Economy
The city contributes to the economy of the state with heavy and small scale industries under the patronage of Gujarat Industrial Development Corporation (GIDC) and Gujarat State Financial Corporation (GSFC). The economy of Rajkot got another shot in the arm with 28 crore World Bank aid for development of infrastructure of the city. Many a renowned business houses made a beeline for grabbing the property market in the city, before it skyrockets. The plans are already in place to beautify and modernize the ancient city, including a Rock Garden, ala Chandigarh. Another 25 crore project to rebuild the Kaiser-e-Hind, the only major bridge linking to the city, is already nearing completion. All such infrastructure development will add to the economic wealth and promote the local business houses.
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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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)