The fascinating city of Chandigarh is one of the most interesting places of the nation. The city is a Union Territory that has a separate legislative body and serves as the capital to two different states, Punjab and Haryana.
Taking a detour to the business end of the city, Chandigarh has one of the highest gross domestic products in the country. The GDP estimated to nearly $2.2 Billion USD in 2004 and the growth rate is 8.3%, making it the richest city of the Indian subcontinent. The per capita income of the city is an astounding 67,370.
The high per capita income makes the city a luxurious option for a niche business. The people of Chandigarh cannot get over their love for cars and great food. Being the capital of both states, Chandigarh has the best of both worlds to offer.
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The city loves cars, so it is impeccable that any business in the automobile sector will bloom. You can start up your own dealership, or even auto repair or parts distribution. Machine tools, electrical appliances, and pharmaceuticals also have a stable market in Chandigarh. Chandigarh has over 2500 small anԁ medium scale units anԁ there are 15 medium units to large units, out of which 2 are in public sectors, so we can say that there are ample opportunities. Any business in IT has a possible future in Chandigarh as the IT sector of the city, Rajiv Gandhi Chandigarh Technology Park, is one of the emerging Silicon Valley of India, after Bangalore.
People also go for seasonal businesses in the city, which has quite a great prospect. Season events include the Ram-Leela event which has been going on for more than 50 years, and also the Rose festival. The season events open spots for event organizing firms and many small businesses during the event.
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