Three-day Global Investors Meet kicks off in Bengaluru

[email protected] (CD Network)
February 3, 2016

Bengaluru, Feb 3: Union Finance Minister Arun Jaitley on Wednesday inaugurated the three-day long Global Investors Meet named Invest Karnataka-2016, at the palace grounds in Bengaluru.

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Speaking at the event, for which over 5000 delegates have registered, Mr. Jaitley said Karnataka has the needed human and institutional resources to grow faster than India.

State Industry Minister R.V. Despande in his welcome address mentioned Karnataka was the first in the country to bring start up policy.

The State government’s global investors’ meet received a thumbs-up from the Centre on Tuesday, which has assured all help to make it a success.

"Organising the GIM is a good move," Union Urban Development Minister M. Venkaiah Naidu told reporters in Bengaluru on Tuesday, while maintaining that: "it is not possible to manage everything with local investments. We need global investments to cater to the needs of various sectors."

Fertilizer plant in north Karnataka

Chief Minister Siddaramaiah on Wednesday said the State government will provide 500 acres for setting up a fertilizer (urea) plant in north Karnataka and 100 acres for establishment of a centre of the National Institute of Pharmaceutical Education and Research (NIPER) either in Mysuru or Mangaluru.

Making the announcement at the opening day of the ‘Invest-Karnataka-2016’ Global Investors Meet here, the Chief Minister said five acres would be granted for establishing an R&D centre of the Central Institute of Plastics Engineering& Technology in Bengaluru.

Responding to the demands of allotment of lands for the urea factory made by Union Minister for Chemicals and Fertilizers Ananth Kumar, Mr Siddaramaiah aid 500 acres would be allocated for urea factory in one of the four districts – Vijayapura, Bagalkote, Dharwad and Raichur – in north Karnataka.

“We will provide whatever the quantity of land required to set up the plant and other institutions,” Mr. Siddaramaiah told Mr. Kumar amidst applause from a vast number of delegates representing the industry.

'More than 2,000 km of pipeline across the city'

Later during a meet on laying of gas pipelines in the city, Pankaj Kumar Pal, Chief Executive Officer GAIL Gas Limited, said that 100-km of pipelines had been laid and the company aimed to cover 500 km more next year. Currently, work is being done in HSR Layout, Bellandur, Singasandra, BEL and Agara. Around 35,000 households are expected to be provided pipe gas by next year.

By March, three stations will come up in BMTC bus depots, said Mr. Pal. "BMTC has assured us that 200 CNG buses are being procured. They have also started asking for land (around 4,000 sq.feet) from the public to set up CNG stations across the city," he added. GAIL aims to have 35 stations set up within three years.

The extensive 25 year project will eventually see more than 2,000 km of pipeline across the city. More than Rs. 6,000 crore will be spent on the project, he stated.

Mr. Pal rued the lack of response from the State government towards implementing gas pipelines.

"Two years ago, GAIL had asked the State government to retrofit the Yelahanka power plant, but there has been no response. Similarly, GAIL is waiting for the government to set up the Bidadi plant, which has been stalled after a failed bidder took the Karnataka Power Transmission Corporation to court," said Mr. Pal.

Ambani centre for research announced

Reliance Group Chairman Anil Ambani on Wednesday announced establishment of a Dhirubhai Ambani Centre for Innovation and Research in Aerospace.

Speaking at the ‘Invest Karnataka 2016’ meet here, Mr. Ambani said the proposed centre would be set up under Reliance Defence at Whitefield in Bengaluru.

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Comments

Zahoor Ahmed
 - 
Wednesday, 3 Feb 2016

But don't give more concessions to these businessmen . Ask them to strictly follow rules and regulations of the land.

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coastaldigest.com news network
December 20,2025

Mangaluru, Dec 20: City Police Commissioner Sudheer Kumar Reddy has issued a high-alert warning to vehicle owners regarding a surge in cyber fraud targeting those looking to pay traffic violation fines. Fraudsters are reportedly exploiting recent government discount schemes on traffic penalties to deceive citizens.

The Scam: How Fraudsters Strike

Criminals are using SMS, WhatsApp, and social media to circulate suspicious links and APK files (Android application packages). They claim these apps allow users to pay e-challans at a discount.

•    Device Hacking: Downloading these unauthorized apps gives hackers full access to the victim's smartphone.

•    Financial Theft: Once the phone is compromised, fraudsters intercept OTPs and personal data to drain bank accounts.

•    Phishing Sites: Fake websites mimicking official portals are also being used to harvest banking credentials.

Already, two residents within Mangaluru city limits have reported significant financial losses after falling victim to these fraudulent apps.

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News Network
December 15,2025

Mangaluru, Dec 15: Educational institutions in Mangaluru that rely on the popular Mangala Stadium for their annual sports events are bracing for an inconvenience as the city's key sporting venue is set to close its gates for a significant upgrade. The stadium is expected to be unavailable for approximately two months starting from January 15, 2026.

The closure is necessitated by a proposed overhaul of the stadium's facilities, with a special focus on upgrading the synthetic track. Pradeep Dsouza, Assistant Director of the District of Youth Empowerment and Sports (DYES), Dakshina Kannada, confirmed the development.

"Experts have visited the stadium, conducted a thorough inspection, and have given the go-ahead for a complete makeover," Dsouza stated. "Funds have been allocated for the project, and we are currently awaiting the final green signal from state officials to commence the work. We anticipate that the work will likely begin in the second week of January. Consequently, we have stopped renting out the stadium to colleges and other organizations in preparation for the upgrade."

The timing presents a logistical challenge for colleges, as many schools have already concluded their sports meets.

"Colleges will now be organizing their events and will need to find alternative locations to host their sports meets," Dsouza added. He suggested a few potential venues, including the Dakshina Kannada police ground, University College grounds, Panambur grounds, Swaraj Maidan in Moodbidri, and the Mangalore University sports grounds in Konaje.

However, many institutions note that finding a comparable venue will be difficult. While the DK police ground and University College grounds are closer to the city center, they do not possess the extensive facilities and infrastructure offered by Mangala Stadium.

Dr. P Dayananda Pai - P Satisha Govt First Grade College, Carstreet, is one such institution dependent on the stadium. Principal Jayakar Bhandary expressed hope for a swift completion of the work. "We expect the work to be completed at the earliest. If not, we will be forced to look for other venues to host the sports day for our students," Bhandary said, highlighting the pressing need for the city's main sporting facility.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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