Over the past few decades the prices of real estate Kochi has been going very high. Kochi has been making a number of progresses over the past few years. It is home to many large and medium scale industries making it the commercial capital of Kerala. It is one of the most important trading posts on the West coast of India thus increasing the trade with Chinese, Portuguese, Dutch and British. Cochin is a bustling industrial centre with various industries of ship building, handicrafts, petrochemical refining and space trading. One of the leading ship building and ship repair yards in the country is the Cochin Shipyard. It is among the top ten public sector undertakings of the Indian Government and is a builder of the largest ships of the Merchant Navy and the Indian Naval Services. Cochin Shipyard also undertakes building/repairing tankers, bulk carriers, tugs, patrol vehicles, passenger vessels and docking pontoons. Cochin Port Trust is another greatest center of activity in Kochi. The strategic location of Kochi in the international seafaring route in the midway of Europe, Middle East and East Asia and the Pacific Rim is an advantage. It is an all weather natural harbor and a large exporter of goods, especially spices and sea foods. The port located on Willingdon Island is expanding the Port Trust by building an international container transhipment terminal at Vallarpadam. This will help them to increase the large cargo movement along the international east west sea lane. Fertilizers and Chemicals Travancore Limited (FACT) in Kochi is a large scale fertilizer plant in India which has established itself over the years.