Industrialists to invest Rs. 2,500 cr. in health, education and tourism sectors
Caption: Chief Minister Jagadish Shettar inaugurating the Kodagu Business Summit held at a private function hall in Mdikeri town. Others seen are (from left) former MLC A.K. Subbaiah, FKCCI President K. Shivashanmugam, Speaker K.G. Bopaiah, former MLC T. John, Minister Ranjan Appachu, FKCCI District Co-ordination Committee President Sudhakar S. Shetty and FKCCI member Girish Ganapathy.
Madikeri, Dec. 19
More than 250 industrial entrepreneurs have signed agreements with the State Government to invest approximately Rs. 2,500 crore to set up environment-friendly industrial units in the district.
The MoUs were signed at the Kodagu Business Development Summit held under the aegis of the FKCCI and Kodagu District Chamber of Commerce and Industry here yesterday.
Chief Minister Jagadish Shettar, speaking after inaugurating the Summit, said that his government was committed to ensure allround development of Kodagu district. “The investments in Kodagu will be mainly on eco-friendly ventures. Global Investment meets held at Bangalore in 2010 and 2012 have proved to be successful and enthused by them, our government is now concentrating on developing the districts to maintain economical balance,” said Shettar.
The CM assured that he will lay foundation stones for a medical college and a mini airport in Kodagu shortly. He laid foundation stones to various projects all over Kodagu at a cost of Rs. 200 crore.
Assembly Speaker K.G. Bopaiah, speaking on the occasion, said that agricultural lands will not be given to investors for developing any business in Kodagu.
Reacting to the demand made by Mandya district farmers’ leader G. Madegowda not to hold Business Summit in Kodagu, Bopaiah lambasted him for spreading damaging rumours about the Business Summit.
District In-Charge Minister Appachu Ranjan, addressing the gathering, clarified that only government lands will be given to the investors and not a single acre of agricultural land will be handed over to anyone.
MLC T. John also spoke on the occasion. FKCCI President Shivashanmugham and District Chamber of Commerce President G. Chidvilas spoke about the conditions of the Investment and activities of their organisations.
Stakeholders of the Summit, namely, Department of Industries and Commerce, Tourism Department, Karnataka State Small Scale Industries Development Corporation and others participated.
Signing of agreements will continue today also, according to sources. The Bangalore-based Asia Pacific Investments has offered to make a single investment of Rs. 1,950 cr. for setting up cable car project and generate hydro & wind electricity, near Mallalli waterfalls, located about 25 kms from Somwarpet town. Most of the investments are to be made in health sector, education, eco-resorts, dairy farm, cable car, nature cure centres, etc.
source: http://www.StarofMysore.com / Home> General News / December 19th, 2012
