Business Opportunities in ThiruvananthapuramThiruvananthapuram is today looking forward to capitalize on growing opportunities in business and industry. Tourism plays a major role in keeping the economy growing together with other services, especially information technology. Today, many medium and large scale industries are encouraged to operate in industrial estates in and around Thiruvananthapuram, giving the city’s economy a much needed boost and offering many employment opportunities. A deep water port being built at Vizhinjam will also boost the economy after it is commissioned. Districts close by such as Kollam, Pathanamthitta, Allapuzha and Kottayam also offer growing business opportunities in real estate and other services. The city is also close to major shipping lanes from the Gulf to the Straits of Malacca. Busy air routes to South-east Asia also pass over the city. The fact that such major hubs of economic activity such as Dubai and Singapore are a few hours away by air add to the city’s attraction as a place of commerce.
- 2,500 hectare information technology investment region.
- Vizhinjam deep water port & 1,100 hectare industrial zone.
- Special tourism zone at Kovalam.
- 500 acres Technocity.
- Electronic and biotechnology parks.
- International convention centre.
Thiruvananthapuram an Emerging City
Surveys have ranked Thiruvananthapuram as the best emerging destination in India. With a per capita income of Rs 1,02,156 it ranks second in India. Having clocked 60 per growth in IT exports in recent years, it leads other centres in India. The city also has high savings per capita. Infrastructure in the city is of high quality and internet connectivity is also reliable. Cost of living is also comparatively low. The city is well connected by air, rail and road to other IT centre and major cities in India. Educational institutions and R&D hubs also add to its advantage. Abundant natural attractions around the city enhance quality of living. Many private builders have come forward to partner the government’s initiatives with apartments and villas for world class living in Thiruvananthapuram.
IT & Tourism Centre Thiruvananthapuram
The city has made its mark on India’s IT map with Technopark, 10 km from the city centre. It offers more than 330 acres of built-up office and integrated townships, ideal for professionals to live and work in. Techopark today is home to more than 300 software, electronics and ITES companies from India and abroad. Phase III of the park is already in operation and Phase IV of Technopark is also being developed on an additional 500 acres as Technocity. It will also include an integrated township and nine special economic zones. A 2,500 hectare information technology investment region is also being planned.
Thiruvananthapuram plays an important part in Kerala’s tourism industry It has become the base for many of the tourists from all parts of India and the world to explore the rest of Kerala. Thiruvananthapuram itself attracted more than 17 lakh tourists out of a total of 1.14 crore domestic and foreign tourists who visited Kerala in 2013. The city has often topped in the number of foreign tourist arrivals for the year and this has increased since the introduction of visas on arrival. Opportunities in tourism exist in the hospitality sector in all categories including hotels, resorts, homestays, restaurants and cafes as well as allied services in and around the city. Ayurvedic centres are also mushrooming in the city and offer a variety of wellness packages. A special tourism zone is being planned at Kovalam.
Thiruvananthapuram offers dedicated industrial parks for gaming and animation, apparel, health services, telecommunication equipment and biotechnology. Small and medium industries can look to the Kerala Sate Industrial Development Corporation which is in the forefront of encouraging manufacturing. It offers financial assistance, guidance, single window clearance and consultancy for large and medium enterprises. Industrial estates at Papannamcode, and Manvila are home to a variety of industries and companies. Sector specific clusters with all facilities are being promoted by the government. An electronics technology park with all facilities at Technopark is attracting many electronics manufacturers. The new biotechnology park is expected to attract investments in tissue culture, biopesticides, biofertilisers, vaccines, enzymes and fish fatty acids. The state government has also planned a 4,000-seater international convention centre and a 1,100 hectare industrial zone for port-based industries.
Chambers of Commerce in Thiruvananthapuram
Chambers of Commerce in Thiruvananthapuram offer companies interested in investing in the city a host of services and guidance. Their main objectives are to promote and facilitate trade and commerce in the city. These organizations include:
Trivandrum Chamber of Commerce & Industry
No.5/265, Chamber Building, Hall TTC Road
Kowdiar, Thiruvananthapuram – 695003
Tel: + 91 471 2317555, +91 471 2318555
Kerala Chamber of Commerce
TC 26/114 (38), 3rd Floor Capital Centre
Statue Junction., M. G. Road, Thiruvananthapuram - 695001
Tel: +91 471 257 0161
Indian Chamber of Commerce & Industry
No. A-80, Deepam, Desabhimani Road
Thiruvananthapuram – 69 001
Tel: +91 471 2321888, +91 471 32 0967