Economy
The district has mainly aggro-based economy. The main crops are jute and paddy. Other crops include peanut, wheat, oilseed, pulse, turmeric, onion, garlic and coriander. Many fruits are also produced, notably mango, jack fruit, blackberry, palm, coconut, betel nut, kul, tetul, bel, papaya, banana, and guava. The main exports are jute, Helsa fish and sugarcane.
Faridpur is famous for producing high quality raw jute. Once the principal earner of the country's economy, the jute industry has suffered a decline in recent years due to low prices on the international market, leading to many jute plants shutting down. However, Faridpur still has quite a few which are also some of the most prominent. They include notably Faridpur Jute Fibers and Sharif Jute Mills.
The district, being on the banks of the Padma, also accounts for a significant portion of exports of Helsa fish. The Helsa found in Padma are immensely popular at home and abroad and are called the Silver Helsa. The district has thriving fisheries and a growing poultry industry.
Manufacturing is moderate in the district although there are several industries. Kanaipur Industrial Area was set up in Faridpur town during late 1980s. There are many sugar mills and jute plants as well. Some of the leading industries of the district are listen below:
- Faridpur Jute Fibers
- Pride Jute Mills
- Aziz Jute Fibers
- Aziz Pipes
- Faridpur Sugar Mills
- Khankhanapur Textile Mill
- Saiyed Jute Spinning
- Karim Jute Mill
- Faridpur Cold Storage
- Sharif Jute Mill
- BADC Cold Storage
- Rokeya Textile
- A H Jute Mills
- Altu Khan Jute Mills Ltd (Panna Group)
In 2009, the Bangladesh government announced plans to construct the long demanded Padma Multipurpose Bridge. When completed in 2012, it will be the longest bridge in South Asia. The Padma bridge will greatly help in developing the Greater Faridpur region as it would connect Dhaka with the districts.
Read more about this topic: Faridpur District
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