Economy

The city of Thrissur, the Cultural Capital of Kerala, is also considered as a major commercial and business hub of South India. It is said to be the heartland of Kerala’s business acumen and home to most every leading Malayali entrepreneurs. The city which is famous for Bullion, Banking and its Business acumen, is the darling of investors in Kerala. Thrissur city is also referred as the Golden city of India. It manufactures 70% of plain gold jewellery in Kerala per day. According to a survey, Thrissur city has been placed on 7th among the ten cities in India to reside. According to Registrar of Companies, the period from January 1 to March 31, 2010, 87 companies were registered in Thrissur city and stood second in Kerala after Cochin. Thrissur’s traditional strength lies in best entrepreneurial and financial capabilities.The economy of Thrissur is largely dependent on industries, retailing and financing. In fact, Thrissur is one of the most important industrial centers of the state of Kerala. Industries like textile, timber, coir, fishery industries, agriculture-based industries, tiles industries are present in Thrissur. However the above mentioned industries are not the only sources of revenue for Thrissur. The tourism industry plays an important role in Thrissur’s economy.

Retailing

As Kerala is known more as a consumer state rather than a producer state, Thrissur also carries the same tag, as retailing is a big business and revenue earner for the City. Jewellery and textile retailing occupies a major part of the retailing business in Thrissur. The City is considered as hub of jewellery and textile business in South India. Most of the jewellery groups have outlets in Thrissur and provide jobs to thousands of people. Jos Alukka & Sons, Joyalukkas, Josco Group, Chemmanur Group, Kuttukaran Group, Kalyan Group, Kalyan Silks, Kalyan Jewellers, Seemas Wedding Collections, Pulimoottil Silks, Emmanuval Silks, Sree Lakshmi Silks, Fashion Fabrics, Elite Fabrics, Elite Sareee House, Modern Silks, Manshire, Lakshmi Silks, Kalima Collections and Chakola Silkhouse are the few to name.

Tile industry

One of the significant industries of the area, the tile industry of Thrissur employs numerous labors from the state and outside. The Thrissur tile industry is more than a hundred years old. Over the years the tile industry in Thrissur has witnessed many rise and fall but it has managed to withstand the bad times. Today, Thrissur can boasts of 160 tile factories making it one of the biggest hubs of southern India. The tile industry of Thrissur is aided by the presence of clay suitable for making tiles. The main centers of Tile Industry in Thrissur are in Karuvannur, Pudukad, Ollur and Amballur. The tile industry has acquired Italian technology to improve the quality and production of tiles. The tile industry provides many jobs to the local people of the city.