Mangalore is an investor’s paradise
July 5, 2017
The coastal city of Mangalore is one of the upcoming and fastest developing metropolises of Karnataka. One of the flourishing industries in the city is the automobile leaf spring business. Petrochemicals, iron-ore, fertilisers and agricultural processing are some other thriving industries.
In addition, three special economic zones (SEZs) are being set up in the city with IT companies such as TCS, Wipro and Lotus estimated to invest up to R30 billion, creating 67,000 jobs over the next three years. Mangalore is also one of the top five emerging cities of India for outsourcing, according to Alsbridge. The city is witnessing aggressive industrial development, aiding in its economic growth.
Source: Outlook
