By: INDIA BOOMS
Source: http://www.indiablooms.com
Mumbai, Oct 31 (IBNS) With a share of Rs 1,826 crore and over 24,200 assesses Gurgaon accounted for about 23 per cent of total tax worth Rs 8,044 crore realised from 1.7 lakh assesses under the Haryana VAT Act 2003 during 2009-10, apex industry body ASSOCHAM said on Monday highlighting the district’s contribution in state’s economic development.
Besides, Gurgaon also accounted for about 7 per cent of total tax realised under the Central Sales Tax Act 1956 with a share of Rs 285 crore of the total Rs 4,063 crore. Of the total 1.67 lakh assesses, about 24,000 were from Gurgaon.
The district also accounted for about 15 per cent of total tax collected under the Passenger and Goods Tax Act 1952 with a share of about Rs 51.88 crore, according to an analysis of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Out of total value of property transferred worth Rs 32,000 crore in Haryana, Gurgaon accounted for about Rs 4,200 crore with about 47,200 registered properties against total of about 5.4 lakh in the whole state.
Interestingly, Gurgaon accounted for about Rs 14 crore and 60 per cent of total entertainment tax receipts worth Rs 25 crore in Haryana.
“Gurgaon accounts for a sizeable proportion of total number of large, medium and small units operating throughout the state of Haryana, total investment made in these units and employment generated by these units thereby making the city as one of India’s fastest growing commercial hub,” said D.S. Rawat, secretary general of ASSOCHAM while releasing ‘A Statistical Note on Gurgaon.’
The district alone accounted for nearly 71 per cent and Rs 30,608 crore out of total exports from Haryana worth Rs 43,031 crore in 2009-10, said ASSOCHAM.
Software companies based out of Gurgaon accounted for a large part of IT/Software exports worth about Rs 22,700 crore from Harayana in 2009-10 as the city is home to largest number of call centres and business process outsourcing (BPO) companies.
“Gurgaon being India’s third largest software hub after Bangalore and Chennai. It can be easily transformed into India’s global financial centre to sit alongside global commercial hubs of Manhattan in New York, Ginza in Tokyo and the Square Mile in London,” said Rawat.
Haryana attracted 73 Foreign Direct Investment (FDI) projects worth about Rs 9,500 crore between April 2005 and December 2010 and Gurgaon accounted for about 80 per cent of this FDI with a share of 38 projects worth over Rs 7,300 crore.
Gurgaon’s contribution to industrial production in Haryana is between 65 per cent to almost 100 per cent it accounted for over 70 per cent of all exports from the state in 2009-10.
“The district city contributes substantially to Haryana’s overall industrial production across various manufacturing verticals including automobiles, sports goods, hosiery, water fittings and sewing machine,” said Rawat.
Gurgaon profoundly contributes to economic progress and financial development of Haryana evidently, as about 35 per cent of all the industrial units operating in the state are based out of Gurgaon with total investment of over Rs 6,450 crore employing about 60,000 people with a production of goods and services over Rs 21,400 crore.
“Significant investments in business segments like corporate and asset management, back office functions of banking, insurance, capital market, private equity and venture capitalist companies, microfinance establishments are fuelling the industrial growth in Gurgaon,” said Rawat.
A total 1,356 large and medium units operating in Haryana with an investment of Rs 25,750 crore employing about 2.4 lakh people with a production of over Rs 1.70 lakh crore.
Nearly 435 units are based in Gurgaon with an investment of Rs 6,450 crore employing about 60,000 people producing goods and services worth Rs 21,400 crore.
Gurgaon also accounts for over 25 per cent of total small and medium enterprises set up in Haryana during the course of last five years with about 3,140 units out of a total of 12,192 MSME units set up across the state.
Out of nearly 10,300 registered factories employing 7.41 lakh workers in Haryana in 2009, Gurgaon accounted for over 1,700 factories and 2.28 lakh workers.
Besides, over 2.93 lakh people were employed in Haryana’s organised private sector in 2009-10 and Gurgaon accounted for about 30 per cent of the total workforce with over 86,200 workers.
Of about 2.2 lakh commercial establishments, shops, hotels and restaurants employing over 3.3 lakh workers in Haryana, about 1.63 lakh were employed in over 6,500 commercial establishments set up in Gurgaon.
Out of the total deposits and credits of over 2,100 scheduled commercial banks in Haryana worth over Rs 87,200 crore and Rs 53,600 crore respectively, Gurgaon accounted for about Rs 25,000 crore deposits and Rs 8,800 crore credit of the 260 scheduled commercial banks in the city.
Of the 2.53 crore population of Haryana as per 2011 census Gurgaon district’s population accounts for 15.14 lakh and has surged by about 73 per cent during the last decade.
High infrastructural growth with vast pool of IT and ITeS industries, investor-friendly policies, highly skilled, motivated and its relatively low-cost IT labour force and sprawling shopping malls, numerous skyscrapers comprising commercial and residential complexes together with modern infrastructure set Gurgaon apart from rest of the cities.
By the end of this decade, Gurgaon will develop as an international financial platform to serve India’s growing needs and increase its voice in global financial markets, said ASSOCHAM.
