Economy of Mangaluru
{{Short description|None}}
{{Use dmy dates|date=December 2018}}
{{Use Indian English|date=December 2018}}
File:Falnir skylines viewed from Kankanady.jpg
Industrial and commercial activities dominate Mangaluru's economy. Mangaluru is the only city in the state of Karnataka to have all modes of transport — air, road, rail and sea — as well as being one of only five cities in India to have both a major port and an international airport. Around 75% of India's coffee, timber and cashew nuts exports are handled by the New Mangalore Port.{{cite news
|url=http://economictimes.indiatimes.com/Features/The_Sunday_ET/Property/Mangalore_takes_over_as_the_new_SEZ_destination/articleshow/2788712.cms
|title= Mangalore takes over as new SEZ destination
|accessdate= 2008-04-22
|newspaper=The Economic Times
|date=2008-02-17}} Mangalore International Airport is one of only two international airports in Karnataka; the other being Bengaluru's Kempegowda International Airport.{{cite news|url=http://www.daijiworld.com/news/news_disp.asp?n_id=46732&n_tit=Mangalore+Airport+Traffic+up+by+92%25+%3A+Surpasses+Mumbai%2C+Bangalore%2C+Chennai |title=Mangalore Airport Traffic up by 92% Surpasses Mumbai Bangalore Chennai |newspaper=Daijiworld |date=18 May 2008 |accessdate=2014-06-17}} Mangaluru is the fastest growing non-metropolitan area (Indian city of population less than one million) in South Indiahttp://www.censusindia.gov.in/2011-prov-results/paper2/data_files/India2/Table_2_PR_Cities_1Lakh_and_Above.pdf {{Bare URL PDF|date=March 2022}} and the second largest business centre in Karnataka. The city has some of the tallest buildings in South India, with many more under construction.{{cite news|url=http://www.daijiworld.com/news/news_disp.asp?n_id=414531 |title=Mangaluru: Foundation stone laid for South India's tallest tower 'Westline Signature' |newspaper=Daijiworld |date=2016-09-18 |accessdate=2016-12-28|author=Joshwa D'Souza}}
Petrochemicals and processing
File:Iron Ore factory.jpg in Mangalore]]
BASF,{{cite news |url=https://www.business-standard.com/article/news-cm/basf-india-receives-demand-notices-from-commercial-tax-department-karnataka-119101100777_1.html|title=BASF India receives demand notices from Commercial Tax Department, Karnataka |date=11 October 2019|accessdate=12 January 2020|newspaper=Business Standard}}{{cite news |url=https://www.outlookindia.com/newsscroll/basf-india-inaugurates-new-innovation-campus-in-navi-mumbai/1000102|title=BASF India inaugurates new innovation campus in Navi Mumbai|date=3 March 2017|accessdate=12 January 2020|newspaper=Outlook}} Mangalore Refinery and Petrochemicals Ltd. (MRPL), Mangalore Chemicals and Fertilizers Ltd. (MCF), Kudremukh Iron Ore Company Ltd. (KIOCL), Hindustan Petroleum Corporation Limited (HPCL),{{cite news |url=https://www.thehindu.com/news/national/tamil-nadu/iocl-to-commission-two-import-facilities-next-year/article19208498.ece|title=IOCL to commission two import facilities next year |date=4 July 2017|accessdate=12 January 2020|newspaper=The Hindu}} Bharat Petroleum Corporation Plant (BPCL),{{cite news |url=https://www.deccanherald.com/content/445682/mock-drill-bpcl-lpg-bottling.html|title=Mock drill at BPCL LPG bottling plant marks chemical disaster prevention day|date=5 December 2014|accessdate=12 January 2020|newspaper=Deccan Herald}} Indian Oil Corporation Limited (IOCL),{{cite news |url=https://www.thehindu.com/news/cities/Mangalore/iocl-distributes-wheeler-dustbins-to-schools/article29297099.ece|title=Indian Oil Corporation Limited, distributes wheeler dustbins to Mangaluru schools|date=30 August 2019|accessdate=30 December 2019|newspaper=The Hindu}} ONGC Mangalore Petrochemicals Limited (OMPL), JBF Petrochemicals{{cite news
|url=http://www.business-standard.com/article/news-cm/jbf-industries-subsidiary-enters-into-long-term-agreement-with-ongc-mangalore-petrochemicals-116041500331_1.html
|title= JBF Industries' subsidiary enters into long term agreement with ONGC Mangalore Petrochemicals
|accessdate= 12 March 2017
|date=15 April 2016
|newspaper=Business Standard}} and Total Oil are the major petrochemicals and processing industries in Mangaluru.{{cite news
|url=http://www.thehindubusinessline.com/todays-paper/tp-logistics/total-oil-opens-second-lpg-facility-at-new-mangalore/article976459.ece
|title= Total Oil opens second LPG facility at New Mangalore
|accessdate= 4 January 2017
