Economy of Thiruvananthapuram
Encyclopedia
The economy of Thiruvananthapuram, capital of the India
n state of Kerala
, mostly consists of tourism and leisure
, information technology
, rubber plantations, coffee production, tea production, and education
. There are many manufacturers, such as Travancore Titanium Products Ltd and English Indian Clays (The Thaper Group); but there is less industrialisation than in other major south Indian cities like Chennai
or Bangalore
. Most of the people are engaged in low-paid pursuits which require very little capital. Political and social consciousness, coupled with the efforts of the social, religious and cultural leaders, have helped to pull down the age-old feudal order. Economic changes have also affected the social life and attitude of the people.
there are many medium and large scale industries which fall under central sector, state sector, co-operative sector, joint sector and private sectors. The Kerala State Industrial Development Corporation (KSIDC) is a public sector establishment to set up small scale and large scale industries effectively. The registered working factories in the city include oil mills, cashew factories, cotton textiles, saw mills, printing units, rubber industrial units, chemical units, match factories, general engineering units and automobile workshops. The S.M.S.M. Institute in Thiruvananthapuram is a major institution through which the products of the handicraft industries are marketed.
There is an industrial estate at Pappanamcode and an industrial development centre at Kochuveli. Traditional industries such as coir and handloom are now faced with several problems. Handloom weaving is prevalent at Balaramapuram, Amaravila, Kulathur and Chirayinkeezhu, which are located in the suburbs of the city. It is estimated that clothes worth Rs.950 lakhs are annually
produced in the handloom sector. Keltron (Kerala State Electronics Development Corporation) has made inroads into electronic markets throughout the country. The Kerala State Sericulture Co-operative Federation Limited (SERIFED) had declared Balaramapuram as a "Silk Village" in 2004 and the silk yarn produced at different cenntres in Kerala is processed to Fabric at Balaramapuram.
Companies such as Travancore Titanium Products Ltd
(TTP), the leading manufacturer of anatase grade titanium dioxide
in Asia,English Indian Clays Limited, Kerala Automobiles Ltd, the leading public sector company in manufacturing three-wheelers in south India are located in the city. Hindustan Latex Limited
is an Indian giant in the manufacturing of latex-based products, including condoms. They currently hold a license to manufacture Ormeloxifene, a form of birth control. HLL is headquartered in the city. BrahMos Aerospace Private Limited
, the manufacturer of cruise missiles has the manufacturing unit in the city.
, beaches, lagoons, and wild life sanctuaries are present in Thiruvananthapuram district
, reflects the entire beauty of the state Kerala
. Foreign tourists are flocking to Thiruvananthapuram, a major destination for chartered flights to India for Medical tourism
, as there are more than fifty recognised Ayurveda centres in and around the city. This is primarily due to Ayurveda's immense popularity in the West. Medical tourism is further promoted by world class modern medicine hospitals in the city. Recuperation facilities are available at five star beach resorts and hill stations nearby.
Technopark
was established for the development of electronics and information technology in the State. It is India
's first industrial park
dedicated to electronics
, software, and IT ventures. Started 1995, the campus at Thiruvananthapuram
city covers an area the 330 acres (1,335,463.8 m²) campus with 4000000 sq ft (371,612.2 m²). of built-up space available currently and another 2,000,000 more sq ft of built up space coming up, is now home to over 195 companies from numerous countries. Over 30,000 IT professionals are working here. The companies include one CMMI level 5 and PCMM level 5 company, four CMM Level 5, two CMM Level 3 and several ISO 9001 certified companies. Technopark is undergoing major expansion with the development of the Technocity
project.
Thiruvananthapuram was rated as the best 2nd tier metro with IT/ITES infrastructure, and second in terms of availability of human talent http://www.ciol.com/content/news/2006/106072505.asp. The district contributes 80% of software exports from the state. Technopark also houses global majors like Oracle Corporation
, Infosys
, TCS
, HCL
, Visual Graphics Computing Services, Ernst & Young Global Shared Services Center
, Allianz Cornhill, UST Global, Tata Elxsi
, IBS Software Services, NeST Software
, SunTec Business Solutions etc.
The ISRO under the Department of Space, Government of India has the VSSC at Thumba and Liquid Propulsion Systems Centre
(LPSC) at Valiyamala Nedumangadu in Thiruvananthapuram district. The ISRO Inertial System Unit (IISU) of the ISRO and the Reinforced Plastic Centre (REPLACE) function from Vattiyoorkavu in the city.
, a major government Bank in Kerala State, headquarted in Poojapura, Thiruvananthapuram
. All major banks in India have branches here. Federal Bank
, Canara Bank
, Indian Bank
and South Indian Bank are major banks in Thiruvananthapuram.
