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Business and Economy of Kozhikode

The business and economy centres around this port town, Kozhikode, have a variety of traditional and modern business enterprises. The coastline extends all the way from the cape of Elathur to the southern banks of the Kaladungi River. This river moves along in a straight line offering excellent means of transport. There is tremendous scope for employment. The business and economy here was based on fisheries as is witnessed by the Kozhikode port, its light house as well as its signal station. There is also a minor port nearby at Vadakara while Kozhikode has the advantage of having the Beypore port as well. These ports have been the gateway to the economic prosperity of Kozhikode and Kerala on the whole since long.

Business and Economy in Kozhikode

Business Opportunities in Kozhikode

It is interesting to note the range of business opportunities available in the area. The range is wide and varied. From traditional occupations like fishing and fisheries to the modern ones in Information Technology induced cyber parks. The city is well connected through road routes and a well laid out network of railways. There is and also the air route as travel and far as transportation goes. A significant fact is that the population of Kozhikode is just eight per cent of the total state of Kerala and contributes a major twelve per cent share to its economy.

The port town houses some godowns that are used as stores even today. Business houses can use them as warehouses and assure the safe movement of their goods on the water ways. On the modern side there are two cyber parks of which one, which had been proposed by and implemented by the ULCCSC Company, is based within the Kozhikode precincts itself. These two cyber parks will be completed well within the scheduled period. The first is just about ready to go operational while the second has made excellent progress. One would be ready by the end of 2014.

Business opportunities obtained a tremendous boast with the setting up of these two cyber parks as it is hoped that about a hundred thousand job opportunities would open up within these institutions and alongside them. Once the job roles are identified then it would become all the easier for the business houses to supply the requisite services and supplies to the city and its surrounding. Near the Railway station is the older mercantile hub of Kozhikode called Valiyangadi or the big bazaar. The current business hub of the city is the ‘Mittai Theruvu’ or the ‘Sweetmeats Street’. It is the sales point for all kinds of consumer goods from everyday utility products like toiletries, cosmetics, clothes, saris, household linen, utensils and innumerable eating joints like restaurants and sweetmeat shops. Besides these two marketing and business centres there are the several malls that have come up.

Business in Kozhikode

Fisheries are the source of activities around which a majority of the business of Kozhikode revolves. Various forms of industries that are allied with fisheries like frozen food, processing units and wholesale as well as retail, all contribute to the business nexus. Another business area is the Milma or the milk cooperative situated at Peringolam near the Kunnamangalam area where 60,000 liters of milk collected as surplus from Wayanad, Nilanbur, and Palaghat are stored. At this processing hub the milk along with milk products are by processed into various products like ice cream, ghee, curd, sambharam etc which were regularly manufactured and at various stages marketed by the Peringolam unit.

Investment in Kozhikode

There is tremendous scope for investment at Kozhikode especially in the field of Information Technology whereby two cyber parks had already been established and two more are underway. These are the Birla IT Park located at Mavoor as also the Malaysian satellite suburbs at Kinaloor. It is here that the KINERA plan to bring up their envisioned industrial park to spread over four hundred acres or an area encompassing over one and a half square kilometers. Thus, there are all kinds of investment opportunities that have great maximizing potential for return on investments.

Investment Opportunities in Kozhikode

The Kozhikode region has also been declared a socio-economic zone or an approved SEZ to come up in the areas of Kannur and Kasargod. The natural beauty of Kerala coupled with the newer settlements creates tremendous potential for investments in the infrastructural, tourism and services sectors. Job opportunities in the Cyber Park would give scope for innumerable jobs to people who cater to the needs of living, transportation, housing, board and lodging besides a whole range of sources ranging from food to laundry and such like can come up.

Thus, Kozhikode is on the verge of becoming a boom town and should be the next great dream for those seeking placement in the cyber world and Information Technology related work spaces.

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