Numerous economic policy changes and digitalization drives over the past few years have catapulted India to being the 5th largest economy in the world. Projections for the future suggest that we are soon to become the third-largest economy. One of the most significant factors culminating in this positive change beyond the above is the continuous increase in urbanization, which has always proportionately increased the demand for infrastructure, housing, and services, accelerating economic activity.
Government Initiatives Boosting Infrastructure and Digital Access
Several positive government initiatives like Make in India and Digital India are only further boosting the need for infrastructure because these campaigns are facilitating manufacturing in India, reducing the reliance on imports. Adding to this, Digital India’s digital push has made the internet accessible in the most rural areas of the country, driving a positive surge in the economy. These various aspects have perfectly created a platform for a surge in business parks, and the government’s recent allocation of INR 2500 Cr/- in the annual budget to build ready-to-use industrial areas has served as a catalyst.
Post-Pandemic Shift Towards Integrated Business Parks
This, along with a transition of global companies diversifying their supply chains post-COVID-19 pandemic, has smoothed the process of transition from conventional industrial parks to integrated business parks offering facilities for all kinds of businesses. We are witnessing a unique intersection in our country these days. On one side, there is an economic boom, and on the other side, we are experiencing an ever-increasing threat of global warming, climate change, and several environmental issues, which have now even become evident to the common man.
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Growth Through GMI Infra
Expanding Infrastructure Beyond Metros With Sustainability Focus
The economic boom has paved the way for all major sectors to thrive, and in particular, infrastructure. With all such businesses expanding beyond Tier-1 metropolitans and reaching Tier-2 and Tier-3 cities, where the ease of living would also enhance infrastructure development, it is imperative for business Parks to understand and incorporate sustainability, decarbonisation, and other green certificates.
Mohali Emerging as a Prime Destination for Business Growth
Mohali is one of the best examples of such cities that major businesses would be attracted to. The GMADA Aerotropolis is an ambitious project that is designed to perfectly cater to the needs of modern families and businesses. This is a confirmed 5500-acre project being developed in 4 phases. This is directly connected to International Airport and Airport-IT City Road. Major IT companies like Infosys, NetSmartz Technologies, and HDFC Bank Headquarters have already started their operational units in this region. Also, with proximity to prominent educational institutions like Plaksha University, Ashoka University, IISER Mohali, and Amity University, which are certain to provide an ample talent pool and workforce, the region is attracting many other industries, businesses, and start-ups.
GMI Infra’s Vision to Build Sustainable Infrastructure in Mohali
The opportunities provided by the economic boom are immense, setting the stage for unprecedented urbanisation and infrastructure development in tier-2 cities like Mohali. A visionary approach towards this can lead to nation-building and also provide a healthy contribution in the process of India becoming a developed nation. GMI Infra’s vision aligns not only with this mission; however, we consider this moment a huge responsibility to build innovative and world-class infrastructure. All our on-going and upcoming projects around this region, like GMI Business Park in Sector 102-A, Mohali, and GMI IT Tower in Sector 83-A, incorporate sustainability and decarbonisation not only as a compliance check, however, but as part of our DNA without any compromise. Our upcoming residential projects would incorporate optimum vertical gardening, and IT and other projects would be LEED and IGBC certified.
The Visionary Behind GMI Infra: Mohit Bansal CEO GMI Infra
Our CEO, Mohit Bansal, is the driving force behind this mission and vision. He is a visionary leader who withdrew the opportunity to settle down with a comfortable life in the United States after completing his dual degrees from the State University of New York. His vision of a developed India brought him back home, and he works round the clock towards nation building, with a mission to develop 10 IT parks in the north and east of India by 2030.
Business Parks: A Roadmap for India’s Urban and Economic Future
Business parks are the future in our country. With sustained economic-friendly policies like today, in the future, visionary leaders need to understand that the development of business parks even in tier-2 and tier-3 cities, with sustainability and decarbonisation incorporated, is the most organized way of gradual urbanisation. This would not just cater to the business needs, however, but also provide a roadmap for the future, as blue-collar people will also find immense employment opportunities during and after this transition.
It is very important for business leaders to utilize such opportunities to grow and also simultaneously give back to society and community. We, at GMI Infra, under the leadership of Mohit Bansal, are looking forward to leading this important transition and being a part of a historic time that will help India become a developed nation.
Read More: GMI Infra: Born from Vision, Built for the Nation | 5 Dariya News