Economy of Salem, Tamil Nadu
The economy of Salem, Tamil Nadu is mostly influenced by Information Technology, Steel, Textile industry, Agriculture and more other fields.
Salem has been categorized as a tier II city and the Tamil Nadu government has collaborated with ELCOT to fortify IT park sprawling an area of 160 acres.
[12] Based on the report of the Italian firm an application for grant of a license under the Industries (Development & Regulation Act, 1951, for the setting up of a plant to manufacture 10,000 metric tons of aluminum ingots has been received from Shn R Venkataswamy Naidu, Coimbatore The Government of Madras have recommended the application [13] The major facilities at the plant include[9][10] SSP specializes in the production of cold rolled stainless steel in the form of coils and sheets.
[9] SSP supplies steel to BHEL-Tiruchirapalli, HMT, Bharat Electronics Limited-Bangalore and Indian Telephone Industries.
[10] Stainless steel is also exported to over more than 37 countries including Spain, UK, Japan, Germany and Switzerland.
The Anna Flyover is the oldest in the city, and the Trumpet Interchange was built in the realignment of NH 544 to ease traffic towards Coimbatore.
Salem Airport (IATA SXV, ICAO VOSM) is located on the Salem-Bengaluru Highway (NH44) in Kaamalapuram about 15 kilometres (9.3 mi) from the city.
Kingfisher Airlines flew from Chennai but ended its service in October 2011 due to low occupancy.
Trujet started services to Chennai in March 2018 as a part of the Udaan scheme by Government of India as well as Air Odisha gives connectivity to Bengaluru and Pondicherry from June 2018.
Salem has several educational institutions with Arts and Science colleges affiliated to Periyar University founded in 1997.
Salem is the principal city to manufacturing defence and aerospace components along with Chennai, Coimbatore and Tiruchirappalli.
[33] Tier - II cities of Coimbatore and Salem also serves as a major export hub for defence manufacturing firms.
[citation needed] With its abundant natural resources, cottage industries are very dynamic sector of Salem, which contribute to the exports.
Among the people who cultivate sugarcane in Salem, the production of un-bleached sugar or Nattu Sarkari is a big cottage industry.
Rope making from various natural resources such as Jute, coconut and Aloe Vera is another major cottage industry for the people of Salem.
Throughout the state, the cotton and silk which is woven in Salem is popular among the people and introduced the famous Mecheri breed.
Salem has a large and a diversified manufacturing sector facilitated by the presence of MSB electronic industry, Samvi Habitota, Pragathi textiles, Sri Manohari chemicals, Leo poly products, Talema electronics, Sri velan ice factory, AMS battery industry, RA dyeing, Logu electronics, Talema electronics, Jai Kumar pipe industry, Annai Taurpalins and company, Vetri polymers, Senthil enterprises, Photonics, Sankar Engineering Trailering, Venus PPV Spinning Mills Private Limited, Sri Venkateshwara weldings, system control are the major manufacturer in Salem.
The power station was commissioned during various periods from 1987 and this is the first inland thermal Power Station of TANGEDCO.The coal from Mahanadi Coalfields Limited (Talcher and Ib Valley) and Eastern Coalfields Limited (Raniganj and Mugma) are transported to the load ports of Paradip (Orissa), Vizag (Andhra Pradesh) and Haldia (West Bengal).
[43] Government of Tamil Nadu formed TAMILNADU MAGNESITE LIMITED, popularly known as TANMAG in January 1979.
Also some zonal level tournament's are held in Salem in different venues, Mahatma Gandhi stadium host Ranjhi Trophy.
