The survey conducted by the Associated Chambers of Commerce and Industry of India (Assocham) revealed the startling fact. They have also predicted that the status would soon rest with National Capital Region (NCR) of Noida and Gurgaon with more and more companies interested to set up shops there. The impact is not just with the IT companies but with related establishments like the lucrative business process outsourcing (BPO), knowledge process outsourcing (KPO) and IT-enabled services (ITes).
The report says that the fall from grace for Bangalore was the result of “crumbling infrastructure" and the keenness of companies to move to more "convenient and industrial-friendly centres". DS Rawat, Assocham secretary general said on this regard, “The growth explosion in Bangalore has pushed the city towards serious civic issues." He also commented on the lack of proper basic facilities like power shortages, inadequate and unreliable water supply, heavy traffic, roads and also poor sanitation facilities.
Rawat also added that both Gurgaon and Noida were surging ahead beating all odds. The survey also took inputs from close to 800 CEOs, CFOs and managing directors of both Indian and multinational companies.
The forum also revealed some interesting statistics that was conducted in five cities that they considered most efficient to operate from. According to Assocham, close to 30 per cent showed interest to move to Gurgaon, 25 per cent to Noida, 20 per cent to Chandigarh, 15 per cent to Pune and 10 per cent to Hyderabad.
Rawat mentioned, “Gurgaon's cosmopolitan culture, modern infrastructure, availability of skilled workforce and closeness to Delhi, along with industry-friendly government policies are the factors which give it an edge over Bangalore city."