Gujarat, which recently bagged the Tatas’ Nano car factory, remains the most preferred destination for the Indian entrepreneurs while Andhra Pradesh ranks highest in the confidence index among the states.
This is the conclusion of a perception survey released jointly by KPMG and TiE - "Entrepreneurial India" here today. The survey is based on responses of some 1,000 entrepreneurs across 15 Indian states.
According to the report, about 23 per cent entrepreneurs preferred Gujarat for their new venture followed by Maharashtra and Haryana which elicited 13 and 7.5 per cent response, respectively.
When asked to rate their confidence level in their respective states, the entrepreneurs from Andhra Pradesh gave the state highest ranking of 4.14, much above the national average of 3.31, the survey said.
Besides, Goa, Rajasthan, Maharashtra, Gujarat, Tamil Nadu (TN) and Punjab have scored higher than the national average of confidence levels while Chandigarh, Karnataka, Madhya Pradesh (MP), Uttar Pradesh (UP), Haryana, Kerala, West Bengal (WB) and Delhi have been rated below the national average.
The survey had also pointed out that "despite a surge in the number of venture capitalists and private equity money available in India, there seems to be a gap in the demand for and supply of funds for entrepreneurial ventures".
The entrepreneurs, according to the survey also find the new banking initiatives towards funding start-ups and small and medium enterprises (SME) as deficient.
