Economy and Trade
Saharanpur is a flourishing business city and an important regional centre of wholesale and retail trade, particularly in grain, timber, textiles, and food and beverages. The trade can be divided into three categories: A. Food - Grains, Vegetables and Fruits. Milk and milk products. B. Agro Based Industries - The most important industries are Sugar, Gur, (Cotton) Textile and Cigarettes. C. Industrial Goods- Paper, Sugarcane, Hosiery Material & Wood Carving.
Its grain market receives the agricultural produce of the Doab region. The wholesale market (Anaaj Mandi), for grains and other agricultural produce, is located on Chilkana Road. The timber market traditionally receives supplies from the northern hilly forest regions to support the local woodcarving cottage industry and other demands. The wooden handicrafts industry is the basis of livelihood for half of the population and source of recognition globally. Beautiful art and utilitarian woodwork objects are displayed and sold in the market from near Ambala Road up to Chilkana Road. In the last few decades, Pul DalMandi is very popular area to fulfill the daily requirements Where Aggarwal Brothers is very Popular Kiryana store, the Punjabi Market and Kamboh Katehra market have experienced a high volume of textile trade. Hosiery has become a significant cottage industry, supplying goods to Ludhiana market, other nearby cities, and Uttarakhand’s markets.
Historically, the common householder's market is centred in the compact area around the landmark Jama Masjid. Within a radius of less than half a kilometre around it, a network of narrow roads is lined with groups of shops selling commodities from jewellery to groceries. Modern show rooms, retail outlets of branded goods, and branches of several major banks are located in the Court Road market, near the city’s Civil Court and the Collectorate offices. The city does not yet have any shopping malls.
A weekly spectacle is the busy Mangal Bazar (Tuesday Market) that springs up on the long road of Nehru Market and its surrounds, when the city's shops are closed for the weekly holiday. Household needs, tools, appliances and their parts are available; the quality and price are aimed at the lower-end customers.
A multinational cigarette manufacturing company, the Indian Tobacco Company (ITC Limited) previously known as the Anglo-American Tobacco Company and the Imperial Tobacco Company, is located in Saharanpur. This factory was built in the 1930s by Baba Shib Dayal Bedi. He was the Municipal Commissioner of Saharanpur during this period. Cherisys Technologies has entered the city as an IT solutions provider after moving to the city from New Delhi. Cherisys Technologies was the first IT solutions provider in the city. Star Paper Mill, Sugar Mill, Hardboard Mill, Textile Mill, and Wood-seasoning Mill are other important industrial enterprises located in the city.
Read more about this topic: Saharanpur
Famous quotes containing the words economy and, economy and/or trade:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)
“Experience has shown that the trade of the East is the key to national wealth and influence.”
—Chester A. Arthur (1829–1886)