Commerce and Industry
The district has mostly small scale industries. There is not any noteworthy industry at present, but few industries are coming up in the district. There are some red clay tile (Mangalore tile), cashew nut, coconut oil industries providing employment to hundreds. There is a printing press at Manipal belonging to Pai group doing high security printing like cheques, share certificates, mobile recharge coupons, various Indian universities question papers ...etc. The district (Undivded South Canara) was birthplace of Four public sector banks (PSB) namely Vijaya Bank, Canara Bank, Corporation Bank and Syndicate Bank. There were many small insurance companies before nationalization. There is divisional office of LIC at Udupi town. The district has branches of scheduled banks making density per population served above the national average of India. Some Computer software companies like Robosoft Technologies, SourceHub India Pvt Ltd & DataTree IT Services has set up their Corporate Office & Regional Office here. Robosoft has brought Udupi a significant place in the global IT scenario.
A thermal power plant has been set up at Nandikoor in Udupi district by Nagarjuna group for generating electricity. The plant has generated controversies with respect to environmental impact. Suzlon has set up manufacturing facility at Padubidre for making wind mills. Work for setting up of underground petroleum crude reserve at Padur ( Padoor ) in Udupi district by central government has commenced. Environmentalists fear that such large projects will destroy evergreen forests in those areas once for all. Also causing severe pollution of environment.
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