Business in KottayamSituated in the south-central part of the Indian state of Kerala, Kottayam is one of the fast growing economies of the southern region of the country. The city is a very crucial trader of commercial crops like rubber and spices. Many of the major Kerala print media including Mangalam, Malayala Manorma are headquartered in the district. It was the first Indian city to attain a 100% literacy level and also the first tobacco-free city.
Most of the business and economy of Kottayam is supported by the trade of natural rubber. The rubber trees are extensively planted and cultivated on the lush green plantation of Kottayam. The Rubber Board, which is the apex body of natural rubber in India, set up by the Government of India, is also located in Kottayam. Numerous enterprises in and around the town are involved in the making the rubber latex and casting many rubber products.
The other commodity driving the economy of Kottayam is the trade of spices. Many types of different spices are cultivated widely in Kottayam. Also known as the business centre, the road passing through the heart of Kottayam connecting Kumily is a feast for all shopaholics. Sastri Road, a shopping hub, has its tributaries in as well as outside India. The other commercial hubs of the town include Kanjikuzy and Baker junction which again add to the economy of Kottayam.
The Kottayam district is also a host to many renowned firms like Hindustan Newsprint Ltd., KSE Factory etc. Tourism is yet another biggie in the district, contributing humongous to the economy of Kottayam. Kumarakom is just at a stretch of 14 km from the town and is a paradise for all nature admirers. Vagamon is yet another very popular tourist destination is located on the borders of Kottayam.
Kottayam attracts tourists from all over the world due to its rich culture and unique characteristics. Hosting many popular ancient churches, mosques as well as temples it fascinates people around the globe, thus adding to the economy. There are plenty investment opportunities in Kottayam. One can set up a rubber and latex based enterprise or a small agro-based unit in the district. One can also invest in the fast growing and upcoming backwater tourism in Kottayam.