|newspaper=Business Line}} One of the largest SEZ in India, the ONGC - Mangalore Special Economic Zone is in Mangaluru. MRPL, the only refinery in the state, will soon get a Navaratna status. Mangalore Chemicals & Fertilizers (MCF), the only fertilizer factory in the state, is situated at Baikampady. HPCL has its oil refinery at Mangaluru.{{cite news
|url=http://www.business-standard.com/article/companies/hpcl-to-go-solo-on-its-rs-700-cr-lpg-facility-114072901027_1.html
|title= HPCL might go solo on its Rs 700-cr LPG cavern in Mangalore
|accessdate= 4 January 2017
|newspaper=Business Standard
|author=Kalpana Pathak
|url=http://www.financialexpress.com/market/remain-positive-on-hpcls-refining-cycle-nomura/275466/
|title= Remain positive on HPCL's refining cycle: Nomura
|accessdate= 4 January 2017
|newspaper=The Financial Express
|author=Nomura
}} BPCL has established an LPG plant near the New Mangalore Port.{{cite news
|url=http://timesofindia.indiatimes.com/city/kochi/BPCL-to-set-up-green-bio-fuel-refinery/articleshow/54494062.cms
|title= BPCL to set up green bio-fuel refinery
|accessdate= 4 January 2017
|newspaper=The Times of India
}} BASF has established a Research and development (R&D) centre at Mangaluru.{{cite news
|url=http://www.hindustantimes.com/business/chemical-giant-basf-to-expand-india-footprint/story-cB1XzXv9ZhJR0iVXk0m47I.html
|title=Chemical giant BASF to expand India footprint
|date=22 November 2011
|accessdate=7 February 2017
|newspaper=Hindustan Times
|author=Sutirtho Patranobis
|url=http://www.dnaindia.com/money/report-basf-gives-rs-17-crore-boost-to-india-business-1967695
|title=BASF gives Rs 17 crore boost to India business
|date=8 March 2014
|accessdate=7 February 2017
|author=Ashish K Tiwari
|newspaper=Daily News and Analysis
}}
At the Mangaluru Special Economic Zone, in a new 15 million tonne refinery, petrochemical plant and power and LNG plants, The Oil and Natural Gas Corporation (ONGC) plans to invest over Rs. 35,000 crore. Of the country, this will be the first Petroleum, Chemicals, Petrochemicals Investment Region (PCPIR).{{cite news| url = http://www.hindu.com/2006/09/20/stories/2006092006341700.htm | archive-url = https://web.archive.org/web/20070320115615/http://www.hindu.com/2006/09/20/stories/2006092006341700.htm | url-status = dead | archive-date = 20 March 2007 |date = 19 September 2006 |title = ONGC's huge outlay for Mangalore SEZ |accessdate = 29 September 2006 |newspaper = The Hindu| location=Chennai, India}} India has built 5.33 million tons of strategic crude oil storages at Mangalore, Padur (near Udupi) in Karnataka and at Visakhapatnam to ensure energy security.{{cite news
|url=http://economictimes.indiatimes.com/industry/energy/oil-gas/india-receives-1st-parcel-of-iranian-oil-for-strategic-storage/articleshow/54816784.cms
|title=India receives 1st parcel of Iranian oil for strategic storage
|date=12 October 2016
|accessdate=16 October 2016
|newspaper=The Economic Times
|url=http://www.business-standard.com/article/news-ians/strategic-storage-of-crude-begins-at-mangaluru-cavern-116101200895_1.html
|title='Strategic storage of crude begins at Mangaluru cavern'
|date=12 October 2016
|accessdate=16 October 2016
|newspaper=Business Standard
|url=http://profit.ndtv.com/news/commodities/article-india-gets-first-iranian-oil-parcel-for-emergency-reserves-1473346
|title='India Gets First Iranian Oil Parcel For Emergency Reserves'
|date=12 October 2016
|accessdate=16 October 2016
|newspaper=NDTV Profit
}} Mitsui, a Japanese conglomerate has planned to set up an LNG terminal in Mangalore.{{cite news |url=http://www.business-standard.com/article/companies/ongc-ties-up-with-bpcl-mitsui-to-set-up-lng-terminal-at-mangalore-113031900235_1.html
|title=ONGC ties up with BPCL, Mitsui to set up LNG terminal at Mangalore
|date=12 October 2016
|accessdate=19 March 2013
|newspaper=Business Standard
|author=Shine Jacob
}}
Logistics and Shipping
Interlog Services, a French logistics firm has established its office at Mangaluru Hills.{{cite news
|url=http://www.daijiworld.com/news/news_disp.asp?n_id=414529
|title=Mangaluru: Second office of Interlog Services opens at Mangalore Internet City
|date=18 September 2016
|access-date=12 December 2016
|newspaper=Daijiworld
|url=http://timesofindia.indiatimes.com/city/mangaluru/French-logistic-firm-to-open-office-in-Mangaluru/articleshow/54338940.cms
|title=French logistic firm to open office in Mangaluru
|date=15 September 2016
|access-date=12 December 2016
|newspaper=The Times of India
}}
The table below lists some of the Logistics and Shipping companies situated in Mangaluru.
