symbolic picture
– Photo: Amar Ujala
Expansion
This news is shocking amidst the increasing economic investment in the district. Here, within the last six months, more than five thousand companies were locked due to various reasons. The data received from the Employees’ Provident Fund Organization confirms this, although the department claims that most of the companies being closed are of lower category and their closure has no direct relation with the investment taking place in the district.
Also, employees in companies in the district have increased from 9.66 lakh to 12.88 lakh. Efforts are being made on a large scale for huge investment in the district. A total investment target of Rs 3 lakh crore was set by the government in all three authorities. It is claimed that this target has been achieved.
Overall, MoUs worth more than Rs 3 lakh crore have been signed so far with various companies. On the contrary, according to the data of the Provident Fund Department, where 31093 companies were registered in the district till June 2023, now this number has reduced to 25700.
Even experts are surprised at the closure of such a large number of companies. It is believed that the companies that have closed down are startups, which could not survive for long. Chaman Singh Bhadana, Chairman of the Institutes of Chartered Accountants of India (Noida), says that due to continuous negligence in dealing with the GST department, many companies are penalized.
