Business and Economy in Noida
The success and growth of a city can be measured to a great extent by the business and economy. Noida is an important center for trade and commerce which is one reason that it is an essential part if the NCR. Over the past decades the city has seen miraculous growth in the industry, infrastructure and the overall economy.
Today it is considered as the education and software hub of north India. Many reputed educational institutions and universities have set up their campuses in Noida and offer world class education. In addition to this, a large number of MNCs have also made Noida as their base. It is one of the largest IT and outsourcing hubs of the country. The close proximity to the national capital and great connectivity via both road and metro has made Noida a preferred business location.
IT and Software Companies in Noida
One of the main reasons for the increase in population in Noida is the presence of IT and software companies in the city. NOida has been able to prove itself as a lucrative destination for major softare giants mainly because of its proximity to the capital of India and yet low on real estate prices. At the same time, these companies are able to hire educated and skilled professionals as many have made Noida their home.Some of the renowned companies that have their offices in Noida are –
- HCL
- Wipro
- TCS
- Tech Mahindra
- Adobe Systems
- Dell
- Accenture
- Samsung
- IBM
- Headstrong
- Ericsson
- Corbus
- Fujitsu
Energy and Power Utility in Noida
Energy and power utility is a major business sector of our country. A large part of this business is public sector which means it is under government control. The public sector companies usually fall under the Ministry of Power, Government of India. Over the years Noida has emerged a hub not only for IT and software biggies, but also energy and power utility sector.
Some of the energy and power utility companies that have their offices/branches in Noida are –
- Reliance infrastructure
- NTPC Limited
- Tata Power
- Indian Oil Corporation
- Gas Authority of India Limited (GAIL)
- Oil India Limited
- Samsung Engineering
- Bharat Heavy Electricals Limited (BHEL)
BPOs in Noida
Taking the Indian business sector to scaling heights is the BPO industry. Business Process Outsourcing or BPOs as they are commonly referred as have become an indispensible part of the business and economy of the country. Be it the metro cities or small towns, one can find numerous BPOs providing a range of services. Noida especially has been a BPO center for over a decade now.
Some of the most popular BPOs in Noida include –
- Steria India Limited
- iEnergizer Limited
- Colwell & Salmon
- Accenture Services Pvt. Ltd
- Innodata India Pvt. Ltd
- 3i Infotech Ltd
- Fadsan Technologies
- Netedge Computing Global Services Pvt. Ltd
Noida – Special Economic Zone (SEZ)
Noida also has the status of Special Economic Zone (SEZ), which is an added advantage for the companies. A SEZ is a marked geographical area which is especially designed with the aim of exporting goods, providing services and employment.
With the wave of development and industrial boon, Noida has seen some great infrastructural pieces. The ones that certainly cannot be skipped are the very suave IT parks. The Software IT Park was established under the supervision of the Government of India. The main aim was to promote software industry. Some of the companies in SEZ Noida are
- TCS
- Accenture
- Steria
- Genpect
- Thomson and Digital
Manufacturing Industries in Noida
From nails to screws and from rods to iron doors, the manufacturing industry has a widespread reach. In Noida one can find a range of manufacturing industries that are a major part of the business and economy of Noida. Although the product range of these manufacturing industries is varied, but some of the most common products include –
- Paints
- Pharmaceuticals
- Consumer electronics
- Automobiles
- Lighting
- Power equipment
- Agricultural products
- Engineering products
- FMCG products
- Nut Bolts and rivets
- Chemicals
- Fasteners
- Screws and nails
- Washers
- Automotive parts
Given below are some of the most popular manufacturing industries in Noida:
Rockwell EnterprisesD-65, Noida Sector-7
Phone: (0120) 66745553
Eurasia Door Devices Ltd
C-96, Noida Sector-8
Phone: (0120) 2424099
Fixwell Fasteners
C-84 C, Noida Sector-8
Phone: (0120) 2424133
Samirika Exports
C-41, Noida Sector – 63
Phone: (0120) 4332052
Kriti Group
29g/22-24, Noida Special Economic Zone
Phone: (0120) 3048881
Polyplex Corporation Ltd
B 37, Noida Sector-1
Phone: (0120) 2443716
H P Machine Well
E-44, Noida Sector - 9
Phone: (0120) 2531089
As you can see many small, mid and high level companies in noida city, so i think noida is a best place to start a business in this city. i also planning for it.
major part of business and economy of noida city is IT sector as we can see multiple MNC in the city.
THERE IS A SAY THAT DOING BUSINESS IN UP IS TOUGH.BUT WE HAVE STARTED NEW MANUFACTURING INDUSTRYAT SMALL LEVEL IN NOIDA BEFORE ONE YEAR WE ARE DOING GOOD. I DONT THINK THERE IS ANY NON HELP ATTITUDE FROM GOVT. DEPARTMENTS , THEY ARE CO OPERATIVE. TAX OF 14 % IS LITTLE BIT A WORRIED FACTOR .GOVT. SHOULD THINK ON THIS FACTOR. IF SOMEONE FROM HR,RAJ,OR DELHI WANT TO PURCHASE ANY EQUIPMENT, THEIR FIRST PREFERENCE REMAINS DELHI DUE TO TAX .NOIDA IS ALSO A GOOD PLACE TO LIVE.