The ancient inscriptions suggest that Anantnag was always the center of economy and commerce in Kashmir valley. This city set up around 5000 years ago has always posed big opportunities for the entrepreneurs and traders irrespective of the era. Though, Anantnag is blessed with unparalleled natural beauty, it was never restricted to the same. Even today, it is known for its natural splendors and business prospects. The fertile soil of this land is excellent for agriculture and this makes Anantnag, the rice bowl of Kashmir valley. Its products are world famous and are also exported to major countries.
Industries in Anantnag
Anantnag is the hub of business in Kashmir but this status does not thrive upon any major industries. It has several small scale industries, though, that manufacture products like handicrafts of Kashmir and Anantnag’s famous cricket willows. Other famous products manufactured in these units are Kashmiri shawls, wood carved items, rugs, gabbas, Paper Mache items, carpets, and dress materials. There are four industrial areas in the district and around 4000 registered units work in entire district. Most of these industries are agro based while there are many wood based and garment industries also working here.
Cricket Bats cluster at Sethar is the only major cluster of industries in Anantnag district. The registration of industrial units is facilitated by District Industries Center in Anantnag and financial aid is provided by leading banks including PNB, SBI, JKFC, Jammu and Kashmir Bank, and Grameen Bank. From technical guidance to marketing and promotion, full assistance is offered by government machinery in the district for setting up new MSME in Anantnag.
Landmarks of Business in Anantnag
In the year 2010, Anantnag bagged the award for City of Export Excellence for its high export figures and GDP at $ 3.7 billion.
It is also one of the fastest developing cities of Kashmir in terms of economy.
Agricultural Industry in Anantnag
Agriculture is the nerve of business in Anantnag. The fertile land of this region produces delicious apples and farm products that are loved for their freshness and high quality all over the world. The district is a large producer of crops like wheat and rice in this region. There are apple orchards at nearby villages like Shopian and these orchards produce the best varieties of export oriented apples. These agricultural products of Anantnag give a big thrust to its economy.
There is an Agri Business Center as well set up in Larnoo Kokernag area of the district and this scheme is sponsored by the central government under Rashtriya Krishi Vikas Yojna (RKVY). This center was formulated with the purpose to promote the agro based industries here and provide all necessary assistance to the local farmers. As a result of all these initiatives, farming and agriculture has shown immense progression here to aid the economy of Anantnag.
Business and Economic Scenario of Anantnag
Anantnag is divided into 6 tehsils and 16 sub tehsils. The entire district has strategically centralized location and it is festooned with the most exotic tourist destinations of Kashmir. It has its location on North South Corridor Road which gives it easy accessibility from all the areas. However, the situation was quite grim in the valley some years back. Due to insurgency, the whole infrastructure of this place got collapsed and it reduced the business prospects here.
But with recovery of the valley from those turbulences, the city has shown unprecedented growth that cannot go unnoticed. This scenario was further boosted by presence of cheap labor which constituted of immigrants as well. Now, the district has become the hub of trading activities of Kashmir from where principal items like apples and handicrafts are exported to the world.