Krishna District - Economy

Economy

The Majority of the people in Urban areas of Krishna district are engaged in trade and commerce. Agriculture is the most important occupation of the people of the district.

The District hosts many industries. KCP Sugar Factory at Vuyyur is one of the largest sugar plants in India. Vijayawada Thermal Power Station (VTPS) near Ibrahimpatnam is ranked as the No.1 Power generation unit in India for its high performance. Apart from this, many medium Scale Cement factories are there throughout the district. There are many small scale industries like musical instruments at Jaggayyapeta, gold-plated ornaments at Machilipatnam and Kondapalli toys. SIRIS Pharmaceutical Company at Vijayawada is another giant company manufacturing Allopathic medicines. The oldest port in Andhra Pradesh is at Machilipatnam. Bharat Electrical Limited (BEL) located at Machilipatnam and it is owned by the Indian Government & primarily manufactures advanced electronic products for the Indian Armed Forces. BEL is one of the eight PSUs under Ministry of Defence, Government Of India. It has even earned the government's Navratna status.


Read more about this topic:  Krishna District

Famous quotes containing the word economy:

    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)

    The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.
    Ralph Waldo Emerson (1803–1882)

    It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.
    Henry David Thoreau (1817–1862)