annum (MMTPA) storage, 1.5 MMTPA would be at Mangalore. According to an International edition of India Today (28 November – 4 December 2006), Mangalore is the fastest growing non-metro in South India.
Corporation Bank, Canara Bank, and Vijaya Bank were the three nationalised banks established in Mangalore during the first half of the 20th century. Karnataka Bank, founded in Mangalore, was one of the largest banks to have not been taken over by the Government. The Mangalore Catholic Co-operative Bank (MCC Bank) Ltd. and SCDCC Bank were the scheduled banks established in Mangalore.
The boat building and fishing industry have been core businesses in Mangalore for generations. The Old Mangalore Port is a fishing port located at Bunder in Mangalore, where a large number of mechanised boats anchor. The traffic at this port was 122,000 tonnes during the years 2003–04. The fishing industry employs thousands of people, their products being exported to around the region. Mangalorean firms have a major presence in the tile, beedi, coffee, and cashew nut industry, although the tile industry has declined due to concrete being preferred in modern construction. The Albuquerque tile factory in Mangalore is one of India's oldest red roof tile manufacturing factories. Cotton industries also flourish in Mangalore. The Ullal suburb of Mangalore produces hosiery and coir yarns, while beedi rolling is an important source of revenue to many in the city
