Economy
The Govindpura industrial area has 1044 small- and medium-scale industries involved in various kinds of production activities.
Bharat Heavy Electricals Limited, the largest engineering and manufacturing enterprise in India, has a unit in Bhopal. It occupies a large area in the Eastern Part of the city and maintains a suburb named after it. A majority of the residents of the BHEL Suburb are employed by the unit.
The major industries in the old city are electrical goods, medicinal, cotton, chemicals and jewelry. Other industries include cotton and flour milling, cloth weaving and painting, as well as making matches, sealing wax, and sporting equipment. The residents of Bhopal also engage in large retail businesses. Handicrafts, like zardozi and batua (a small string purse, usually used with Indian traditional dresses) are some of the products of the Old City. In addition, there are also a large number of garages in the Old City which specialise in automobile conversion. These garages produce custom-modified and tuned cars, SUVs and motorbikes.
Bhopal is also home to the DB Corp, informally called the Bhaskar Group (after its major publication Dainik Bhaskar), a Rs. 1700 crore (Rs. 17 billion) business conglomerate with strong presence in media. Its head office is located in Maharana Pratap Nagar. Manjul Publishing House, located in the old city, is a major publishing house made famous by the translation of the Harry Potter series of novels into Hindi.
Mandideep is an industrial suburb of Bhopal. It is located to the South of the city on the NH 12. Mandideep's total exports are worth some 2,300 crore rupees ($500m; £300m) per year, making it the largest industrial area in Madhya Pradesh. The town is home to Hindustan Electo Graphite (HEG), owning the largest graphite electrode plant in the world and is the largest industrial company in the entire state. Hindustan Electro Graphite (HEG) and Lupin Laboratories ltd. are the dominant companies in the suburb, each exports worth around 900 crore rupees. Apart from that, Mandideep also houses the manufacturing plant of Makson group of company, Eicher Tractors for the oldest tractor manufacturers in India.
Read more about this topic: Bhopal
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)