Economy
The city has a large steel industry due to which it is also known as "The City of Steel". As of June 2012, Hisar is India's largest galvanized iron manufacturing city, beginning with Pipe Unit Jindal India Limited in 1964 and followed by Jindal Strips Limited in 1969. Other prominent steel and pipe manufacturing companies are Quality Foils Private Limited, Hisar Metal Industries Limited, Haryana Concast Limited, Haryana Tube Manufacturing Private Limited, Ravindra Tube Limited and Janak Steel Tubes Private Limited.
Additionally, a large textile industry is based in the city. Major textile companies are Hisar Textile Mills, Hansi Cooperative Spinning Mills and H.P. Cotton Textile Mills Limited. The Oxygen manufacturing unit Haryana Oxygen is also present.
Hisar has Asia's largest automobile repair and spare parts market in terms of radius and area. It also has a large number of livestock farms. Asia's largest and world's second largest cattle farm, Central Livestock Farm, formed there in 1809. Another major farm is the Central Sheep Breeding Farm.
Eminent business persons from Hisar are Subhash Chandra, Chairman of Essel Group; O. P. Jindal, founder of Jindal Steel and Power; Prithviraj Jindal, VC of Jindal Saw Limited; Sajjan Jindal, CMD of JSW Steel; Ratan Jindal, VC and CEO of Jindal Steel and Power; Naveen Jindal, CMD of Jindal Steel and Power; Mange Ram Agarwal, Founder of Action Group; B K Goenka, Vice Chairman and Managing Director of Welspun Group and Kuldip Bhargava, Managing Director of Quality Group. Savitri Jindal, non-executive chairperson of Jindal Group and a resident of Hisar is the wealthiest woman in India and the 10th wealthiest woman in the world.
The city has been identified as a counter-magnet city for the National Capital Region to attract migrants and develop as an alternative centre of growth to Delhi. The liberalization of the economy has encouraged many international brands to open retail outlets in the city. The first mall, Suncity Mall, was opened to the general public in 2006. Connaught Place, planned as a one stop luxury location with multiple 5 star facilities, is under construction in Sector 25.
Read more about this topic: Hisar, Haryana
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)