Economy of Kozhikode district
From Wikipedia, the free encyclopedia
Kozhikode is one of the main commercial cities of Kerala. The economy is mainly business oriented. The city currently is the major trade hub of North Kerala with good connectivity through road, rail and air. It also has large timber yards along the banks of the Kallayi River. Kozhikode District, with 8% of the state population, makes 12% contribution to the state's income. Nedungadi Bank, the first and oldest bank in the modern state of Kerala, was established by Appu Nedungadi at Kozhikode in the year 1899.[1]
There has been a great leap in small-scale industries in Kozhikode district. Footwear industries have been flourishing in this city, and it has become a major non-leather footwear manufacturing hub in India.
Kozhikode has witnessed a building boom in recent years. This is particularly evident in the number of malls and buildings built in recent years. The KSRTC bus terminal is the biggest bus terminal in Kerala. Kerala's first and second tallest buildings are under construction in kozhikode. It is also famous for timber trade and roof tiles manufacturing centre.
Ports
The District has an intermediate port at Kozhikode (including Beypore) and a minor port at Vatakara. In coast line of the Kozhikode port extends from Elathur cape to the south bank of Kadalundi river and treads roughly in straight line. This port has two Piers, but this cannot be used due to the dilapidated condition. Traffic is mainly dealt at Beypore port. Kozhikode Port has a Light House and a Signal Station. The godown at South Pier is used as transit sheds.
Cyber parks
Two IT "cyber parks" are under construction in Kozhikode. One is the UL cyber park (constructed and operated by ULCCS, a Kozhikode-based company). UL cyber park began operation in 2012 and will complete its first phase in 2013. The other park is run by the government, and will complete its first construction phase in 2014. Cyberpark, is a Government of Kerala organisation planned to build, operate and manage IT parks for the promotion and development of investment in IT and ITES industries in Malabar region of Kerala and will be the third IT hub in the state of Kerala. The two IT park will create a total 100,000(100000) direct job opportunities. It is in the process of setting up IT parks at Kozhikode, at the SEZs approved at Kannur and Kasargod. Its first project is the development of Cyberpark hub in Kozhikode with its spokes at Kannur and Kazargode IT parks.[2][3] Other planned projects include the Birla IT park (at Mavoor) and Malaysian satellite city (at Kinaloor) where KINFRA has plans to set up a 400-acre (1.6 km2) industrial park.
