Economy
Historically, when Raipur was a part of Madhya Pradesh, it was the second major commercial centre in Madhya Pradesh after Indore. Traditionally, Raipur's economy has been based on agricultural-processing, Steel, Cement, Alloy, Poha and Rice. The city is located centrally in the state of Chhattisgarh, and now serves as a regional hub for trade and commerce for a variety of local agricultural and forest products.
The traditional face of city has changed with Raipur becoming an important regional commercial and industrial destination for the coal, power, Plywood, steel and aluminium industries. Raipur is Largest market of Steel in India. Raipur is among the richest cities and India’s biggest iron market; there are about 200 steel rolling mills, 195 sponge iron plants, more than 6 steel plants,more than 60 Plywood Factories 500 agro-industries and more than 35 ferro-alloy plants. There are more than 800 rice milling plants, and all major and local cement manufacturing companies(Century Cement, Ambuja, Grasim, Lafarg) have a presence in the city. Raipur also has a big chemical plant which produces formalin and distributes throughout the country. Raipur has a Wagon repair shop, where wagons of goods trains are repaired.A heavy machinery plant of Jindal group is situated in raipur. Sponge iron plants of major steel companies including Monnet, JAYASWAL NECO STEEL PLANT are situated in raipur.L.P.G BOTTLING Plants of Bharat Petrolium and Hindustan Petrolium are also present in the city. The Industrial Areas of Raipur are:Urla and Siltara(heavy and medium scale industries), Bhanpur,Birgaon,Gondwara(medium and small scale industries).A world class engineering consulting group "Spongytech consulting Engineers Private limited" head office in Raipur.
Read more about this topic: Raipur
Famous quotes containing the word economy:
“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)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)