Financial organizations also operates here. Muthoot Family
is one of the largest finance group in India. Mothoot Finance and Muthoot Fincorp are working well in Thiruvananthapuram and also bear a big part in Finance.
(RGCB) in 2002, the domain of biotechnology
is a rapidly expanding field in the city. The Biotechnology park owned by KINFRA in Kazhakkoottam is home to many biotechnology companies. The establishments such as Regional Cancer Centre, CSIR
- Regional Research Laboratory
(RRL), Sree Chitra Thirunal Institute of Medical Sciences and Technology
(SCTIMST) contributes much to the biotechnology, microbiology related industries.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n state of Kerala
Kerala
or Keralam is an Indian state located on the Malabar coast of south-west India. It was created on 1 November 1956 by the States Reorganisation Act by combining various Malayalam speaking regions....
, mostly consists of tourism and leisure
Tourism
Tourism is travel for recreational, leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes".Tourism has become a...
, information technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
, rubber plantations, coffee production, tea production, and education
Education
Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...
. There are many manufacturers, such as Travancore Titanium Products Ltd and English Indian Clays (The Thaper Group); but there is less industrialisation than in other major south Indian cities like Chennai
Chennai
Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
or Bangalore
Bangalore
Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
. Most of the people are engaged in low-paid pursuits which require very little capital. Political and social consciousness, coupled with the efforts of the social, religious and cultural leaders, have helped to pull down the age-old feudal order. Economic changes have also affected the social life and attitude of the people.
Manufacturing Industries
In ThiruvananthapuramThiruvananthapuram
Thiruvananthapuram , formerly known as Trivandrum, is the capital of the Indian state of Kerala and the headquarters of the Thiruvananthapuram District. It is located on the west coast of India near the extreme south of the mainland...
there are many medium and large scale industries which fall under central sector, state sector, co-operative sector, joint sector and private sectors. The Kerala State Industrial Development Corporation (KSIDC) is a public sector establishment to set up small scale and large scale industries effectively. The registered working factories in the city include oil mills, cashew factories, cotton textiles, saw mills, printing units, rubber industrial units, chemical units, match factories, general engineering units and automobile workshops. The S.M.S.M. Institute in Thiruvananthapuram is a major institution through which the products of the handicraft industries are marketed.
There is an industrial estate at Pappanamcode and an industrial development centre at Kochuveli. Traditional industries such as coir and handloom are now faced with several problems. Handloom weaving is prevalent at Balaramapuram, Amaravila, Kulathur and Chirayinkeezhu, which are located in the suburbs of the city. It is estimated that clothes worth Rs.950 lakhs are annually
produced in the handloom sector. Keltron (Kerala State Electronics Development Corporation) has made inroads into electronic markets throughout the country. The Kerala State Sericulture Co-operative Federation Limited (SERIFED) had declared Balaramapuram as a "Silk Village" in 2004 and the silk yarn produced at different cenntres in Kerala is processed to Fabric at Balaramapuram.
Companies such as Travancore Titanium Products Ltd
Travancore Titanium
Travancore Titanium Products Ltd , is the leading manufacturer of anatase grade titanium dioxide in India. The company was incorporated in 1946 at Thiruvananthapuram, the capital of Kerala, India on the initiative of Sir C.P.Ramaswamy Iyer....
(TTP), the leading manufacturer of anatase grade titanium dioxide
Titanium dioxide
Titanium dioxide, also known as titanium oxide or titania, is the naturally occurring oxide of titanium, chemical formula . When used as a pigment, it is called titanium white, Pigment White 6, or CI 77891. Generally it comes in two different forms, rutile and anatase. It has a wide range of...
in Asia,English Indian Clays Limited, Kerala Automobiles Ltd, the leading public sector company in manufacturing three-wheelers in south India are located in the city. Hindustan Latex Limited
Hindustan Latex Limited
HLL Lifecare Limited is an Indian healthcare products manufacturing company based in Thiruvananthapuram, Kerala, India. A Government of India -owned corporation , it produces health care products, including condoms, blood bags, and contraceptive pills...
is an Indian giant in the manufacturing of latex-based products, including condoms. They currently hold a license to manufacture Ormeloxifene, a form of birth control. HLL is headquartered in the city. BrahMos Aerospace Private Limited
BrahMos Aerospace Private Limited
The BrahMos Aerospace Private Limited is a joint venture between the Defence Research and Development Organization of India and the Federal State Unitary Enterprise NPO Mashinostroyenia of Russia under BrahMos Aerospace...
, the manufacturer of cruise missiles has the manufacturing unit in the city.
