Business in Jhansi
Development of Economy of Jhansi
The British established the railways in Jhansi in the late 1880s that has developed to be a major railway junction in North Central India. This was one of the largest sectors of employment to the people of Jhansi.
Historically, citizens in Jhansi served the Royal family directly or indirectly while others were engaged in agriculture, stone work, in the military of state, etc. This scenario continued till the state of Jhansi ceded with Gwalior and till India attained its Independence. Agriculture and its allied industries continued to be a major source of income to people followed by the railway sector.
The first major industry that was set up in Jhansi was a unit of Bharat Heavy Electricals Limited (BHEL), followed by Mysore cements by the Birlas in 1980s. Soon, there has been an increased rate of growth in industries in Jhansi. Several small and tiny industrial units are scattered in Jhansi and Sagar districts. With the development of transport facilities, connectivity to other major towns like Kanpur, Gwalior, Lucknow, active intervention by the government have helped in the development of economy of Jhansi.
Agriculture Business in Jhansi
Agriculture is the main source of income of Jhansi and nearby areas. The beedi industry is the largest source of non-agricultural employment constituting one fourth of the main workforce, followed by the railways which supports about 10,000 people directly or indirectly. Other sectors that employ people here are construction, tourism, transport, etc.
Industries in Jhansi
Some of the large industries in and around Jhansi are:
- Baidyanath Ayurvedic Pvt. Ltd.
- Bharat Petroleum Corporation
- Bharat Heavy Electricals Ltd. Jhansi
- Government Cotton Mills
- Heidelberg Cement Factory
- Parichha Thermal Power Project, Parichha
- Indian Hume Pipe Ltd
- Diamond Cement Ltd.
Initiative by Government
Of the existing industries, Jhansi has contributed 5-6% to the state's industrial output in 2001-2002, while the investment in the city is less than 2%. As per the guidelines issued by the Bundelkhand Chamber of Commerce and Industry, it has been noted that power failure in these regions is the main constraint in growth of industries and government intervention is a must to do away with this problem. The government is taking active initiative in educating the masses about the schemes and promotions. Some of the institutions and agencies working towards this include the nationalized banks, district industrial centre, Jhansi, the Uttar Pradesh Industrial Development Corporation, UP Power Corporation etc.
Development of Industries in Jhansi
The Uttar Pradesh as well as the Madhya Pradesh Government is taking active initiative in developing the regions around Jhansi as an industrial hub. Development of an industrial corridor between Jhansi and Kanpur, based on substantial industrialization in and around both cities, may give rise to investment opportunities. Cultivation of jatropha on a large scale in these areas to produce bio-diesel also looks very promising. Exports from Jhansi include a variety of stone like Shafar, Granite and sandstone.