Economy

ECONOMY

Nagpur is an emerging Metropolis of India and the fastest growing millionaire city also. Nagpur has been the main center of commerce in the Vidarbha region since early days and is an important trading location. The city is ranked 11th most competitive city in the country by the Institute for Competitiveness in its 2012 report. The city is important for the banking sector as it hosts the regional office of Reserve Bank of India, which was opened on 10 September 1956. The Reserve Bank of India has two branches in Nagpur in which one of it houses India’s entire gold assets.

Sitabuldi market in central Nagpur, known as the Heart of the city, is the major commercial market area Itwari, Mahal areas also host large number of small businesses and are very famous for shopping. Kalamna is one of the largest wholesale markets for oranges and grains in Asia.

The Butibori industrial area is the largest in all of Asia in terms of area. The estate’s largest unit is of Indo Rama Synthetics, which manufactures synthetic polyester yarn. Other units in Butibori include the power transmission company KEC, Hyundai Unitech, ACC Nihon Castings Ltd. Koradi Thermal Power Station and Khaparkheda Thermal Power Station are the two major thermal power stations located near Nagpur and operated by MSPGCL.NTPC has a Super Thermal Power Plant in Mauda around 40 km from Nagpur whose first plant is commissioned.

The Hingna industrial estate located on the western fringes of the city is made up of around 900 small and medium industrial units. The major ones among them are tractor manufacturing plant of Mahindra and Mahindra, casting units of NECO Ltd. (the country’s largest casting group), units of International Combustion, Bajaj Auto group, Candico (the second largest confectionery manufacturing plant in India. Ajanta toothbrushes, and Sanvijay Group (largest steel rolling group of companies for long products in Central India). Nagpur is home to ice-cream manufacturer Dinshaws, Indian dry food manufacturer Haldiram’s, Indian Ready to Cook food manufacturer Actchawa and Ayurvedic product company Vicco and Baidnath.

Large and Medium scale Enterprises : Some of the major public sector, large and medium scale enterprises are given below..

1. WCL, Nagpur
2. MOIL, Nagpur
3. Ordnance Factory, Nagpur
4. M.S.E.B., Nagpur
5. Maharashtra Electronics Corporation Ltd, Nagpur.
6. ISPAT Industries Ltd, Nagpur>
7. Reliance Polyesters, Mouda, Nagpur
8. Indorama Syntehtics (I) Ltd, Nagpur
9. Farmhouse Biscuit Co.Ltd, Nagpur.
10. FACOR, Nagpur
11. Dinshaw Dairy, Nagpur.
12. VIP Industries Ltd, Nagpur>
13. Mahindra and Mahindra Ltd, Nagpur
14. Sunflag Iron and Steel Co. Ltd, Nagpur
15. ACC Nihon Castings Ltd, Nagpur
16. Noga Factory, Nagpur
17. Associated Cement Companies Ltd, Nagpur.
18. Lloyds Metals and Engg. Ltd, Nagpur
19. Lloyds Steel Industries Ltd, Nagpur
20. Woodworth India Ltd, Nagpur.
21. Central Railway, Nagpur
22. S.E. Railway, Nagpur
23. Bakeman’s Industries Ltd, Nagpur
24. Murli Agro Products Ltd, Nagpur
25. Shakti Press Ltd, Nagpur
26. NTPC, Nagpur
27. Perfect Spinners Ltd
28. SKG Refractories Ltd, Nagpur.

ICD Nagpur-Focal Point of Logistics : Located at the center of the country, Nagpur is the natural logistics hub for the Indian Subcontinent for movement of international and domestic cargo. The “Zero Mile” at Nagpur not merely a geographical reality, but is becoming the focal point of logistics infrastructure. It is the converging point of the nations’ railway and road network linking a vast hinterland. CONCOR’s inland Container Depot (ICD) at Nagpur is located behind Narendra Nagar near the Ajni Marshalling Yard of Central Railway. It is linked by rail to the east-west and north-south trunk rail routes making it possible to run trains from and to all parts of India. It is also well connected by the Ring Road to the National Highway No. 6 (Mumbai to Kolkata) and National Highway No. 7 (Varanasi to Kanyakumari)

Fruit Processing – Orange Based Industries : Nagpur is popularly known in our country as Orange City, because it is famous for the production of oranges. Nagpur district have wide potentiality to set up small scale industries based on Orange products. Oranges are produced in the following tahsils i.e . Nagpur(Rural), Katol, Narkhed, Kalmeshwar, Saoner, Bhiwapur and Karanja. The oranges in this area are marketed at different parts of the country. Processed oranges can have potentiality for exports and hence processing units could be considered at Nagpur district. There is a scope to start orange based processing industry. This industry can be started at Katol, Narkhed, and Kalmeshwar talukas.

