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Economy of Erode


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Industries that flourished in early days in and around Erode area were hand loom weaving and carpet manufacturing. The advent of modern era has resulted in the emergence of power loom industries. There are 24189 registered SSI units as on 31.12.2000 in the district besides 59 Large Scale Units. Erode’s Gross Domestic Product (GDP) growth for year 2008 stood at 15.5 per cent was the top in the State and ahead of the State’s [GDP] growth by 4 per cent. The major industries in and around the city include oil and rice mills, engineering works, automobiles and power looms. Within the city, the industrial units occupy 16.69% of the city area whereas the industrial belt as a whole covers 136 hectares and accounts for 4.80% of the Erode LPA.

Textile is the major business in the city. Erode is well known for marketing of hand loom, power loom and ready-made garments and textiles. Erode produces about 47% of state's total textile needs. Erode stands second in leather processing in the state, next only to Ambur. Paper industry also thrives around the city with some of the largest paper companies like TNPL and Seshasayee paper boards located near riverKaveri. Sugarcane processing industries extract juice from the cane to make sugar and the remains are used for paper manufacturing.

Agriculture

Erode is also known as "The Turmeric City" or "Yellow City". Erode is the largest producer of turmeric in the state and has one of the largest markets for coconut. It is famous also for rice cultivation and oil mills, as well as for dairy products. It is also one of the largest coconut oil producers in south India
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