Economy of DavangereThe economic condition is a topic of deep interest as it defines the standard of living of people from all strata of the society. A good economy is one which provides equal opportunities to all irrespective of whether they are educated or not. However it must be noted that the increase in the literacy rate increases the prosperity of the region.
Industries in DavanagereDavangere has a number of industries ranging from large scale to small scale industries. However agriculture remains the mainstay of the region as there is favorable climatic and soil conditions mainly for horticulture. Some of the main vegetables harvested are tomato, onion, chilli and brinjal while the major food crops grown are paddy, maize, groundnut and cotton to name a few.
The government of Karnataka is continuously taking measures to improve the standard of living of the state and hence supports a large number of medium and small scale industries. These aid in providing employment to the locals and also help to improve their standard of living. There are a large number of resources available for the setup of such industries.
There are other options available for employment in the form of MNC’s. The Government has identified that Davangere has a large pool of talent and saw that these companies can in turn improve the infrastructure of the city.
Agro Based Industry in DavanagereThe forests serve as a raw material for the timber industry which is also a high contributor in employment. Another source of income for the economy comes from animal rearing activities.
There are a total of 9355 registered industries in the city spread over 6 industrial areas. Around 36288 daily wage workers employed in small scale industries. There are only 6 Large scale and Public Sector undertakings namely:
M/s Anjaneya Cotton MillsPvt. Ltd., Tolahunse,Davanagere Tq. Dist.
M/s Davanagere Sugars Company Ltd. Kukkawada, Davanagere Tq. Dist.
M/s Anjaneya Agto Tech Pvt. Ltd. Majenahalli, Harihara,
M/s Shamanur Sugars Ltd. Duggavathi, Harapanahalli Tq.
M/s Indian Cane Power Ltd. Duggavathi, Harapanahalli Tq.
M/s Aradhya Steel Wires Pvt. Ltd. Haluvarthi Village. Davanagere Tq
The major exportable item is sugar and cotton yarn. As statistics show there is scope for agro based industries. All in all Davangere has a great potential for further growth. The presence of MSME’s will boost the employment rate and make the city self-sufficient on all fronts.