Rudrapur’s industrial revolution

Rudrapur (India) is one of the best investment opportunities on the global market, claims DSR…

Rudrapur in India is in the midst of an industrial boom, which is great news for prospective property investors.

A spokesperson for David Stanley Redfern, enthused: “Rudrapur presents such a massively good opportunity because of the level of new businesses and factories coming into the area. Some 465 new factories will be built and create a massive industrial estate on the outskirts of Rudrapur by Dec 2008.

”The new factories are being built in the area because the government appointed the 4200 acre site a Special Economic Zone. First seen in China the SEZ program offers companies major incentives for moving or opening their operations in the SEZ, the main incentive being complete exemption from income tax for the first five years, and a discount of 30% on their income tax for the next five years.

Boosting the economy

The spokesperson continued: ”465 other companies have been allocated plots since then, 388 factories are being built and 77 have been completed and are already manufacturing goods and boosting the economy.

By the time all factories are complete 50000 people will be employed on the site, and a further 250,000 will be indirectly employed by the new factories (area managers, sales reps, sellers, retail outlets taking on new staff etc).

”Some of the 50,000 employed directly, actually in the factories will be from Rudrapur, but most of the 300,000 will come from outside the area, and will be looking for high quality rental accommodation in Rudrapur.

So far only 10,000 new units are being built or are scheduled for Rudrapur, this will create a supply shortage and a high level of demand for quality rented accommodation.