Future Cities: Mumbai emerges clear winner in CEO poll

NEW DELHI: It’s India Inc’s Love Story 2050. And the theme remains the same. Top corporate bosses in India are still going with Mumbai, Bangalore and Delhi as the cities of the future. The new-age wannabes such as Pune, Surat and Indore may have got their act together, but so far India Inc is not ready to buy into their script. At least not just yet.

Bangalore — India’s very own Silicon Valley — may be plagued by bad roads and terrible traffic but that hasn’t stopped the city from getting ahead of the capital Delhi to emerge as the second most futuristic city in the country. Delhi is, however, ahead of Bangalore on the list of India’s investment-friendly cities.

For corporate India, Mumbai still tops the chart of investment-friendly cities, and is positioned as India’s most futuristic city. ‘Cities of the future’ is a ranking on the basis infrastructure preparedness and getting policy in place.

According to the SundayET CEO perception poll, conducted by global market research agency Synovate, the list of top five futuristic cities also include Ahmedabad and Chennai.

The corporate honchos ranked Hyderabad and Kolkata as sixth and seventh, whereas Patna and Guwahati are perceived to be the most investor-unfriendly cities.

The perception survey, conducted between May 12 and 21, 2008, had a sample size of 150 CEOs who were chosen from ET 500 companies. The CEOs based out of Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore and Ahmedabad, belonged to diverse industry sectors such as FMCG, manufacturing, IT, telecom, financial services and auto among others.

Though experts feel that new kids on the block — Pune, Surat and Indore — have rolled out the right strategies to position themselves as cities of the future, the captains of India Inc are yet to perceive them as leading urban hubs in the decades to come. Whereas Pune is ranked as the eighth most futuristic city, Surat stands at 10th in the list of 20 cities.

Delhi chief minister Sheila Dikshit is clearly not amused by the fact that the CEOs have rated Bangalore above the national capital city in many categories including futuristic outlook, safety, education, drainage system etc.

“During the last few years, we have invested a lot in urban transport which will start paying dividends in the years to come. Also, Delhi has helped other cities such as Noida, Greater Noida and Gurgaon to grow in its periphery. For all those emerging urban hubs, Delhi has become an epicentre,” Ms Dikshit told SundayET.

Source: economictimes.indiatimes.com