Economy of Salem

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The economy of Salem, Tamil Nadu is mostly influenced by Information Technology, Steel, Textile industry, Agriculture and more. Salem is most popularly known as Steel city and Mangoes city of India. The gross domestic product (GDP) of Salem city is 12,134.10 GDP (IN RS. CR.). and growth rate is Growth Rate % (YOY) is 10.31. It is the third-largest district economy in Tamil Nadu while GDP growth in Chennai GDP (IN RS. CR.) 20,847.32 (1), Coimbatore GDP (IN RS. CR.) 23,371.63 (2), Madurai GDP (IN RS. CR.) 10,401.02 (5), Tiruchirappalli GDP (IN RS. CR.) 10,493.93 (4).[1] Salem has one Special Economic zone over 40 in Tamil Nadu, ELCOT has established an IT Special Economic Zone at Jagirammapalayam village, Salem, in an extent of 53.33 acres of land at an investment of Rs. 40.53 crore.[2]

File:Salem SEZ front view.jpg
Front View of SEZ Salem

Salem district also have local planning authority called Salem Local Planning Authority[3] for development of Salem City Corporation area and Salem Metropolitan Area. And also for suburbs in Salem district.

Information technology

Salem has been categorized as a tier II city and the Tamil Nadu government has collaborated with ELCOT to fortify IT park sprawling an area of 160 acres. This has the potential to employ bevy of graduates for the progression of the state. Unemployment can be warded off to some extent with the advent of this park.

Textiles

The handloom industry is one of the most ancient cottage industries in Salem district of Tamil Nadu, India.[4][5] The handloom industry is one of the most ancient cottage industries in Salem district of Tamil Nadu. Next to agriculture hand-loom weaving is considered the most important industry in Tamil Nadu as well as India. In Salem district the chief industry was weaving, which was carried on in almost every large town or village.

Salem was one of the primary handloom centers of south India.[6] Sari, dhoti and angavasthram are made out of silk yarn and cotton yarn.[7] In the recent past, home furnishing items are also woven, mainly for export purposes. More than 75,000 handlooms[8] are working and the total value of cloth produced per annum is estimated at Rs.5,000 crores

References

  1. ↑ "Districtwise GDP and Growth Rate Based at Current Price (1999-00) From 1999-00 to 2006-07 - Tamilnadu, India - knoema.com". Knoema. Retrieved 2021-05-14.
  2. ↑ "MEPZ SEZ — Tamilnadu". mepz.gov.in. Retrieved 2021-05-14.
  3. ↑ "Salem District Town and Country Planning | Salem District, Government of Tamil Nadu | India". Retrieved 2021-05-14.
  4. ↑ Roy, Tirthankar (2020-01-28). The Crafts and Capitalism: Handloom Weaving Industry in Colonial India. Taylor & Francis. ISBN 978-1-000-02469-2.
  5. ↑ "Salem Cotton". Isha Sadhguru. 2019-11-29. Retrieved 2021-01-12.
  6. ↑ Nayar, M. K. K. (2014-02-24). Story of an Era Told Without Ill-will. D C Books. p. 204. ISBN 978-93-81699-33-1.
  7. ↑ Young India. Navajivan Publishing House. 1981. p. 334.
  8. ↑ "INDIAN INSTITUTE OF HANDLOOM TECHNOLOGY". Retrieved 2021-01-12.
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