Tourism
Tourism has also contributed heavily to the economy of Thiruvananthapuram. The entire tourism package of the state such as hill stations, back watersKerala Backwaters
The Kerala backwaters are a chain of brackish lagoons and lakes lying parallel to the Arabian Sea coast of Kerala state in southern India. The network includes five large lakes linked by canals, both manmade and natural, fed by 38 rivers, and extending virtually half the length of Kerala state...
, beaches, lagoons, and wild life sanctuaries are present in Thiruvananthapuram district
Thiruvananthapuram district
Thiruvananthapuram District is the southernmost district of the Indian state of Kerala. It came into existence in the year 1957. The headquarters is the city of Thiruvananthapuram which is also the capital city of Kerala....
, reflects the entire beauty of the state Kerala
Kerala
or Keralam is an Indian state located on the Malabar coast of south-west India. It was created on 1 November 1956 by the States Reorganisation Act by combining various Malayalam speaking regions....
. Foreign tourists are flocking to Thiruvananthapuram, a major destination for chartered flights to India for Medical tourism
Medical tourism
Medical tourism is a term initially coined by travel agencies and the mass media to describe the rapidly-growing practice of travelling across international borders to obtain health care...
, as there are more than fifty recognised Ayurveda centres in and around the city. This is primarily due to Ayurveda's immense popularity in the West. Medical tourism is further promoted by world class modern medicine hospitals in the city. Recuperation facilities are available at five star beach resorts and hill stations nearby.
Information Technology
Technopark Kerala
Technopark is a technology park in Thiruvananthapuram , Kerala, India. The park is dedicated to IT ventures. It is the first and largest technology park in India....
was established for the development of electronics and information technology in the State. It is India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
's first industrial park
Industrial park
An industrial park is an area zoned and planned for the purpose of industrial development...
dedicated to electronics
Electronics
Electronics is the branch of science, engineering and technology that deals with electrical circuits involving active electrical components such as vacuum tubes, transistors, diodes and integrated circuits, and associated passive interconnection technologies...
, software, and IT ventures. Started 1995, the campus at Thiruvananthapuram
Thiruvananthapuram
Thiruvananthapuram , formerly known as Trivandrum, is the capital of the Indian state of Kerala and the headquarters of the Thiruvananthapuram District. It is located on the west coast of India near the extreme south of the mainland...
city covers an area the 330 acres (1,335,463.8 m²) campus with 4000000 sq ft (371,612.2 m²). of built-up space available currently and another 2,000,000 more sq ft of built up space coming up, is now home to over 195 companies from numerous countries. Over 30,000 IT professionals are working here. The companies include one CMMI level 5 and PCMM level 5 company, four CMM Level 5, two CMM Level 3 and several ISO 9001 certified companies. Technopark is undergoing major expansion with the development of the Technocity
Technocity, Trivandrum
Technocity is a technology park and integrated township in Thiruvananthapuram , Kerala, India dedicated to electronics, software, and other Information Technology ventures...
project.
Thiruvananthapuram was rated as the best 2nd tier metro with IT/ITES infrastructure, and second in terms of availability of human talent http://www.ciol.com/content/news/2006/106072505.asp. The district contributes 80% of software exports from the state. Technopark also houses global majors like Oracle Corporation
Oracle Corporation
Oracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...
, Infosys
Infosys
Infosys Limited, formerly Infosys Technologies Limited is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China,...
, TCS
Tata Consultancy Services
Tata Consultancy Services Limited is a global IT services, business solutions and outsourcing company headquartered in Mumbai, India. It is the largest provider of information technology in Asia and second largest provider of business process outsourcing services in India...
, HCL
HCL Technologies
HCL Technologies Limited is a leading global IT services company headquartered in Noida, India. It is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services. HCL Technologies is fourth largest IT company in India and is ranked 48 in...
, Visual Graphics Computing Services, Ernst & Young Global Shared Services Center
Ernst & Young
Ernst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
, Allianz Cornhill, UST Global, Tata Elxsi
Tata elxsi
- Introduction : is a technology-led design services company and part of the $70 billion Tata Group. Headquartered in Bangalore and with a global delivery footprint through offices and centers in India, the US, the UK, Japan and Germany, Tata Elxsi is a company focused on delivering outsourced...
, IBS Software Services, NeST Software
NeST Software
NeST Software is a technology company which offers customized software and hardware development services for engineering applications and product development services for customers worldwide. NeST Software, is a division of SFO Technologies and part of the NeST Group of companies...
, SunTec Business Solutions etc.
