Manali Business and Economy


Manali business and economy has been developing at a very fast pace. The economy of Manali is mainly based on horticulture and tourism. A number of fruits like pears, apples, orange was first grown in Manali by British settlers who realized that the climate and the soil of the region was perfectly suitable for the cultivation of fruits. The fruits that are grown in Manali fulfill the local requirements and also in other parts of India also.

Some of the banks which are providing various financial services in Manali are:
  • Kangra Central Co-op Bank
  • State Bank Of India
  • Punjab & Sind Bank
  • Punjab National Bank
  • Himachal Gramin Sanchayaka
  • UCO Bank
  • Bank Of India
Tourism industry of Manali plays a vital role in the economy of the state. The natural beauty of the region attracts huge number of tourists, thus generating both jobs and money for the local people. The city is popular among the tourists for numerous temples, beautiful valleys, streams, rivers etc. The main economic activities in Manali are tourism, hospitality and other associated industries, like handicrafts industry, hand loom and power loom industry. The city has many Medium Scale Industries and Small Scale Industries engaged in the production of flour mills, spinning mill, mineral water bottling, food processing and ready made garments etc. Some of the very common businesses of the region are canned fruits, bottled fruit juice and other products like pickles, jams and jellies.





  Related Links  
     


     

Which is the longest National Highway in India?Previously known as National Highway 7, National Highway 44 (NH 44) is the longest-running National Highway in India. It is 3,745 km long and covers the North-South Corridor of NHDP. It starts from Srinagar in the north and ends in Kanyakumari in the south. NH-44… Read More...
Which Indian state is the largest producer of silk?Karnataka is the largest producer of silk in India. The state produces an average of around 8,200 metric tonnes of silk every year, which is about one-third of the total silk production in India. Up to November 2017, Karnataka has produced 5,962 metric tonnes of… Read More...
Which is India's poorest state? As per the National Family Health Survey 2015-16 (NFHS-4), Bihar is India's poorest state with 43 percent incidence of Multidimensional Poverty (MDP) and having more than 50% households in the bottom wealth quintile. Despite India being… 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