State Of The Economy 2015

Diminishing charm

The zing is missing from the SME clusters of Noida and Faridabad

It’s not impossible for Noida to follow the footsteps of China’s first — and most successful — special economic zone (SEZ), Shenzhen,” Akhilesh Yadav, chief minister of Uttar Pradesh, said in the e-Uttar Pradesh IT conclave in Lucknow in January 2015. Referring to the industrial powerhouse that Shenzhen is, Yadav was pitching Noida as the next Shenzhen of the world. Though often criticised, he expressed willingness to go the extra mile to facilitate industries in UP. And Yadav is not the only one in this pursuit. BL Naraoji, general manager, industrial infrastructure development corporation (IIDC) in Madhya Pradesh too, has in the past offered to relocate units to MP.