| |AUGUST 202219the census data, the population of Gurgaon doubled between 2001 and 2011, from 876,000 to more than 1.5 million due to increasing employment opportunities. "Companies looking for larger tracts of land are coming to Gurgaon as well as the city is soon going to become logistics hub", says Deepak Bagla, CEO, Invest India.Developed InfrastructureGurgaon has emerged as a vibrant hotspot of excellent connectivity and a series of developments in infrastructural sector that has led to the emergence of several industrial hubs in the vicinity of Gurgaon, which includes Manesar, Neemrana, Bawal, Dharuhera and Bhiwadi on one hand and Cyber City, Sohna Road, Udyog Vihar on the other. According to industry experts of the country, amidst of all infrastructural developments and increased interest of developers, commercial and industrial boom of Gurgaon is here to stay. Further, it'll fuel residential developments and transform it into a prominent nerve center as well as the sub-business district of the region on the lines of DLF Cybercity. "Gurgaon has now become an upmarket, white collar hub as students from different streams are moving here to shape their carrier", says Vinayak Chatterjee, Chairman, Feedback Infra.Increasing Number of StartupsThe region has already become favourite destination for some of the leading global brands like Toyota, Mitsubishi, Honda, Suzuki, and many more which are making colossal investments in real estate. The companies have created a city to suit their needs. Startups too are basing themselves in Gurgaon, so that they can be close to the huge network of corporates. The industries situated here have created a pool of skilled professionals such as engineers, managers who are constantly pushing the outsourcing industry in new and innovative ways. Provides Opportunities to Professionals of Different IndustriesGurgaon is also well placed to lead big data analytics in the country. Also, the region has universities that supply millions of skilled candidates who are trained in quantitative disciplines like economics, mathematics and statistics as well as in computing and software development. The professionals get attracted towards Gurgaon as it gives them a desirable kind of living atmosphere at not so exorbitant prices. With the overall lifestyle, the city is becoming one of the most sought after place for all kinds of talent from different sectors. Although, there is lack of municipal or basic cleanliness facilities, most of the industrialists are still setting their industries in Gurgaon as there is not any other city in the country that can offer talent in an entire gamut of services and that too at a single place. "With diversified industries not limited to hospitality, healthcare, retail, banking, education and many others joining the bandwagon, makes Gurgaon more attractive for potential investors", says Vineet Taing, President, Vatika Business Centre.Increasing Number of Outsourcing PlayersGurgaon is now the biggest hub of outsourcing companies in the world. Experts say that especially after the success witnessed by industries, more than half-a-million new jobs have been created in the area. Infact, India has now almost over 50 percent market share in the world's IT outsourcing industry and 70 percent of that work happens from Gurgaon. According to the data published by India Brand Equity which is a foundation set up by the government, the total global and domestic outsourcing market opportunity for India is expected to grow multi-fold from $500 billion in 2008 to $1.7 trillion by 2025. How's the Future of Industries in GurgaonIndustrialists across Gurgaon are aiming to put in on the global map in the coming years. This city has the potential to serve as a benchmark for future cities in terms of infrastructure and industries from different sectors. The city will expand with the growing modern retail spaces, residential towers, carefully planned spacious green spaces and of course with the growing investment of industrialists. As the city houses some of the biggest domestic and global corporations, it'll be gauged as an option by many corporates to set up their branches in the coming years. Gurgaon is now the biggest hub of outsourcing companies in the world. Experts say that especially after the success witnessed by industries, more than half-a-million new jobs have been created in the area
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