Mangaluru is steadily solidifying its position as Karnataka's burgeoning economic and technological hub, poised to become the state's next major growth engine. Recent reports highlight the coastal city's remarkable economic expansion, fueled by increasing investments and a burgeoning information technology (IT) sector. With a per capita GDP of Rs 6.69 lakh, Dakshina Kannada district ranks among Karnataka's wealthiest, second only to Bengaluru. This robust economic momentum is largely attributed to its thriving trade, industry, education, and healthcare sectors. The New Mangalore Port, a key national container terminal, plays a pivotal role, particularly in India's coffee exports. The IT sector, in particular, has witnessed exponential growth, with revenue escalating from approximately Rs 300 crore in 2018 to over Rs 2,500 crore by 2024. Major IT firms like Infosys, Cognizant, and Mphasis have established significant operations in Mangaluru, drawn by operational costs that are 25% to 30% lower than in Bengaluru. This cost-effectiveness, combined with uncongested roads, a well-developed healthcare system, and continuous infrastructure improvements, enhances Mangaluru's appeal as a business destination and a highly livable city. The real estate market also reflects this vibrancy, with residential property values experiencing an annual appreciation of 8% to 12%, partly due to investments from the large diaspora working in Gulf countries. Experts anticipate that Mangaluru's sustained economic growth and increasing investments will firmly establish it as a dominant economic force in Karnataka in the coming years. The city's evolving skyline and the official recognition as the 'Silicon Beach of India' further underscore its transformation into a dynamic commercial hub.
Mangaluru City Police have arrested two senior faculty members of NITK Surathkal for allegedly submitting forged documents and claiming fake travel and daily allowances under NCC activities.
Karnataka Food Safety Department officials inspected and temporarily sealed the storage room of a quick-commerce facility in Mangaluru following a consumer complaint regarding contaminated eggs. Authorities issued a formal notice to the management and ordered the immediate disposal of damaged stock.
The Mangaluru City Corporation has issued a strict directive ordering unauthorised street vendors to clear public spaces to relieve traffic congestion and ensure pedestrian safety.
A severe oversight during Karnataka's Special Intensive Revision of voter rolls resulted in 61-year-old Mangaluru resident Donald Joseph Rego being erroneously marked as dead.