Ship building
Bharati Shipyard Ltd (BSL) (now known as Bharati Defence and Infrastructure Limited) has established its ship building site near Tannirbavi in Mangaluru.{{cite news
|url=http://www.daijiworld.com/news/news_disp.asp?n_id=45766
|title=Mangalore: Bharati Becomes First Shipyard to Enter Dakshina Kannada
|date=16 April 2008
|accessdate=27 December 2016
|newspaper=Daijiworld
|author=Melka Miyar
}} Mangaluru is the 6th shipyard established by BSL. Cargo ships are built here which have a maximum length of 120 meters.{{cite news
|url=http://www.business-standard.com/article/companies/banks-approve-bharati-shipyard-cdr-package-112040100016_1.html
|title=Banks approve Bharati Shipyard CDR package
|accessdate=27 December 2016
|date=21 January 2013
|newspaper=Business Standard
}} BSL's subsidiary, Tebma Shipyard Limited has a ship manufacturing site at Malpe, which is 56 km from Mangalore city.{{cite news
|url=http://www.thehindu.com/news/national/karnataka/research-vessel-flagged-off-from-malpe/article6927618.ece
|title=Research vessel flagged off from Malpe
|date=24 February 2015
|accessdate=27 December 2016
|newspaper=The Hindu
|author=Ganesh Prabhu
}}
Manufacturing industries
Sequent Scientific Ltd. is a Pharmaceutical company, and has its manufacturing unit at Baikampady in Mangaluru.{{cite news
|url=http://www.business-standard.com/content/b2b-chemicals/sequent-scientific-to-acquire-arvee-synthesis-114052600794_1.html
|title=Sequent Scientific to acquire Arvee Synthesis
|date=23 May 2014
|access-date=2 January 2017
|newspaper=Business Standard
}} Syngene International, a contract research arm of Biocon, has set up its manufacturing plant at Mangaluru SEZ.{{cite news
|url=http://www.business-standard.com/article/b2b-connect/syngene-plans-100-mn-manufacturing-facility-in-mangalore-115090100290_1.html
|title=Syngene plans $100 mn manufacturing facility in Mangalore
|date=1 September 2015
|access-date=13 May 2017
|newspaper=Business Standard
|url=https://www.business-standard.com/article/news-cm/syngene-international-gains-after-mangalore-facility-starts-operations-120032000431_1.html
|title=Syngene International gains after Mangalore facility starts operations
|date=20 March 2020
|access-date=20 March 2020
|newspaper=Business Standard
|url=https://www.indiainfoline.com/article/news-top-story/syngene-international-starts-operations-at-mangalore-facility-120032000215_1.html |title=Syngene International starts operations at Mangalore facility
|date=20 March 2020
|access-date=20 March 2020
|newspaper=India Infoline
}} Solara, a pharmaceutical company also has its manufacturing unit in Mangaluru.{{cite news
|url=http://www.uniindia.com/~/solara-s-mangalore-facility-receives-establishment-inspection-report-from-usfda/Business%20Economy/news/1400591.html
|title=Solara's Mangalore facility receives Establishment Inspection Report from USFDA
|date=9 November 2018
|access-date=17 November 2018
|newspaper=United News of India
}} Hindustan Unilever has set up a factory in Boloor which produces mainly Rin detergents.{{cite news |url=https://www.daijiworld.com/news/newsDisplay.aspx?newsID=607976|title=Mangaluru: Centralized walk-in-interview at Sahyadri Campus on Jul 26|date=23 July 2019|accessdate=1 February 2020|newspaper=Daijiworld|author=Abhijith N Kolpe}}{{cite news |url=https://www.business-standard.com/company/hind-unilever-255/information/company-location|title=Hindustan Unilever Ltd.|accessdate=18 March 2020|newspaper=Business Standard}} Suzlon has established its wind energy generation plant at Padubidri near Mangaluru. Suzlon Energy plans to manufacture REpower wind turbines at its plant near Mangaluru.{{cite news |url=http://www.thehindubusinessline.com/companies/suzlon-to-make-repower-turbines-at-mangalore-plant/article1571297.ece
