Nagpur Business and Economy



With the advent of modern times, Nagpur business and economy experienced an entirely new resurgence. This was entirely due to a remarkable increase in the amount of different sort of commodities that were traded. Since time immemorial, the city of Nagpur had served to be the major center of activity concerning trade and commerce in the Vidarbha area. But, the growth of Nagpur business and economy suffered a minor setback, compared to technologically sound cities like Mumbai and Pune, when the domain of Vidarbha was merged into Maharashtra.

But, times have changed and the Government has decided to invest a mammoth amount of approximately 5000 crores in order to build the business infrastructure of the city. This amount was sanctioned in the year 2004. Currently, the Butibori industrial area forms a major portion of the economic backbone of Nagpur. In terms of area, the Butibori industrial area is also the biggest in the whole of Asia. The major product of this region is synthetic polyester yarn.

The other companies that form an integral part of the business and economy of Nagpur are Hyundai Unitech, KEC, ACC Nijon Casting Limited. Other companies who have contributed significantly in the evolution of business and economy in Nagpur are Videocon washing machine plants, textile units of esteemed companies.

Another important boost provided to the business and economy at Nagpur is by the industries that are located on the western fringe of the city. These industries include the following:-

The Hingna Industrial Estate that consists of a staggering 900 medium and small plants including juggernauts like NECO Limited Casting units, Mahindra and Mahindra , Bajaj Auto Group, Ajanta Toothbrushes, Candido, Vicco Laboratories and many Units of International Combustion.

For further information on Nagpur Business and Economy, please click on the following links:-



Last Updated on 9/26/2011





     


     

Which States Share Boundary with China?India, in total, shares land borders with 6 sovereign countries. China is one of those. Below are the Indian states which share borders with the country. 1. Jammu and Kashmir This northern state of India is mostly located in the Himalayan mountains. It shares a… Read More...
Which States Share Boundaries with Pakistan? There are four states that share a border with Pakistan, namely, Jammu and Kashmir, Punjab, Rajasthan, and Gujarat. The India Pakistan Border is quite intriguing. Since India has installed 1,50,000 flood lights on… Read More...
Which Places in India Still Largely Speak Sanskrit?Sanskrit is considered as Dev Bhasha, the language of Gods. It has a history of around 3500 years. It used to be a primary language of ancient India. Its earliest form Vedic Sanskrit, was prevalent from 1500 500 BCE. However, it is fading… 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