Karnataka approves 88 industrial projects worth Rs 2,367 cr; to generate jobs for 11K people

News Network
February 2, 2022

Bengaluru, Feb 2: The Karnataka government has approved 88 industrial projects worth Rs 2,367.99 crore that would generate jobs for over 10,904 people in the State.

The 129th meeting of the State Level Single Window Clearance Committee (SLSWCC) held under the chairmanship of Minister for Large and Medium Scale Industries Murugesh R Nirani on Tuesday evening has cleared these projects.

The committee has considered and approved seven important large and medium size industrial projects with investment of more than Rs 50 crore, the Minister's office said in a release on Wednesday.

These projects worth Rs 799.1 crore are expected to create employment opportunities for 3,237 people in the state. Noting that the SLSWCC meeting has also cleared 78 new projects at an outlay of more than Rs 15 crores and less than Rs 50 crore, it said these projects worth Rs 1,431.74 crore would generate jobs for 7,667 people in the state.

Three more projects worth Rs 137.15 crore investments were also approved, the release said, adding that a total 88 projects with investments of Rs 2,367.99 crore with employment potential for 10,904 people were cleared.

Among new investments approved are: M/s Gurudatta Integrated Textile Park Limited with Rs.357 Crore and employment potential of 1,655; a Rs 96 crore project by M/s Spansules Formulations with employment potential for 540 people; Rs 80 crore investment by M/s Rinac India Ltd with 125 jobs; Rs 64 crore project by M/s Sunvik Steels Private Limited with job creation for 20 people.

Also, Rs 59.31 crore worth project by M/s H&V Advanced Materials India Private Limited with employment for 327 people; Rs 46.50 crore investment by M/s A One Textech Private Limited, with job opportunities to 160 people; Rs 44.80 crore investment by M/s Texport Industries Pvt Ltd which is expected to create 1501 jobs; and Rs 35 crore investment by M/s Kaynes Technology India Private Limited with job creation for 390 people.

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News Network
September 13,2024

flight.jpg

NRI professionals hailing from the coastal and Malnad regions of Karnataka, now based in Singapore, Indonesia, Malaysia, Hong Kong, and Australia, have been urging the Indian government and airlines to introduce a direct flight between Mangalore International Airport (MIA) and Singapore’s Changi Airport.

These professionals argue that Singapore’s strategic location as a hub connecting India with East Asia makes this flight essential. They highlight that this route would serve over 12 million people from the coastal and hill regions of southern India, fostering stronger ties with East Asian economies.

The group, consisting of individuals from Dakshina Kannada, Uttara Kannada, Udupi, Chikkamagaluru, Kodagu, Shivamogga, and Hassan, is spearheaded by Rajesh H Acharya, director of HQ Connections Pte Ltd, Singapore, and coordinator of the Singapore Tuluver community. Acharya emphasized the significance of the Indian government’s Act East policy, which aims to strengthen relationships between India and ASEAN, East Asia, and the Asia-Pacific region.

“This flight will open new doors for cultural, trade, tourism, and technological exchanges between these regions,” Acharya said.

The Mangalore Chapter of IndUS Entrepreneurs (TiE) has also proposed positioning the region as the 'Silicon Beach of India.' A direct flight would provide greater opportunities for entrepreneurs and investors from both Singapore and Mangaluru, boosting business exchanges.

Moreover, Singapore’s Changi Airport could see increased tourism from the Karnataka coast, while Coastal Karnataka would benefit from a surge in visitors from ASEAN countries, the Far East, Australia, New Zealand, and the US West Coast.

While a similar attempt in 2017 did not succeed, Acharya and his team are hopeful that this time their appeal will be taken seriously, tapping into the immense growth potential of the eastern half of the globe.

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News Network
September 13,2024

flight.jpg

NRI professionals hailing from the coastal and Malnad regions of Karnataka, now based in Singapore, Indonesia, Malaysia, Hong Kong, and Australia, have been urging the Indian government and airlines to introduce a direct flight between Mangalore International Airport (MIA) and Singapore’s Changi Airport.

These professionals argue that Singapore’s strategic location as a hub connecting India with East Asia makes this flight essential. They highlight that this route would serve over 12 million people from the coastal and hill regions of southern India, fostering stronger ties with East Asian economies.

The group, consisting of individuals from Dakshina Kannada, Uttara Kannada, Udupi, Chikkamagaluru, Kodagu, Shivamogga, and Hassan, is spearheaded by Rajesh H Acharya, director of HQ Connections Pte Ltd, Singapore, and coordinator of the Singapore Tuluver community. Acharya emphasized the significance of the Indian government’s Act East policy, which aims to strengthen relationships between India and ASEAN, East Asia, and the Asia-Pacific region.

“This flight will open new doors for cultural, trade, tourism, and technological exchanges between these regions,” Acharya said.

The Mangalore Chapter of IndUS Entrepreneurs (TiE) has also proposed positioning the region as the 'Silicon Beach of India.' A direct flight would provide greater opportunities for entrepreneurs and investors from both Singapore and Mangaluru, boosting business exchanges.

Moreover, Singapore’s Changi Airport could see increased tourism from the Karnataka coast, while Coastal Karnataka would benefit from a surge in visitors from ASEAN countries, the Far East, Australia, New Zealand, and the US West Coast.

While a similar attempt in 2017 did not succeed, Acharya and his team are hopeful that this time their appeal will be taken seriously, tapping into the immense growth potential of the eastern half of the globe.

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News Network
September 16,2024

Shaun.jpg

In a heart-breaking incident, 19-year-old Shaun D'Souza, a native of Vittalwadi in Udupi's Kundapur taluk, tragically lost his life in the UAE due to heat stroke.

Shaun, the beloved son of Elias Cyril D'Souza and Pramila D'Souza, originally from Hosabettu, Moodbidri, had been pursuing his college education in the UAE.

He was admitted to a hospital in Ras Al Khaimah, approximately 115 km from Dubai, after collapsing from heatstroke. Despite receiving immediate medical attention, Shaun breathed his last on Sunday, September 15. 

He is deeply mourned by his parents and two siblings. The family, who had been residing near St. Mary's Church in the UAE, are grappling with the profound loss. Shaun’s father, Elias, works as a manager for a private company, while his mother, Pramila, is an accountant.

The local community has come together to offer their support and condolences in this time of sorrow.

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