The ranking assesses living conditions in 140 cities across the globe by assigning a rating across five broad categories, including: stability, healthcare, culture and environment, education and infrastructure.
Melbourne scores highly in all of the EIUs criteria and achieves perfect scores in the areas of healthcare, education and infrastructure. Ongoing investment in Melbournes world-class infrastructure was highlighted in the report for keeping the city at the top of the index.
Melbournes high ranking follows three consecutive years at the top of the index, which it achieved by taking the title from Vancouver, Canada, after a run of almost a decade.
Wayne Lewis, Commissioner to India for the State Government of Victoria said Melbourne offered an unparalleled lifestyle, underpinned by resilient economic credentials, world class infrastructure, excellent health and education systems and progressive business regulation.
With Melbourne set to overtake Sydney as Australias largest city as early as 2030, the Victorian Government is investing in key infrastructure, from road and rail projects to hospitals and schools, to ensure our state remains the best possible place to live, work and do business, said Mr Lewis.
And we continue to work closely with Australian and international businesses to facilitate new investments that will create new jobs and build an even better, more prosperous Victoria, added Lewis.
Melbourne is Asia-Pacifics leading destination for cutting-edge innovation, research, development, and high-tech manufacturing, backed by the regions best talent ecosystem, a pioneering spirit of invention, and unparalleled government support for pro-business regulation and policies.
Melbourne has everything An Indian business needs to succeed in the Asia-Pacific marketplace, and that is why we are seeing more and more companies setting up shop in Melbourne as they expand globally, added Lewis.
Over the past decade, many Indian companies have chosen Melbourne as their Australian home including Infosys, Tata Consultancy Services, Tech Mahindra (Mahindra-Satyam), Cyient, Wipro, Mahindra Aerospace, Aegis and Cipla Pharmaceuticals.
Melbourne has been our Asia Pacific headquarters for almost 10 years due to the ease of doing business and tremendous market opportunity it provides to support customers locally. Victorian Governments investment in research & development and technological adaption creates very good opportunities for companies like us. Melbournes lifestyle provides additional reason to be based here" said Sanjay Krishnaa, Head APAC and Senior Vice President, Cyient.
Lewis said Melbournes much vaunted liveablity was largely due to consistent investment in infrastructure.
In 2013 nearly 145,000 internationals students came to Victoria, of that nearly 22000 were from India. Victoria attracts the largest share of Indian students in Australia at 43 per cent. International students make a substantial contribution to the vitality of this sector and to our states economy, community and cultural life.
There are over 200+ education, training and research collaboration between Victorian and Indian education and training institutions constituting more than 50percent of overall ties between India and Australia, an evidence of the deepening long term ties between India and Victoria.