Highlighting the city’s potential to host upcoming IT and ITES enterprises, Roopa Bhat Jacob from Mangal Analytics and Research Consulting said that the human resources costs here are 30-35% lower than those in tier 1 cities.
Giving a presentation at the conclusion of ‘The Novigo Story’ hosted by Vertex Managed Workspace here on July 18, Ms. Jacob, a business development manager with Mangal said, “With 10 incubators support early-stage ventures, 92.1% graduate success and new new IT office space coming up, we’re targeting 2 lakh IT jobs by 2033, five unicorns, and $10 billion in exports.”
She further said, “Mangaluru now contributes 14.3% of Karnataka’s GDDP—the second highest in the State. In FY24, IT exports crossed ₹3,000 crore, generating over ₹60 crore in GST and ₹1,800 crore in salaries. Over 220 IT/ITES firms operate here, with 40 new entrants last year alone.“
She also acknowledged the role of enabling infrastructure in driving this momentum. “Workspace providers like Vertex, WrkWrk, Bharath Group, Karuna, Workshaala, and Regus are building over 15 lakh sq. ft. of plug-and-play facilities, empowering startups and enterprises alike. These flexible, tech-ready offices are powering Mangaluru’s emergence as a regional innovation hub and positioning it as a Bengaluru+1 destination for GCCs,” Ms. Jacob said.
Published – July 24, 2025 10:42 pm IST