|title=Suzlon to make REpower turbines at Mangalore plant
|date=25 March 2016
|accessdate=27 December 2016
|newspaper=Business Line
|author=N Ramakrishnan
}} Bakery and confectionery industries are also found in Mangaluru; Gyp-gyp-gy{{cite web |url=https://www.zaubacorp.com/trademark/gyp%20gyp%20gy/535928|title=Details of gyp-gyp-gy Trademark|accessdate=1 February 2020|publisher=Zauba Corp}} and Narans{{cite news
|url=https://www.thehindubusinessline.com/news/national/mangalurus-narans-to-enter-bengaluru/article8498310.ece
|title=Mangaluru's Naran's to enter Bengaluru
|date=20 April 2016
|accessdate=1 February 2020
|newspaper=Business Line
}} are a few among them. Primacy Industries Ltd. in Mangaluru manufactures scented candles and exports them to Europe, United States and the Middle-East.{{cite news
|url=http://www.thehindubusinessline.com/news/national/scented-candle-manufacturer-diversifies-into-aerosol-production-in-mangalore/article5573720.ece
|title=Scented candle manufacturer diversifies into aerosol production in Mangalore
|date=13 January 2014
|accessdate=2 January 2017
|newspaper=Business Line
|url=http://www.primacyind.com/about.php
|title=Primacy Industries Ltd - About
|accessdate=2 January 2017
|publisher=Primacy Industries
}} Catasynth Speciality Chemicals, a manufacturing facility of Anthea Group has its office in Mangaluru.{{cite news
|url=https://www.business-standard.com/article/companies/solvay-picks-up-minority-stake-in-catasynth-speciality-chemicals-120030901456_1.html
|title=Solvay picks up minority stake in Catasynth Speciality Chemicals
|date=28 January 2021
|access-date=11 March 2020
|newspaper=Business Standard
}}
Banking and Finance
File:Near the entrance of Corporation Bank head office in Mangalore.jpg in Mangalore]]
Four of the twenty banks nationalized during the first half of the 20th century were established in Mangaluru.
| class="wikitable sortable"
!Bank !Founded !Founded by ! Head Office (present) |
| Corporation Bank
|{{start date and age|1906}} | Khan Bahadur Haji Abdulla |Non-existent bank |
| Canara Bank
|{{start date and age|1906}} |
| Syndicate Bank
|{{start date and age|1925}} |Non-existent bank |
| Vijaya Bank
|{{start date and age|1931}} |Non-existent bank |
Karnataka Bank Limited was established on 18 February 1924 in Mangalore.{{cite web
|url = http://www.karnatakabank.com/ktk/History.jsp
|title = Karnataka Bank - History
|accessdate = 22 April 2017
|publisher = Karnataka Bank
|url-status = dead
|archiveurl = https://web.archive.org/web/20120317115018/http://www.karnatakabank.com/ktk/History.jsp
|archivedate = 17 March 2012
}} In addition to these, two banks were established in nearby towns. Corporation Bank was founded in Udupi by Khan Bahadur Haji Abdulla Haji Kasim Saheb Bahadur in 1906,{{cite web
|url = http://www.corpbank.com/asp/0100text.asp?presentID=84&headID=84
|title = History
|accessdate = 31 December 2016
|publisher = Corporation Bank
|url-status = dead
|archiveurl = https://web.archive.org/web/20061016191856/http://www.corpbank.com/asp/0100text.asp?presentID=84&headID=84
|archivedate = 16 October 2006
}} and Syndicate Bank was co-founded in Manipal by T M A Pai, Upendra Ananth Pai and V S Kudva in 1925. While Karnataka Bank Limited is still headquartered in Mangaluru, Canara Bank{{cite news
|url = http://www.hindu.com/2005/11/20/stories/2005112015560300.htm
|title = Cheque truncation process from April, says Leeladhar
|accessdate = 31 December 2016
|newspaper = The Hindu
|date = 20 November 2005
|url-status = dead
|archiveurl = https://web.archive.org/web/20121108063646/http://www.hindu.com/2005/11/20/stories/2005112015560300.htm
|archivedate = 8 November 2012
|df = dmy
}} is headquartered in Bengaluru.
