The national capital region (NCR) is the largest commercial center of northern India. Delhi along with its nearby regions such as Noida, Gurgaon, Greater Noida, and Faridabad have attained significant industrial progress. Gurgaon and Noida have emerged as the most important offshoring centres in the world. Key service industries are information technology, telecommunications, hotels, banking, media and tourism. The city boasts premier institutes in engineering, arts, commerce, management, medical - Faculty of Management Studies (FMS) and Indian Institute of Foreign Trade (IIFT), All India Institute of Medical Sciences (AIIMS), University of Delhi, and IIT Delhi.