New Delhi Tops Chart To Start A Business In India: World Bank Study

Wednesday, 30 October 2013, 11:35 Hrs
27
cmt right
29
Comment Right
53
cmt right
12
cmt right
Printer Print Email Email

Washington: It is easiest to start a business in New Delhi within India, while Hyderabad is the fastest for closing an enterprise, says a World Bank study.

On the other hand, Kolkata is the toughest place for closing a business among 17 cities, while Bengaluru requires the maximum efforts to start a company, it says.

The city-wise details are part of separate 216-page report by World Bank and International Finance Corporation (IFC) on doing business in India, which was yesterday ranked 134th globally in terms of ease of doing business.

According to the report, it requires 32 days for starting a business in New Delhi, while it takes 40 days to register a company in Bengaluru.

Besides, a total of 11 procedures (any interaction of the company founders with external parties such as government agencies, lawyers and auditors) is required to register a firm in New Delhi, while 13 procedures need to be followed in case of Bengaluru, the study said.

In terms of ease of doing business within India, New Delhi is followed by Patna, Jaipur, Hyderabad and Bhubaneshwar.

Also Read:
10 Best Indian Brands That Won Million Hearts
India Is No More the Most Preferred Business Destination


Source: PTI
next new
SPOTLIGHT
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..