Economy of Gobichettipalayam

The Economy of Gobichettipalayam in Tamil Nadu, India is predominantly agricultural based, economically strong and is fast developing. This city can be considered as Bi-Functional. The work force constitutes about 38% of the population and 31% of the work force is engaged in agriculture, 13% in small industries (Small Scale and Cottage) and 56 % in trading and other activities. The city serves as an important source of supply for agricultural in-puts and implements and other services to the adjoining areas.
Agriculture
The economy of Gobichettipalayam centers on agriculture viz paddy, sugarcane, plantain, tobacco and turmeric. It's famous for its lush green paddy fields which attracts cine industry. There are also growing numbers of spinning mills to support the weaving industry developing in the region. Gobichettipalayam is well known for its plantain cultivation and the production of coconuts. It is the number one in Tamil Nadu for silk cocoon cultivation with good quality. It is one of the leading producers of white silk in the country with the country's first automatic silk reeling unit located here.
Textile
There are many spinning mills and garment units in the region. The proximity to Tirupur and abundant availability of labor favors this industry.
Healthcare
The city has numerous hospitals. Apart from the Government hospital, several multi-facility hospitals function in the city. The district's health department is amongst the best in terms of implementing government-initiated health schemes. Several rare surgical procedures have taken place here. The polio eradication programme is heavily assisted by the Government.
The fast pace of industrialization, rising population and an increase in health awareness have led to the growth of the healthcare industry in Gobi. The city stands second to Erode in the district for highly affordable and quality healthcare of international standard.
Gobi is also the preferred healthcare destination for the floating population from nearby towns and districts and also nearby districts of Kerala. The growth of the hospitals in the city can be attributed to the vision of the industrialists here to bridge the gap between growing health needs and the existing services. Many of the private hospitals in the city are promoted by industrialists as an extension of their business portfolio and their service to the society.
The famous hospitals include, KKS Hospital, Seethalakshmi Hospital, Chakra Hospital, Dakshin Trauma Centre, M.R.S.,Hospital, Kumaran Hospital, Gobi Diabetic centre, SP Hospital and BEST diabetes centre . There are a lot of other small hospitals, clinics and nursing homes apart from medical shops.
Banking
There are a number of banks in the city which shows the economic prosperity of the city. The increased number of banks found in the town is a sign of economic prosperity. ICICI Bank established its third branch in Tamil Nadu here, next to Chennai and Coimbatore.
Other Industries
Other industries include paper, card boards, baking etc. Of late, a small number of outsourcing and software firms have also started to flourish.

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