Rs 1,506 crore investment expected in coastal districts

January 4, 2012

Mangalore, January 4: Chief Minister D V Sadanaga Gowda has said that a total of Rs 1.506 crore would be investment in coastal districts of Karnataka was expected by as many as 38 major investors.

Inaugurating the Coastal Business Development Summit in Mangalore on Wednesday, he said that Karnataka is an investor friendly State and all facilities and conducive trade environment would be offered to the investors coming to the State.

Speaking on the industrial environment existing in the coastal districts, he said that though the region is well connected with air, rail, road and water ways, business and industries have not been able to make a mark in the region due to some external factors.

He said that the internal income of the region was nine per cent during 2008-09, of which Dakshina Kannada district had five per cent while Udupi and Uttar Kannada had mere two per cent contribution. District Industrial Progress of Dakshina Kannada was 31 per cent during this period while Udupi and Uttar Kannada was 29.8 per cent and 25.7 per cent respectively.

Speaking about the Global Investors' Meet held in Bangalore in 2010, the CM said that the event was a huge success which saw ushering in of an investment of Rs five lakh crore. As many as 387 MoUs were signed promising six lakh job openings.

“As many as 288 projects have already taken off while 89 projects nearing completion,” said the CM.

During the programme, 38 investors including MRPL with a romping Rs 1,100 crore project signed the MoU with the State. Minister for Small and Medium Industries Murugesh Nirani said that an area of 1.19 lakh acre has been set aside for the Land Bank in the State and preliminary steps have been taken to acquire 89,000 acres of land.

Udupi District-in-Charge Minister Dr V S Acharya said that the primary sector in the region contributes to only 19 per cent of the gross production of the State while manufacturing sector contributes to 21 per cent while the tertiary sector (service sector etc) contribute to 45 per cent.

“This means that we need to give importance to tertiary sector,” said Dr Acharya.

Minister for Primary and Higher Education Kageri Vishweshwara Hegde, Federation of Karnataka Chambers of Commerce and Industry (Bangalore) President J R Bangera, Kanara Chamber of Commerce and Industry President Latha R Kini among others were present.

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NRI from Udupi wins Rs 50 crore in Abu Dhabi’s big ticket draw

News Network

February 4,2026

An Indian resident who won the Dh20 million (approximately Rs 50 crore) jackpot in Abu Dhabi's Big Ticket draw has told of his joy at sharing his life-changing fortune with a friend.

Shanthanu Shettigar, a shop manager in Muscat, regularly buys tickets for the monthly grand prize draw with one of his closest friends – and the pair won on February 3.

Mr Shettigar, 33, who is from Udyavar in Udupi district of the southern state of Karnataka and has lived in the Omani capital for eight years, said he was left speechless after learning of his success.

“When I first moved to Muscat, many of my colleagues were purchasing Big Ticket, which encouraged me to give it a try,” he said.

“I started buying tickets on my own, and later began sharing tickets with a close friend. The ticket that brought me this win was one we purchased together.”

“Like most people, I receive a lot of spam calls, and I was fully absorbed in my work as well. I knew the live draw was taking place tonight, but I never imagined my name would be announced,” he said.

“When I realised it was real and that I had won, I was honestly speechless. It still hasn’t fully sunk in, but I’m extremely happy.”

Mr Shettigar is not sure how he will spend his share of the money, but encouraged others to take part.

“This win was completely unexpected, so I want to take some time to think things through before deciding what to do next,” he said.

“I would definitely encourage others to participate with Big Ticket, whether with family or friends – you never know when your moment might come.”

The Big Ticket was established in 1992 with an initial first prize of Dh1 million. It is one of the most popular monthly raffles in the UAE.

It has transformed the lives of many people across the Emirates and beyond.

Entry to the Big Ticket Millionaire is Dh500. Tickets can be bought online or at counters at Zayed International Airport and Al Ain Airport.

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