The city is famous for its gold market, reputed to be pure. Jalgoan is a significant agricultural region of Kandesh. The district is well known for banana production. Formerly, a territory of the Holkar family, Jalgaon became part of British India's Bombay Presidency in 1818.
The region's rich volcanic soil is particularly well-suited for cotton production. Jalgaon is an important center for cotton-textile and vegetable-oil mills.
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