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LATEST NEWS UPDATES | Is Gurugram going the Kolkata way? -Kanika Datta

Is Gurugram going the Kolkata way? -Kanika Datta

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published Published on Nov 21, 2021   modified Modified on Nov 23, 2021

-Rediff.com

Militant labour policies compounded a poor security environment for capital in West Bengal and encouraged the business community to relocate. constraining the private sector’s right to hire freely could well be the coup de grace. As with Calcutta/Kolkata, it will probably take a decade for Gurgaon/Gurugram to feel the difference, says Kanika Datta

Gurgaon, the city that accounted for a significant amount of Haryana’s GDP long before it became Gurugram, is unlikely to see an immediate mass exodus of businesses following the notification of this troublesome law mandating 75 percent of locals in private enterprises from January 15 next year.

That’s because the law applies to new hires earning up to Rs 30,000 and having lived five years or more in the state.

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Rediff.com, 21 November, 2021, https://www.rediff.com/business/special/is-gurugram-going-the-kolkata-way/20211121.htm


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