page_title: Nagapattinam
section_title: Economy
hierarchical_section_title: Nagapattinam / Economy
caption_attribution_description: English: Fisherman preparing their nets at Nagapattinam Beach
context_page_description: Nagapattinam is a town in the Indian state of Tamil Nadu and the administrative headquarters of Nagapattinam district. The town came to prominence during the period of Medieval Cholas and served as their important port for commerce and east-bound naval expeditions. The Chudamani Vihara in Nagapattinam constructed by the Srivijayan king Sri Mara Vijayattungavarman of the Sailendra dynasty with the help of Rajaraja Chola I was an important Buddhist structure in those times. Nagapattinam was settled by the Portuguese and, later, the Dutch under whom it served as the capital of Dutch Coromandel from 1660 to 1781. In November 1781, the town was conquered by the British East India Company. It served as the capital of Tanjore district from 1799 to 1845 under Madras Presidency of the British. It continued to be a part of Thanjavur district in Independent India. In 1991, it was made the headquarters of the newly created Nagapattinam district. Nagapattinam is administered by a First grade municipality covering an area of 17.92 km² and had a population of 51,456 as of 2011.
  A majority of the people of Nagapattinam are employed in sea-borne trading, fishing, agriculture and tourism.
context_section_description: The main occupation of Nagapattinam is fishing in the waters of Bay of Bengal. The fish are sold in the daily and weekly fish markets in the town. There is a large number of ice factories for preserving the fish. The industry suffered a setback after the tsunami that struck the coast on 26 December 2004.
  There is limited agricultural activity, but much agricultural commerce is conducted in the town. A majority of the people are employed in service industry, belonging to the tertiary sector. The town is also the centre of retail provisions trading for the towns and villages surrounding Nagapattinam.
  Tourism is a major economic driver with the presence of heritage and historic points like Nagore, Velankanni, Sikkal, Kodikkarai, Vedaranyam, Mannargudi and Tharangambadi.
  There is limited industrial activity — the major industries are household, tailoring, embroidery, plastic wire and metal manufacturing. Cauvery Basin Refinery, a subsidiary of Chennai Petroleum Corporation Limited (CPCL) is near Nagapattinam. Established in 1993, it is a major contributor to the economy of the town. The development of industries is constrained by the town being linear and by the applicability of Coastal Regulation Zone (CRZ) regulations that prevent large-scale construction and industrial buildings.
  All major nationalised banks such as State Bank of India, Indian Bank, Central Bank of India, Punjab National Bank, Indian Overseas Bank and private banks like ICICI Bank, City Union Bank have branches in Nagapattinam. All these banks have their automated teller machines located in various parts of the town.
caption: Fisherman preparing their nets at Nagapattinam Beach
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