https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Economy_of_PalakkadEconomy of Palakkad - Revision history2026-09-07T20:07:52ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Economy_of_Palakkad&diff=432562&oldid=prevRoscoeChristy0 at 15:20, 6 October 20232023-10-06T15:20:28Z<p></p>
<p><b>New page</b></p><div><br />
The presence of [[Palakkad Gap]] and proximity to [[Coimbatore]] makes the city of [[Palakkad]] economically important. Palakkad is the second largest industrial hub in the Indian state of [[Kerala]], after [[Kochi]].<ref name=":0">{{Cite news |url=https://timesofindia.indiatimes.com/city/kochi/kanjikode-becoming-a-medical-oxygen-hub/articleshow/82280476.cms |title=Kerala: Kanjikode becoming a medical oxygen hub|date=28 April 2021|newspaper=Times of India}}</ref> Before becoming industrially important, business and commerce were the main kinds of engagement in the city.<br />
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==Commerce==<br />
Palakkad was declared a city in 1866 by the governor of Madras. Before establishing itself, Palakkad had greater roots in commercialization. There are specialised streets for different amenities. Market Road is one of the main roads dedicated to trade and business. It was the major commercial area that belonged to the Palakkattussery Kingdom.<ref>{{Cite web |last=Palakkadwalks |date=2011-11-13 |title=PALAKKADWALKS: "Wonder City Of Palakkad" |url=http://palakkadwalks.blogspot.com/2011/11/wonder-city-of-palakkad.html |access-date=2023-10-02 |website=PALAKKADWALKS}}</ref> At present, the commercialization of the city is picking up, and the suburbs are witnessing growth.<br />
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[[File:Valiyangadi Market, Palakkad.jpg|thumb|Market Road]]<br />
[[File:Joby's Mall.jpg|thumb|Joby's Mall, first mall in Palakkad]]<br />
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==Telecommunication==<br />
[[British Physical Laboratories]] (BPL) was established in 1963 in the city. It had operational manufacturing units for laboratory equipment and telecommunication equipment. [[Indian Telephone Industries Limited]] opened its fifth plant in Kanjikode in 1956, responsible for data handling with the assembly and personalisation of smart cards and electronic manufacturing facilities for PCB's, HDPE pipes, smart energy metres, micro PCs under the Smart City Mission, etc. It also produces information and communication technology (ICT) equipment such as network management systems, encryption and networking for internet connectivity, secure communications networks, and defence equipment.<br />
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==Manufacturing==<br />
One of the major control valve manufacturers under the Ministry of Heavy Industries, Instrumentation Limited has its unit, started in 1974 in collaboration with M/s Yamatake Honeywell co.Ltd., Japan, the world renowned leader in process control instrumentation including final control elements like control valves and plays a vital support role for a very wide spectrum of industrial enterprises – ranging from core sector establishments such as steel, power, cement and oil refineries to large medium and even small scale industries.<ref>{{Cite web |title=Instrumentation Limited, Palakkad, Kerala, India - Manufacturers and exporters of control, butterfly, globe, safety relief, bellows sealed, engineering, angle, high pressure valves and actuator, instrumentation, transmitter, desuper heater, power cylinder, orifice, cavitation and positioner |url=https://ilpgt.com/#:~:text=Instrumentation%20Limited,%20Palakkad%20(ILP),elements%20like%20control%20valves%20etc. |access-date=2023-10-02 |website=ilpgt.com}}</ref><ref>{{Cite news |last=Bureau |first=The Hindu |date=2023-09-16 |title=Union Minister lauds 4 CPSEs for their role in Chandrayaan-3 success |language=en-IN |work=The Hindu |url=https://www.thehindu.com/news/national/kerala/union-minister-lauds-4-cpses-for-their-role-in-chandrayaan-3-success/article67315763.ece |access-date=2023-10-02 |issn=0971-751X}}</ref><br />
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Fluid Control Research Institute is also an institute under the same ministry dedicated to Fluids Engineering in South East Asia for R&D on flow products, Testing and Calibration of Valves, flow meters and other measuring instruments as per ISO requirements, model approval Tests, software for design and selection of flow meters/valves and specialised training programmes and more on the various facilities viz., Water flow Lab, Air Flow Lab, Oil Flow Laboratory and other auxiliary laboratories.<ref>{{Cite web |title=Fluid Control Research Institute - |url=https://www.fcriindia.com/ |access-date=2023-10-02 |website=FCRI India |language=en-US}}</ref><br />
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==Heavy Vehicle==<br />
