Karnataka govt inks MoU with Yusuff Ali’s LuLu group for Rs 2,000-cr investment at WEF meet

News Network
May 23, 2022

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Davos, May 23: Karnataka government on Monday signed a memorandum of understanding (MoU) with M. A. Yusuff Ali’s Lulu International Group for an investment of Rs 2,000 crore in the presence of Chief Minister Basavaraj Bommai at the World Economic Forum (WEF) meet being held in Davos, Switzerland. The Chief Minister held talks also with heads of Jubilant Group, Hitachi, Hero MotoCorp, Siemens, Dassault Systems and Nestle, among others.

Lulu Group intends to open four shopping malls and hypermarkets. It is also keen to establish export-oriented food units in Karnataka, and the projects are expected to create employment opportunities for 10,000 people, the Chief Minister's office said in a statement.

Industries Minister Murugesh Nirani, Additional Chief Secretary in the Department of Commerce and Industry E V Ramana Reddy, CM's Principal Secretary N Manjunath Prasad, Commissioner of Industries Department Gunjan Krishna, and others were present. Bommai invited the Jubilant Group to explore the investment opportunities in pharma and FMCG sectors in Karnataka, and made a pitch for the FMCG Park being established in Dharwad and explained the incentive package being offered by the State to draw the investors to set up their units here.

Jubilant Food Works has decided to set up its centralised kitchen and Jubilant Biosys is keen to establish its R&D unit in a 10-acre plot at Devanahalli. Presently, about 9,000 people are working with Jubilant in the State. Presently, about 9,000 people are working with Jubilant in the State.

Meanwhile, Hitachi Energy conveyed its interest during the talks to set up an EV-charging infrastructure unit in the State. The company has evinced interest to explore the opportunities in energy and digitalisation sectors considering the immense talent pool available in Bengaluru, the release said. The company is set to inaugurate its energy quality instrument unit at Doddaballapur, it added.

Hitachi Energy has its head office in Bengaluru and it is building a centre of engineering, which would engage about 2,000 engineers. Noting that Siemens is taking up two projects in Bengaluru focusing on magnetic imaging and diagnostics and a health-related R&D project, the CMO said the company plans to lay the foundation stone for setting up a medical equipment manufacturing unit at Bommasandra in September 2022 to cater to the domestic market.

Bommai has been invited to the programme. The company currently has about 2,000 engineers. The State government has assured the company of special incentives to set up its production unit for modern medical equipment, it said, adding that representatives of Siemens and the State government also discussed the 'Beyond Bengaluru' project to draw investments to Tumakuru, Hubballi-Dharwad and Mysuru cities.

According to the CMO, Dassault has evinced interest to invest in electric vehicles, modern production systems, industrial training for students in Digital 4.0 technology and Smart City project in Karnataka while Nestle has expressed its keenness to modernise and expand the Nestle Instant Coffee unit in Nanjangud. Bommai launched the Karnataka pavilion at the WEF summit during the day and participated in a session on soil extinction, climate change and ecological degradation with spiritual leader Sadhguru Jaggi' Vasudev.

"The solution lies in linking nature to economics, i.e. eco-economics. Eco-budgeting has to be there in the balancesheets of all businesses," the Chief Minister said in a tweet.

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News Network
November 27,2025

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Bengaluru: The Vokkaligara Sangha on Thursday issued a stern warning to the Congress, saying the party could face serious electoral repercussions if Deputy Chief Minister D.K. Shivakumar is not appointed as Chief Minister.

The warning follows the public backing of Shivakumar’s chief ministerial ambition by top Vokkaliga pontiff Nirmalanandanatha Swami, who urged the Congress high command to honor his claim.

“The community supported Congress in the 2023 Assembly elections only because Shivakumar had a real chance to become CM. If he is cheated, we’ll teach the party a big lesson,” said newly elected Sangha president L. Srinivas. He added that Vokkaligas would organize protests under the guidance of community leaders.

General Secretary C.G. Gangadhar pointed out that Congress won more seats in the Vokkaliga-dominated Old Mysuru region due to Shivakumar’s influence, adding, “If Congress wants to retain power, Shivakumar should be made the CM.”

Outgoing president Kenchappa Gowda emphasized Shivakumar’s contribution to Congress’ victory. “Our community voted for Congress thinking he would become CM. Siddaramaiah has also served the party well, but Shivakumar should now be given a chance,” he said.

Former general-secretary Konappa Reddy appealed to Sonia and Rahul Gandhi to recognize Shivakumar’s loyalty and service, saying, “Congress is known to keep its promises. We hope it won’t break the promise made to him.”

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News Network
December 6,2025

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New Delhi: IndiGo, India’s largest airline, faced major operational turbulence this week after failing to prepare for new pilot-fatigue regulations issued by the Directorate General of Civil Aviation (DGCA). The stricter rules—designed to improve flight safety—took effect in phases through 2024, with the latest implementation on November 1. IndiGo has acknowledged that inadequate roster planning led to widespread cancellations and delays.

Below are the key DGCA rules that affected IndiGo’s operations:

1. Longer Mandatory Weekly Rest

Weekly rest for pilots has been increased from 36 hours to 48 hours.

The government says the extended break is essential to curb cumulative fatigue. This rule remains in force despite the current crisis.

2. Cap on Night Landings

Pilots can now perform only two night landings per week—a steep reduction from the earlier limit of six.

Night hours, defined as midnight to early morning, are considered the least alert period for pilots.

Given the disruptions, this rule has been temporarily relaxed for IndiGo until February 10.

3. Reduced Maximum Night Flight Duty

Flight duty that stretches into the night is now capped at 10 hours.

This measure has also been kept on hold for IndiGo until February 10 to stabilize operations.

4. Weekly Rest Cannot Be Replaced With Personal Leave

Airlines can no longer count a pilot’s personal leave as part of the mandatory 48-hour rest.

Pilots say this closes a loophole that previously reduced actual rest time.

Currently, all airlines are exempt from this rule to normalise travel.

5. Mandatory Fatigue Monitoring

Airlines must submit quarterly fatigue reports along with corrective actions to DGCA.

This system aims to create a transparent fatigue-tracking framework across the industry.

The DGCA has stressed that these rules were crafted to strengthen flight safety and align India with global fatigue-management standards. The temporary relaxations are expected to remain until February 2025, giving IndiGo time to stabilise its schedules and restore normal air travel.

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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