Economics
Budge Budge owes much of its importance to the oil storage and jute mills. Being close to Calcutta and on the shores of Hooghly river makes it a strategic location for oil storage and is the biggest oil storage for the metropolis Calcutta with big PSUs like Petroleum Wharves Budge Budge (PWBB)under Kolkata Port trust. BPCL, HPCL, IOC having large units there. Jute mills were the biggest employers in the area till they started falling sick. Prominent among them are New Central Jute Mill and Budge Budge Jute Mills. At their height before 1971 these jute mills used to employ thousands of workers (New Central Jute Mills has been said to have employed as many as twenty thousand people) but after the partition of India and the subsequent creation of Bangladesh, supply of raw materials for these jute mills decreased. This, along with failure of trade unions lead to the closing of most of these jute mills.
The Budge Budge thermal power plant set up by CESC in Achipur (named after a Chinese called Achhu saheb by the locals who had established a sugar cane unit there) is a major source of electricity for Kolkata and its suburbs.
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