Oil Industry:Soyabean based products is increasing day by day due to health conciousness among the people which are soyamilk, soya vadi, soyabean oil, soya biscuit and others. Soyabean by product is also been used for the production of cattle feed. Hence soyabean industry can be developed at Nagpur district.

Resources available in the district

The material resources could be broadly classified into following groups.

Material resources :

1. Agriculture : Nagpur district has basically an agrarian economy and the rural economy is inextricably woven with the district economy. The district has total geographical area of 9892 Sq.Km. Out of these 644 th. hq. is cultivable area. The main crop of the district are Paddy, Jowar, Cotton, Tur and Soyabean. The area and production of principal crops are given in Table -A

Table – A

Production, Productivity of Principle Crops

Floriculture: As a cash crop, concept of growing different variety flowers in the district is on constant increase. Indication of society towards flower decoration on different occasion has enhanced. Total area under floriculture was 22742 hectares and the total production of Rose, Shewanti, Zendu, Nishigandha, Gladioli, Gaillardia, White Lilly, Goldenrod, Dezi, Mogra and Ostre are 1365.53 M.T. Camomile, Rose, Mogra, Lilly and Marigold can be developed in Nagpur distt. for the industrial use. It may used to manufacture perfumes, Rose water and Gulkand. The important cut flowers like Rose, Lilly, Chrysanthemum, Gladidus, Carnation, Tuberose and Orchids can be developed in Nagpur for Exports.

Land Use pattern: The total area of the district is 986 thousand hectares of which forest cover 159 thousands hectares, 121 thousands hectares are not used for the Agriculture and area under cultivation is 644 thousands Hectares. The land utilization pattern of the district is given in Table -B

Table – B

Land Utilisation

Mineral Resources: Nagpur district is moderately rich in minerals. Deposits of coal, manganese Ore, Dolomite, Limestone, Iron Ore, Clay, Copper Ore, Chromites, Tungsten Ore, Zinc Ore and Quartz etc. are found in the district. Coal reserves have been found in the North-West belt of the district i.e. from Saoner to Kanhan (Kamptee apart from the high grade coal found in Umred tahsil. Nagpur district is richly endowed with Manganese ore and the district is well placed in the country as far as production of Manganese ore is concerned. Manganese ore is found particularly in Ramtek and Saoner tahsils. Good quality limestones are found in Kandri and Deolapar, Mica and Tungsten are also found in the district. The sand from Kanhan River is considered to be of high quality as far as the construction of buildings is concerned.

Table -C(Part-I)

Mineral production in Nagpur district 2006-2007

Table -C(Part-II)

Mineral deposits in Nagpur district

Forest : During the year 2011-2012 an estimated 2523 Sq. K.Ms. of area was under forest which is 25.51% of the total area. Most of the land under forest can be found on the banks of Pench River, at the foot hills of Satpuda in Ramtek tahsil forest has been divided in 3 categories namely reserved, protected and unclassified. Area under these categories are given below.

Table -D

The Major and Minor forest products of the district for the year 2005- 2006 are given in the table-E

Table E

Fisheries : Out of the total geographical area of the district an area of 15037 hectares can be used for fish farming apart from the 650 Kms long area under river water. During the 2010-2011 the fish production in the district was around 11200M.T. valued at approximately over Rs. 5600 lacs. Maharashtra Govt. has undertaken various developmental schemes/project for fish farming.

Sericulture: Sericulture a bio-agro industry in India is practiced since time immemorial and our country stands in the third position in production of raw silk in the world.

India has also the distribution of producing all the three commercially known varieties of silk viz.Mulbery, Tassar, Iri and Murga. Maharashtra state stands third in the country in Mulbery and Tassar cultivation according to latest estimates. The present area under Sericulture in Nagpur district is about 141.00 acres which is mostly concentrated in Nagpur, Kalmeshwar, Katol, Narkhed and Ramtek of Nagpur district.