Mangaluru among 3 tier-2 cities to spearhead ‘Beyond Bengaluru’ initiative
The Hindu
Karnataka Digital Economy Mission expects over 150 companies to set up shop in the coastal city in the next five years
Karnataka Digital Economy Mission (KDEM) Chairman B.V. Naidu said three clusters – Mangaluru, Mysuru and Hubballi – will spearhead the ‘Beyond Bengaluru’ initiative by attracting Global Capability Centres (GCCs) to establish their offices and operate from these cities.
Addressing the KDEM Mangaluru Cluster Policy Talk event attended by about 40 people in person in Mangaluru and about 70 online, he said, “Mangaluru is being projected as a fintech hub. The vision for Mangaluru includes three large, 30 medium, and 120 mid-size companies to be added in the next five years.”
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Through this funding, Dynolt plans to expand its footprint in mobility through higher power chargers—with wide bandgap semiconductors—for fast charging stations. The company also plans to enter new sectors like solar and hydrogen with its solutions for high frequency inverters and DC-DC converters application, said a press release.