Business and Economy in BhujThe business and economy in Bhuj has got a huge leap compared to the rest of the India. Earlier Bhuj’s economy was mainly based on handicrafts especially the Bandhni designs, net works on leather, but nowadays many other industries are associated with this city. After the devastating earthquake of 2001, there are NGOs like Shrujan which are helping the artists to present their piece of work to the rest of the country as well as to the world and earning handsome livelihood.
Many new business entrepreneurs are finding Bhuj very lucrative for diverse business opportunities. New businesses are helping the owners to earn good profit and at the same time they are helping in the upscale of standard of living of the residents of Bhuj. Bhuj being a wonderful tourist attraction for all genres of tourists, the economy is getting boost with tourism business. Bhuj is also an important hub for businesses like export-import, IT sectors, packaging and mineral businesses.
Small and Large Scale Businesses in BhujWeekly and daily haats held in Jubilee Ground of Bhuj is a very good opportunity for local artisans as these haats make quick businesses.
Women of rural communities especially the ones living below the poverty lines are given special training in handlooms, handicrafts and even in catering services.
These trainings help these women to start their small scale business and they get loans from banks or through various government schemes thereby earn very good livelihood.
Apart from these small scale businesses, export-import business and logistics are doing good in Bhuj and helping the city to grow fast in terms of business.
With right infrastructure for export business, Bhuj is able to reach the global market and opening up many new opportunities for future. Bhuj is offering some of the most lucrative business opportunities for mineral and chemical sectors because of its abundance of raw material, easy government policies, safe environment and assistance from all the government departments. FMCG and packaging sectors are also doing well in Bhuj as new opportunities are getting opened up every day. Companies like Agrocel, Ashapura, Earth India Minerals have already established their set ups in Bhuj.
Not only the companies are doing good profits in these sectors but locals in Bhuj are also getting engaged in various wings of these businesses and ultimately economy of the region is witnessing growth. Bhuj also organizes ‘Agrifair’ which is a fair held for four days and many industrial giants participate in this fair. With globalization, call centers and BPOs are becoming important part of Bhuj Business scenario. Domestic Airways is also a prospering sector in Bhuj as it has direct links with Mumbai, Pune and Ahmedabad.
Tourism Business in BhujBhuj has many important tourist places and is also visited by people from all over the world for its heritage sites and archaeological remains. Pragmahal, Aina Mahal, Museum, Swami Narayana Temple etc. keep attracting tourists from all corners of the globe. Tourists come here to enjoy the Desert Festival or Rann Utsav and to visit surrounding villages of weavers and artisans to get the feel of rich culture and heritage of Bhuj.
Hotels and resorts are opening in Bhuj for accommodations; restaurants serving local delicacies as well as international cuisines are also increasing in numbers in Bhuj. Many travel and tourism companies are opening in Bhuj that plan tour programs for their clients , offer cars , jeeps and other vehicles on rent and thereby doing quite a good business in Bhuj. As tourism sector is flourishing, local people are getting good earnings through it.
IT Business in BhujAs per the modern trend that is evident all over the world, IT business in Bhuj is proliferating at high speed. Medium scale entrepreneurs are investing money in IT business and that is opening up many employment opportunities for the locals in Bhuj. Website Development, SEO jobs, and many other software projects taken up by various IT companies in Bhuj will surely help in accelerating the economy and business in Bhuj.
Real Estate Business in BhujWith time there is a continuous demand in the real estate sector in Bhuj. Residential as well as commercial buildings are getting constructed and common people as well as entrepreneurs are taking interest in investing Bhuj real estate. With a possibility of getting high returns for ownership or rental in real estate sectors, Bhuj Real Estate is witnessing continuous growth. Markets, shopping malls, multiplexes are getting built and at the same time residential townships and complexes are in huge demand in Bhuj. One best example is the Seven Sky, a renowned multiplex in Bhuj .
Economy of BhujBhuj is marking a stable economic growth in the western India. Due to many initiatives taken by the private and government organizations people in Bhuj are enjoying a premium standard of living. Bhuj has many villages and sub-localities that are primarily inhabited by the artists, weavers, bandhani workers. The works produced by them have helped the city to have boost in its economy through various fairs as well as by exporting these items.
Economy in Bhuj is getting constant rise with other business and industries doing very well e.g. IT, real estate and nevertheless the tourism. Banks, both private and public have their offices set up in Bhuj. Bhuj also has many private companies doing business here. In future, tourism and some major corporate investments will surely bring in remarkable changes in the economic structure of Bhuj. Among them is Air India which has plans to schedule its operation in this city. Mercantile bank of Bhuj, too has decided to restart their functions in Bhuj.