Business and Economy in Ujjain
All the cotton mills which then existed were closed down leaving bleak substitutes for the cotton workforce. Spiritual tourism, services for the home inhabitants and a few small scale business including power and hand looms and packaging are the stronghold of the city's economy.
Service Sector in UjjainUjjain has the workplace of the headquarters of quite a few regional and local government offices. A sizable fraction of the city’s personnel is occupied in these organizations, while a bulky share of populace is caught up in business and commerce. The most important thrust to the economy of city are business and trade, service sector primarily public sector undertakings and prime sectors. Manufacturing and processing industries, in particular domestic and small-scale manufacturing industries, also make a considerable contribution to the economy of the city, although marginally. Among the underprivileged households, the maximum section of chief earnings is from the informal employment.
Agriculture in UjjainThe small-scale businesses in the city are chiefly agro-based units for the reason that the city is bounded by a section principally farming in nature. Two most important crops that are grown here are soybean which is the chief Rabi crop and wheat as the foremost Kharif crop. The cultivation in the city is susceptible to variation in precipitation and letdown of monsoon cycles which leave behind a distressing toll on cultivation and the economy of the city. The manufacturing areas contained by the city are Dewas Road and Maksi Road.
However it is reported that 50 percent of the businesses are either shutdown or running into losses. Power supply and talent labor force are among the troubles that subsist in the city. The section of the population of the city thrives on wholesale and retail business. The city doles out to be a provincial wholesale bazaar for provisions and other grocery supplies. Apart from the farming produce cultivated in the surrounding area, the city also function as the dispense hub for cultivation tools, fertilizers, drugs and medicines, timber, garments and textiles.
Small Scale Industries in UjjainExterior to the city, quite a few small manufacturing regions subsist which includes places like Bandka, Ghatiya, Tehsil, Kalan, Padya, Mahidpur and Birlagram. These comprise of approximately forty manufacturing sectors comprising cotton cloth, packaging, incense sticks, chemicals, tiles, yarn produce and food processing. Ujjain enjoys the privilege of being in close proximity to Indore and the existence of manufacturing companies close by with superior infrastructure has made the city turn out to be a preferential target for industrial units.
The government is also making its steps to enhance the contribution to the economic development of the city. The Agri Export Zone (AEZ) is being implemented by the government to make the city a hub for agro food processing. The government is in the process of land allocation to the prospective investors and is offering tax rebate to attract investors, industrialists from India and abroad. Apart from the well developed road and rail network, transportation amenities and cost effective manpower the city also has excellent learning facilities, exceptional medical services and habitual inflow of trained professionals adding to the development of the city.