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Economy of Faridabad


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Faridabad is a massive economic engine of Haryana. Faridabad and Gurgaon generates over 50% of the income tax for the Haryana government.

Agriculture

Wheat was grown in Faridabad before but the agriculture has moved towards the villages of Haryana as Faridabad saw a boom in the population in the early 90s. Almost all of the agricultural land has been taken over by residential housing. However, the 'Anaaj Mandi' (Grain Market)

Central government offices

Faridabad has benefited from plans of Union Government to decongest Delhi by shifting a number of Central Government Offices to Faridabad. Many directorates of different union government ministries are headquartered in Faridabad. The prominent among them are Central Water Commission, Department of Plant Quarantine and Central Insecticide Lab. A number of Union Government Offices from Haryana are based here such as Commissioner of Central Excise within Department of Revenue, Government of India, Department of Explosives, Department of Labour, etc. The Apex Central Training Institute of the Department of Revenue, Government of India, National Academy of Customs Excise & Narcotics is located at Sector 29. This has started functioning from this campus in 1996.

Manufacturing

Faridabad is the industrial capital of India. It is home to hundreds of large-scale companies like Dee Development Engineers Limited, Lafarge, Shova, Imperial Auto Ltd., Birla VXL, elofic filters, Star Wire India Limited, JCB, Escorts, Yamaha, Knorr Bremse, ACE, ABB, GoodYear, ACC, IndianOil (R&D), Whirlpool, Havell's, L&T, Bhartia cutler hammer, Mahindra Defence, Frick India Ltd., Orient Fans, Talbros, Bharat Gears, Clutch Auto, Hyderabad Industries, Lakhani shoes, Khaitan, Marathon Electric, JBM
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