The state of Punjab is recognized as the hub for Small & Medium Enterprises (SMEs) due to the entrepreneurial zeal and enterprising spirit of the people living in the state. The state government is now looking at technology & innovation to drive further growth. Entrepreneurs are considered the backbone of the nation and the country needs not 10,000 but 1 million entrepreneurs to drive change.
Chandigarh, the capital of Punjab & Haryana has a good entrepreneurial eco-system which has also led the interest of the investor community. As of August 2019; there are close to 389 tech startups in Chandigarh and the city is steadily becoming a breeding ground for many successful startups. Chandigarh is also ranked the best city for Startup Beginners as per a 2018 Startup ranking report by DIPP (Department of Industrial Policy and Promotion).
The Punjab government is also taking steps to promote startups and has set itself a bullish target of facilitating 1,000 startups in the next 5 years, setting up 10 incubation centers, and promoting the spirit of entrepreneurship at the grassroots level by facilitating 50 entrepreneurship development centers in the colleges. Favorable policies with a focus on ‘Women Entrepreneurship’ are implemented where women with entrepreneurial instincts are encouraged to startup for contributing to economic growth and inclusive growth.
Major factors that make Chandigarh a powerful prospect from an investor’s perspective are:
• Top-notch infrastructure
• Immaculate urban planning
• Favorable government policies
• Growing investor & entrepreneurial eco-system
• Focus on innovation
Chandigarh has received the 7th highest FDI inflows in India and has an advantage when it comes to sectors like Hospitality, Biotechnology, Fashion, Banking and Finance, EdTech, and Healthcare.
Along with the growing startup eco-system, Chandigarh has witnessed a steady rise in the number of large-scale IT & ITES enterprises setting up shops in the city. Rajiv Gandhi Chandigarh Technology Park (RGCTP) is the largest exporter in the city that hosts close to 200+ companies. There is no shortage of quality talent due to the presence of excellent educational institutes in the state of Haryana, Punjab, and Himachal Pradesh.
As the city is gaining more traction, preventive as well as corrective actions have to be taken to make sure the urbanization does not cripple the infrastructure. Organizations do not want their employees to spend more time in the commute as it can adversely impact their productivity. The ideal way to ensure that the employee’s productivity is not hampered is by setting up an office in a location that has several connectivity options.
Aerocity in Chandigarh has immense potential to be a business hub attributing to its close proximity to Chandigarh International Airport. Most prominent institutions like Manav Rachna International School, Army Institute of Law, Chandigarh Institute of Hotel Management & Catering Technology, etc. are also located close to Aerocity.
World Trade Center Association (WTCA) is a name that you can reckon with development and business growth across the world. Since its inception, its mission has been Prosperity through trade. The WTC network comprises of office complexes in 323 cities, 88 countries, and serves over 1 million businesses. WTC Chandigarh Aerocity is all set to redefine the way businesses operate as it is located on the main crossing of Airport Road and Aerocity.
WTC Chandigarh Aerocity is close to all that matters:
• 5 minutes drive from the Chandigarh International Airport
• 5 minutes away from the Mohali Railway Station
• 15 minutes away from ISBT and City Centre
• 15 minutes away from Tribune Crossing
• 15 minutes away from Quark City
It is suitable for all types of businesses (IT, ITES, Pharmaceutical, etc.), whether the company is an early-stage startup or mid-size/large-size enterprise. Having an office in WTC Chandigarh Aerocity can open up new avenues for business growth as it has a high-profile brand name and trade events in WTC complexes can provide higher visibility and greater footfalls for your business.
The tenants of WTC Chandigarh Aerocity will also have access to the exclusive WTCA Club which is a physical or virtual networking space aimed solely at the growth of the business. MSMEs can seek advantage of the comprehensive eco-system for recruiting talent and raising capital. Apart from the WTCA Club, WTC complexes also offer Venture Accelerator Center aimed at business growth & revenue enhancement for startups & MSMEs.
WTC Chandigarh Aerocity is a lucrative investment opportunity due to its prime location and its influence on infrastructure development in the region. On average, WTC complexes offer higher rental rates and lesser vacancy rates than the market. All these factors ensure higher returns for its investors. As a project, WTC Chandigarh Aerocity can create a positive economic impact on businesses, investors, and regional communities.
The city of Chandigarh is immaculately planned with the finest infrastructure seen in Indian cities. Aerocity in Chandigarh is a premier location due to its easy accessibility to the Chandigarh International Airport, Mohali railway station, premier institutions, etc. WTC Chandigarh Aerocity is set to be a dynamic center of business activity as it is suited for businesses ranging from early-stage startups to large IT/ITES enterprises.