The Mangalore Stock Exchange (MgSE) was incorporated on 31 July 1984 as a public limited company. The company was granted recognition as a stock exchange on 9 September 1985.{{cite web |url=http://www.surfindia.com/finance/mangalore-stock-exchange.html |title= Mangalore Stock Exchange (MgSE) |accessdate= 2008-02-21 |publisher=SurfIndia (A premier directory on India)}} It was de-recognized by the Securities and Exchange Board of India (SEBI) on 31 August 2004.{{cite news
|url =http://finance.indiainfo.com/news/2004/09/01/0109sebi.html
|title =SEBI derecognises Mangalore Stock Exchange
|date =1 September 2004
|access-date =22 February 2008
|publisher =India Info
|archive-url =https://web.archive.org/web/20061021220036/http://finance.indiainfo.com/news/2004/09/01/0109sebi.html
|archive-date =21 October 2006
|url-status =dead
|url =http://web.sebi.gov.in/satorders/mgstock.html
|title =Appeal No.158 of 2004
|access-date =22 February 2008
|publisher =SEBI
|archive-url =https://web.archive.org/web/20110721161905/http://web.sebi.gov.in/satorders/mgstock.html
|archive-date =21 July 2011
|url-status =dead
}} Appeals by the Stock Exchange to overrule this order have been subsequently rejected on 2 November 2005 and 4 October 2006.{{cite web
|url =http://web.sebi.gov.in/satorders/mangalore.html
|title =Appeal No.158 of 2004
|access-date =22 February 2008
|publisher =SEBI
|archive-url =https://web.archive.org/web/20160304065747/http://web.sebi.gov.in/satorders/mangalore.html
|archive-date =4 March 2016
|url-status =dead
}}
Robotics and Automation
Mangalore Robautonics Pvt Ltd is a company that designs, develops and manufactures Robotics and Automation systems for agricultural, industrial and consumer sectors.{{cite web
|url=http://www.robautonics.com/
|title=Mangalore Roboautonics Private Limited - Our Company
|access-date=15 June 2017
|url=http://www.business-standard.com/article/opinion/surinder-sud-power-tillers-are-back-in-business-115061501169_1.html
|title=Surinder Sud: Power tillers are back in business
|date=15 June 2015
|access-date=15 June 2017
|newspaper=Business Standard
|author=Surinder Sud
|url=http://www.deccanherald.com/content/388908/mlorean-develops-remote-control-power.html
|title=M'lorean develops remote control power tiller
|date=27 February 2014
|access-date=15 June 2017
|newspaper=Deccan Herald
}}
| class="wikitable"
!Robotics Company !Location |
| Mangalore Robautonics Pvt. Ltd |
| Vanora Robots{{cite web
|url=http://vanorarobots.com/ |title=Vanora Robots - About |access-date=15 June 2017 }} |
| Epitas Software LLP{{cite web
|url=http://epitas.in/ |title=Home - Epitas |access-date=15 September 2019 }} |
| Unimation Robotics{{cite web
|url=http://www.unimationrobotics.com/ |title=Unimation Robotics - Industrial Automation Solutions |access-date=19 November 2019 }} |
Information Technology (IT)
Major information technology (IT) and software companies like Infosys,{{cite news
|url=http://www.daijiworld.com/news/newsDisplay.aspx?newsID=211667
|title=Mangalore: Infosys conducts 'Hack-a-thon' contest for students
|date=9 January 2014
|access-date= 4 September 2018
|newspaper=Daijiworld}}{{cite news
|url=http://www.business-standard.com/article/technology/infosys-to-expand-sez-in-dakshina-kannada-district-112042400050_1.html
|title=Infosys to expand SEZ in Dakshina Kannada district
|date=24 April 2012
|access-date= 4 September 2018
|newspaper=Business Standard
|author=Prakash Chandran}} Cognizant Technology Solutions,{{cite web
|url=https://www.cognizant.com/careers
|title=Cognizant – Careers
|access-date=4 September 2018
|publisher=Cognizant Technology Solutions
|archive-date=24 April 2018
|archive-url=https://web.archive.org/web/20180424174658/https://www.cognizant.com/careers
|url-status=dead
|url=http://www.dnaindia.com/money/report-cognizant-to-enlarge-it-sez-by-50-1847373
|title=Cognizant to enlarge IT SEZ by 50%
|date=13 June 2013
|access-date= 4 September 2018
|author=Sumit Moitra
|newspaper=Daily News and Analysis}} Endurance International Group{{cite web
|url=https://india.endurance.com/offices/
|title=Endurance International Group – Our Offices
|access-date=4 September 2018
|archive-url=https://web.archive.org/web/20180904192206/https://india.endurance.com/offices/
|archive-date=4 September 2018
|url-status=dead
|url=https://www.endurance.com/our-careers/our-locations
|title=Endurance International Group – Our Locations
|access-date= 4 September 2018}} and Thomson Reuters{{cite web
