New Delhi achieves hattrick by attaining highest competitiveness score again

New Delhi, July 11 (ANI-Business Wire India) The much awaited India City Competitiveness Report 2012 was released on July 11, 2012 at the India-Singapore Business Forum 2012 held at the Taj Palace here on Wednesday.

Singapore’s Prime Minister, Lee Hsien Loong, was present at the release event

Following are the highlights of the event:

-- New Delhi made hat trick on India City competitiveness Index 2012 by attaining the highest score again

-- Mumbai was successful in retaining its number two spot on the index

-- Chennai jumped to 3rd rank and is back on its India City Competitiveness Index 2010 position

-- Noida entered the realm of top 10 most competitive India cities and holds the 8th position.

-- Slight shifts were noted in the ranks of Tier 2 and 3 cities

-- Faridabad with its high growth rate has drastically improved in its rank and holds the 29th spot. Similarly, Guwahati recorded a wide improvement in its position

-- Cities such as, Gurgaon, Ludhiana, Vijayawada, Asansol were stable at their positions in India City Competitiveness 2012 ranks

-- 50 most prosperous Indian cities were assessed on the India City Competitiveness Index 2012

Dignitaries such as Naina Lal Kidwai, Amitendu Palit and Bill Susinski, etc. were the key panelists and they shared their views at the forum. Dr. Amit Kapoor, Honorable Chairman, Institute for Competitiveness, India also presented his views on City Competitiveness with the co-author Johnson Paul of ISAS.

The Institute for Competitiveness, India brings forth the fifth edition of India City Competitiveness Report where the search of the most competitive Indian city finally ends.

The India City Competitiveness Report 2012 is based on the underlying principles of Michael E. Porter, Bishop William Lawrence University Professor, based at Harvard Business School.

The City Competitiveness Index is built on the Porter's Microeconomic Competitiveness - Diamond Model which especially, focuses on the "Strategy and Competitiveness" of regions by taking into consideration their certain crucial parameters.

The model is founded on four pillars of competitiveness that are factor condition, demand conditions, context for strategy and rivalry and supporting and related industries.

These pillars are further divided into 12 sub-pillars wherein factor conditions splits into 6 sub-indices and other three are distributed into 2 sub-indices disjointedly, which in turn are measured through indicators.

All these pillars and sub-indices are directly or indirectly related to one another and help to evaluate the different dimensions of competitiveness.

India City Competitiveness 2012 thus consolidates all the vital information about the selected 50 Indian cities and puts forth the real picture of individual city in 2012. (ANI)