Economy
Due to its mountainous region and forest reserves Junagadh lacks major industries or plants. However main earning sectors for Junagadh are Mineral based Cement industry, Agriculture based industry and Power sector. Presence of huge reserves of Limestone, makes the cement industry a thriving industry sector. Major crops produced in the district are wheat,oil seeds, cotton, mango, banana, onion and brinjal. Total production of Oilseeds in Junagadh in 2006-07 was 4,64,400 MT which was the highest in the state. Junagadh is the largest producer of Groundnut and Garlic in the State contributing 26% and 34% to total production respectively. Junagadh has Asia's largest Ground nut research laboratory. Mango and onions are produced in large quantities in the district.
Some of the large scale industry present in Junagadh are Agro Marine Exports, Creative Castings Ltd., Gujarat Dairy Development Corporation, Austin Engineering. With an investment of INR 4,000 crore (USD 975.6million), JSW Power Co. propose to set up coal based power plant at Simar in Junagadh. The economy of Junagadh is mainly based on agriculture. With the new Government policy of biotechnology, Junagadh has been identified as one of the agriculture biotechnology zone. This will boost setting up of agro-biotech industries in the district.
Junagadh boasts of some of the best tourist destinations in the State so Tourism is definitely a progressing sector. The State Government has sanctioned the project for development of Circuit Tourism project at Junagadh.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
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—Jane Jacobs (b. 1916)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)