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(c) Registering property
(d) Exports and imports
(e) Paying taxes
(f) Enforcing contracts
(g) Closing a business
The overall ranking has placed Hyderabad 2nd out of 17 cities. Between 2007 and 2009 Hyderabad had local reforms in cutting the time to start a business and construction permits. It introduced a single window system for construction permits, speeding up approvals. It introduced single point access for paying value added tax (VAT) and registering professional tax. Hyderabad ranked 4th in ease of starting a business as well as of giving construction permits. On an average it took 33 days to start a new business, and the associated cost was 41.6 per cent of per capita national income.
Ease of Closing Business
Of the 17 Indian cities, Hyderabad has the highest recovery rate of 15.9 per cent, while Kolkata comes last with 9.1 per cent. The process takes 7 years in Hyderabad and costs 7 per cent of the estate value, and on these two parameters too, Hyderabad is the best in India.
Hyderabad as the next Silicon Valley
To address the infrastructure and service delivery gaps in Hyderabad metropolitan area, the Municipal Corporation of Hyderabad has prepared a City Development Strategy (CDS) in recent times with support and assistance from Cities Alliance, United Nations Centre for Human Settlements Programme (UN-HABITAT), Urban Millennium Partnership (UMP) and Water and Sanitation Programme (WSP). The key objective of City Development Strategy Hyderabad was to prepare and implement a strategy for creating a robust economy with equitable growth.
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