The Associated Chambers of Commerce of India has welcomed the decision of the central government to include Faridabad in the list of proposed smart cities. Faridabad, the largest city in Haryana, contributes to about 51% of the state’s revenue. Semantically, the inclusion makes perfect sense and is definitely a great initiative taken towards the growth and development of this city.
Faridabad has some positive factors, such as prime positioning and entrepreneurial potential that make it the perfect contender to be a smart city. The city also boasts of a strategic and great geographical location due to its proximity to south Delhi, Gurgaon, and Noida. As a result, Faridabad has also been attracting many real estate investments due to the shortage of land in Delhi and adjoining areas. The successful completion of the project may lead to the manufacturing and industrial renaissance of Haryana.
Pitching Faridabad As a Smart City
Faridabad has over 24,000 industrial and commercial units, which contribute to around 14 percent of the total GDP of the state.
The Vision: The vision for Faridabad city is comprehensive and multidimensional. It is an outcome of series of discussions, thorough research, consultation with stakeholders, and data analysis. The primary objectives of the Smart City project in Faridabad are:
- World-class infrastructure
- Future industrial destination of the region
- Economic development
- Safe environment
- Planned city
Faridabad has the potential to be the next best city in NCR and upon completion of the Smart City project, it will be known for providing a safe living, good environment, booming economy, and great infrastructure.
Benefits of Smart City Tag For Faridabad
The Smart City project will cast a positive impact on Faridabad’s infrastructure. It will give rise to technological innovations and proper land usage and development programmes. The project will also improve the condition of various other sectors, such as housing and services, electricity and water supply, transportation, sanitation and sewage management, infrastructure, healthcare, and education.
Factors aiding Faridabad’s growth
A metro rail connecting Faridabad with Gurgaon is on the cards and its construction is set to begin soon. This initiative will surely open the floodgates to the city’s development. The new metro that will connect the city to Delhi will also connect Faridabad to all other major cities of NCR. The real estate market is also set to boom in the next few years. The commercial real estate already boasts of MNCs, ISO-based industries, and medium and small-scale manufacturing units in the Faridabad-Ballabgarh Complex.
Faridabad is also home to a series of multinational companies in manufacturing sectors like Whirlpool, Goodyear, Larsen & Toubro, Asia Brown Boveri, GKN Invel, Woodward Governor and Castrol, Escorts, Eicher, and Nuchem. Along with this, the other manufacturing industries that are operating in this belt include big names like Orient Fans, Central Insecticides, Escorts limited, Yamaha Motors India Pvt. Ltd., Whirlpool, and JCB India.
Faridabad is already developing in terms of infrastructure, business prospects, education, better living, and healthcare. With the Smart City tag, the city will get new wings and direction to prosper and will unleash its true potential by effectively making use of its resources.
Written by, Moupia Chatterjee