Mangaluru, Jan 12: Leading companies including Mangalore Refinery and Petrochemicals Limited, Syngine and NRI tycoon BR Shetty on Tuesday proposed investments worth Rs 11,996.35 crore in Dakshina Kannada at an investors meet held in the city.
Hosted by Dakshina Kannada district administration as a prelude to Invest Karnataka 2016— to be held at Bengaluru on February 3, today’s ‘Invest Dakshina Kannada 2016’ is considered as a super successful meet. However, all the memorandum-of-understandings are expected to be signed in Bengaluru meet.
As many as 33 proposals have been submitted to the department of Commerce and Industry and 13 investors have sought 1,251.50 acre land for investment. If all these investments were materialized, then it is expected to generate 4,665 employments in the coastal district.
While MRPL submitted three proposals worth Rs 10,000, Syngine proposed Rs 600 crore investment in pharmaceutical industry and sought 40 acre land at MSEZ. BR Shetty submitted two proposals with an investment to the tune of Rs 500 crore. He has sought 75 acres of land to set up Pharmaceutical and Wellness Spa and Boat Club and promised generation of 300 employments.
Sri Anagha Refineries Pvt Ltd promised Rs 110 crore investment in refinery of edible oil and is proposed to generate 150 employment. Government owned IOCL has sought 40 acre land for investing a sum of Rs 100 cr for LPG bottling plant and promised 400 employments. Promising 1,500 employments, Diya Systems Pvt Ltd, Mangaluru has proposed investments worth Rs 50 crore. It will set up IT centre and BPO Service on four acre land. Anita’s Aromatics has sought 10 acre land promising 100 employments after investing Rs 100 crore in perfumes production.
Other proposed investments are—Evermore Resorts India Pvt Ltd, Gurpura (Rs 45 crore in hotel industry) Sudhakar Pai, Mangaluru ( Rs 25 crore for steel manufacturing plant) Niyaz Sea Food Exports (Rs 20 crore on sea food). Precious Exports in cashew processing (Rs 12 crore), Medorganics India Pvt Ltd for manufacture of tablets and capsules (Rs 11.35 crore), Plant Tech International Ltd for manufacture of vacuum cleaning using super sucker vacuum trucks (Rs 8 crore), Jananial Enterprises for engineering industry (Rs 8 cr), Ganapathi R Hegde, Gujrath for water treatment chemicals (Rs 7 cr), Mariam Panels, Baikampady for panels and furniture (Rs 6.50 cr), Aquamater Solutions for water treatment (Rs 5.50 cr), Ayesha Panels for panels and furnitures (Rs 5 cr), Reliable Cashews Industries for processing of cashews (Rs 4 cr), Kanti Apparel for garment stitching and finishing (Rs 3.50 cr), Amaco Manufacturing and Industrial Service Pvt Ltd for manufacture of pigging foam (Rs 3 cr), Heramba Comforts, Thokkottu (hotel Rs 3 cr), GYPSY Wood Motels (hotel, Rs 3 cr), Sai International Pvt Ltd , Puttur (hotel, Rs 3 cr), Vikram Residency, Puttur (hotel, Rs 3 cr), Vivek Traders (Ayurvedic medicine Rs 3 cr), Bayline Plastic Industries for manufacture of plastic bag and allied products (Rs 2.50 cr) and Sanctum Dental Spa, Someshwar (health tourism, Rs 2 crore).
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We urge the concerned authorities to look in to the status of Mangalore Roads and improve the conditions of transport and everything else will fall in place. Basic infrastructure is must for any city to develop.
Welcome Amaco group to Mangaluru. Happy to know that you are investing in Dakshina Kannada
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