Industrial and commercial activities dominate Mangalore's economy. It is the only city in Karnataka to have all modes of transport - Air, Road, Rail and Sea. The fastest growing non metro (Indian city of population less than 1 million) in South India is Mangalore. Mangalore is the 2nd largest business centre in Karnataka.
Contents
- Petrochemicals and processing
- Logistics
- Ship building
- IT and IT enabled services
- Soorya Infratech Park
- Wind energy turbines
- Pharmaceutical industry
- Candle manufacturing industry
- Real estate
- Banking and finance
- Food processing
- Cruise tourism
- Shopping malls
- Research and development RD centres
- Special Economic Zones
- Fishing
- Tile industry
- Other industries
- References
Around 75% of India's coffee, timber and cashew nuts exports are handled by the New Mangalore Port. Mangalore is one among the only 5 cities in the country to have both a Major Port and an International Airport. Mangalore has some of the tallest buildings in South India, with many more under construction. Mangalore International Airport is among the 2 International Airports in Karnataka, along with Bangalore International Airport.
Petrochemicals and processing
Mangalore Chemicals and Fertilizers Ltd. (MCF), Kudremukh Iron Ore Company Ltd. (KIOCL), Mangalore Refinery and Petrochemicals Ltd. (MRPL), BASF, Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Plant (BPCL) and Total Oil are the major petrochemicals and processing industries in Mangalore. One of the largest SEZ's in India, the ONGC - Mangalore Special Economic Zone is in Mangalore. 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 Mangalore. BPCL has established an LPG plant near the New Mangalore Port. BASF has established a Research and development (R&D) centre at Mangalore.
At the Mangalore 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). 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. Mitsui, a Japanese conglomerate has planned to setup an LNG terminal in Mangalore.
Logistics
Interlog Services, a French logistics firm has established its office at Mangalore Hills.
The table below lists some of the Logistics companies situated in Mangalore.
Ship building
Bharati Shipyard Ltd (BSL) has established its ship building site near Tannirbavi in Mangalore. Mangalore is the 6th shipyard established by BSL. Cargo ships are built here which have a maximum length of 120 meters. BSL's subsidiary, Tebma Shipyard has a ship manufacturing site at Malpe, which is 56 km from Mangalore city.
IT and IT enabled services
Major information technology and outsourcing companies have established their presence in Mangalore.
Other than MNC's, there are a few more IT firms in Mangalore.
Due to the quality education provided by the educational institutes in the city, it has also given birth to multiple IT startup companies. To over 15,000 IT professionals and more than 55 companies, Mangalore is home.
Soorya Infratech Park
Soorya Infratech Park is located at Mudipu, 16 km from Mangalore city centre. It is located beside Infosys Mangalore campus with an area of 2.4 lakh square feet. Currently there is one company functioning from the IT Park.
Wind energy turbines
Suzlon has established its energy generation plant at Padubidri near Mangalore. Suzlon Energy plans shortly to manufacture REpower wind turbines at its plant near Mangalore.
Pharmaceutical industry
Sequent Scientific Ltd. is a Pharmaceutical company, and has its manufacturing unit at Baikampady in Mangalore.
Candle manufacturing industry
Primacy Industries Ltd. in Mangalore manufactures scented candles and exports them to Europe, United States and the Middle-East.
Real estate
Mangalore has been making progress in the Real Estate sector. In recent years, various builders such as Mohtisham, Bhandary, Inland, Westline, Marian, Raheja, Prestige Group, Larsen & Toubro and Brigade Group have built various skyscrapers in Mangalore city.
The various buildings in Mangalore city exceeding 90 meters in height are
Banking and finance
Five of the nineteen banks nationalised during the first half of the 20th century were established in Mangalore.
Karnataka Bank was one of the largest banks not taken over by the Government. 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, and Syndicate Bank was co-founded in Manipal by T M A Pai, Upendra Ananth Pai, and the Mangalorean V S Kudva in 1925. While Karnataka Bank and Corporation Bank are still headquartered in Mangalore, Vijaya Bank and Canara Bank are headquartered in Bangalore and Syndicate Bank is headquartered in Manipal.
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 September 9, 1985. It was de-recognised by the SEBI on 31 August 2004. Appeals by the Stock Exchange to overrule this order have been subsequently rejected on 2 November 2005 and 4 October 2006.
Food processing
Campco has its chocolate manufacturing plant at Puttur near Mangalore. The plant produces chocolates and other products of cocoa both under its own brand and also for Nestle. Achal Industries has built its cashew processing plant at the Baikampady Industrial Estate in Mangalore.
Cruise tourism
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. Foreigners can enter Mangalore through the New Mangalore Port with the help of Electronic visa (e-visa). Cruise ships from Europe, North America and UAE arrive at New Mangalore Port to promote tourism around Mangalore.
Shopping malls
Replacing traditional shopping complexes, Mangalore's retail space has gone for a change with several malls being set up in the city, in recent times. There are multiple Malls in pipeline, such as Forum Fiza Mall, City Centre Mall, Empire Mall and Bharath Mall. The biggest mall in Mangalore is Lotus Mall, with a total built-up area of 12.7 lakh sq ft and a GLA of 9 lakh sq ft.
Research and development (R&D) centres
There are 3 Research and Development (R&D) centres near Mangalore. They are
Special Economic Zones
The following Special Economic Zones(SEZs) to be located in and around Mangalore have been approved by Board of Approval, Government Of India & Under establishment.
Fishing
Fish is one of the widely consumed food in Mangalore. The yield of the fishing industry is exported around the region, which employs thousands of people. Old Mangalore Port is the fishing port in Mangalore. The city has an ice factory on the banks of Netravati river and fish meal processing industries.
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.
Other industries
Coffee and cashewnut industries comprise of small-scale industries. Cashews are cultivated in the hilly regions towards the east of the city.