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==Economy== {{Main|Economy of Tamil Nadu}} The city is one among the 50 Indian cities to be ranked in the World Startup Index of 1,000 cities.<ref name="startupblink.com">{{Cite web|url=https://www.startupblink.com/|title=Global Map of Startups & Ecosystem Rankings |website=StartupBlink }}</ref> The major software companies present in Nagercoil are CapeStart Inc., [[Hinduja Global Solutions]], [[Navigant Consulting]].<ref>{{cite news|url=https://www.business-standard.com/article/companies/hinduja-global-solutions-opens-centre-at-nagercoil-in-tn-110050600195_1.html|title=Hinduja Global Solutions opens centre at Nagercoil in TN|newspaper=Business Standard India|date=6 May 2010 |agency=Press Trust of India}}</ref><ref>{{cite news|url=http://tech.economictimes.indiatimes.com/news/technology/nasdaq-to-work-with-indian-fintech-cos-to-build-next-gen-local-products/59626463|title=Nasdaq to work with Indian fintech cos to build next gen local products |first=Nilesh |last=Christopher|newspaper=The Economic Times}}</ref> The city also has small aerospace manufacturing plants and satellite fabricating firms serving the [[Indian Space Research Organisation]]s facility in [[ISRO Propulsion Complex]], Mahendragiri.<ref>{{cite web|url=https://www.newindianexpress.com/states/tamil-nadu/2018/jan/13/chandrayaan-2-set-for-bungee-jump-test-in-mahendragiri-hills-of-tamil-nadu-1752404.html|title=Chandrayaan-2 set for bungee jump test in Mahendragiri hills of Tamil Nadu|website=The New Indian Express |date=13 January 2018 |author=SV Krishna Chaitanya }}</ref><ref>{{cite web|url=https://www.deccanchronicle.com/nation/in-other-news/091016/noorul-islam-university-hands-over-nano-satellite-to-isro.html|title=Noorul Islam University hands over nano satellite to ISRO|date=9 October 2016|website=Deccan Chronicle}}</ref> The Regional Academic Centre for Space by Indian Space Research Organisation, one among the only six incubation centres for Space Startups in India, is under construction in Nagercoil.<ref>{{cite web|url=https://www.newindianexpress.com/states/karnataka/2018/sep/19/isro-to-fund-research-in-twelve-cities-1874006.html|title=ISRO to fund research in twelve cities|website=The New Indian Express |date=19 September 2018}}</ref><ref>{{cite web|url=https://www.deccanherald.com/city/isro-opens-first-its-six-693349.html|title=ISRO opens first of its six planned incubation centres|date=18 September 2018|website=Deccan Herald |first=Rasheed |last=Kappan}}</ref> The [[Integral Coach Factory]] has a small scale windmill unit.<ref>{{cite news|url=https://timesofindia.indiatimes.com/city/chennai/ICF-to-install-windmills/articleshow/4102273.cms|title=ICF to install windmills |website=The Times of India|date=10 February 2009 }}</ref> Also, the District Industries Centre (DIC) in [[Konam, Nagercoil]] operates under the [[Ministry of Micro, Small and Medium Enterprises|Ministry of Micro, Small, and Medium Enterprises]], India (MSME). The export of 95 tons of fruits and vegetables to the Gulf Countries through the Thiruvananthapuram airports is a major source of revenue for the city, with food processing companies generating a daily revenue of โน16.7 [[lakh]] and an annual revenue of โน6.1 billion.<ref>{{cite news|url=https://www.thehindu.com/news/national/kerala/export-of-perishables-hit/article19519988.ece|title=Export of perishables hit|first=S. Anil|last=Radhakrishnan|newspaper=The Hindu|date=18 August 2017}}</ref> The flower market of [[Thovalai]] exports 350 tons of Flowers to Kerala, Europe and Middle Eastern countries generating an annual revenue of โน250 [[crore]].<ref>{{cite web|url=https://english.mathrubhumi.com/news/offbeat/thovalai-flowers-gearing-up-for-onam-kanyakumari-onam-season-1.2188380|title=Thovalai flowers gearing up for Onam|website=Mathrubhumi |date=Aug 24, 2017 |url-status=dead |archive-url=https://web.archive.org/web/20200229140140/https://english.mathrubhumi.com/news/offbeat/thovalai-flowers-gearing-up-for-onam-kanyakumari-onam-season-1.2188380 |archive-date=Feb 29, 2020}}</ref><ref>{{cite news|url=https://www.thehindu.com/news/cities/Madurai/traders-stare-at-losses-as-kerala-floods-hit-business/article24718837.ece|title=Traders stare at losses as Kerala floods hit business|first=P.|last=Sudhakar|newspaper=The Hindu|date=17 August 2018}}</ref><ref>{{cite news|url=https://timesofindia.indiatimes.com/city/madurai/worst-onam-for-thovalai-flower-market-in-recent-times/articleshow/65536468.cms|title=Worst Onam for Thovalai flower market in recent times |website=The Times of India|date=25 August 2018 }}</ref> The major cottage industries like Fish-net manufacturing, Rubber industries, Jewellery manufacturing are industries serving the domestic and export markets.<ref>{{cite news|url=https://timesofindia.indiatimes.com/city/trichy/nagercoil-temple-jewellery-made-with-peculiar-stones-gets-gi-tag-geographical-indications-tag/articleshow/65095824.cms|title=Nagercoil temple jewellery made with peculiar stones gets Geographical Indications tag |website=The Times of India|date=23 July 2018 |author=D Vincent Arockiaraj }}</ref><ref>{{cite news|url=https://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/Fishermen-thirst-for-scientific-solutions/article14849043.ece|title=Fishermen thirst for scientific solutions|newspaper=The Hindu|date=2 October 2007}}</ref> The minor [[cottage industries]] include Surgical Gloves, [[Coir]]-making, floral trade, handloom-weaving, cashew nut, spices, food-processing units, and lace-making (export-oriented).<ref>{{cite news|title=Form casteless society, youth told |url=http://www.hindu.com/2004/10/03/stories/2004100303550300.htm|archive-url=https://web.archive.org/web/20041014200124/http://www.hindu.com/2004/10/03/stories/2004100303550300.htm|url-status=dead|archive-date=14 October 2004|date=3 October 2004|work=[[The Hindu]] |access-date=2013-08-08}}</ref> Nagercoil has the highest [[per capita income]] of โน2,76,454 (US$3,800), making it among the richest small cities in India{{according to whom|date=April 2025}}. ===Energy=== {{Main|Wind power in India}} [[File:Aralvaimozhi-Aerial.jpg|thumb|upright=0.9|Wind farm in [[Muppandal]] and Aralvaimozhi region near Nagercoil]] The city has an installed windmill capacity of 1500 MW catering to 20% of the state's renewable electricity needs.<ref>{{Cite news |last=Jairaj |first=Amala Devi & Bharath |date=2017-09-27 |title=The way the wind blows |url=https://www.thehindu.com/opinion/op-ed/the-way-the-wind-blows/article19763982.ece |access-date=2025-03-13 |work=The Hindu |language=en-IN |issn=0971-751X}}</ref> Muppandhal has emerged as the wind power hub, with plant owners eager to cash in on the โน2.90 per unit purchase price being offered by the [[Tamil Nadu Electricity Board]].<ref>{{cite news|url=https://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/State-betters-its-record-in-windmill-energy-production/article14808974.ece|title=State betters its record in windmill energy production|newspaper=The Hindu|date=3 August 2007}}</ref>
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