Cochin has become a hub of activity recently. It has developed greatly over the past few years. There are a number of industries that are now flourishing in Cochin besides the vast amount of IT activity that is going on. It has become an important commercial center in India.
India’s first large scale fertilizer plant Fertilizers and Chemicals Travancore Limited (FACT) is placed in Cochin. It was set up in 1943 as a private enterprise but the Government of India is the major shareholder today. Besides its original business of manufacturing and distributing fertilizers FACT is now engaging itself into engineering consultancy and equipment manufacturing also.
In 1978 Cochin Stock Exchange was established. In 1990 it became the first exchange to introduce computerization and online trading. Cochin Stock Exchange set up a subsidiary Cochin Stock Brokers Limited in 1999. The Cochin Stock Brokers Limited is a corporate member of the National Stock Exchange, Delhi and Bombay Stock Exchange. It provides trading facilities on these exchanges to users all over the state.
Cochin also houses many other large and small scale industries like Periyar cables, Travancore Rayons in Perumbavoor, Transformers and Electricals in Angamali, Trace cable company in Irimpanam, Kerala Electricals and Allied Engineering company in Mamala, Modern Bakeries, Kerala Agro Machinery Corporation, Standard Potteries, Periyar Chemicals, Cominco Binani Zinc, Indian Aluminium Company, Asoka Textiles, Travancore Cochin Chemicals, Forest Industries of Travancore, Hindustan Insecticides, Carborandum Universal, Ogale Glass Works, Hindustan Machine Tools, Premier Tyres, Indian Rare Earths etc.
As a result the prices of real estate Cochin have risen to great heights. More and more builders are now interested in Cochin.
