Economy
Moradabad is a major industrial city and export hub. Its handicrafts industry accounts for more than 40% of total handicraft exports from India.
In 2006-2007, Moradabad’s export turnover was ₹32 billion ($530 millions) In 2012-2013 it increased to ₹40 billion ($667 millions).
In October 2014, Livemint included Moradabad in its list of “25 Emerging Cities To Watch Out For In 2025”
Moradabad’s brass industry that employs tens of thousands of workers has been impacted by ongoing wars in Libya and Syria.
Export
Moradabad is popularly known as the Brass City of the country. Countries like Britain, the US, Middle East Asia, Germany and Canada import brassware from Moradabad. In Moradabad there are about 600 export units and 9000 industries in the district. Moradabad exports goods worth Rs. 4500 crore yearly. Many other products for example, iron sheet, metal wares, aluminum, artworks and glassware are also exported as per the need of foreign buyers. Export of mint is done in several crores from Moradabad. These products are quite famous in overseas market and are being exported in thousands of crores yearly. Due to upsurge of exports and popularity in foreign particularly in America, Europe, Italy and other countries, a large No. of exporters are launching their units and started their export. Out of the seven industrial corridors declared by the State Government in Industrial Policy 1999-2002, Moradabad is one of them.
Special Economic Zone
Moradabad Special Economic Zone (SEZ) the only Uttar Pradesh Government Developed SEZ in northern India, headed by the Development Commissioner, Noida SEZ and locally governed by the Asststant Development Commissioner, was set up in 2003 at Pakbara – Dingarpur Road in Moradabad on a 421.565 acre plot of land. Government of UP through UPSIDC being developers to this SEZ project has so far invested a sum of ₹1100 million on its development. Moradabad SEZ provides excellent infrastructure, supportive services and sector specific facilities for the Handicraft Trade. Proximity to Delhi/NCR and availability of skilled and dedicated manpower makes it ideal for setting up various industries in Handicrafts & its allied filed. Moradabad SEZ was operationalised since April, 2007 when it started with only one unit, however till today in spite of global slowdown in the handicraft trade for past four years; this zone has now 22 operational Units. Moradabad SEZ has 465 developed plots of varying sizes. Future expansion of this has been strategically planned and soon it will be available for few more export sectors.
Infrastructure, supportive services and trade related facilities have been substantially upgraded during the last few years. Moradabad SEZ offers access to global telecommunication network, uninterrupted power supply and efficient local transport system. An ultra modern RSU Telephone Exchange has been installed in the Zone, besides the availability of all the mobile frequencies in and around the zone through various mobile communication towers. An independent feeder line has since been provided for uninterrupted power supply, the reliability and quality of power supply has improved with the pre-commissioned 32 / 11 KVA / 5.0 MVA Power Sub-station within Moradabad SEZ. Proximity to Delhi/ NCR provides easy access to financial and commercial infrastructure of the capital. Customs Wing ensures prompt and on the spot clearances of export/import consignments through web based system called “sezonline”.