Bhavnagar Economy



The Economy of Bhavnagar is a balanced one in which both the agricultural and the industrial sector contribute equally to its growth. Diamond and cotton are the most significant resources of revenue. The economy of bhavnagar is considered to be a developing economy.

Bhavnagar Economy is primarily dependent upon the diamond jewelry business. Bhavnagar is a state in Gujarat which was established by Bhavsinhji Gohil in AD 1723 and is now considered to be one of the most important centers in Gujarat. It is a growing industrial city and an important commercial center, which earns a lot of revenue from cotton trade.

The Diamond City - Bhavnagar



Bhavnagar is famous for its diamond products. It is the biggest center for cutting and polishing of diamond in India. Most of the population in Bhavnagar is employed in the diamond cutting and polishing business. There are a number of firms which are involved in this business and their branches are spread all across India. Bhavnagar is situated near the Arabian Sea and the Gulf of Cambay. Therefore, it can carry on sea trade also. Bhavnagar harbors the biggest ship breaking yard known as the Alang. Many subsidiary industries are dependent on this shipping industry, which include rolling mills, oxygen plants and elicitation chambers.

Bhavnagar is one of the leading producers of cotton in the country and it exports cotton to other countries in the world.

Agriculture in Bhavnagar



The main agricultural produce of Bhavnagar consists of cotton, onion, bajra and groundnut. In Bhavnagar, one might come across the red colored pomegranates and guavas. These are specially produced in this part of the country.

The New Industrial Hub of India



Apart from the diamond industry, Bhavnagar is also slowly catching up with other parts of the country with the development of the IT sector. The engineering colleges have contributed a great deal in making the population computer savvy which has enabled the city to scale new heights in Information Technology.

Trade and Commerce



The city exports dry onions, cotton and shipping machinery. Their infrastructure also supports the development of large scale industries like the steel industry and the fertilizer manufacturing industry.

For more information on the Bhavnagar economy one might browse through the following pages:





Last Updated on 23 July 2012





     


     

Which state is the largest producer of uranium in India? The state of Andhra Pradesh is the largest producer of uranium in India. Tummalapalle village located in the Kadapa district of Andhra Pradesh is considered as one of… Read More...
Which Indian state produces the maximum wind power? The production of power from wind energy has considerably increased in the recent years. Very recently in June this year, India became the fourth largest country with 34.293 gigawatt of… Read More...
Which Indian state is the largest producer of diamonds? Madhya Pradesh is the only state with a diamond mine in the country as well as in Asia. During the year 2017-18, Madhya Pradesh has produced 28,424 carats of diamonds (up to December… Read More...


EU GDPR Update:
MapsofIndia has updated its Terms and Privacy Policy to give Users more transparency into the data this Website collects, how it is processed and the controls Users have on their personal data. Users are requested to review the revised Privacy Policy before using the website services, as any further use of the website will be considered as User's consent to MapsofIndia Privacy Policy and Terms.
We follow editorialcalls.org for border and boundary demarcations