Business and Economy
Considering the 15,000 Cr sale of the textile products and nominal 20% net profit and 257,572 Population of the city, per capita income of Ichalkaranji is 1,16,472, amongst the cities having highest per capita income in the country. Ichalkaranji also ranks among city's with high ownership of Consumer products such as Home appliances & FMCG. Hypermarket such as Big Bazaar & D mart, Apnaa Bazzar has a store in city. Famous brands such as The Raymond Shop, a premium retail store offering complete wardrobe solutions for men, Peter England, Raymond, John Hill,Samsung, Fujifilm Kodak have authorized showrooms in the city of Ichalkaranji.'Big Bazar' shopping mall is also opened in year 2010 in Ichalkaranji.Also by the end of year 2011 many new brands like Mufti, Allen Solly, H&A, Fastrack, Reliance footprint, Titan have their showrooms in the city and many new showrooms are being opened in the city along with it Baskin Robins, Naturals, Ice n Spice, Carnival pizza, CCD are now in this city.
Approximately 40% of new automobile sales in Kolhapur district is from Ichalkaranjis Catchment area. Maruti suzuki, Tata Motors, Hero Honda, Bajaj, and TVS Motor have authorized sales and services centers in Ichalkaranji.
Ichalkaranji today is one of the fastest growing industrial areas in Maharashtra and has even been termed the "Manchester of Maharashtra".Having mixed community from all parts of India this is a cosmopolitan town by true means. The city's economy is driven predominantly by the textile industry.The textile industry is mainly dominated by local manufactureres & marwari(Rajsthani) traders. Engineering is the second largest industry of the city. There is much progressive agriculture in the area surrounding the city. Almost all banks in India have a branch in the city. Textile goods manufactured in city are sold all over India as well as exported to various parts of the world. Traders use Centralized Online Real-time Exchange Core Banking facility for financial transactions. Indian Settlement Systems such as Real time gross settlement RTGS and National Electronic Funds Transfer (NEFT) System is also available in almost all branches of banks in the city. Despite of all these Bankers clearing house in the city processes approximately 8000 Cheques on each working day. Clearing house is managed by the State Bank of India. Most of the Insurance and companies in India have offices in the city.
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