Economy
Faridabad was one of the leading industrial cities of Haryana, a popular choice for setting up industry due to its proximity to Delhi and its location on the Delhi - Mathura road. Much before the advent of Gurgaon as the posterboy for industrial development in Haryana, Faridabad was the favourite destination of Industries.Faridabad is famous for Heena Production on agriculture sector while tractors, motorcycles, switch gears, refrigerators, shoes and tyres are other famous industrial products of the city.
However, in recent times it has fallen much behind the neighbouring towns of Noida, Okhla and Gurgaon in attracting new industry. The IT revolution has completely bypassed Faridabad, opting for the cities of Noida or Gurgaon instead. In part this was due to government apathy, in part due to the rising levels of pollution and congestion in the city.
Read more about this topic: Faridabad District
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)