Gurgaon, Sep 2 (UNI) This city, in the proximity of the national capital is today considered as one of the major towns of the country and is being termed as the 'Millennium City' or 'India's Singapore', with the industry here growing at the rate of 40 per cent as against the national growth rate of 28 per cent.
The importance of the city has been primarily due to the phenomenal growth witnessed in recent years in all spheres of development, particularly in urbanisation and in creating an industrial climate.
A number of policy initiatives announced by the Haryana Government from time to time have provided an impetus for the rapid industrialisation in the district. The citys ideal location on the National Highway of Delhi-Jaipur road in close proximity of Indira Gandhi International Airport and its well developed infrastructure base like existing roads and communications network and electrification has made Gurgaon the choicest location for the industry.
High-tech and high value projects involving foreign collaboration with huge investment have come up in this area.
An annual turnover in the industrial sector in the district has crossed Rs 73,500 crore, with an investment of more than Rs 18,000 crore. The city today has 475 units of large and medium scale industries involving an investment of Rs 13,138 crore. Thse units provide employment to 1,76,861 persons.
The number of Small Scale industrial units are around 10,000 with an investment of Rs 4867 crore and an employment capacity of 1,74,700.
With implementation of Haryana Industrial Promotion Rules-2007 by the Hooda Government, the investment in industrial units costing upto Rs 5 crore is expected to increase significantly. In Gurgaon, there are many prominent and prestigious units involved in the manufacturing of cars, motorcycles, automobile parts, telecommunication equipment, electrical goods, software development, hardware, sports goods, rubber products, readymade garments, light engineering goods, pharmaceuticals, terry towels, food items, air conditions, shoes, pesticides and insecticides.
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