Economy
Main agricultural products of this town include rubber, black pepper, and other spices. The chief commodities of export here are the hill products: pineapple, pepper products, plywood and timber. The Punalur Paper Mill Ltd., a paper industry established in 1888 by a German national, was closed in 1987 due to labour disputes. Various attempts to resolve the issues crossed two decades to produce any result but finally reached legal settlement in Feb. 2011 between the new management and the State Government. It is in the process of running by the newly formed management. Major share of PPM owned by Akhula Industries, Hyderabad.
The Punalur economy was at its height during the time of Punalur paper mill. However, other industries like Agro-Fruit, State Farming Corporation, Rehabilitation Plantations, RPC Kraft Paper, plywood industry, etc. are still provides a significant contribution to Kerala. The Punalur market is also assisted by the agricultural industries.
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