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Beyond Bengaluru: Mangalore Emerges as India's New 'Silicon Beach'
19 Apr
Summary
- Mangalore's IT workforce projected to grow from 20,000 to 200,000 in eight years.
- Global companies establish R&D centers, drawn by incentives and cost advantages.
- Affordable living, low attrition, and 15-minute commutes make Mangalore attractive.
Mangalore, now referred to as India's "Silicon Beach," is poised to challenge Bengaluru's status as the nation's premier IT hub. Projections indicate a remarkable expansion of the city's technology workforce, potentially growing from 20,000 to 200,000 employees in the next eight years. This surge is supported by a significant increase in IT revenue, which has risen from approximately ₹3,200 crore to nearly ₹5,000 crore over two years.
Global firms are increasingly establishing Global Capability Centres in Mangalore, spurred by government incentives that subsidize R&D expenditures. The city offers substantial advantages, including office spaces approximately 30 percent cheaper than in Pune, Hyderabad, and Bengaluru. Furthermore, lower attrition rates and a consistent supply of graduates from local engineering institutions contribute to its growing appeal.
Infrastructure and lifestyle factors enhance Mangalore's attractiveness. Commutes are brief, often within 15 minutes, and housing remains affordable, with two-bedroom apartments typically costing between ₹50 lakh and ₹1 crore. The Karnataka government is actively promoting Mangalore through various incentives, aiming to foster growth in emerging technologies like AI and blockchain.
