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
January 9,2025

Mangaluru: In a significant development, Mescom has proposed a phased electricity tariff hike starting with Rs 0.70 per unit for the fiscal year 2025-26. The proposal has been submitted to the Karnataka Electricity Regulatory Commission (KERC) for approval, signaling a potential increase in electricity costs for consumers.

Mescom emphasized that the current tariff structure is insufficient to meet operational expenses and manage revenue effectively. To address this, the company has invited public objections to the proposed hike.

Currently, the electricity supply cost is Rs 9.23 per unit, while the consumer tariff stands at Rs 8.53 per unit, leading to a shortfall of Rs 0.70 per unit. For the financial year 2023-24, Mescom reported revenue of Rs 5,924.73 crore against an expenditure of Rs 6,310.39 crore, resulting in a deficit of Rs 367.66 crore. For the 2025-26 fiscal year, projected revenue is Rs 5,850.81 crore, with an actual requirement of Rs 5,961.63 crore, creating a deficit of Rs 110.82 crore.

In a first, Mescom has submitted a multi-year tariff revision proposal to KERC. The plan outlines a hike of Rs 0.70 per unit for 2025-26, followed by Rs 0.37 per unit for 2026-27 and Rs 0.54 per unit for 2027-28.

"An increase in electricity tariff is inevitable," stated Jayakumar R, Managing Director of Mescom. "Mescom has submitted a proposal in this regard to KERC."

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News Network
January 4,2025

Mangaluru: In a shocking case of fraud, six individuals posing as officials from the Enforcement Directorate (ED) swindled a beedi businessman of Rs 25 to 30 lakh in cash and five mobile phones at Kolnad in Bantwal taluk of Dakshina Kannada on Friday night.

The incident came to light after Mohammed Iqbal, 27, lodged a complaint with the police, stating that his father, a beedi trader, was targeted by the imposters.

According to the complaint, the six accused arrived at the businessman’s residence around 8:10 pm in a car with Tamil Nadu registration plates. Claiming to be ED officials, they announced that they had orders to search the house and began confiscating mobile phones from the family members.

The fraudsters reportedly discovered Rs 25 lakh to Rs 30 lakh in cash, which the businessman had kept aside for business purposes. They claimed that keeping such a large amount was illegal and threatened to arrest him unless he complied. By 10:30 pm, the group left the house, instructing the businessman to submit documents at the ED office in Bengaluru to reclaim the money.

Later, upon discussing the incident with his family, Iqbal realized that the individuals were not ED officials but fraudsters who had impersonated authorities to rob them.

A case has been registered at Vittal Police Station under relevant sections of the Indian Penal Code. An investigation is underway, and the police have promised swift action to apprehend the culprits.

Dakshina Kannada Superintendent of Police Yathish N, along with senior officers, visited the crime scene and assured the family that the perpetrators would be brought to justice at the earliest.

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News Network
January 1,2025

newyear2025.jpg

The bustling coastal city of Mangaluru ushered in 2025 with a blend of joy, prayers, and festivities, leaving behind a memorable farewell to 2024. The celebrations were a harmonious mix of cultural, recreational, and spiritual activities, reflecting the city’s rich diversity and warmth.

From the early hours of the evening, families and friends thronged popular eateries, beaches, malls, and public spaces, immersing themselves in the festive atmosphere. Restaurants and pubs across the city hosted live performances and curated special events to amplify the New Year cheer. Music, dance, and spectacular fireworks lit up the night sky, creating an electrifying ambiance as Mangaluru welcomed 2025 with open arms.

Ensuring safety and order, Mangaluru city police intensified security measures throughout the city. With 103 picket points and 19 barricade locations in place, the police maintained strict vigilance, monitoring vehicle movements and preventing any untoward incidents. The celebrations were largely peaceful, thanks to the robust security arrangements.

Beaches like Tannirbhavi and Panambur were hotspots of activity, attracting large crowds eager to witness the last sunset of 2024. Beachside resorts reported full occupancy, with many organizing exclusive parties and recreational activities. Meanwhile, religious destinations in the Dakshina Kannada district saw a significant influx of devotees. Sri Kshetra Dharmasthala and other prominent temples, including Kukke Sri Subrahmanya and Kateel Sri Durgaparameshwari, witnessed a steady stream of visitors offering prayers and seeking blessings for the New Year.

At Kudroli Sri Gokarnanatha Temple, special rituals are scheduled to begin at 5:30 am on Wednesday, culminating in a grand rathotsava at 6:00 am, according to Padmaraj R. Poojary, treasurer of the temple management committee.

In a heartwarming gesture, several organizations and NGOs extended their celebrations to orphanages and old age homes, organizing events to spread joy among the less fortunate.

As the city steps into 2025, Mangaluru’s vibrant celebrations, coupled with its commitment to safety and inclusivity, set the tone for a promising year ahead.
 

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