Before commencing business at some you need to know the various factors of that place where you are going to establish your business. You need to know the overall environment of the place. Also, it is really necessary to understand the culture of that place and the demands of customers accordingly. Indore is a place that is good for business in all aspects.
Indore is one of the fast-moving cities of Madhya Pradesh which is developing each and every day with so many new developments.
Potential with food
Indore is very much famous for food. People living here are so fond of different types of food. There are so many varieties of food already available that is why it is also known as a food capital.
Indori’s are known to be the craziest and most enthusiastic foodies in the country. There is a good scope for starting your own business in food.
There is some street food area like Sarafa, Chappan Dukan, Meghdoot chowpati, where you can explore street food. Sarafa is a place where the shops open at nine at night and close at three in the early morning.
So there is a solution for your any time craving for food. There are multiple options for food choices. There are very high rated restaurants like Sayaji hotel, Vidorra the terrace tavern, Farzi cafe, Chopstick city, Shreemaya Celebrity etc. at the same time there are low or medium rated restaurants as well.
So there are really good options for starting a business in Indore. You can open your own restaurant or anything which would really be appreciated by the customers.
Educational Facilities
There are various educational facilities available in Indore. There are a number of really good schools in Indore like The Emerald Heights International School, Standard Public School, New Digamber School, Agrawal Public School, Columbia Convent School, etc.
There are different colleges, which are government and private both. There are colleges like DAVV, IET-DAVV, MEDI-CAPS University, SAIMS- Dental college, Prestige institute of science and technology, etc.
Also, there are so many coaching institutes for different subjects and different fields. Some well-known institute is ALLEN Institute, prestige point, stalwart career institute (CAT Coaching in Indore), ZICA Institute, and many more.
Also, there are Housing prestigious institutions like IIT and IIM. And both IIT and IIM are here in the same city is to make it a melting pot of students.
Hospitals in Indore
Indore has got a really good medical background. There are so many medical colleges are there and also so many medical research institutes are there in Indore.
One of the well-known hospitals is Apollo Hospital which consists of great facilities for their patients and has all the modern facilities of treatment.
Apart from Apollo Hospital, there are a few more good hospitals like Shalby Hospital Indore, Global SNG Hospital, etc.
Job opportunities
There are so many advantages of having IT Companies in Indore. Because it has attracted so many IT giants to Indore.
Some of those IT companies are Conative IT Solutions Pvt. Ltd, Diaspark Infotech, Web Indore IT Solution, Infosys, Techware IT Solution Pvt. Ltd, etc.
In no time there would be a huge chain of IT companies that would generate thousands of job opportunities. This would also result in the migration of people from nearly all cities.
IT companies like TCS, Wipro, Infotech, CSC all these companies are very soon getting established in Indore. Which would be really beneficial and make Indore more developed.
Dynamic Nature of the Market
Indore has got a highly dynamic market. All the brands have survived here. From inexpensive local brands to international brands, everything is bought by buyers.
Even in the malls in Indore there are brands that are really expensive or some other shop in the same mall may have things with a little low-cost cost than the branded and most expensive one.
And then comes cheap rated products without any known brand but people do buy them also. So all the type of market is not only available but also accepted in Indore.
Industrial Capital Pitampur
There are a number of factories and industries in MP and this results in the easy availability of raw material for a lot of industries at reasonable rates. And Pitampura is one such place to have a good number of industries and factories.
There are a number of jobs available for so many different technical or non-technical fields and because that is an industrialist are they provide you with accommodation for living and food with a good pay amount.
Cost of living
The cost of living is quite decent in Indore as compared to the facilities provided. It has to be decent because there are not only business people living but students from different are here for their further studies so that has to be managed.
Indore costs less than a metro city with the same opportunities and facilities. Because if we compare one metro city that is Delhi and Indore, the cost of living in Indore is in total 14% less than Delhi.
Indore cost of living compared to Delhi:
Food= -9% Less
Housing= 31% Less
Clothing= 11% Less
Transportation= 26% Less
Personal care= 15% Less
Entertainment= 13% More
These prices were last updated on September 10, 2019. This comparison is based on abundant and consistent data. It is based on 3,157 prices entered by 423 different people.
Tourist Places Near Indore – Places to See Around Indore
There are so many places in Indore to hang around, go for a picnic, parties, outing, etc. some famous places for tourism are Patal Pani falls, Ralamandal wildlife sanctuary, Omkareshwar, Narmada Ghat Maheshwar, etc.
1. Patal Pani Falls- It is a famous picnic spot, opens at 6:00 am and closes at 6:00 pm. It is located near 35 km southwest of the city. Also, it has got free entry.
2. Ralamandal Wildlife Sanctuary- The place is packed with exotic species of flora and fauna. It is open for visitors from 9:00 am to 6:30 pm. The entry fees are 5 rupees per person. It is situated in Mirzapur, Indore.
3. Omkareshwar- Omkareshwar is one of the 12 Jyotirlingas in India, devoted to Lord Shiva, making it a famous religious place. Temple is open to visitors at 5:00 am to 11:00 pm. The temple sits on the island of Shivapuri or Mandhata, in the Narmada river, in the Khandwa district of Madhya Pradesh.
4. Narmada Ghat Maheshwar- it sits in Maheshwar, on the bank of river Narmada. Entry to this ghat is absolutely free. Also, there is no time limit. The Narmada Ghat affords a beautiful view of the Ahilya Fort and makes for a nice boating expedition on the waters of the river Narmada.
Conclusion
These were some of the reasons where Indore could be one of the best places to start a business. Indore is also awarded as the cleanest city for the last 3 years.
As everything nowadays is linked online and we really need a good internet connection for that. So Indore has got really good internet speed for your personal and business works to be done online.
IT companies are there, good food is there, so many restaurants hotel, party places etc. are there in a huge number and that is the reason youth come to Indore and look here in Indore for better opportunities.
