Gurgaon - Economy

Economy

Further information: List of companies in Gurgaon

Favorable tax policy by the Haryana government, pressure from Rajiv Gandhi to allow private companies to build properties and its proximity to Indira Gandhi International Airport saw the emergence of Gurgaon as one of the most prominent outsourcing and offshoring hubs in the world. It has also become a major hub of telecom companies. Prominent companies headquartered here include Bharti Airtel, Nokia, Motorola, Alcatel Lucent & Ericsson. Gurgaon is also house to MNC's like PwCDeloitteSAPKPMGBCGMckinsey's and Nestle

Automobile manufacturing, garment manufacturing, world-class real estate and shopping malls are the other main industries. Gurgaon and Faridabad together generate over 50% of Haryana's income tax revenues.

The distribution of outsourcing companies is skewed towards non-IT services. Gurgaon's outsourcing industry was born in 1997 when GE Capital International Services (GECIS) was set up as the India-based business process services operations of GE Capital. In 2005, GECIS became an independent company - Genpact, which is now headquartered in Gurgaon. This trend continued after several other firms established themselves in the city. Gurgaon also has a major manufacturing industry. Car manufacturing facilities include India's largest passenger car company, Maruti Suzuki. Hero Honda, the world's biggest motor cycle company is based in Gurgaon.

Many migrant residents of Nathupur work as domestic workers in Gurgaon.

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