Economy
Tanuku's high literacy rate and a couple of geographic advantages have helped it's economic growth. It is a part of the Godavari River basin, which is one of the most fertile regions in the country and forms part of the rice bowl of India. Other crops grown are sugar cane, bananas, coconuts and many different types of vegetables, especially brinjal.
Retial giants like Bombay Dyeing, Raymond and recently Peter England in textiles and Reliance, More in FMCGs have made their way to this town trying to tap the quick growing middle class income. IT enabled companies like Iton Corp, Oman based and Vectramind Technologies, Dubai based companies are among the few Corporate companies in Tanuku serving International clients.
Tanuku is one of the few places in the country that has an abundance of UDMH-MMH (monomethylhydrazine), an important liquid rocket fuel very commonly used in the orbital maneuvering system (OMS) engines of NASA’s Space Shuttle. The largest industry in Tanuku is Andhra Sugars. There are seven medium scale and several small scale industries in and around Tanuku.
Major sources of employment are Agriculture, Health, Pharmacy, Industries, Real estate, etc...
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)