|url=https://www.thomsonreuters.com/en/careers/where-we-are/india.html
|title=India - Thomson Reuters
|access-date= 4 September 2018}} have their branches at Mangaluru.{{cite news
|url = http://economictimes.indiatimes.com/Features/The_Sunday_ET/Property/Mangalore_takes_over_as_the_new_SEZ_destination/articleshow/2788712.cms
|title = Mangalore takes over as the new SEZ destination
|date = 17 February 2008
|access-date = 4 September 2018
|newspaper = The Economic Times
|author = M Rochan
|url-status = dead
|archiveurl = https://web.archive.org/web/20120306033000/http://economictimes.indiatimes.com/Features/The_Sunday_ET/Property/Mangalore_takes_over_as_the_new_SEZ_destination/articleshow/2788712.cms
|archivedate = 6 March 2012
|df = dmy
}} Tata Consultancy Services (TCS) has planned to invest {{INRConvert|500|c|2}} and setup its office at Karnad near Mangaluru.{{cite news|url=https://www.daijiworld.com/news/newsDisplay.aspx?newsID=738302|title=Mangaluru: TCS to invest Rs 500 crores in Dakshina Kannada, create 4,000 jobs|date=6 August 2020|accessdate=9 August 2020|newspaper=Daijiworld}}{{cite news|url=https://timesofindia.indiatimes.com/city/mangaluru/tcs-gets-nod-to-set-up-ites-in-dakshina-kannada/articleshow/77400970.cms|title=Karnataka: TCS gets nod to set up ITeS in Dakshina Kannada|date=7 August 2020|access-date=9 August 2020|newspaper=The Times of India|last=Pinto|first=Stanley}}
Other multinational software companies having their presence in this coastal city include Novigo Solutions, MResult, Riskonnect (specialized in Risk management),{{cite web
|url=https://riskonnect.com/about-us/contact-us/
|title=Contact Riskonnect - The global leader in Integrated Risk Management
|access-date=4 September 2018
|publisher= Riskonnect
}} Coresight Research (specialized in Artificial Intelligence, Analytics and Blockchain),{{cite web |url=https://coresight.com/about/contact/|title=Contact - Coresight Research|accessdate=21 May 2020|publisher=Coresight Research}} Arkieva (specialized in Supply Chain management){{cite web
|url=https://arkieva.com/contacts/
|title=Contact Arkieva - Your global Supply Chain software solutions company
|access-date=4 September 2018
|publisher= Arkieva
}} and Tetherfi (specialized in Virtual Banking and Automation).{{cite web
|url=https://www.tetherfi.com/contact/ |title=Tetherfi Contact
|access-date=11 August 2020
|publisher= Tetherfi
}} Mphasis BPO has one of its branches at Mangalore.{{cite news |url=http://economictimes.indiatimes.com/tech/ites/hinduja-global-to-acquire-stake-in-mphasis-bpo-business-for-rs-17-crore/articleshow/47884907.cms
|title=Hinduja Global to acquire stake in Mphasis' BPO business for Rs 17 crore
|date= 2 July 2015
|access-date=4 September 2018
|newspaper=The Economic Times
}} KEONICS has planned to set up an IT park in Mangalore, similar to Electronic City, spanning an area of 100 acres.{{cite news |url=https://www.thehindu.com/news/cities/Mangalore/keonics-proposes-setting-up-electronics-city-in-mangaluru/article33440648.ece
|title=KEONICS proposes setting up electronics city in Mangaluru
|date= 29 December 2020
|access-date=27 January 2021
|newspaper=The Hindu
}}
Food processing
Campco has its chocolate manufacturing plants at Baikampady and Puttur near Mangalore.{{cite news
|url=http://www.thehindubusinessline.com/economy/agri-business/indian-arecanut-sample-gets-quality-approval-from-chinese-company/article9545188.ece
|title=Indian arecanut sample gets quality approval from Chinese company
|date=15 February 2017
|accessdate=22 April 2017
|author=AJ Vinayak
|newspaper=The Hindu Business Line
}} The plant produces chocolates and other products of cocoa both under its own brand and also for Nestle.{{cite news
|url=http://www.thehindu.com/news/cities/Mangalore/CAMPCO-to-release-Dark-Tan-chocolate-on-September-14/article14634772.ece
|title=CAMPCO to release Dark Tan chocolate on September 14
|date=12 September 2016
|accessdate=27 December 2016
|newspaper=The Hindu
|author=Raviprasad Kamila
}} Achal Industries has built its cashew processing plant at the Baikampady Industrial Estate in Mangalore.{{cite news
|url=http://www.business-standard.com/article/markets/cashew-kernel-prices-fall-in-wholesale-markets-113032000595_1.html
|title=Cashew kernel prices fall in wholesale markets
|date=20 March 2013
|access-date=5 January 2017
|author=Mahesh Kulkarni
|newspaper=Business Standard
}} Ideal Ice Cream Factory, situated at Kottara Chowki in Mangalore, manufactures over 40 flavours of ice-creams.{{cite news
