. Mangalore's economy is dominated by the agricultural processing and port-related activities. The New Mangalore Port is India's ninth largest port, in terms of cargo handling. It handles 75 per cent of India's coffee exports and the bulk of its cashew nuts. During 2000–01, Mangalore generated a revenue of 33.47 crore (US$6.06 million) to the state. The city's major enterprises include Mangalore Chemicals and Fertilizers Ltd. (MCF), Kudremukh Iron Ore Company Ltd. (KIOCL), Mangalore Refinery and Petrochemicals Ltd. (MRPL), BASF, and Total Oil India Limited (ELF Gas).
The leaf spring industry has an important presence in Mangalore, with Canara Workshops Ltd. and Lamina Suspension Products Ltd. in the city. The Baikampady and Yeyyadi Industrial areas harbour several small-scale industries. Imports through Mangalore harbour include crude oil, edible oil, LPG, and timber. The city along with Tuticorin is also one of two points for import of wood to South India.
Major information technology (IT) and outsourcing companies like Infosys, Wipro, and MphasiS BPO have established a presence in Mangalore. Plans to create three dedicated I.T. parks are underway, with two parks (Export Promotion Industrial park (EPIP) at Ganjimutt and Special Economic Zone (SEZ) near Mangalore University) currently under construction. A third IT SEZ is being proposed at Ganjimutt. Another IT SEZ, sponsored by the BA group, is under construction at Thumbe and spans 2 million square feet (180,000 m²).
The Oil and Natural Gas Corporation (ONGC) plans to invest over 35,000 crore (US$6.34 billion) in a new 15 million tonne refinery, petrochemical plant and power, as well as LNG plants at the Mangalore Special Economic Zone. Indian Strategic Petroleum Reserves Ltd, a special purpose vehicle under the Oil Industry Development Board, is developing strategic crude oil reserves in Mangalore and two other places in India.Out of the proposed 5 million metric tonnes per
