Saint Mary's Syro-Malabar Catholic Church, Koratty is one of the biggest Marian/Christian/Catholic pilgrimage travel destination of Kerala in India.

The Vaigai Thread Processors, formerly J&P Coats, was started on 98 acres of land given on a 99-year lease by the government in 1952.

The press was started in Koratty due to the intervention of Panampilly Govinda Menon, former CM of Travancore-Cochin region and renowned Kerala politician.

He was a union minister and pushed for the establishment of press for giving more job opportunities for the local people.

On a part of modernization drive & due to non-feasibility, Govt of India UM has decided to shut down its operation.

A new venture for manufacturing and quality control of Ayurvedic medicines promoted jointly by Kinfra & and major Ayurvedic Medicine manufactures (Pankajakasthuri, The Arya Vaidya Pharmacy, Vaidyaratnam Oushadasala, Nagarjuna, Sitaram, Sreedhareeyam, S.D.

Infopark Thrissur is considered to provide direct employment to 3,000 people and may boost the real estate sector in this area.

The new upcoming campus consisting of a multistory building, with more than one lakh square feet built up area got Special economic zone (SEZ) status from government of India in July 2014.

Mar Augustine Memorial Higher Secondary School (MAMHS), Little Flower Convent Higher Secondary School (LFCGHSS), Government Poly Technic College (GPC), Naipunnya Institute of Management and Information Technology, Perpetual Succour Higher Secondary School (PSHSS), Thirumudikkunnu are the major institutions of Koratty.