Infrastructure-Economy-News-The Economic Times

Friday, July 20, 2007

Gurgaon, the millennium city, was recognized as a potential destination for investors after the liberalization of the Indian economy post 1990s due to its proximity to New Delhi and smart policy initiatives of the Haryana government. Today, skyscrapers and modern shopping malls dot the new city, which has seen a major real estate boom since the late 1990's.

Major infrastructural developments:
The upcoming eight lane toll expressway between Gurgaon and New Delhi, scheduled to become operational in April 2007 which will provide non-stop connectivity to the International Airport and Dhaula Kuan in Delhi over a distance of 28 kilometers (18 miles) and includes 7 flyovers and 5 underpasses along the stretch.

Special Economic Zone
The Haryana government is establishing a special economic zone at Garhi Harsaru in New Gurgaon, about 25 km from the international airport in Delhi, adjoining NH-8 and the state highway between Gurgaon and Pataudi. The SEZ would be spread across 3,000 acres and would cost an estimated Rs 948 crore to build. About 2,400 units are slated to come up in the zone, providing employment to over 60,000 workers and generating exports of around Rs 42,000 crore.

A Gems & Jewellery Park Complex at Udyog Vihar is also in the Governments list of initiatives for promoting this sector as this has been identified as an industry having good potential for infrastructural development. The Government is also contemplating seeking SEZ status for the Gems and Jewellery Park. Besides that, an Apparel Park is also proposed to be developed in Gurgaon SEZ under the "Apparel Parks for Exports" Scheme of the Government of India.

The HUDA and Gurgaon administration have geared up in putting their best efforts for developing the infrastructure of Gurgaon as they say Gurgaon is on the verge of becoming a separate 'SEZ country'. The administration has also initiated some steps for improving power and water supply in Gurgaon. From food parks to housing complexes and special economic zones to express highways, the city of Gurgaon is the true reflection of modern India.

No comments: