Karnataka govt inks MoU with Yusuff Ali’s LuLu group for Rs 2,000-cr investment at WEF meet

News Network
May 23, 2022

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Davos, May 23: Karnataka government on Monday signed a memorandum of understanding (MoU) with M. A. Yusuff Ali’s Lulu International Group for an investment of Rs 2,000 crore in the presence of Chief Minister Basavaraj Bommai at the World Economic Forum (WEF) meet being held in Davos, Switzerland. The Chief Minister held talks also with heads of Jubilant Group, Hitachi, Hero MotoCorp, Siemens, Dassault Systems and Nestle, among others.

Lulu Group intends to open four shopping malls and hypermarkets. It is also keen to establish export-oriented food units in Karnataka, and the projects are expected to create employment opportunities for 10,000 people, the Chief Minister's office said in a statement.

Industries Minister Murugesh Nirani, Additional Chief Secretary in the Department of Commerce and Industry E V Ramana Reddy, CM's Principal Secretary N Manjunath Prasad, Commissioner of Industries Department Gunjan Krishna, and others were present. Bommai invited the Jubilant Group to explore the investment opportunities in pharma and FMCG sectors in Karnataka, and made a pitch for the FMCG Park being established in Dharwad and explained the incentive package being offered by the State to draw the investors to set up their units here.

Jubilant Food Works has decided to set up its centralised kitchen and Jubilant Biosys is keen to establish its R&D unit in a 10-acre plot at Devanahalli. Presently, about 9,000 people are working with Jubilant in the State. Presently, about 9,000 people are working with Jubilant in the State.

Meanwhile, Hitachi Energy conveyed its interest during the talks to set up an EV-charging infrastructure unit in the State. The company has evinced interest to explore the opportunities in energy and digitalisation sectors considering the immense talent pool available in Bengaluru, the release said. The company is set to inaugurate its energy quality instrument unit at Doddaballapur, it added.

Hitachi Energy has its head office in Bengaluru and it is building a centre of engineering, which would engage about 2,000 engineers. Noting that Siemens is taking up two projects in Bengaluru focusing on magnetic imaging and diagnostics and a health-related R&D project, the CMO said the company plans to lay the foundation stone for setting up a medical equipment manufacturing unit at Bommasandra in September 2022 to cater to the domestic market.

Bommai has been invited to the programme. The company currently has about 2,000 engineers. The State government has assured the company of special incentives to set up its production unit for modern medical equipment, it said, adding that representatives of Siemens and the State government also discussed the 'Beyond Bengaluru' project to draw investments to Tumakuru, Hubballi-Dharwad and Mysuru cities.

According to the CMO, Dassault has evinced interest to invest in electric vehicles, modern production systems, industrial training for students in Digital 4.0 technology and Smart City project in Karnataka while Nestle has expressed its keenness to modernise and expand the Nestle Instant Coffee unit in Nanjangud. Bommai launched the Karnataka pavilion at the WEF summit during the day and participated in a session on soil extinction, climate change and ecological degradation with spiritual leader Sadhguru Jaggi' Vasudev.

"The solution lies in linking nature to economics, i.e. eco-economics. Eco-budgeting has to be there in the balancesheets of all businesses," the Chief Minister said in a tweet.

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News Network
May 10,2025

Mangaluru, May 10: A new chapter in Mangaluru’s infrastructure story unfolds on May 16, as Chief Minister Siddaramaiah arrives to inaugurate two transformative projects: the newly built Deputy Commissioner’s Office at Padil and a world-class indoor stadium at Urwa.

These developments signal a strong push toward better governance and enhanced urban amenities in the coastal city.

₹75 Crore DC Office

The new DC Office, spread across a modern campus at Padil, comes with a price tag of ₹75 crore. Initially budgeted at ₹55 crore, the project received an additional ₹20 crore under the Smart City Mission, aimed at integrating technology and convenience in public administration.

“This facility reflects our vision of a centralized, people-friendly government. With 23 departments under one roof, citizens can now access services more efficiently,” said District In-charge Minister Dinesh Gundu Rao.

The phased relocation of departments will begin on the day of inauguration and be completed over the next 2 to 3 weeks.

₹35 Crore Indoor Stadium Opens Doors

Also on the agenda is the grand opening of Mangaluru’s new indoor sports complex in Urwa, built for ₹35 crore. This ultra-modern facility is equipped to host national-level indoor events and will offer quality training infrastructure for emerging sports talent in the region.

Initiated during Siddaramaiah’s previous term, both the stadium and DC Office projects are now ready for public use and are expected to create lasting impact.

“These projects are not just buildings. They are investments in governance, youth, and the future of Mangaluru,” said Rao.

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News Network
May 11,2025

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Palestinian Ministry of Health in Gaza has warned that around 1,500 citizens have lost their eyesight due to the war and another 4,000 are at risk of blindness because of severe shortages of medications and medical equipment.

The Palestinian Ministry of Health in a report on Sunday said that the eye care services in Gaza have been facing a catastrophic collapse because of the genocidal war.

“The health sector is witnessing a critical shortage of consumables and medical equipment for eye surgeries, which is leading to an almost total collapse of surgical services, particularly for retinal diseases and diabetic retinopathy with internal bleeding,” said Dr. Abdelsalam Sabah, director of Gaza’s Eye Hospital.

“The Eye Hospital currently has only 3 worn-out surgical scissors in use, which greatly increases risks to patients’ lives and prevents effective treatment,” he added.

The majority of eye injuries are caused by shrapnel from ordnance explosions and need medical materials such as Healon and fine sutures, which are almost impossible to find in the Strip due to the blockade.

Unless immediate and urgent intervention is made by relevant bodies and international organizations, the Eye Hospital will be unable to provide any surgical services in the near future.

The siege has forced hospitals and medical centers in Gaza to ration medications such as painkillers, provide less effective treatment, or turn patients away.

Hospitals and medical centers have run out of surgical supplies such as anesthetics, pediatric antibiotics, and medicines for chronic conditions.

Since March 18, when the Israeli regime broke its ceasefire agreement with Hamas, it has killed around 1,900 Palestinians and wounded several thousand more, most of whom are children and women. 

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News Network
May 2,2025

Mangaluru: Dakshina Kannada district has secured the top position in Karnataka in the SSLC (Class 10) results for the academic year 2024–25, with a pass percentage of 91.12%, as announced on Friday.

In the previous academic year (2023–24), the district had ranked second in the state with a higher pass percentage of 92.12%. Despite a 1% drop in the pass rate this year, the district has risen to the top position. In 2022–23, it had ranked 17th with 89.52%.

Deputy Director of Public Instruction (DDPI) Venkatesh S Patagar attributed the district’s improved rank to several focused initiatives. Among them were the timely completion of the syllabus by December 2024 and subject-wise special classes.

Special attention was given to slow learners through dedicated support classes. The department also organized fortnightly parent meetings to track students' academic progress.

To instill discipline and a consistent study routine, schools made regular wake-up calls to students in the mornings and evenings. Other initiatives included model question paper practice, the 'Jnana Sinchana' live YouTube series, online doubt-clearing sessions, and interactive radio phone-in programs.

Students were also encouraged to attempt the 'Vijayeebhava' question paper series, developed and published by the District Institute of Education and Training (DIET), Udupi.

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