Economy of Thiruvananthapuram

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Thiruvananthapuram

The economy of Thiruvananthapuram, capital of the Indian 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).

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Manufacturing industries

In Thiruvananthapuram 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 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, Kulathoor, and Chirayinkeezhu, which are located in the suburbs of the city. It is estimated that clothes worth ₹9.50 crores 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 had declared Balaramapuram a "silk village" in 2004 and the silk yarn produced at different centres in Kerala is processed to fabric at Balaramapuram.

Companies such as Travancore Titanium Products Ltd, 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.

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Foreign Tourists in the international beach of Kovalam

Tourism

Tourism has also contributed heavily to the economy of Thiruvananthapuram. Thiruvananthapuram, is a destination for chartered flights to India for Medical tourism. Padmanabha Swamy temple located in Thiruvananthapuram is considered as the richest temple in the world and has got 3 Trillion USD worth treasure.

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Information technology

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Professionals at work in the Technopark campus

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 (1,335,462.6 m2) campus with 4,000,000 sq ft (370,000 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 260 companies. Over 35,000 IT professionals are working here. [2] 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.

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A building at the Infosys-Thiruvananthapuram campus

Thiruvananthapuram was rated as the best 2nd tier metro with IT/ITES infrastructure, and second in terms of availability of human talent . 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 Technology, UST Global, Tata Elxsi, IBS Software Services, NeST Software, SunTec Business Solutions etc. [3]

Aerospace

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 (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.

Biotechnology

Since the commencement of Rajiv Gandhi Centre for Biotechnology (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.

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Thiruvananthapuram, formerly known as Trivandrum, is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration population is around 1.68 million. Located on the west coast of India near the extreme south of the mainland, Thiruvananthapuram is a major information technology hub in Kerala and contributes 55% of the state's software exports as of 2016. Referred to by Mahatma Gandhi as the "Evergreen city of India", the city is characterised by its undulating terrain of low coastal hills.

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<span class="mw-page-title-main">Technopark, Trivandrum</span> Science park in India

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The Vikram Sarabhai Space Centre (VSSC) is a major space research centre of the Indian Space Research Organisation (ISRO), focusing on rocket and space vehicles for India's satellite programme. It is located in Trivandrum, in the Indian state of Kerala.

<span class="mw-page-title-main">Kazhakoottam</span> Suburb in Thiruvananthapuram, Kerala, India

Kazhakoottam is a major suburb in the capital city of Thiruvananthapuram, Kerala state, India. The largest IT Park of the country in terms of developed area Technopark along with Technocity an upcoming integrated IT township is situated here. Hence it is known as the Information Technology capital of Kerala. It is one of the fastest growing area of the state.

<span class="mw-page-title-main">Thiruvananthapuram district</span> District in Kerala, India

Thiruvananthapuram District is the southernmost district in the Indian state of Kerala. The district was created in 1949, with its headquarters in the city of Thiruvananthapuram, which is also Kerala's administrative centre. The present district was created in 1956 by separating the four southernmost Taluks of the erstwhile district to form Kanyakumari district. The city of Thiruvananthapuram is also known as the Information technology capital of the State, since it is home to the first and largest IT park in India, Technopark, established in 1990. The district is home to more than 9% of total population of the state.

Balaramapuram is one of the panchayats that form the city of Thiruvananthapuram, the capital of Kerala, India. It is the most urbanized panchayat in Thiruvananthapuram.

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The economy of Kerala is the 9th largest in India, with an annual gross state product (GSP) of 9.78 lakh crore in 2020–2021. Per-capita GSP of Kerala during the same period is 257,711 (US$3,200), the sixth largest in India. In 2019–20, the tertiary sector contributed around 63% of the state's GSVA, compared to 28% by secondary sector, and 8% by primary sector.

The economy of South India after independence in 1947 conformed to a socialist framework, with strict governmental control over private sector participation, foreign trade and foreign direct investment (FDI). Through 1960–1990, South Indian economies experienced mixed economic growth. In the 1960s, Kerala achieved above-average economic growth, while Andhra Pradesh's economy declined during this period. Similarly, Kerala experienced an economic decline in the 1970s while the economies of Tamil Nadu, Andhra Pradesh, and Karnataka consistently exceeded national average growth rates after 1970. South India first started to overtake the rest of India economically in the 1980s. Andhra Pradesh, Tamil Nadu and Karnataka were noted by some to be more reform-oriented in terms of economic policy when compared to other Indian states. Over the last decade South India has grown at 8% annually. Future economic growth will be shackled by a relatively low proportion of the active age population to the number of dependents. Today, South India has about 20% of India's population, and contributes about 31% of India's GDP; it is projected to contribute 35% by 2030.

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The Liquid Propulsion Systems Centre (LPSC),Thiruvananthapuram is a research and development centre functioning under Indian Space Research Organisation (ISRO). It has two units located at Valiamala, in Thiruvananthapuram of Kerala, and Bengaluru of Karnataka. LPSC is augmented by ISRO Propulsion Complex at Mahendragiri of Tamil Nadu.

The history of Thiruvananthapuram dates back to the 18th century AD. In 1795, the city became the capital of the princely state of Travancore. Several historic landmarks of the city, including the Kowdiar Palace, University of Kerala, and Napier Museum were built during that period. After independence, Thiruvananthapuram was made the capital of the state of Kerala.

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VSSC Central School is an English-medium co-educational public school located in the suburb of Thumba, in Thiruvananthapuram, in the Indian state of Kerala. The school offers programmes from grades 1–12. Admission is restricted to children of the employees of the Indian Space Research Organisation. It is a full-fledged senior secondary school, offering five streams at the +2 level with almost 1000 students and 60 staff members. It is affiliated to the Central Board of Secondary Education, New Delhi.

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Kollam or Quilon is an old seaport and a city on the Laccadive Sea coast in Kerala, India, on Ashtamudi Lake. The city remains notable as the ancient commercial capital of Kerala and the southwestern Indian coast, in addition to its fame as the "Cashew Capital of the World". The Kollam Municipal Corporation has the second largest budget in Kerala in terms of revenue and expenditure.

<span class="mw-page-title-main">P. V. Manoranjan Rao</span>

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References

  1. "A One Trillion Dollar Hidden Treasure Chamber is Discovered at India's Sree Padmanabhaswamy Temple". Forbes .
  2. Technopark.org Archived 2011-07-24 at the Wayback Machine
  3. "IT companies in Technopark". Official Site of Kerala IT. Archived from the original on 15 March 2011. Retrieved 24 March 2011.