Q: Even after the development of Gurgaon and surrounding areas in Delhi NCR region, entrepreneurs are shifting to industrial and real estate hubs of neighbouring Rajasthan, such as Bhiwadi and Neemrana industrial areas. What is the reason for this trend?
The prime reason is the availability of land at much cheaper prices than in Gurgaon and other parts of NCR. Both these township also happen to be strategically located between Delhi and Jaipur and enjoy excellent road connectivity. These factors, coupled with 24x7 availability of power, peaceful labour environment and industry-friendly government policies, have helped these cities emerge as industrial hubs. The Delhi-Mumbai Industrial and Freight Corridor also opens a plethora of opportunities for entrepreneurs and businesses.
Interest shown by Japanese and Korean companies to set up major manufacturing units and facilities in Japanese and Korean Zones in Neemrana has boosted the confidence of people wanting to invest in Rajasthan. With companies like Honda setting up their unit in Bhiwadi, the local economy has received a major boost and a whole lot of ancillary units have come up in the vicinity.
This sudden increase in industrial activity has also led to a spurt in the demand for residential housing and commercial projects. The area has witnessed the launch of a lot of big residential projects by recognised builders, which have come up to cater to the needs of the growing population. The Rajasthan government has been aggressively wooing investments and has provided investors the right kind of environment.
The main advantages are creation of employment and entrepreneurial opportunities for the people of Rajasthan and overall development of the area in terms of physical infrastructure, power, health, education and housing. However, environmental pollution is one of the major challenges faced by any industrial township and these two cities can’t be any exception to this.
Almost all major automobile manufacturers have a strong presence in this area. You have players like Maruti, Honda, Suzuki, which have set up their plants here. Manufacturing activity in automobile sector is a viable option. With a rapid increase in industrial activity, there has been a big influx and movement of people, especially those who are employed with companies in this area. This has led to an unprecedented increase in demand for housing and commercial spaces.
Real estate players have swiftly moved in to cater to this need and major plotted and group housing project have come up in Neemrana and Bhiwadi. There is still a huge potential for growth in this sector. Besides, IT, ITES and service sector provide excellent opportunities to entrepreneurs.
Significantly, Rajasthan is a State rich in natural resources and offers opportunity in mineral based manufacturing of cement, ceramic and glass.
Q: During your long experience of dealing with the Industries Departments of different northern States, which State do you find more industry-friendly in terms of clearance system and procedure?
Rajasthan and Haryana have streamlined their statutory approval process and are now working on a single window clearance system for all project and industry-related approval. The Rajasthan government has set up organisations like Bureau of Investment Promotion, District Industries Centres and Rajasthan State Industrial Development and Investment Corporation (RIICO) to promote investments and provide smooth mechanisms for investments in the State.
Resource: http://www.thehindu.com
The prime reason is the availability of land at much cheaper prices than in Gurgaon and other parts of NCR. Both these township also happen to be strategically located between Delhi and Jaipur and enjoy excellent road connectivity. These factors, coupled with 24x7 availability of power, peaceful labour environment and industry-friendly government policies, have helped these cities emerge as industrial hubs. The Delhi-Mumbai Industrial and Freight Corridor also opens a plethora of opportunities for entrepreneurs and businesses.
Interest shown by Japanese and Korean companies to set up major manufacturing units and facilities in Japanese and Korean Zones in Neemrana has boosted the confidence of people wanting to invest in Rajasthan. With companies like Honda setting up their unit in Bhiwadi, the local economy has received a major boost and a whole lot of ancillary units have come up in the vicinity.
This sudden increase in industrial activity has also led to a spurt in the demand for residential housing and commercial projects. The area has witnessed the launch of a lot of big residential projects by recognised builders, which have come up to cater to the needs of the growing population. The Rajasthan government has been aggressively wooing investments and has provided investors the right kind of environment.
The main advantages are creation of employment and entrepreneurial opportunities for the people of Rajasthan and overall development of the area in terms of physical infrastructure, power, health, education and housing. However, environmental pollution is one of the major challenges faced by any industrial township and these two cities can’t be any exception to this.
Almost all major automobile manufacturers have a strong presence in this area. You have players like Maruti, Honda, Suzuki, which have set up their plants here. Manufacturing activity in automobile sector is a viable option. With a rapid increase in industrial activity, there has been a big influx and movement of people, especially those who are employed with companies in this area. This has led to an unprecedented increase in demand for housing and commercial spaces.
Real estate players have swiftly moved in to cater to this need and major plotted and group housing project have come up in Neemrana and Bhiwadi. There is still a huge potential for growth in this sector. Besides, IT, ITES and service sector provide excellent opportunities to entrepreneurs.
Significantly, Rajasthan is a State rich in natural resources and offers opportunity in mineral based manufacturing of cement, ceramic and glass.
Q: During your long experience of dealing with the Industries Departments of different northern States, which State do you find more industry-friendly in terms of clearance system and procedure?
Rajasthan and Haryana have streamlined their statutory approval process and are now working on a single window clearance system for all project and industry-related approval. The Rajasthan government has set up organisations like Bureau of Investment Promotion, District Industries Centres and Rajasthan State Industrial Development and Investment Corporation (RIICO) to promote investments and provide smooth mechanisms for investments in the State.
Resource: http://www.thehindu.com
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