ABOUT FARIDABAD
Faridabad industrial area is one of the most upcoming
industrial areas of North India. It is very close to Delhi and has ample
industrial development.
Faridabad is surrounded by Delhi on the North and Gurgaon on
the west. It shares boundaries with Uttar Pradesh on the South and East. Yamuna
river flows on the boundary of the district.
Faridabad got its face during the industry-oriented second
five years plan. Faridabad has grown so rapidly that even some of the
residential areas are now converted to industrial areas. Many large and medium
scale industries started on Delhi Mathura Highway, till Palwal.
The new Palwal district started in 2012 and the Faridabad the industrial complex has created a rich industrial base.
Faridabad is the 9th biggest industrial town of India.
Industrial plots in Faridabad are in high demand. The Faridabad Ballabgarh
Palwal industrial complex has an important place in India. It has various types
of manufacturing industries – tractors, motorcycles, footwear, tyre, air
conditioner, huge loaders.
Products such as refrigerators, forgings, special alloy
castings, LPG stoves, vacuum glass flasks. In the past few years, around 100
manufacturing, printing, dyeing, and textiles units have been established in
the industrial complex. Due to this, many garment exporters and manufacturers
have moved to Faridabad from all over India.
HSIIDC or Haryana State Industrial and Infrastructure
Development Corporation Limited is handling projects in Faridabad. One of these
is Industrial Model Township (IMT) at Faridabad. IMT will be developed on IMT
Manesar pattern. It will include commercial, institutional and industrial areas
with adjoining residential areas for promoting culture. The industrial township
will be established in sectors 66,67,68,70 and 71 for the final development
plan of Faridabad.
The Haryana
Development Authority and Directorate of Industries, Haryana State Industrial
Development Corporation acquires and develop land for industrial use. These
agencies have established industrial estates with more than 1500 plots
spreading all over the district. Today, Haryana is rated as the best state in
India by the centre. Model township in Faridabad in 2013 has promoted
industries in the district.
Infrastructure
Faridabad has excellent
infrastructure for industrial development. Metro extension and Badarpur flyover
has improved connectivity with Delhi. Moreover, there are many projects ongoing
and will improve infrastructure in Faridabad:
Western Express
Highway linking Kundli – Palwal via Manesar.
Kalindi Kunj bypass providing easy access to
NOIDA (U.P.)
Six lane highway
NH2.
Eastern express the highway from Kundli to Palwal via Noida.
Today,
Faridabad has a large number of foreign partners. The product and service range
is widening daily and the foreign market for the same is also expanding. This
is because of the fact that products manufactured here are technically better
than others, the products exported from Faridabad include electric equipment,
industrial units, tyres, garments, helmets and machinery. Some industrial units
have affiliation with foreign countries other than fully owned foreign
companies.
Industrial land in Faridabad is in great demand due to these
reasons.
Below are some of the companies which have set up their base
in Faridabad:
Escorts Limited: Construction, Infrastructure, Automobile.
Kohinoor Foods Limited: Food processing
JCB India Limited: Construction,
Infrastructure, Engineering, Capital Goods
NHPC Limited: Energy, Power
Lakhani Footwear Private Limited: Leather, accessories
Polaris India Private Limited: automobiles and dealers
Lenskart, Faridabad, Haryana.
Ramco Steels Private Limited
Below are the types of industries which are
supposed to be set up in IMT Faridabad:
Electronics and electrical
Sports goods
Sheet metal components
Healthcare items
CNC machines
Medical equipment
General manufacturing industry
Auxiliary industries
Government policies, foreign investment and local demand
will continue to boost the sale of industrial plots in Faridabad. Thus,
Faridabad will remain a preferred location for real estate investors wanting to
purchase industrial plots in Faridabad.
Sources:
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