Cochin, also known as Kochi, is called “Queen of the Arabian Sea”. It is located on the west coast of India facing the Arabian Sea. Cochin is famous for tourism and its busy harbor complex. Cochin is one of the major seaports of the country. The twin city of Ernakulam is a commercial center and is surrounded by the many isles of Fort Vypeen, Willingdon Island and Bolghatty Island. By the volume of trade done is Cochin, it is rightly called the economical capital of Kerala. Kerala's only stock exchange market is located at Cochin.
Major business sectors in Cochin include seafood, spice export, fishing industry, tourism, IT, gold and textile retailing, and banking. Cochin is the headquarters of the primary training center of the Indian Navy. Cochin fishing harbor is the major fishing port and it supplies fish to local and export markets. To tap the potential of deep waters, which is prevalent in all seasons at Kochi, several marinas and an international cruise terminal were constructed.
Public transport is largely dependant on bus travel, taxis and autos. There is an inter rail facility available and it is administered by southern railway zone. Cochin International Airport is the busiest airport in India and the largest in Kerala. It handles both domestic and international flights. Private boat jetties also offer various boat services. The Cochin Special Economic Zone is one of the best infra-structural facilities in India. The CSEZ is the largest employment spot in Kerala with a diversified export product catalog which includes hardware, garments, rubber products, processed food, gems and jewelry. Cochin is well balanced to be the ideal test bed for infra-structural development.
Enormous potential exists in Cochin for the use of Information Technology. Various IT and ITES related industries are flourishing in Cochin. Low operational costs and availability of inexpensive bandwidth through undersea cables has been the major advantage for growth of IT industries in Cochin. Many industrial and technological campuses such as KINFRA Export promotion Industrial Park and government promoted infopark operate on the outskirts of Cochin. A huge number of new industrial campuses for trade, development and research in information technology, biotechnology and electronic hardware have been set up in the suburbs of the city.
There are various industries in Cochin which generate good revenue. For example, Fertilizers and Chemicals Travancore Limited, Cochin Refineries Limited and Cochin Shipyard Limited. Other important contributors to the city's economy are export and allied activities. Historical reliance of Cochin on trade continues in modern times also. This city is a major exporter of spices, and black pepper is globally traded here. Cochin port handles the import and export of cargo at its terminal. The international container transshipment terminal at Cochin, which is the first in the country, is expected to be a huge transshipment port in India.
Real estate business in Cochin has grown at a rate of 30% in some years. Major revenues are generated by tourism in this city. Cochin is very famous for its tourism. Various places such as St. Francis Church, Santracruz Cacilica, Thallassery Fort and many more attract a number of tourists.
Cochin offers a number of options for foreign investors to invest their money and reap various benefits.