Economy
FACT, India’s 1st large scale unit was set up in 1943 for fertilizer. In 1947, FACT Udyogamandal started production of ammonium sulphate with an installed capacity of 10,000 MT nitrogen. FACT became a Kerala State Public Sector Enterprise on 15 August 1960 and on 21 November 1962; the Government of India became a major Shareholder. FACT engineering works was established on 13 April 1966. Aluminium oxide is also produced in Kalamassery.
Apollo Tyres Ltd is a high-performance company and the leading tyre manufacturer in India with annual revenues over US $ 1 billion (2006–07). The company had four manufacturing units in India, two in South Africa and two in Zimbabwe. The history of Apollo Tyres dates back to 1975. The first manufacturing facility was established in Perambra, outside Cochin in Kerala. In April 1995, Apollo acquired the Premier Tyres plant in Kalamassery.
There are also many small scale industries in Kalamassery. A part of South Kalamassery is as an Industrial area, with small scale industries such as perfume making industries and plastic recycling industries. Many people are engaged in employment through these industries. There are also Kudumbasree associations, employing many women. Some women are engaged in the cultivation of Ayurveda plantation.
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Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)