Economy of Kozhikode district
There has been great leap in small scale industries in kozhikode. It has become a major non-leather footwear manufacturing hub in India. Footwear industries have been flourishing in this city. Kozhikode 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. Kozhikode District with 8% of the state population makes 12% contribution to the state's income.
Building Boom
Kozhikode has witnessed a building boom in recent years. This is particularly evident in the number of malls and buildings built in recent years. Kozhikode 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. Kerala's first and second tallest buildings are under construction in kozhikode. It is also famous for timber trade and roof tales manufacturing centre.
Ports
The District has an intermediate port at Kozhikode (including Beypore) and a minor port at Vadakara. In coast line of the Kozhikode 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. Kozhikode Port has a Light House and a Signal Station. The godown at South Pier is used as transit sheds.
Cyber Parks
Two IT "cyber parks" are under construction in Kozhikode. One is the UL cyber park (constructed and operated by ULCCSC, a Kozhikode-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 organisation 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 100,000(100000) direct job opportunities. It is in the process of setting up IT parks at Kozhikode, at the SEZs approved at Kannur and Kasargod. Its first project is the development of Cyberpark hub in Kozhikode with its spokes at Kannur and Kazargode IT parks.[1][2] 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.
Shopping
The city has a strong mercantile aspect. The main area of business was once Valiyangadi (Big Bazaar) near the railway station. As time progressed, it shifted to other parts of the city. These days, the commercial heart has moved to Mittai Theruvu (Sweetmeat Street or S. M. Street), a long street crammed with shops that sell everything from saris to cosmetics. It also houses restaurants and sweetmeat shops. Today, the city has multiple shopping malls. Focus Mall (the first shopping mall in Kerala), HiLITE Mall (the second largest mall in Kerala) and RP Mall are a few among them.[3] Currently, new shopping malls are springing up all over the city. This has changed the consumer habits, shifting the centre of commerce from S. M. Street to these places.
- ^ "calicut cyberpark".
- ^ [1] Archived 2010-02-12 at the Wayback Machine
- ^ "HiLITE City, One of India's Largest Mixed Use Development Project Enters the Limelight". Business Wire. 9 March 2015. Retrieved 4 September 2015.