Commerce and Industry
The district is called as Cradle of Indian banking and is the most industrialized district in Karnataka.
Major nationalised banks of India like Canara Bank, Corporation Bank, Syndicate Bank, Vijaya Bank and private sector Karnataka Bank evolved from this district.
Red clay tile (Mangalore Tiles), Cashew processing factories and Beedi industry once flourished in this district. Service sector is booming with setting up of professional education institutes and information technology related services (IT & ITES).
As the district is on the shore of Arabian sea, fishing is one of the major occupation of many people. The major fishing places are Bunder (Old harbour), Panambur, Surathkal, Kotekar and Sasihitlu.
The major industries in Dakshina Kannada are concentrated around Mangalore viz. Mangalore Chemical and Fertilizers Ltd. (MCF), Kudremukh Iron Ore Company Ltd. (KIOCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), BASF, TOTAL GAZ,Bharati shipyard limited(BSL) etc. There is a chocolate manufacturing plant at Puttur run by co-operative CAMPCO.
Major information technology and outsourcing companies have started locating their facilities in Mangalore. viz. Infosys, Lasersoft infosystems Ltd., MPhasis BPO, etc. Wipro also plans to set up its development facility soon in Mangalore. Three dedicated IT parks are currently under construction. Two such parks are under construction, one Export Promotion Industrial Park (EPIP) at Ganjimutt and a second IT SEZ near Mangalore University. A third IT SEZ is being proposed at Ganjimutt. Another IT SEZ of 2 million square feet (180,000 m2) is under construction at Thumbe by the BA group. This will include a business centre, convention centre, mall and helipad facility. The Oil and Natural Gas Corporation ONGC plans to set up a multiproduct SEZ (Special economic Zone) with an investment of over Rs. 35,000 crore.
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