Economy, Commerce and Industry
Bharuch has always been prosperous because of its location on the Narmada River. Although water tends to be scarce in Gujarat, one never finds difficulty in getting water in Bharuch. As a result of this, agriculture and other linked commercial activities have flourished in Bharuch. Bharuch is also a central stopping point for many villages spread around its boundaries. People from these small villages come to Bharuch when they want to shop for new clothes, or make a major purchase. Lately a lot of retiring expatriates have been returning to Bharuch and building new houses giving the economy a boost.
Traditionally, Bharuch has been the center of the peanut processing and marketing industry with a well established brand name around the country. Almost none of the peanuts are grown in Bharuch itself but the best of the crops from neighbouring regions are brought here for processing. Mr. Kirit P Modi a local resident and businessman holds the Intellectual Property rights for manufacturing roasted salted peanuts in a hygienic process. Bharuch is also the home of the Bandhni method of clothing design and is well known for this traditional art form.
At present, this heavily industrialised city is renowned for its textile mills, chemical plants, long staple cotton, dairy products and much more. Gujarat's biggest liquid cargo terminal is situated here. It also houses many reputed multinational companies like Videocon, BASF, Reliance, Welspun Stahl etc. Bharuch is a shopping center well known for its salty peanuts. Because of the distinctive colour of the soil here that is ideal for cotton cultivation, Bharuch is sometimes referred to as 'Kanam Pradesh' (black soil land).
In the past 10 years or so a major part of population has moved to countries like United Kingdom, United states of America, The African continent, & other parts of Europe. This definitely brings some economical boost to the local businesses as people come back for vacations & spend their earnings here.
Read more about this topic: Bharuch
Famous quotes containing the words commerce and/or industry:
“While the focus in the landscape of Old World cities was commonly government structures, churches, or the residences of rulers, the landscape and the skyline of American cities have boasted their hotels, department stores, office buildings, apartments, and skyscrapers. In this grandeur, Americans have expressed their Booster Pride, their hopes for visitors and new settlers, and customers, for thriving commerce and industry.”
—Daniel J. Boorstin (b. 1914)
“What more is necessary to make us a happy and prosperous people? Still one thing more … a wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from labor the bread it has earned.”
—Thomas Jefferson (1743–1826)