|url=http://www.thehindubusinessline.com/catalyst/in-mangalore-i-is-for-ideal/article2991823.ece
|title=In Mangalore, 'I' is for Ideal
|date=14 March 2012
|access-date=2 October 2017
|newspaper=Business Line
|author=AJ Vinayak
|url=http://www.thehindubusinessline.com/economy/agri-business/mangalores-ideal-ice-cream-wins-national-award/article5443788.ece
|title=Mangalore's Ideal ice cream wins national award
|date=10 December 2013
|access-date=2 October 2017
|newspaper=Business Line
}} Mangalore also houses the edible oil refinery of Adani Wilmar.{{cite news
|url=https://www.business-standard.com/article/companies/plants-working-at-70-capacity-aiming-for-optimal-level-soon-adani-wilmar-120051401184_1.html
|title=Plants working at 70% capacity, aiming for optimal level soon: Adani Wilmar
|date=14 May 2020
|access-date=27 January 2021
|author=Vinay Umarji
|newspaper=Business Standard
}}
Cruise tourism
File:Norwegian Star - Mangalore.jpg, a Cruise ship docked at the New Mangalore Port]]
Various cruise ships such as Regent Seven Seas, Norwegian Star, Oceania, Celebrity, Costa, AIDA, Nautica and Royal Caribbean International have visited the New Mangalore Port.{{cite news
|url=http://www.thehindubusinessline.com/economy/logistics/first-cruise-ship-of-the-fiscal-calls-at-new-mangalore-port/article3268963.ece
|title=First cruise ship of the fiscal calls at New Mangalore Port
|date=1 April 2012
|accessdate=4 January 2017
|newspaper=Business Line
|url=http://www.traveldailymedia.com/244528/dubai-tourism-commemorates-inaugural-visit-of-celebrity-constellation/
|title=Dubai Tourism commemorates inaugural visit of Celebrity Constellation
|date=2 December 2016
|accessdate=4 January 2017
|publisher=Travel Daily Media
}} Foreigners can enter Mangalore through the New Mangalore Port with the help of Electronic visa (e-visa).{{cite news| url = http://www.thehindu.com/news/national/Foreigners-can-enter-India-through-five-ports-on-e-visa/article16738695.ece | title=Foreigners can enter India through five ports on e-visa |newspaper=The Hindu |date=2 December 2016 | accessdate=5 December 2016}} Cruise ships from Europe, North America and UAE arrive at New Mangalore Port to tour the places around Mangalore.{{cite news|url=http://www.deccanherald.com/content/584097/nautica-norwegian-star-cruise-through.html|title=Nautica and Norwegian Star cruise through M'luru coast|access-date=2016-12-03|date=1 December 2016|newspaper=Deccan Herald}}{{cite news|url=https://www.deccanchronicle.com/151210/nation-current-affairs/article/aida-aura-arrives-mangaluru|title=Aida Aura arrives in Mangaluru|date=10 December 2015|access-date=2016-12-03|newspaper=Deccan Chronicle|author=Gururaj A Paniyadi}}
Startups
Government of India has planned to make Mangaluru the first startup district in the country with 20 tinkering labs and incubation centres.{{cite news
|url=http://timesofindia.indiatimes.com/trend-tracking/government-plans-first-startup-district-with-incubators/articleshow/57074038.cms
|title=Government plans first startup district with incubators
|accessdate=8 April 2017
|date=10 February 2017
|newspaper=The Times of India
|author=Ruchika Chitravanshi
|url=https://www.newindianexpress.com/business/2017/mar/31/mangaluru-likely-to-be-the-first-startup-district-in-the-country-1588296.html
|title=Mangaluru likely to be the first startup district in the country
|access-date=8 April 2017
|date=31 March 2017
|newspaper=The New Indian Express
}} The startups aim at providing solutions in agriculture, health, education and information technology.{{cite news
|url=http://economictimes.indiatimes.com/small-biz/startups/government-plans-first-startup-district-with-incubators/articleshow/57070965.cms
|title=Government plans first startup district with incubators
|accessdate=8 April 2017
|date=10 February 2017
|author=Ruchika Chitravanshi
|newspaper=Economic Times
}} Centre for Entrepreneurship Opportunities and Learning (CEOL) - the first startup incubation centre of Coastal Karnataka is present at Mallikatta in Mangaluru city.{{cite news
|url=http://www.thehindu.com/news/cities/Mangalore/ceol-will-lead-to-creation-of-silicon-valley-in-west-coast/article22328879.ece
|title='CEOL will lead to creation of Silicon Valley in west coast
|access-date=27 March 2018
|date=30 December 2017
|newspaper=The Hindu
|url=http://www.thehindu.com/news/national/karnataka/mangaluru-to-have-start-up-incubation-centre-nirmala-sitharaman/article19093288.ece
