Economy of Siliguri
Siliguri, the gateway of North-East Bengal is one of the fastest growing economic centers. It is the meeting point of four international borders (Nepal, China, and Bangladesh) and many other region of India. Because of the unique location of Siliguri it occupies the position of trade hub of North Bengal. Siliguri is being used by the government of Nepal and Bangladesh to facilitate the transportation of rice and other necessary and urgent commodities. The Silk Route of India i.e. trade route between India and China is accessible only after crossing Siliguri 4 "T" s - Tea, Timber, Tourism and Transport are the main businesses of Siliguri. Siliguri is the headquarters of FOCIN (Federation of Chamber of Commerce and Industry of North Bengal).
Tea production and process of Siliguri have reserved a number or workers with it. Tea industry of Siliguri is developing at a very high speed. This filed of Economy is certainly competing with many other countries of the world but still it’s position strongly.
Tourism industry of Siliguri is also flourishing day by day. A large number of hotels are establishing to cope up rate of demand of tourist. Tourists are attracted by the great variety of flora and fauna of Siliguri, beautiful landscapes, and the magnificent Himalayan range is fast becoming a preferred destination for domestic and international tourists.
Apart from these many shopping malls the rising rapidly on the roads of Siliguri. Some popular shopping malls are the Cosmos, City Style, Sun Flower situated on Sevoke road and Vishal Mega Mart on the Burdwan road.
Renowned auto mobile companies are gathering at Siliguri with there numerous Showrooms. Maruti Suzuki, Honda Siel, Toyota Kirloskar, Ford, Tata, JCB, Mahindra & Mahindra, Hyundai, General Motors are the examples of this. Two wheeler showrooms also taking there position at the Economy of Siliguri. Hero Honda, Kinetic, Honda scooters, Yamaha, Tvs Suzuki, Bajaj, LML all these top ranked companies are now present at Siliguri.
Siliguri is also well known for its handicrafts like cane artwork and furniture; decorative items made of clay etc. It also has two state government owned cooperatives: Kanchan Food Processing Cooperative and the Himul Milk Processing and Diary Cooperative. There is also growing demand for handicrafts made out of wood, cane, jute and bamboo by the local artisans – and handicrafts from the hills like embroidery, woven shawls, bags and other items is popular all over the world.
With the growing economic transactions at Siliguri some major banks namely Standard Chartered, HDFC, ICICI, Allahabad, State Bank of India, UTI, UCO, Vijaya, IDBI and UBKG bank are opened with their branches. Maharastra, Bank of Baroda, Canara Bank, Karnatake bank, Andhra Bank, Sonali Bank are some other quotable name of banks of Siliguri.
Siliguri is now the desired destination for most of the investors of India. Its prospect is growing rapidly with the blinking of eyes so as the tourism industry.