Mangaluru (Mangalore) Business and Economy



Mangalore-business and economy go hand in hand. Business generates revenue, which adds up to the economy of the state.

On the other hand, it is the economy, which determines the course of business. If there is a boom in Mangalore economy, there would be a boom in business as well.

There are plenty of opportunities and benefits of starting a business at Mangalore. First of all, one can easily get the required manpower and raw materials. Moreover, the infrastructure of Karnataka is an added advantage. With the arrival of IT companies, the infrastructure of the state has undergone a sea change. And the change has ultimately benefited the business organizations of the state.

The economy of Mangalore relies a lot on its business organizations. Apart from that, the other key factors that determine the flow of economy and business in Mangalore is the power supply. The city gets power supply through the Mangalore Electricity Supply Company, which is regulated by Karnataka Power Transmission Corporation Limited (KPTCL). Plans are in progress regarding increase in the supply of electricity so that the city does not have to face long power cuts, which are hindrance in the way of progressive economy.

The prosperity of business and economy at Mangalore also depends upon the banking and financial sector. It is the financial institutions that help the business organizations with funds for their investments. The business organizations utilize these funds to generate revenue, which increases the economy of the city.

There is wide scope for Mangalore-business and economy because of the following reasons:

  • Minimal law and order troubles
  • Stable government
  • Vast pool of human resources



Last Updated on 21 September 2011





     


     

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