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:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)