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Investment of Rs 12,000 crore proposed in Dakshina Kannada

Various public sectors, corporate and individual companies have come up with proposals, which include Rs 10,000 crore investments by MRPL, during 'Invest Dakshina Kannada', an investors' convention organized by the district administration as part of 'Invest Karnataka 2016'.

While MRPL will increase upgrade its refinery and increase capacity by expanding its operation area by 1,050 acres, private sector company Syngine is all set to invest Rs 600 crore.

Ruchi Soya Industries will invest Rs 350 crore in edible oil manufacturing unit while industrialist B R Shetty, Abu Dhabi has proposed investment to the tune of Rs 500 crore in pharmaceutical and wellness and boat club sectors. While Indian Oil Corporation Limited will invest Rs 100 crore on LPG bottling plant, Sri Anagha Refineries will invest Rs 110 crore in refinery for edible oil. Meanwhile, Anita Aromatics will invest Rs 100 crore in manufacturing of perfumes. Similarly, more than 35 companies have presented proposals during Invest Dakshina Kannada meet.

Investment of Rs 12,000 crore proposed in DK

As a preparatory to Invest Karnataka, an invest Dakshina Kannada was held at Mangaluru on Tuesday. A total of 33 proposals have been submitted to the Department of Commerce and Industry, while 13 investors have sought 1,251.50 acres of land for investment. If 33 investment proposals get approved, then it will generate 4,665 cases of employment in the district.

MRPL has submitted three proposals, with an investment to the tune of Rs 10,000 crore. This is the highest amount of investment proposed by the investors in the district. The MRPL has proposed to invest in LNG terminal at NMPT, an upgrade of refineries for competing with Euro VI standard and a capacity of increasing for 18,000 million. For increasing its capacity to 18,000 million, the MRPL has sought 1,050 acres of land.

Syngine has proposed to invest for pharmaceutical industry at a cost of Rs 600 crore and has sought 40 acres of land at MSEZ. It has proposed providing employment to 200 persons.

Dr B R Shetty from Abu Dhabi will invest in pharmaceutical and Wellness Spa and Boat Club at a cost of Rs 250 crore each. With the two investments, he aims at generating a total of 300 jobs. A 75-acre site has been sought for the purpose. Sri Anagha Refineries Pvt Ltd will invest Rs 110 crore for refinery of edible oil and is proposed to generate 150 employment.

On the other hand, the government-owned IOCL has sought a 40-acre site for investing a sum of Rs 100 crore for an LPG bottling plant. The investment aims to provide employment to 400 persons. Diya Systems Pvt Ltd, Mangaluru, has proposed to set up an IT centre and BPO service on four acres of land by investing Rs 50 crore. It plans to provide employment to 1,500 persons. Anita’s Aromatics will invest Rs 100 crore for perfumes production. The firm has sought a 10-acre site and aims to generate employment to 100 persons.

Evermore Resorts India Pvt Ltd in Gurpura has proposed to invest Rs 45 crore in hotel industry and aims to provide employment to 100 persons. Sudhakar Pai, Mangaluru, has proposed to set up a steel manufacturing plant at a cost of Rs 25 crore on 25-acre land. The steel plant aims to generate employment to 125 persons. Niyaz Sea Food Exports will invest Rs 20 crore on seafood and aims to provide employment to 350 persons.

Other proposed investments are: 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 crore), Ganapathi R Hegde, Gujarat, for water treatment chemicals (Rs 7 crore), Mariam Panels, Baikampady, for panels and furniture (Rs 6.50 crore), Aquamater Solutions for water treatment (Rs 5.50 crore), Ayesha Panels for panels and furnitures (Rs 5 crore), Reliable Cashews Industries for processing of cashews (Rs 4 crore), Kanti Apparel for garment stitching and finishing (Rs 3.50 crore), Amaco Manufacturing and Industrial Service Pvt Ltd for manufacture of pigging foam (Rs 3 crore), Heramba Comforts, Thokkottu (Rs 3 crore), GYPSY Wood Motels (hotel, Rs 3 crore), Sai International Pvt Ltd, Puttur (hotel, Rs 3 crore), Vikram Residency, Puttur (hotel, Rs 3 crore), Vivek Traders (Ayurvedic medicine Rs 3 crore), Bayline Plastic Industries for manufacture of plastic bag and allied products (Rs 2.50 crore) and Sanctum Dental Spa, Someshwar (health tourism, Rs 2 crore).