The first 'Financial Service Park' for industry being set up ata)Guragaonb)Suratc)Bangalored)PuneCorrect answer is option 'A'. Can you explain this answer?

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The first 'Financial Service Park' for industry being set up at

a)
Guragaon
b)
Surat
c)
Bangalore
d)
Pune

Correct answer is option 'A'. Can you explain this answer?

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The first 'Financial Service Park' for industry being set up ata)Gurag...

Financial Service Park Location:
The first 'Financial Service Park' for industry is being set up at Guragaon.
Reasons behind selecting Guragaon:
- Strategic Location: Guragaon is strategically located near the national capital region (NCR) of India, making it easily accessible for businesses and investors.
- Proximity to Financial Hubs: Guragaon is in close proximity to major financial hubs like Delhi and Noida, which makes it an ideal location for a financial service park.
- Established Infrastructure: Guragaon already has a well-developed infrastructure with modern amenities, making it suitable for setting up a financial service park.
- Availability of Skilled Workforce: The city is known for its pool of skilled professionals in the financial sector, which would be beneficial for businesses operating in the financial service park.
- Support from Government: The government of Haryana has been actively promoting Guragaon as a business and investment destination, providing various incentives and support for setting up industries in the region.
Expected Benefits of Financial Service Park in Guragaon:
- Employment Opportunities: The establishment of the financial service park will create numerous job opportunities for the local population, contributing to economic growth and development.
- Business Synergies: The clustering of financial service companies in one location will foster collaboration, knowledge sharing, and innovation within the industry.
- Attracting Investment: The presence of a specialized financial service park is likely to attract domestic and international investors, further stimulating economic growth in the region.
- Infrastructure Development: The development of the financial service park will lead to the creation of modern infrastructure, including office spaces, technology parks, and other necessary facilities.
In conclusion, Guragaon has been chosen as the location for the first 'Financial Service Park' due to its strategic location, proximity to financial hubs, established infrastructure, availability of skilled workforce, and government support. The financial service park is expected to bring numerous benefits, such as job creation, business synergies, attracting investment, and infrastructure development, which will contribute to the overall economic growth of the region.

Answered by Notes Wala · View profile

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