Business Traveller (India)

THE CITY BEAUTIFUL

Chandigarh's evolving economic landscape

-

The Independen­ce struggle followed by the partition of the country in 1947 led to Punjab’s division into two parts. It was separated into east and west Punjab that fell into India and Pakistan respective­ly. Since the former capital of Punjab — Lahore — fell into Pakistan, India nominated the city of Chandigarh as the next capital of the northern state. The vision of then Prime Minister, Jawaharlal Nehru, entailed the developmen­t of Chandigarh as the Àrst ever planned city of independen­t India. He hired American planner and architect Albert Mayer to design Chandigarh in 1949, who built it in symmetrica­l blocks embedded with greenery all across its expanse.

Mayer’s master plan was executed by his successor, French-Swiss architect Le Corbusier, who Àne-tuned the city’s design to inculcate worldclass infrastruc­ture. He beautiÀed it with lakes and gardens, constructe­d the eminent courthouse and parliament buildings, and gave Chandigarh its symbolic personalit­y. The well-planned city set an example for the rest of the nation and became a sought after destinatio­n for businesses in north India. The inception of the Indian state of Haryana in 1966 changed Chandigarh’s status; it was not only declared a union territory* but also the capital of Punjab and the then nascent Haryana state — a position it still enjoys.

Farmers of the states heavily invested their monies in the large expanses of fertile land across the region, creating an agricultur­al ecosystem here. Chandigarh’s commerce grew by leaps and bounds thereafter, and by 2006 its a΁uent population achieved the highest per capita income in all of India, at `67,370. With mostly old family wealth of farmers and agricultur­al traders, Chandigarh’s economic backbone was establishe­d by its land management, animal husbandry and farming capabiliti­es. Being the capital of two of the most prosperous and arable states of India, it became the commercial centre of all the trading activities in the north of the country.

Even today, the city’s economic strength rests on millions of tonnes of maize, wheat and vegetable crops that are grown on the arable land of the two states. In fact, last year itself, wheat procuremen­t in Punjab crossed 88,00,000 tonnes during the marketing season, substantia­ting its title of being the food bowl of the nation. While farming remains the

While farming remains the largest feather in its cap, Chandigarh has not lagged behind in the rat race of modernisat­ion.

largest feather in its cap, Chandigarh has not lagged behind in the rat race of modernisat­ion. It evolved its economic landscape and opened up to small- and medium-sized industries that mushroomed here a few decades ago. It houses about 15 medium-scale and a few large-scale industries that operate in the private sector. It is also home to over 2,500 smallscale units that span across Àelds of paper, metal and alloy manufactur­ing, food products, sanitary ware, auto parts, machine tools, electronic­s and pharmaceut­icals.

Apart from its industrial dispositio­n, Chandigarh is also known for its educationa­l institutio­ns located in and around an area called Knowledge City — including Indian Institute of Science Education and Research and Indian School of Business. These schools impart world-class training to students hailing from diͿerent parts of not just India but the entire globe. There was a recognisab­le imbalance in the opportunit­ies oͿered to the youth after they completed their education. After all, not all of them wished to become farmers and most were overqualiÀ­ed to join the ground-level job openings at the various industries that operate here. The administra­tion of the city envisioned a tech project that would not only enhance the proÀle of Chandigarh, but also provide employment to the youngsters of the region.

Chandigarh’s commercial character underwent a monumental transforma­tion with the inception of Rajiv Gandhi Chandigarh Technology Park (RGCTP) in 2011. The project anchored by Infosys Technologi­es saw an investment of `1,500 crore by the Chandigarh administra­tion in collaborat­ion with real estate giant DLF to create a state-of-theart campus sprawling across 350 acres. Today, it houses corporate o΀ces of companies such as IBM, Net-Solutions, Wipro Technologi­es, Tech Mahindra and Silicon Valley Systech and employs hundreds and thousands of profession­als. While the Park has achieved an internatio­nal footing with its contempora­ry commercial temperamen­t, RGCTP’s aspiration­al “Vision 2020” wishes to further enhance its positionin­g. The plan is to “improve the business environmen­t for the IT Industry, to make Chandigarh a preferred destinatio­n for IT companies from within and outside India”. RGCTP also has The LaLit Chandigarh, a hotel and convention centre developed by The LaLit Group, and DLF that has the capacity to host 1,200 delegates for conference­s. The property adds the advantage of accommodat­ion to the IT complex and provides convenienc­e to companies looking to host their employees from other o΀ces in the city. Read more about The LaLit Chandigarh overleaf.

Chandigarh is also interdepen­dent with the cities within the Chandigarh capital region that include the neighbouri­ng satellite city of Mohali, =irakpur,

Kharar, Kurali (in Punjab) and Panchkula (in Haryana). The economic landscapes of Chandigarh and Mohali are connected, as the latter paves the way for Punjab’s informatio­n technology industry. Steering this is one of the largest projects of the modest town of Mohali — QuarkCity. It is an ambitious corporate expanse piloted by Denverbase­d company, Quark that invited an investment of US$500 million in the Chandigarh capital region. QuarkCity has been instrument­al in inviting informatio­n technology companies that are looking to expand their presence in north India. It is a 46acre multi-use space that houses corporate o΀ces, residentia­l arcades, retail stores and a special economic zone. It also provides accommodat­ion options to the urban youth that has moved to Chandigarh for employment, or wishes to move from the traditiona­l housing set-up of Chandigarh. Equipped with shopping centres, condominiu­m apartments, cinema halls and other entertainm­ent options, it presents a high standard of living in a city with a comparativ­ely humble lifestyle. It also houses 3- and 5-star hotels within the complex itself, oͿering convenienc­e to companies hosting employees from their other o΀ces. Some of the technology Àrms that have invested here are SPAN Infotech, Dell, Philips, FIS Global and Emerson Electric.

With the urban landscape of Chandigarh evolving along with its economy, it has welcomed a wave of overhaul in the aviation and the hospitalit­y industry as well. The Oberoi Hotels & Resorts has opened a luxury property here, and budget hospitalit­y chain, Lemon Tree Hotels is also eyeing more property launches in the city. Indian airlines too are constantly improving connectivi­ty to and from Chandigarh. Opened only two years ago, the new eco-friendly terminal laid with plants and open spaces has upgraded the experience of passengers Áying in and out of Chandigarh. Currently nine Indian airlines operate domestic and internatio­nal services from Chandigarh, with a number of routes to be added this year. Destinatio­ns including Pune and Leh have recently been added by Air India, while IndiGo has begun Áying internatio­nally to Dubai from the city. More internatio­nal Áights by the national carrier to Singapore and Bangkok are expected to launch this year.

The vision of Jawaharlal Nehru was to make Chandigarh India’s Àrst planned city. It’s safe to say that it has gone far beyond; from proving its agricultur­al prowess to welcoming contempora­ry corporate cultures — it is the economic powerhouse of not just Haryana and Punjab, but all of north India.

*A union territory is a type of administra­tive division in the Republic of India. Unlike states, which have their own elected government­s, union territorie­s are ruled directly by the Central Government.

 ??  ?? Previous page: Sukhna Lake, Chandigarh Pictured: Assembly building in the Capitol Complex of Chandigarh
Previous page: Sukhna Lake, Chandigarh Pictured: Assembly building in the Capitol Complex of Chandigarh
 ??  ??
 ??  ??

Newspapers in English

Newspapers from India