New Delhi, July 14, 2014 : Tamil Nadu and Gujarat have emerged as the most preferred destinations for those looking to start a business as these states offer the best incentives and most conducive investment policies, a survey has found. The survey is the first-ever nationwide poll of micro, small and medium industries which was conducted over a nine month period covering 26 states and 3,30,000 MSMEs across the country.
“In terms of ease of starting or doing business in a state, Tamil Nadu topped the survey with 9 per cent respondents extremely satisfied with policies, infrastructure, benefits and incentives. Gujarat came in close second with 91.75 per cent of the respondents from the state highlighting tremendous growth,” the survey said.
Moreover, according to the survey, 58 per cent of the micro, small and medium enterprises (MSMEs) polled were doing far better business than 2013 in terms of turnover and profitability. Further, 24 per cent of the MSMEs were doing marginally better than 2013 while 61 per cent respondents polled had employed new staff this year. Business Line
