Ghaziabad in a Recovery Mode
Ghaziabad otherwise called the ‘Gateway Of Uttar Pradesh’ is a suburban district of UP situated in the nor th of India
Ghaziabad otherwise called the ‘Gateway Of Uttar Pradesh’ is a suburban district of UP situated in the north of India. Ghaziabad’s landscape also comes under National Capital Region (NCR). Its population stands the third highest in the region of Uttar Pradesh.
Ghaziabad is a fast growing and developing city reason being it is complemented by neighboring cities as Delhi and Gurgaon. The IT, Education and Industry sector are snowballing as a significant part of this development.
INDUSTRIAL SECTOR IN GHAZIABAD
Ghaziabad is a hub of small industries in areas like Sahibabad, but there is the presence of other big companies which plays an instrumental role in the growth of Ghaziabad. These industries are Bharat Electronics Limited and Central Electronics Limited. Some Foreign companies like Danfoss India Ltd., Indo-Bulgar Food Ltd. And International Tobacco Ltd. also joins the sector.
REAL ESTATE HUB
As the proposal of widening the NH-24 into 4-16 lanes between Ghaziabad-Delhi border and Dasna has been made, which attracts & welcomes the residential & commercial projects along the highway. Also, some big developers are Crossings Republik, followed by Ansal, Wave & Antriksh. As a part of development metro will be extended to new bus stand by 2016-17.
Ghaziabad is also progressing in the field of education, with some well known colleges being a part of Ghaziabad’s knowledge and learning space. In this specialized sector of education, Colleges that read in the order of Indraprastha Engineering College (IEC), ABES Engineering College, Krishna Institute of Engineering & Technology (KIET), IME Law College and NIFA rules the roost.
IT MARKET IN THE CITY
Shiva Tower is Ghaziabad’s oldest market. At a time the IT sector was at it’s peak but when the online market suffered a lot. This leads to a great loss IT market. Everyone starts choosing online instead of offline. This became the reason for shutdown of many retail shops & vendors.
Sumit Sharma from Alpha Tech Computers states, “Online Shopping is big challenge nowadays, people starts shopping online & no one comes to shops. This affects his business a lot.” He added, “the big dealers who have more than one business are not much affected but dealers like him who only depends on one shop suffers a lot.”
This became a serious point to brainstorm upon as far as the UP Government is concerned. The administration from its part do not want retailers to suffer so a mandatory 5% entry tax has been formulated on e-commerce sites which has driven as well as lead to some key improvement in the market.
As Ghaziabad’s landscape is on the way to development, the market is increasing in its magnitude and doing good business.