[[Bharat Earth Movers Limited]] (BEML), a company supplying products, services, and support to defence and aerospace, mining and construction, and rail and metro for clientele within India and around the globe, is the second-largest manufacturer of earthmoving equipment. Its fourth complex is here.<ref>{{Cite news |date=2023-05-21 |title=Vande Bharat coaches likely to be made at BEML Kanjikode |work=The Times of India |url=https://timesofindia.indiatimes.com/city/kochi/vande-bharat-coaches-likely-to-be-made-at-beml-kanjikode/articleshow/100390288.cms?from=mdr |access-date=2023-10-02 |issn=0971-8257}}</ref> The plant was set up to cater to the requirements of the Defence Ministry and Indian Railways.Since inauguration the Palakkad complex has supplied 150 Rail coach Shells and Bogie Frames and 500 HMV Trucks.<ref>{{Cite web |last=https://www.bemlindia.in/portfolio/beml-palakkad-complex/ |title= |url=}}</ref><br />
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==Oxygen==<br />
Inox Air Products has its plant here, which is the sole producer of liquid oxygen and the biggest producer of oxygen in Kerala. It produces 149 tonnes of medical oxygen daily and has a storage capacity of 1,000 ns. Sri Venkateswara Oxygen Pvt. Ltd. is another one that meets the 80% requirement of industrial oxygen in the state and also produces medical oxygen cylinders for hospital purposes.<ref name=":0" /><br />
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==Petroleum==<br />
Bottling plant of Hindustan Petroleum Corporation Limited (HPCL) is located in Kanjikode.<ref>{{Cite web |title=BPCL's LPG pipeline project in Kerala back on track; to be commissioned upto Palakkad in April 2020 |url=https://www.newindianexpress.com/states/kerala/2019/dec/31/bpcls-lpg-pipeline-project-in-kerala-back-on-track-to-be-commissioned-upto-palakkad-in-april-2020-2082916.html |access-date=2023-10-04 |website=The New Indian Express}}</ref> LPG storage and bulk dispatch terminals of Bharat Petroleum Corporation Limited (BPCL) are also present.<ref>{{Cite web |last=www.ETEnergyworld.com |title=Indian Oil Corp to expand LPG facilities in Kerala and Tamil Nadu - ET EnergyWorld |url=http://energy.economictimes.indiatimes.com/news/oil-and-gas/indian-oil-corp-to-expand-lpg-facilities-in-kerala-and-tamil-nadu/58089256 |access-date=2023-10-04 |website=ETEnergyworld.com |language=en}}</ref><br />
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==Pharmaceutical==<br />
[[AVP Research Foundation|Arya Vaidya Pharmacy Coimbatore (AVP)]], one of the major dealers of ayurvedic medical science, has its major and largest medicine manufacturing unit in Kanjikode.<ref>{{Cite web |title=Factory |url=https://www.avpayurveda.com/factories/ |access-date=2023-10-06 |website=Healing Through Ayurveda |language=en-GB}}</ref> [[Arya Vaidya Sala|Kottakkal Arya Vaidya Sala]], another major dealer of ayurvedic medical science, also has a manufacturing unit.<ref>{{Cite web |title=Manufacturing Units {{!}} Arya Vaidya Sala Kottakkal |url=https://www.aryavaidyasala.com/mfgunits.php |access-date=2023-10-06 |website=www.aryavaidyasala.com}}</ref> There are also a number of pharmaceuticals located here related to allopathic medicine.<ref>{{Cite web |last=Corporation |first=Lewasol |title=Welcome to Labinduss Limited Kerala India - Oral Liquid Section, Capsules, External Preparations Lotions, External Preparations Cream, Ointment, Liniments |url=http://www.labinduss.com/ |access-date=2023-10-06 |website=Labindus Limited |language=en}}</ref><br />
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==Steel==<br />
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There are a number of large and medium iron and steel industries which are mainly concentrated along Kanjikode Para road.<ref>{{Cite news |date=2015-11-05 |title=Chemical contamination posing threat to Korayar |language=en-IN |work=The Hindu |url=https://www.thehindu.com/news/national/kerala/chemical-contamination-posing-threat-to-korayar/article7848857.ece |access-date=2023-10-04 |issn=0971-751X}}</ref><br />
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==Textile==<br />
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{{Empty section|date=October 2023}}<br />
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==Cement==<br />
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{{Empty section|date=October 2023}}<br />
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==Others==<br />
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{{Empty section|date=October 2023}}<br />
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==References==<br />
{{reflist}}<br />
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[[Category:Economies by city in Kerala|Palakkad]]<br />
[[Category:Palakkad]]</div>RoscoeChristy0