Economy
Calicut 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.
Calicut District with 8% of the state population makes 12% contribution to the state’s income. Calicut has witnessed a building boom in recent years. This is particularly evident in the number of malls and buildings built in recent years. Calicut is also going to be the first city in Kerala to have a mono rail transporting system.The KSRTC bus terminal which is under construction is the biggest bus terminal in Kerala.
The District has an intermediate port at Calicut (including Beypore) and a minor port at Vadakara. In coast line of the Calicut 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 dilapidate condition. Traffic is mainly dealt at Beypore port. Calicut Port has a Light House and a Signal Station. The godown at South Pier is used as transit sheds.
Two IT "cyber parks" are under construction in Calicut. One is the UL cyber park (constructed and operated by ULCCSC, a Calicut-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 organization 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 1 lakh(100000) direct job opportunities. It is in the process of setting up IT parks at Calicut, at the SEZs approved at Kannur and Kasargod. Its first project is the development of Cyberpark hub in Calicut with its spokes at Kannur and Kazargode IT parks. 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.
Read more about this topic: Calicut
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)