Space Technology
The Indian Space Programme came into being on 21 November 1963 with the launching of a sounding rocket from Thumba in Thiruvananthapuram city borders. This Thumba Equatorial Rocket Launching Station (TERLS) ultimately blossomed into various centres of the Indian Space Research Organisation (ISRO). Vikram Sarabhai Space Centre (VSSC) is the prime centre engaged in design and development of launch vehicles.The ISRO under the Department of Space, Government of India has the VSSC at Thumba and Liquid Propulsion Systems Centre
Liquid Propulsion Systems Centre
The Liquid Propulsion Systems Centre , located at three places, Valiyamala, near Nedumangad in Thiruvananthapuram District, Kerala, Mahendragiri in Thirunelveli District of Tamil Nadu and Bangaluru, Karnataka...
(LPSC) at Valiyamala Nedumangadu in Thiruvananthapuram district. The ISRO Inertial System Unit (IISU) of the ISRO and the Reinforced Plastic Centre (REPLACE) function from Vattiyoorkavu in the city.
Banking and Finance
Thiruvananthapuram is a main hub for banking and financial service. State Bank of TravancoreState Bank of Travancore
State Bank of Travancore , is a subsidiary of the State Bank Group and also has private share-holders. It is the premier bank of Kerala State, India, where it has 700 branches...
, a major government Bank in Kerala State, headquarted in Poojapura, Thiruvananthapuram
Thiruvananthapuram
Thiruvananthapuram , formerly known as Trivandrum, is the capital of the Indian state of Kerala and the headquarters of the Thiruvananthapuram District. It is located on the west coast of India near the extreme south of the mainland...
. All major banks in India have branches here. Federal Bank
Federal Bank
Federal Bank Limited is a major Indian commercial bank in the private sector, headquartered at Aluva, Kochi, Kerala. As of March 31 2011 it has 743 branches spread across 24 states in India and 803 ATMs around the country.-History:In the year 1931, Travancore Federal Bank was inaugurated at...
, Canara Bank
Canara Bank
Canara Bank is a state-owned financial services company in India. It was established in 1906, making it one of the oldest banks in the country. As on 2009 November, the bank had a network of 3057 branches, spread across India...
, Indian Bank
Indian Bank
Indian Bank is a major Indian Commercial Bank headquartered in Chennai , India. It has 22,000 employees, 1923 branches and is one of the big public sector banks of India. It has overseas branches in Colombo, Sri Lanka, Singapore, and 229 correspondent banks in 69 countries...
and South Indian Bank are major banks in Thiruvananthapuram.
Financial organizations also operates here. Muthoot Family
Muthoot Family
The Muthoot family is one of the foremost business houses in South India. The family has interests in various sectors of business varying from Financial Services to Media. The founder of the Muthoot Group was Ninan Mathai Muthoot, from whom the business house was later taken over by his son, M....
is one of the largest finance group in India. Mothoot Finance and Muthoot Fincorp are working well in Thiruvananthapuram and also bear a big part in Finance.
Biotechnology
Since the commencement of Rajiv Gandhi Centre for BiotechnologyRajiv Gandhi Centre for Biotechnology
Rajiv Gandhi Centre for Biotechnology is a premier research institute in India, exclusive devoted to research in Molecular Biology and Biotechnology. It is located at Thiruvananthapuram , the capital city of the state of Kerala in India. This centre runs as a 'grant in aid' institute of the...
(RGCB) in 2002, the domain of biotechnology
Biotechnology
Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...
is a rapidly expanding field in the city. The Biotechnology park owned by KINFRA in Kazhakkoottam is home to many biotechnology companies. The establishments such as Regional Cancer Centre, CSIR
CSIR India
Council of Scientific and Industrial Research established in 1942, is an autonomous body and India's largest Research and Development organization, with 39 laboratories and 50 field stations or extension centers spread across the nation, with a collective staff of over 17,000...
- Regional Research Laboratory
Regional Research Laboratory, Thiruvananthapuram
The National Institute for Interdisciplinary Science and Technology is a constituent laboratory of CSIR, India, engaged in research and development activities in the field of agroprocessing, chemical sciences, materials and minerals, biotechnology and process engineering and environmental science...
(RRL), Sree Chitra Thirunal Institute of Medical Sciences and Technology
Sree Chitra Thirunal Institute of Medical Sciences and Technology
The Sree Chitra Tirunal Institute for Medical Sciences & Technology , Thiruvananthapuram , India is an Institute of National Importance established in 1974 by Government of Kerala...
(SCTIMST) contributes much to the biotechnology, microbiology related industries.
External links
- Travancore Titanium
- Technopark
- Rajiv Gandhi Centre for Biotechnology
- http://www.thehindubusinessline.com/2002/11/24/stories/2002112401310200.htm