Gurgaon garners 70% share in investments attracted by Haryana: Study
Updated: Oct 09, 2015 12:24:22pm
New Delhi, Oct 9 (KNN) With live investments of Rs 3.5 lakh crore, Gurgaon accounted for almost 70 per cent of total investments worth Rs five lakh crore attracted by Haryana in the live projects till the last fiscal (FY 2014-15). Share of Gurgaon in the state’s total tax collection increased almost 200 times in 2 decades, according to a study.
“Besides, robust industrial development in Gurgaon during past two decades has increased its share in total tax collected by Haryana by almost 200 times i.e. from just about Rs 17.5 crore in 1990-91 to over Rs 3,445.5 crore in 2012-13,” noted the study titled “Haryana’s economy: Gurgaon grows and Faridabad falters,” conducted by ASSOCHAM.
The study that was jointly released by chairman, ASSOCHAM National Council on MSMEs, PK Jain, and secretary general, ASSOCHAM, DS Rawat highlighted that the city has also registered faster implementation of investment projects as almost 95 per cent of these projects are under different stages of implementation while only about five per cent of investment projects have remained non-starter.
“If another futuristic city can be created on the lines of Gurgaon which is often known as a ‘symbol of rising new India,’ owing to emergence of international commercial hub like Cyber City, it will help increase Haryana’s revenues by more than three times its current level,” said Rawat.
Factors like availability of skilled manpower and proximity to strong consumption markets in north India have helped Gurgaon evolve as a manufacturing and industrial hub attracting investments mainly from private sector in information technology (IT), information technology enabled services (ITeS), mechanical, electrical, textile, chemical and other sectors, he added. (KNN Bureau)
“Besides, robust industrial development in Gurgaon during past two decades has increased its share in total tax collected by Haryana by almost 200 times i.e. from just about Rs 17.5 crore in 1990-91 to over Rs 3,445.5 crore in 2012-13,” noted the study titled “Haryana’s economy: Gurgaon grows and Faridabad falters,” conducted by ASSOCHAM.
The study that was jointly released by chairman, ASSOCHAM National Council on MSMEs, PK Jain, and secretary general, ASSOCHAM, DS Rawat highlighted that the city has also registered faster implementation of investment projects as almost 95 per cent of these projects are under different stages of implementation while only about five per cent of investment projects have remained non-starter.
“If another futuristic city can be created on the lines of Gurgaon which is often known as a ‘symbol of rising new India,’ owing to emergence of international commercial hub like Cyber City, it will help increase Haryana’s revenues by more than three times its current level,” said Rawat.
Factors like availability of skilled manpower and proximity to strong consumption markets in north India have helped Gurgaon evolve as a manufacturing and industrial hub attracting investments mainly from private sector in information technology (IT), information technology enabled services (ITeS), mechanical, electrical, textile, chemical and other sectors, he added. (KNN Bureau)
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