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"Ideas are the currency of new economy."

Economy

Thiruvananthapuram was known for long for its high human development at low incomes. But recent years have seen a great change in the status of Thiruvananthapuram. A fairly high density of population, close settlements in the lowlands and coastal plains and the increasing movement towards service sector employment has seen Thiruvananthapuram, urbanize rapidly. Urbanization has brought to the fore many daunting challenges before the State. Rapid urbanization calls for greater investment in transportation, housing, sewerage, drinking water and waste management. All this calls for vast improvement in the efficacy of public expenditure.

 

The economy of Thiruvananthapuram, the capital of the Indian state of Kerala, mostly consists of tourism and leisure, information technology, rubber plantations, production, tea, and education. There are many manufacturers, such as Travancore Titanium Products Ltd and English Indian Clays (The Thaper Group); but there is less industrialisation than in other major south Indian cities like Chennai, Kochi or Bangalore.

 

In Thiruvananthapuram, there are many medium and large scale industries which fall under central sector, state sector, co-operative sector, joint sector and private sectors. The Kerala State Industrial Development Corporation (KSIDC) is a public sector establishment to set up small scale and large scale industries effectively. The registered working factories in the city include oil mills, cashew factories and cotton textiles; sawmills, printing units, rubber industrial units, chemical units, match factories, general engineering units and automobile workshops. The S.M.S.M. Institute in Thiruvananthapuram is a major institution through which the products of the handicraft industries are marketed.

 

Thiruvananthapuram was rated as the best 2nd tier metro with IT/ITES infrastructure, and second in terms of availability of human talent. The district contributes 80% of software exports from the state. Technopark also houses global majors like Infosys,TCS, HCL, Visual Graphics Computing Services, Allianz Cornhill, UST Global, Ernst & Young Global Shared Services Center, Tata Elxsi, Oracle Corporation, IBS Software Services, NeST Software, SunTec Business Solutions etc. Technopark was established for the development of electronics and information technology in the State. It is India's first industrial park dedicated to electronics, software, and IT ventures. Started 1995, the campus at Thiruvananthapuram city covers an area the 330 acres and over 50,000 IT professionals are working here.

 

Kerala, which largely depends on the remittances of around two million Malayalis working in the Gulf, has now become a thriving job market for workers hailing from Assam, West Bengal, Bihar, and Orissa. Though the exact figure is not clear, a Labour Department estimate puts it at 20 lakh to 30 lakh, which includes skilled, semi-skilled, and unskilled hands. This is same in the case of Thiruvananthapuram as well being the capital of Kerala. Brought to the State by labour contractors, they come in search of better wages from Jharkhand, Chhattisgarh, Andhra Pradesh, and Tamil Nadu, and are engaged in sectors such as construction, hotels, footwear, plywood making, lottery selling, quarry and brick kilns.

 

These are the economic and employability picture of Thiruvananthapuram. There is no lack of availability of skilled persons within the city. But for new startups, the availability of land is a major issue. So expanding industries in outside city walls is the only possible solution in future. In order do that Good road connectivity is necessary. For that good planning is required.

 

Please post suggestions and smart ideas to eliminate these problems....