Economy
Muzaffarnagar lies in what is called the Sugar Belt of Western Uttar Pradesh. The region is one of the important sugarcane producing regions in the world. Sugar and jaggery (Hindi: गुड़) production are important industries in the Muzaffarnagar district. As a result of the farming activities around, the city is an important hub of jaggery trading business. Naveen Mandi Sthal situated in the eastern outskirts of the city is the trading hub for Jaggery and other agriculture produce. Due to its level of production and sophistication in the sugar and related business, the city currently boasts of its riches based on the sugar industry which has been present here since long.
Muzaffarnagar is an important industrial town with sugar, steel and paper being the major industries. District Muzaffarnagar has 11 sugar mills. Many steel companies market their steel products, including angles and bars, through media in the country. Hence adding another aspect to Muzaffarnagar's popularity in the country.
More than 40% of the region's population is engaged in agriculture. According to Economic Research firm Indicus Analytics, Muzaffarnagar has the highest agricultural GDP in Uttar Pradesh. It has the largest granary in UP. Despite of this much of economic power, the city has been absent from the map of the foreign and modern business establishments. However, the situation is now changing and many MNC's are looking to open business in the city. Infrastructure development is also happening with several housing, highway and civil works being undertaken by the government. Improvement of the railway infrastructure is also currently underway.
Read more about this topic: Muzaffarnagar
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)