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Economy of Salem
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]
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.
References
- ↑ "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.
- ↑ "MEPZ SEZ — Tamilnadu". mepz.gov.in. Retrieved 2021-05-14.
- ↑ "Salem District Town and Country Planning | Salem District, Government of Tamil Nadu | India". Retrieved 2021-05-14.