Economy
In 18th century, the ruler of Kingdom of Cochin, Sakthan Thampuran, brought four Christian families for improving commerce and trade to the place known as 'Chanthappura' (now Chandakunnu) near Irinjalakuda. Economic development took place and Kochi Divan Shanmughan Chetty constructed a canal link known as ‘Shanmugham Canal’ to Cochin which improved the water transport of goods and hence the business. The canal still exists even it has lost the past glory. The ayurvedic soap, Chandrika, made by C. R. Kesavan Vaidyar originated in Irinjalakuda and was bought by the Bangalore company Wipro. Another company which had made it big is Bombay Stock Exchange listed is Kerala Solvent Extractions Ltd. The company manufacture cattle feed, edible oils and dairy products. KPL Oil Mills Private Ltd, a big name in packaged coconut oil industry is now national product which is available all over India.
Read more about this topic: Irinjalakuda
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)