It is known for the cinnamon plantations, which are believed to be the biggest in Asia. In 1797, the East India company set up a 1000 acre plantation of coffee, cinnamon, pepper, nutmeg, sugarcane and sandal wood plant.
Originally the Anjarakandy Cinnamon estate was a mixed plantation of cinnamon, pepper, cloves, nutmeg and other spices but today it specializes in cinnamon and the oil that is extracted. The historical significance is that Pazhassi Raja and the British army fought for the estate in 1903. Visitors to Anjarakandy Cinnamon Estate can watch the process for preparing the cinnamon spice and extracting the oil for perfume.