|Noida economy – hub of national and multi-national companies…
Noida is a major hub for multinational firms outsourcing IT services e.g. EXL Service, One97, Abstract Consultancy, TSYS International, IBM, AON Hewitt, Fujitsu, Ebix, CSC, Fiserv, TCS, HCL,Tribal Fusion, Tech Mahindra, Adobe, DELL, Sparta Consulting, Patni Computers, Corbus, Accenture, JK Tech., Metlife, Indus Valley Partners, The Smart Cube, Many large software and business process outsourcing companies have their offices in the city. HCL mainly has its base in this city.
Many other companies have their Indian branch offices in Noida, because of the Special Economic Zone, the suburban atmosphere in Noida and its proximity to Delhi. Noida also has the head office of the Software Technology Park, established by the Government of India to promote the software industry
Noida is a major hub of industry. Noida has quickly emerged as a hub for automobile ancillary units, with companies like Escorts, Honda-SIEL and New Holland Tractors (JV of FIAT with Ford). A Daewoo plant was also located in the city, but has since closed. Major manufacturers and others like Alstom, ISGEC, LG, Samsung, Ericsson and music company T-series also have their corporates in the city.
There is more to Noida than just industry. Film city, established by Sandeep Marwah, is a hub for major news channels and studios. News channels such as Zee News, NDTV, TV Today group, CNN-IBN, CNBC, newsX, [INDIA TV] and many more are situated here. Noida's proximity to Delhi, which is the political hub of the country, makes it an attractive destination for news channels. Commercial activities have also risen in recent years, with a sudden spate of new malls and multiplexes.
Development in industry, commerce and trade have led Noida to be a model city in UP. It is a major revenue earner for the government through taxes. The Noida model is now being replicated across various cities in UP,