Faridabad: Industries in Faridabad were booming till year 2000 having name and fame all over in the country, but started losing shine slowly after this. The allocation of higher or adequate funds for infrastructural growth and subsidies for promotion of green energy sources are among the major expectations of entrepreneurs and industrialists of the famous industrial town being awaited from the coming Union Budget, which may only inject power in the arms of entrepreneurs of this industrial town once known as one of the biggest hub for the manufacturing automobiles and auto parts in the country.
Raj Bhatia, president, Faridabad Industries Association, said the government needed to go for benchmarking for making the local units competitive in terms of industrial and business development and promotion of the state of art IT sector locally. When talked to few industry entrepreneurs having their manufacturing units in past, they said this industrial town started facing neglect and lack of cooperation by the government, as a result most of the prominent automobile manufacturers as well as units producing and supplying them automobile parts on OEM basis started facing sickness, either closed down their shutters or shifted to other parts in the country in search of business.
Faridabad industrial hub has around 30,000 manufacturing units. “Announcement of various measures and incentives for the promotion of the industrial and manufacturing sector is expected in the Budget,” Rajiv Chawla, president, Integrated Association of Micro, Small and Medium Enterprises of India (IAMSME) said, describing the demand of waiving GST or provision of subsidy for the units shifting to gas supply as crucial, he claims that it will benefit more than 20,000 units in the city as majority of industrial units are unable to bear huge costs involved in the process of converting from the traditional sources of energy to gas.
” Since easy availability and affordable price of the energy source was vital for the industry, the upgradation of civic infrastructure in the industrial zones was equally important,” Chawla said, adding that the focus needs to be on the provision of the state-of-the-art infrastructure to ensure that units were able to cope with the rising global competition. ” The other need of the hour was the regularisation of the non-conforming industrial zones in the city, as nearly 70 % units had been functioning from non-regularised areas and thus faced various hurdles for their survival,” he added. Ramneek Prabhakar, general secretary, Manufacturers Association, Faridabad said a special incentive or package that could usher in a new era in the sector with groundbreaking initiatives to push rejuvenation of basic infrastructure is the need of hour to build reputation as in the past.