|title=Mangaluru to have start-up incubation centre: Nirmala Sitharaman
|access-date=17 June 2017
|date=17 June 2017
|newspaper=The Hindu
}} Government of Karnataka has planned to make Mangaluru an Animation hub for the State.{{cite news
|url=http://timesofindia.indiatimes.com/city/bengaluru/mangaluru-all-set-to-become-animation-hub-in-karnataka/articleshow/59731063.cms
|title=Mangaluru all set to become animation hub in Karnataka
|access-date=14 September 2017
|date=24 July 2017
|newspaper=The Times of India
|author=Sandeep Moudgal
}}
Research and Development (R&D) centres
There are 3 Research and Development (R&D) centres near Mangalore. They are
- BASF - located at Katipalla
- Central Plantation Crops Research Institute (CPCRI) - located at Vitla{{cite web
|url=http://www.cpcri.gov.in/index.php/2014-03-04-05-40-42/2014-06-30-11-27-00/vittal
|title=CPCRI - Regional station - Vittal
|access-date=27 December 2016
|publisher=ICAR
}}
- National Research Centre for Cashew (NRCC) - located at Puttur{{cite web
|url=http://www.icar.org.in/Vision%202050%20DCR,%20Puttur.pdf
|title=ICAR-Directorate of Cashew Research, Puttur - Indian Council of Agricultural Research
|access-date=27 December 2016
|publisher=ICAR
}}
Special Economic Zones
The following special economic zones to be located in and around Mangalore have been approved by Board of Approval, Government Of India & Under establishment.{{cite web |url=http://www.kumbangalore.com/sez_karnataka.aspx |title=KARNATAKA UDYOG MITRA – SPECIAL ECONOMIC ZONES - SEZ's in Karnataka |access-date=14 June 2009 |archive-url=https://web.archive.org/web/20090130060454/http://www.kumbangalore.com/sez_karnataka.aspx |archive-date=30 January 2009 |url-status=dead |publisher=kumbangalore.com}}{{cite web|url=http://www.sezindia.nic.in/HTMLS/approved-sez.htm |accessdate=14 June 2009 |title=Special Economic Zones in India|url-status=dead |archiveurl=https://web.archive.org/web/20090419011251/http://www.sezindia.nic.in/HTMLS/approved-sez.htm |archivedate=19 April 2009 |publisher=SEZ India}}
Fishing
File:Mangalore fishing.JPG, in Mangaluru taluk]]
Fish is one of the widely consumed food in Mangalore.{{cite news |url=http://www.thehindu.com/life-and-style/food/flavours-from-the-coast-of-mangalore/article17743964.ece |title=Flavours from the coast |accessdate=22 April 2017 |date=30 March 2017 |newspaper=The Hindu |author=Lavanya Narayanan}} Old Mangalore Port is the fishing port in Mangalore.{{cite news |url=http://www.thehindubusinessline.com/news/states/8-rise-in-fish-catch-in-udupi-dakshina-kannada/article4791726.ece |title=8% rise in fish catch in Udupi, Dakshina Kannada |accessdate=22 April 2017 |date=7 June 2013 |author=AJ Vinayak |newspaper=The Hindu Business Line}} The city has an ice factory on the banks of Netravati river and fish meal processing industries.{{cite web
|url= http://www.mukkaseafoods.com/
|title= Mukka Seafood Industries Pvt. Ltd. |access-date= 28 December 2016 |publisher=Mukka Sea Foods }}
Traditional commerce and industry
=Tile industry=
Although the tile industry has been in decline due to the predominance of concrete in modern construction, Mangalore tiles were exported to East Asia, Europe, Australia, Africa, and the Middle East.{{cite news
|url= http://www.daijiworld.com/chan/exclusive_arch.asp?ex_id=88
|title= Mangalore Tiles Crown Victoria Terminus |accessdate= 27 December 2016 |date= 2005-06-21 |newspaper= Daijiworld Media Pvt Ltd Mangalore}}
=Arecanut industry=
Arecanut industries are small-scale operations.{{cite news
|url=http://www.thehindu.com/news/cities/Mangalore/arecanut-prices-recover-slightly-in-mangalore/article6331102.ece
|title=Arecanut prices recover slightly in Mangalore
|date=19 August 2014
|access-date=2 October 2017
|newspaper=The Hindu
|author=Raviprasad Kamila
}} Arecanuts are cultivated in the hilly regions towards the east of the city.
{{-}}
=Leaf spring industry=
The leaf spring industry has its presence in Mangalore, with Canara Workshops Ltd. and Lamina Suspension Products Ltd. in the city.{{cite web
|url = http://www.crn.in/SouthScanNov152007.aspx
|title = South Scan (Mangalore, Karnataka)
|access-date = 20 March 2008
|publisher = CMP Media LLC
|author=Durgesh U Kedilaya
|url-status = dead
|archiveurl = https://web.archive.org/web/20120309042030/http://www.crn.in/SouthScanNov152007.aspx
|archivedate = 9 March 2012
|df = dmy
}}
See also
References
{{Reflist}}