KOCHI - Industrial Development Post Independnce

By Vivek → Monday, 27 February 2017
Kochi also known as Cochin  is a major port city on the south-west coast of India by the Arabian Sea and the Laccadive Sea and is part of the district of Ernakulam in the state of Kerala. It is often called Ernakulam, which refers to the specific district. With a corporation limit population of 612,343, and metropolitan population of 2.1 million, Kochi city is also a part of the Greater Cochin region and is classified as a Tier-II city by the Government of India.
development in kochi

The civic body that governs the city is the Kochi Municipal Corporation, which was constituted in the year 1967, and the statutory bodies that oversee its development are the Greater Cochin Development Authority (GCDA) and the Goshree Islands Development Authority (GIDA).

Economy

Kochi is widely referred to as the commercial capital of Kerala. Kochi is home to Cochin Stock Exchange, the only stock exchange in Kerala. Federal Bank, the fourth-largest Private-sector bank in India is located in Aluva which is a suburb of Kochi. Being a major online trading centre in the country, Kochi has a newly opened SEBI office.
development at kochi

 Availability of electricity, fresh water, long coastline, backwaters, good banking facilities, presence of a major port, container trans-shipment terminal, harbour terminal and an international air terminal are some of the factors which accelerated the industrial growth in the city and its adjoining district. In recent years the city has witnessed heavy investment, thus making it one of the fastest-growing second-tier metro cities in India. Sales tax income generated in the Kochi metropolitan area contributes heavily to state revenue. The district contributes the highest portion, 14.47%, of the state's GDP. Construction and manufacturing combined contributes 37%, and trade, tourism and hospitality together provides another 20%. Major business sectors include construction, manufacturing, shipbuilding, transportation/shipping, seafood and spices exports, chemical industries, information technology (IT), tourism, health services, and banking. Kochi is recognised as one of the seventeen major industrial cities of India by World Bank, Doing Business Group.
industrial development in kochi

Kalamassery which is situated around 16.5 km from the City Center is one of the major Industrial areas. Leading factories like FACT, HMT and IT/Biotechnology park like KINFRA Hi-Tech Park are located here.
 Kochi has an established electronics hardware industry with companies such as V-Guard Industries, OEN India Limited, FCI OEN Connectors and SFO Technologies. The Government of Kerala has announced a project to build an industrial park named Electronic City spanning an area of 340 acres (140 ha), to cater to the electronic hardware industries. The private operator NeST is building a Special Economic Zone specifically for electronics hardware spanning an area of 30 acres (12 ha).

Transport

Air


airport at kochi
The air gateway to Kochi is the Cochin International Airport (CIAL) located at Nedumbassery, which is about 28 km (17 mi) north of Kochi city, and handles both domestic and international flights. It is the first international airport in India to be built without Central Government funds and is the world's first fully solar energy powered airport.
The Cochin airport provides direct connectivity to popular international destinations in the Middle East, Malaysia and Singapore and to most major Indian cities apart from tourist destinations like Lakshadweep. Kochi is also the headquarters of the Air India Express service. With a terminal area of 840,000 sq ft (78,000 m2), and a passenger capacity of 2200 (international and domestic), it is the largest and busiest airport in the state. It is also the fourth busiest airport in India in terms of international passenger traffic, and seventh busiest overall.

Road


roads at kochi
Kochi is well connected to neighbouring cities and states via several highways. It is a node in the North-South Corridor of the National Highway system.

National highways

Kochi is served by National Highway 544, National Highway 966A, National Highway 966B and NH 66.

Rail


rail
The city has two major railway stations – Ernakulam Junction and Ernakulam Town . The main rail transport system in Kochi is operated by the Southern Railway Zone of Indian Railways, and comes under Thiruvananthapuram Railway division. The South station is one of the busiest railway stations in South India, with more than 128 scheduled train services daily.

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