Noida, short for the New Okhla Industrial Development Authority, is a city in India under the management of the New Okhla Industrial Development Authority (also called NOIDA) created under the UP Industrial Area Development Act. Noida came into administrative existence on 17 April 1976 and celebrates 17 April as "Noida Day". It was set up as part of an urbanization thrust during the controversial Emergency period (1975--1977). The city was
Noida is a major hub for multinational firms outsourcing IT services e.g. Headstrong, EXL Service, One97, MyKaarma, Abstract Consultancy, TSYS International, SDG Corporation, Dex Consulting, Search Value ITES Pvt Ltd, IBM, Miracle, AON Hewitt, Fujitsu, Ebix, CSC, Fiserv, TCS,WIPRO, HCL, Tribal Fusion, Tech Mahindra, Adobe, Ericsson, DELL, Sparta Consulting, Patni Computers, Corbus, Accenture, Samsung JK Tech, Metlife, Smartchip, Avis e-Solutions, Indus Valley Partners, The Smart Cube, Many large software and business process outsourcing companies have their offices in the city.
Many other companies have their Indian branch offices in Noida, because of many factors, including its Special Economic Zone status, its suburban atmosphere and its proximity to Delhi. Noida also hosts the head office of the Software Technology Park, which was established by the Government of India to promote the software industry.
Noida is a major hub of industry. Noida has quickly emerged as a hub for automobile ancillary units, with companies like Escorts, Honda-SIEL , Moriroku Technology India Pvt Ltd and New Holland Tractors (JV of FIAT with Ford). A Daewoo plant was also located in the city, but has since closed. Major manufacturers and others like Alstom, ISGEC, LG, Samsung, Ericsson and music company T-series also have their corporates in the city.
Source: Wikipedia
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