the software and IT service companies already grabbing the people’s attention, young businessmen/women are expected to step into the industry, willing to set up a strong startup base in Chandigarh.
The Region’s Rich History in Entrepreneurship
Entrepreneurship and Chandigarh could be spoken about simultaneously because of the region’s long association with the entrepreneurship. For example, the Bansal’s of Flipkart belonged to Chandigarh that influenced and promoted many young entrepreneurs to chase their entrepreneurial dream.
Additionally, Chandigarh’s close proximity to Punjab, Haryana, and Himachal Pradesh attract a lot of investors from these states. Also, the availability of an increasing number of motivated and talented people are willing to try new opportunities and roles, serving as one major advantage the city beholds.
Emerging as the Education Hub
The education industry in Chandigarh has evolved drastically that has witnessed sheer acceptance and success at the regional level. The success is speaking for the city that is resulting in new educational investors invading the region for establishing an educational business.
In fact, the presence of multiple educational institutions around the city is constantly supplying effective manpower that is required to run a successful education business.
Initially, as aspiring entrepreneurs and franchisors were seen moving to cities like Delhi and Bangalore for setting up their businesses. However, the transforming Chandigarh’s eco-system is revamping things that are forcing professionals to move back to the city for setting up a building block of their business empire.
Therefore, Chandigarh holds an enormous potential of becoming the next business hub of the country. The road is perhaps not that simple that comes along with several challenges that need to be dealt with before achieving success as a brand.
Those who want to start their own business or take up franchisees can join in the FRO 2019, happening in Chandigarh on 19-20 January, to know more about the franchise business, financial advice, and business advice from the experts. Meet the investors personally and participate to change the small world of business.