Economy of Thrissur Economy of Thrissur

1 economy of thrissur

1.1 retailing
1.2 tile industry
1.3 banking , finance
1.4 ayurvedic drug manufacturing industry
1.5 textile industry
1.6 gold
1.7 diamond industry
1.8 thrissur pooram
1.9 real estate
1.10 kuries

economy of thrissur

the economy of thrissur largely dependent on industries, retailing , financing. in fact, thrissur 1 of important industrial centers of state of kerala. industries textile, timber, coir, fishery industries, agriculture-based industries, tiles industries present in thrissur. above mentioned industries not sources of revenue thrissur. tourism industry plays important role in thrissur s economy.

shops in busy swaraj round in thrissur city


retailing

a joy alukkas store in thrissur city

as kerala known more consumer state rather producer state, thrissur carries same tag, retailing big business , revenue earner city. jewellery , textile retailing occupies major part of retailing business in thrissur. city considered hub of jewellery , textile business in south india. of jewellery groups have outlets in thrissur , provide jobs thousands of people. jos alukka & sons, joyalukkas, josco group, chemmanur group, kuttukaran group, kalyan group, kalyan silks, kalyan jewellers, seemas wedding collections, pulimoottil silks, emmanuval silks, sree lakshmi silks, fashion fabrics, elite fabrics, elite sareee house, modern silks, manshire, lakshmi silks, kalima collections , chakola silkhouse few name.

tile industry

one of significant industries of area, tile industry of thrissur employs numerous labors state , outside. thrissur tile industry more hundred years old. on years tile industry in thrissur has witnessed many rise , fall has managed withstand bad times. today, thrissur can boasts of 160 tile factories making 1 of biggest hubs of southern india. tile industry of thrissur aided presence of clay suitable making tiles. main centers of tile industry in thrissur in karuvannur, pudukad, ollur , amballur. tile industry has acquired italian technology improve quality , production of tiles. tile industry provides many jobs local people of city.

banking , finance

headquarters of dhanalakshmi bank in thrissur city seen swaraj road

the main strength of thrissur s economy financial capabilities. banking system in thrissur have been accredited effective disbursement of credit various sectors of kerala society. had played big role in kerala s economy earlier part of 1800 s. started christian traders in form of chit fund. gradually, chit fund contributed development of banking industry in thrissur. according reserve bank of india, thrissur in 1930s boasted of head offices of 58 banks , recognised rbi banking town of india. now, thrissur boast headquarters of 3 scheduled banks in kerala, south indian bank ltd, catholic syrian bank, , dhanalakshmi bank. city headquarters of manappuram general finance , leasing ltd, kerala state financial enterprise , esaf microfinance , investments, leading non-banking finance companies in india. according reserve bank of india, thrissur in 1930s boasted of head offices of 58 banks , recognised rbi banking town. according kerala kuri foreman s association, kerala have around 5,000 chit companies, thrissur accounting maximum of 3,000. these chit companies provide employment 35,000 persons directly , equal number indirectly.

ayurvedic drug manufacturing industry

kp namboodiris toothpaste, iconic brand thrissur. thrissur hub of ayurvedic drug manufacturing industry in south india

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thrissur emerging largest hub ayurvedic drug manufacturing industry in india. out of 850 ayurvedic drug-manufacturing units in kerala, 150 units, including of major ayurvedic drug manufacturers in state located in , around thrissur. of these, of companies oushadhi, vaidyaratnam oushadhasala, kp namboodiris, sitaram ayurvedic pharmacy ltd, kandamkulathy vaidyasala, sna oushadhasala etc. among leading ayurvedic drug manufacturers in state.

thrissur ayurveda cluster, anonther initiative group of ayurvedic manufacturers of thrissur, has developed cluster in kinfra park in koratty in thrissur district. cluster meant comprehensive development of kerala brand of ayurvedic products , train manufacturers of ayurveda products on importance of safety, quality , efficacy. cluster have state-of the-art facilities testing , analysis, process product validation, safety study , manufacture. cluster approved department of ayurveda, yoga & naturopathy, unani, siddha , homoeopathy (ayush).

textile industry

the prosperous textile mills have made textile industry of thrissur leading industry in south india. @ present there 6 such mills in thrissur. textile mills in thrissur sitaram spinning , weaving mills; thrissur, alagappa textiles, alagappa nagar; kerala lakshmi mills, pullazhi; cotton mills, nattika; rajgopal textiles, athani; kunnath textiles , vanaja textiles in kuriachira. hosiery products manufactured in of these mills. thrissur 1 of leading producer of hosiery end products in kerala. popular sewing threads, vaiga sold in every corner of country. first mill in thrissur sitaram spinning , weaving mills. established in 1909 devastated fire in 1953. however, reorganized , today 1 of main textile plants of area.

gold

a showroom of kalyan jewellers in thrissur city. city hub of gold jewellery manufacturing in kerala

thrissur city can referred gold capital of india, since there around rs 700 crore business of gold every year in city. major jewelleries in kerala have branches in city. 1 of main manufacturing centers of plain gold jewellery in south india. 70% of kerala s jewellery manufactured in city. gold jewellery in thrissur known world class craftsmanship , exquisite dexterity craftsmanship.

diamond industry

thrissur known hub of diamond , gold jewellery production in south india. majority of units located in kapiparambu, tholur, adat, choondal , avanur in thrissur metropolitan area. there around 75 units employing around 5,000 people. diamond polishing work brought kerala p k sankunni in 1964 mumbai. flourished in these areas providing employment many in own villages women. there flexibility in working hours workers living near units. because of higher wages , less encouragement kerala government, of traders relocating surat in gujarat. @ height of business there 310 units , around 25,000 workers involved in business.

thrissur pooram

a formation of gold-caparisoned elephants @ thrissur pooram. poorams hindu temple-centered festivals popular among both keralites , tourists.

according estimates, around million people around world witness annual thrissur pooram. 2 main participants of 36-hour festival, thiruvambadi , paramekkavu temples, spend rs 1.2 crore on festival. hotels , flats in city give rooms , terraces people witness festival on rent, charging rs 750-1,000 per person. liquor sales, too, see increase during festival. sales through various liquor shops , bars in thrissur city worth around rs 72 lakh on pooram day alone in 2008, according officials of kerala state beverages corporation, government-owned liquor retailer in state.

real estate

real estate 1 of sunshine sectors of city of thrissur s economy. land availability, image of clean , green city, law , order situation, presence of reputed educational institutions , tremendous scope promoting tourism industry pillars of thrissur s real estate hopes. kochi becoming more , more congested day-by-day, in due course of time city of thrissur expected see spurt in number of property buyers. city of thrissur has been favourite among builders of repute in centre of kerala state. further, tourist traffic adjoining guruvayur temple demanding increase in accommodation facilities.

leading property developers kalyan developers, hi-life builders, southern investments, thrissur builders, cheloor group, sreeramajayam builders, jos alukkas group & developers, maya realtors, skyline builders , sobha developers ltd major players. according real estate consultants cushman & wakefield, presence of number of educational institutions, leading hospitals instrumental in driving demand residential property. cushman report says availability of land , preference villas have convinced developers go in niche products, though apartments coming in key locations land scarce.

kuries

thrissur known kuries or chit companies. around 2,000 such companies located in thrissur city both government , private. these kuri companies have played major role in developing thrissur city economic hub in south india.