Chandigarh city and a union territory is located at an envious cusp of two states – Punjab and Haryana. It serves as the capital of both these states. The city is the stepping stone to the mountainous state Himachal Pradesh and is in close proximity to Uttarakhand. Chandigarh and its nearby regions, viz, Mohali and Panchkula are together referred to as the Tricity.
What makes Chandigarh a suitable location for the next World Trade centre in India?
Connectivity: Chandigarh enjoys good connectivity by rail, air and road. It is connected by the new Amritsar- Delhi-Kolkota industrial corridor. The new International airport coming up at Aerocity makes it an ideal setting for ambitious trade projects.
Power supply: Long term relationships have been forged with the power corporations for uninterrupted and reliable power supply to the city. Talks are going on with GAIL for a dedicated gas pipeline to the city and for the setting up of a 250MW Power plant. Talks are also on for harnessing the solar energy for increased power demands and for setting up of a plant for the manufacture of Solar Photovoltaic cells.
A talent hub: Chandigarh is home many reputed schools, colleges and vocational institutions, such as College of Commerce and Business Administration, IISER, NIPER, CMC , Industrial Training Institute, National Agri-Food Biotechnology institute, and so on.
Economic report: Chandigarh has been rated as the “Wealthiest Town” of India. The RBI ranked Chandigarh as the third largest deposit centre and seventh largest credit centre nationwide as of June 2012. According to The Hindu Business Line (12 March, 2015) Chandigarh is ranked 4th in the top 50 cities identified globally as “emerging outsourcing and IT services destinations”, ahead of cities, like Beijing. Chandigarh contributes INR 18,253 crores towards the GDP; it has reflected a growth of 15.22% and has per capita income of Rs 128634, far above the national average of Rs 60,972. Three major trade promotion organizations have their offices in Chandigarh—FICCI, PHDCCI and the CII
Quality of Life: Chandigarh ranks first in India in the Human Development Index, quality of life. It offers immaculately designed spaces with modern architecture. There are numerous educational institutions in Chandigarh-both private and public and ample health care facilities. The city is well-connected through rail, air and road. The Chandigarh metro is likely to start its operations from 2018. Chandigarh is, also, a virtual melting pot of many cultures and religions co-existing and flourishing peacefully.
All these reasons and many more seem to point to the fact that Chandigarh and a WTC is definitely a good match!
Keep yourself updated as project takes shape, visit WTC Chandigarh website.
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