Noida - Greater Noida - Yamuna Expressway cluster is identified an Electronic Hub

India has shortlisted 10 Mega clusters across India to attract companies world-wide. It is part of planning to provide tax benefits and other relaxations. This is an attempt to project India as an alternate destination amid the Corona pandemic.

There is a list of 40 clusters and 10 most potential clusters selected out of these 40 clusters. Government is projecting all clusters as sectorial potent. Noida - Greater Noida - Yamuna Expressway cluster is identified as Electronic hub. Other potential clusters are Gurgaon - Manesar, Hyderabad, Ahmedabad, Vadodara (Bharuch-Ankleshwar Cluster), Mumbai-Aurangabad, Pune, Bengaluru, Hyderabad, Chennai and Tirupati-Nellore.

This is part of an exercise initiated by Government of India and finally published the above list "Great Places for Manufacturing in India".

These initiative will boost the investment in India because of cheap labour and latest Corporate tax reforms. Above all, India will be a big domestic market for all manufacturer. The tussle of America with China and anger of European countries against China will play a major role in favour of India. The areas to be kept under vigilance are poor infrastructure, law and order situation, trade unions and red tapism. The work culture, skills and productivity need grooming and setting standards to the level of international expectations.

How to improve the economy of States in the light of Corona disaster

Following measures should be taken on priority to improve the economy of States by all the Governments:

- Identify the poor people. Then identify the activities which are necessary for State, which may increase production, etc. Now engage those people in such  development work or production. The poor people are really need our help and at the same time we should strictly avoid Freebie/Muftkhori. This money spent by State will help poor and increase productivity of the State.

- The poor people will rush to market for their bread and butter once they get the money. Natural demand will generate and production unit will start working to meet the demand. All the channels will activate such as raw material producer, raw material supplier, packaging, marketing team, transport, retails etc. Economy will start in real terms.

- Let the funds move from bottom to top. At all level, people get engaged in economic activities. If we put State funds with top industrialist, it may or may not go to the bottom. But, if we put this money in the hands of poor and lower income group, it will definitely move upwards. The money has a beautiful power; it enriches all the hands  through which it passes.

- State should stop all the projects which are unproductive and meant for glorification of State infrastructure. 

- We can start plantation work on both sides of NH, State highway, other roads. Monsoon is approaching. Cost incurred is plantation is minimal and benefits are endless. Returns on Investment (RoI) is very high even in terms of money. Other benefits may be like climate, fruits production, etc. We may use these plantation belt as job generations. Small- small patches can be allotted to landless labour on Maintain and Gain basis. Maintain the trees planted and grow vegetable on those land for self.

- Making of roads, cleaning of canals, renovation of hospitals etc. can be done.

- Clean and hygiene living is top priority after Corona. Cleaning and maintenance of   city, town, villages may be started to give employment to poor people.

- We can engage poor people in maintenance work of all the basic necessities. 

- Ease of doing business is very important aspect to revive the industries. Once a demand will generate, the industry must be equipped with Man, Money, Machine, Material. And, above all, best management support from Government. We can start single window system for businessman and industrialist in 'letter & spirit'.

- Keep an eye on companies coming out of China or new industries in pipeline to be established. Select electronics and medical as thrust area.

- Last but not least, promote organic agriculture at state cost. It is cheaper to cultivate in long run, high selling price and good for mankind.

Real Estate after Corona Pandemic

Real Estate after Corona Pandemic

Corona Pandemic has given a big jolt to the economy of World as a whole. The production units are shut down and offices are closed. people are locked in their houses. The economic activities are at halt. This has started showing adverse effects on jobs and earnings. Many employees have lost their jobs. Some are in the job but at lower payouts. 

The infrastructure sector is also amongst worst affected. No development work is going on. Biggest threat before everyone is of their own survival. Majority of people are losing their purchasing power. People will decrease consumption, which will adversely affect the demand. This will lead to lower production. The cumulative effect of this gamut will be lowering the surplus in the hands of people. This will ultimately reduce the demand of Property for some time.

More companies are offering "Work from home" to their employees. It will reduce their operating cost. The employees will also welcome this move as their travel time and exertion is reducing. The Government and local administration will also promote such type of work culture because load on infrastructure and public transport system will reduce. This new phenomenon will lower the demand of office spaces in near future. 

A price correction is evident in near future to the extent of 10-20% in residential sector and 20-30% in commercial sector/Office Spaces. At the same time we can not overlook a fact that every disaster end with new opportunities. Demand for spacious houses, remote located houses, newer designed houses will increase. The migration of companies from China will also boom the market, where these companies land.