While industry in Haryana is growing at a rate of 34 per cent, much higher than the national average of about 24 to 27 per cent, its Gurgaon district adjacent to National Capital of New Delhi is fast emerging as an Information Technology (IT) hub with about 350 IT and IT Enabled Services (ITES) companies flourishing there.
As compared to national growth rate of 8-9 per cent, the economic growth rate of Gurgaon district is estimated to reach 10-15 per cent during next five years as a result of implementation of new industry policy by the present Haryana Government led by Mr Bhupinder Singh Hooda and the prevailing liberal industrial atmosphere.
The annual turnover of industrial sector in Gurgaon district has crossed the mark of Rs 73,500 crore with an investment of more than Rs 18,000 crore. There are 475 large and medium scale units with an investment of over Rs 13,000 crore and about 10,000 small scale units with an investment of Rs 4,867 crore.
The IT policy framed by the Haryana Government is likely to give further fillip to this industry with the creation of more employment opportunities. The major incentive given to various units include relaxation in floor area ratio, rebate on registration, transfer of properties charges, exemption under Haryana shops and commercial establishment Act.
The end of textile quota regime, low interest rates, rapid technological change and labour reforms are further likely to boost productivity of industries. With the implementation of Haryana Industrial Promotion Rules-2007 by the present Haryana Government, the investment in industrial units of up to Rs five crore is expected to increase significantly.
The construction of Qutub Minar-Gurgaon Metro Corridor at a cost of Rs 570 crore is in progress which is likely to be completed by January 2010. Till now, an expenditure of Rs 154.77 crore has been incurred on this project.
Source: www.Mynews.in 20/May/2008