Source: http://www.indiablooms.com/BusinessDetailsPage/2011/businessDetails311011e.php
Source: http://www.indiablooms.com
Mumbai, Oct 31 (IBNS) With a share of Rs 1,826 crore and over 24,200 assesses Gurgaon accounted for about 23 per cent of total tax worth Rs 8,044 crore realised from 1.7 lakh assesses under the Haryana VAT Act 2003 during 2009-10, apex industry body ASSOCHAM said on Monday highlighting the district’s contribution in state’s economic development.
Besides, Gurgaon also accounted for about 7 per cent of total tax realised under the Central Sales Tax Act 1956 with a share of Rs 285 crore of the total Rs 4,063 crore. Of the total 1.67 lakh assesses, about 24,000 were from Gurgaon.
The district also accounted for about 15 per cent of total tax collected under the Passenger and Goods Tax Act 1952 with a share of about Rs 51.88 crore, according to an analysis of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Out of total value of property transferred worth Rs 32,000 crore in Haryana, Gurgaon accounted for about Rs 4,200 crore with about 47,200 registered properties against total of about 5.4 lakh in the whole state.
Interestingly, Gurgaon accounted for about Rs 14 crore and 60 per cent of total entertainment tax receipts worth Rs 25 crore in Haryana.
“Gurgaon accounts for a sizeable proportion of total number of large, medium and small units operating throughout the state of Haryana, total investment made in these units and employment generated by these units thereby making the city as one of India’s fastest growing commercial hub,” said D.S. Rawat, secretary general of ASSOCHAM while releasing ‘A Statistical Note on Gurgaon.’
The district alone accounted for nearly 71 per cent and Rs 30,608 crore out of total exports from Haryana worth Rs 43,031 crore in 2009-10, said ASSOCHAM.
Software companies based out of Gurgaon accounted for a large part of IT/Software exports worth about Rs 22,700 crore from Harayana in 2009-10 as the city is home to largest number of call centres and business process outsourcing (BPO) companies.
“Gurgaon being India’s third largest software hub after Bangalore and Chennai. It can be easily transformed into India’s global financial centre to sit alongside global commercial hubs of Manhattan in New York, Ginza in Tokyo and the Square Mile in London,” said Rawat.
Haryana attracted 73 Foreign Direct Investment (FDI) projects worth about Rs 9,500 crore between April 2005 and December 2010 and Gurgaon accounted for about 80 per cent of this FDI with a share of 38 projects worth over Rs 7,300 crore.
Gurgaon’s contribution to industrial production in Haryana is between 65 per cent to almost 100 per cent it accounted for over 70 per cent of all exports from the state in 2009-10.
“The district city contributes substantially to Haryana’s overall industrial production across various manufacturing verticals including automobiles, sports goods, hosiery, water fittings and sewing machine,” said Rawat.
Gurgaon profoundly contributes to economic progress and financial development of Haryana evidently, as about 35 per cent of all the industrial units operating in the state are based out of Gurgaon with total investment of over Rs 6,450 crore employing about 60,000 people with a production of goods and services over Rs 21,400 crore.
“Significant investments in business segments like corporate and asset management, back office functions of banking, insurance, capital market, private equity and venture capitalist companies, microfinance establishments are fuelling the industrial growth in Gurgaon,” said Rawat.
A total 1,356 large and medium units operating in Haryana with an investment of Rs 25,750 crore employing about 2.4 lakh people with a production of over Rs 1.70 lakh crore.
Nearly 435 units are based in Gurgaon with an investment of Rs 6,450 crore employing about 60,000 people producing goods and services worth Rs 21,400 crore.
Gurgaon also accounts for over 25 per cent of total small and medium enterprises set up in Haryana during the course of last five years with about 3,140 units out of a total of 12,192 MSME units set up across the state.
Out of nearly 10,300 registered factories employing 7.41 lakh workers in Haryana in 2009, Gurgaon accounted for over 1,700 factories and 2.28 lakh workers.
Besides, over 2.93 lakh people were employed in Haryana’s organised private sector in 2009-10 and Gurgaon accounted for about 30 per cent of the total workforce with over 86,200 workers.
Of about 2.2 lakh commercial establishments, shops, hotels and restaurants employing over 3.3 lakh workers in Haryana, about 1.63 lakh were employed in over 6,500 commercial establishments set up in Gurgaon.
Out of the total deposits and credits of over 2,100 scheduled commercial banks in Haryana worth over Rs 87,200 crore and Rs 53,600 crore respectively, Gurgaon accounted for about Rs 25,000 crore deposits and Rs 8,800 crore credit of the 260 scheduled commercial banks in the city.
Of the 2.53 crore population of Haryana as per 2011 census Gurgaon district’s population accounts for 15.14 lakh and has surged by about 73 per cent during the last decade.
High infrastructural growth with vast pool of IT and ITeS industries, investor-friendly policies, highly skilled, motivated and its relatively low-cost IT labour force and sprawling shopping malls, numerous skyscrapers comprising commercial and residential complexes together with modern infrastructure set Gurgaon apart from rest of the cities.
By the end of this decade, Gurgaon will develop as an international financial platform to serve India’s growing needs and increase its voice in global financial markets, said ASSOCHAM.
Source: http://www.indiablooms.com/BusinessDetailsPage/2011/businessDetails311011e.php
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