Madikeri:

The recent Global Investors Meet in Bangalore is expected to benefit the Malnad district of Kodagu.

Asia Pacific Industries Ltd has come forward to invest Rs 1,000 crore in the district, an industrially backward district in Karnataka.

Speaking to TOI, the company director Vignesh confirmed that the company will invest in tourism. The schemes will be implemented under mini-hydel projects and will provide an impetus to tourism centres in Kodagu.

Vignesh said Kodagu, which was attracting more tourists, needed more facilities .

The state government has also given a green signal for these projects, Vignesh said.

The projects will be implemented in Madikeri, Virajpet and Somwarpet districts on priority basis. During the implementation of these projects, environment will not be disturbed, he assured.

Meanwhile, establishment of homestays and food processing units are also planned. The hydel projects will solve the power scarcity in the district, Vignesh analyzed.

Preference will be given to unemployed youths in the district during new appointments, he added.

Virajpet MLA and speaker K G Bopaiah and Madikeri MLA Appachu Ranjan have been encouraging investors to invest in Kodagu.

source: http://www.articles.timesofindia.indiatimes.com / Home> Collections> Tourism / by G Rajendra / TNN / June 12th, 2012