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
January 9,2025

Mangaluru: Establishing a Beary Development Corporation is a valid demand, but its implications must be carefully studied, remarked Speaker UT Khader. He proposed forming an expert committee to evaluate the corporation’s potential impact on the Beary community during a district-level conference of the Beary-speaking community, organized by the Akhila Bharata Beary Mahasabha at Kudmul Ranga Rao Town Hall on Wednesday.

Khader expressed concerns over inefficiencies in existing government-established corporations, such as unfilled leadership positions, lack of appointed members, and insufficient funding. “The Beary Development Corporation must avoid similar pitfalls,” he emphasized. He noted that the Minorities Development Corporation already provides various schemes for Beary Muslims, urging a detailed assessment to ensure the new corporation’s funding does not fall short of current provisions, which could disadvantage the community.

Praising the industrious and self-respecting nature of the Beary community, Khader highlighted the respect Beary elders once commanded in villages. He encouraged the youth to uphold this legacy and actively contribute to the community’s progress. Additionally, he commended the Beary youth for their swift and dedicated responses during emergencies, which have garnered widespread recognition.

Khader underscored the importance of unity, cautioning against fostering divisions within the community. He also stressed the critical role of education in development, urging the maintenance of detailed records for SSLC and PUC students to track progress.

The event was presided over by Azeez Baikampadi, president of the Akhila Bharata Beary Mahasabha. Among the dignitaries present were former MLA Mohiudeen Bava and retired police officer GA Bawa. Dr. UT Ifikhar Ali Farid, honorary president of the Akhila Bharata Beary Mahasabha and chairman of the Karnataka State Allied and Healthcare Council, was felicitated during the program.

In notable initiatives, Kanachuru Monu, chairman of Kanachuru Medical College, unveiled the Mahasabha’s new website, while Sheikhabba Karnire of Expertise Company, Jubail, launched an IAS-IPS program aimed at empowering the Beary community.

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News Network
January 8,2025

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Mangaluru, Jan 8: The serene beaches near Kulai Jetty under the limits of Surathkal police station turned into a scene of tragedy on Wednesday, January 8, as a group of four close friends saw their day of joy morph into heartbreak. 

Three young men lost their lives in the unforgiving waves, while one narrowly escaped death, saved by the heroic efforts of local fishermen.

The victims have been identified as: 

M. S. Manjunath (31), son of Shivlingappa, hailing from Upparigenahalli, Chitradurga district.

Shivakumar (30) from Shivamogga district.

Satyavelu (30) from JP Nagar, Bengaluru.

The sole survivor, Parameshwara (30), from Hangarga, Bidar district, now carries the weight of a harrowing ordeal and the devastating loss of his three closest friends.

These young men, all students of AMC Engineering College in Bengaluru, had embarked on a trip meant to create memories of joy and camaraderie. Driving overnight from Bengaluru, they reached Mangaluru on Wednesday morning. After breakfast at a local eatery, the group decided to visit the picturesque Kulai Jetty, seeking solace and adventure in the sea.

But their joyful outing took a tragic turn. While playing in the water, the four were caught in strong currents. Despite the swift intervention of local fishermen, only Parameshwara could be rescued in time. The lifeless bodies of Manjunath, Shivakumar, and Satyavelu were later found on the right side of the jetty, their dreams and futures cruelly cut short.

The Surathkal police, alerted to the incident, promptly arrived at the scene and began their investigation. The bodies were transported to AJ Hospital for post-mortem examinations, leaving their families and friends to grapple with the enormity of their loss.

A case has been registered at Surathkal Police Station. This incident serves as a stark reminder of the unpredictable and dangerous nature of the sea, urging visitors to prioritize safety above all else.

What was meant to be a day of joy has left a void that can never be filled, as three grieving families now face the unbearable pain of losing their loved ones.

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News Network
December 30,2024

Mangaluru: Despite a reduction in the number of cybercrime cases in 2024 due to effective preventive measures and increased public awareness, the financial impact of cybercrimes in the Mangaluru Commissionerate was the highest this year. Over Rs 40.46 crore was lost, with Rs 9.32 crore frozen and Rs 2.55 crore released to the complainants, reported Commissioner of Police Anupam Agrawal.

Comparing years, the number of cybercrime cases at CEN Police Station decreased from 196 cases in 2023 to 72 cases in 2024. In total, CEN registered 313 cybercrime cases from 2022 to 2024, including 55 cases in 2022, 196 in 2023, and 62 in 2024. In contrast, other police stations reported 120 cybercrime cases during this period, with eight cases in 2022, 40 in 2023, and 72 in 2024.

The financial losses from cybercrimes in 2022 were Rs 61 lakh, with Rs 7 lakh frozen and Rs 6 lakh returned to victims. In 2023, the losses increased significantly, with Rs 9.83 crore lost, Rs 6.29 crore frozen, and Rs 1.17 crore released to complainants.

Cybercrimes were mainly investment frauds, accounting for 50% of the cases and around 75% of the total losses. A total of 67 cases of investment fraud led to a loss of Rs 30.3 crore in 2024. Other major cybercrime categories included digital arrest scams (25 cases, Rs 7.1 crore lost), job frauds (8 cases, Rs 1.2 crore lost), and matrimonial frauds (4 cases, Rs 60.4 lakh lost). Online shopping frauds resulted in Rs 5.9 lakh in losses from three cases, while share market frauds led to Rs 41.96 lakh in losses from five cases. Other frauds, including advertisement, KYC, and miscellaneous scams, caused additional losses.

The National Cyber Crime Reporting portal received 5,498 complaints, with 215 cases converted into FIRs. Arrests related to cybercrimes increased in 2023, particularly at other police stations. This year, 42 individuals were arrested for cybercrimes, with 15 from Karnataka and 27 from other states, including Kerala and Tamil Nadu.

To combat cybercrime, 217 awareness programs were held across Mangaluru, targeting various sections of society. These programs were organized at the Police Station, Beat, Sub-division, and Commissionerate levels, helping spread awareness and prevent future crimes.

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