Mangaluru: Cost of site at ‘Plastic Park’ not affordable, say manufacturers; 39 entrepreneurs ready to set up units, claims Kateel

News Network
June 4, 2023

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Mangaluru: While the plastic park project, which is being set up by the Union ministry of chemicals and fertilisers at Ganjimutt in Mangaluru taluk is getting momentum, 

The Plastic Manufacturers Association has urged the government to reduce the cost of industrial plots at the plastic park project which is being set up by the Union ministry of chemicals and fertilisers at Ganjimutt in Mangaluru taluk. The price of the site is currently fixed at Rs 1.2 lakh per cent of land.

On the other hand, Dakshina Kannada MP Nalin Kumar Kateel, who visited the project site on Saturday, told reporters that the project will come up on 104 acres at a cost of Rs 62 crore. While infrastructure will be provided for 52 industrial plots, 39 entrepreneurs have shown interest in setting up units, he said. 

“The plastic park will have roads, a Central Institute of Petrochemicals Engineering & Technology (CIPET) Institute, separate hostels for men and women, guest house, cafeteria, warehouse, and water supply and sewage system. The funds allocated for the establishment of the plastic park includes Rs 31 crore from the central government and an equal amount from the Karnataka Industrial Area Development Board (KIADB),” he said.

The project will ensure job opportunities for locals, once the project is completed, Kateel said. “Many industries have already come forward to set up units in the plastic park. Works related to the development of infrastructure and buildings have already begun. The CIPET institute will provide all technical support and extend training for the manpower required in the industries. Plastic-based industries may start production at the park without any hassle. The plastic park is expected to attract investments to the tune of Rs 6,000 crore, and it will ensure jobs for 1,000 people directly, and more than 10,000 indirectly,” Kateel said, adding that a foundation stone laying ceremony will be held soon, and the work is expected to be completed within a year.

Canara Plastic Manufacturers Association president BA Nazeer said that the price of land should be reduced from Rs 1.2 lakh per cent to Rs 50,000. 

“The KIADB should reconsider the price of land fixed for industries, as Rs 1.2 lakh per cent is too costly, considering the value of land in the area. Further, the process of allotment of industrial plots should be done in Mangaluru, instead of Bengaluru,” he added. Meanwhile, Ganjimutt gram panchayat members demanded that separate land should be identified for waste management.
 

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News Network
October 25,2024

Udupi, Oct 25: A team of police from Udupi apprehended a Non-Resident Indian (NRI) at Kannur International Airport, Kerala, after he had been absconding overseas since 2019. 

Ashmath Ali (35) originally arrested on charges of recording a video of unnatural acts, had been out on bail granted by the second ACJ and JMFC court of Udupi on September 6, 2019.

Despite 18 arrest warrants issued in his name, Ali managed to evade authorities for years, frequently traveling abroad. 

Acting on a tip-off, sleuths from Kaup police station intercepted him as he landed at Kannur International Airport on October 21, marking the end of his prolonged evasion from Indian law enforcement. 

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News Network
October 22,2024

Mangaluru, Oct 22: A Mangaluru resident has fallen victim to a ₹20 lakh scam after being lured into a fraudulent investment scheme by individuals posing as representatives of J.P. Morgan India. The case, filed at Kadri police station, highlights the growing threat of investment fraud in the region.

The victim, whose identity has not been disclosed, was contacted on September 24 by a man named Vishwanathan, who falsely introduced himself as the Chief Investment Strategist for J.P. Morgan India. Shortly after, a woman named Neeta Sharma reached out, using multiple phone numbers to convince the victim of her association with the prestigious financial firm. She shared a company link and urged the victim to invest ₹20 lakh, promising high returns.

On October 14, after being convinced by Neeta's claims, the victim transferred ₹20 lakh to the fraudulent account. Following this, Neeta instructed the victim to purchase 1,000 shares at ₹240 per share, which he did. The next day, she advised buying 7,900 more shares at ₹250.95 each, further strengthening her false credibility.

However, trouble arose when Neeta told the victim to withdraw the invested amount. Instead of receiving the full sum, the victim was sent only ₹1,500, transferred from an unknown account. When questioned, Neeta could not provide a clear explanation for the discrepancies.

Sensing the deceit, the victim demanded a full refund of his investment. Neeta, however, brazenly asked for an additional ₹4 lakh, prompting the victim to realize the extent of the fraud. He then filed a formal complaint with the Kadri police.

This incident serves as a critical reminder for the public to remain vigilant against fraudulent schemes, particularly those involving investment promises from unverified sources. Always ensure that you verify the legitimacy of financial institutions and representatives before transferring funds. 

The Kadri police are investigating the case and have urged the public to stay alert and report any suspicious investment schemes.

Tips to Protect Yourself from Investment Scams:

1.    Verify Credentials: Always cross-check the credentials of anyone claiming to represent a reputable financial institution. Use official contact information from the company's website to verify.

2.    Be Skeptical of Unsolicited Offers: Be cautious of unexpected investment offers, especially those that promise unusually high returns.

3.    Conduct Thorough Research: Before investing, investigate the company and the proposed investment thoroughly. Look for reviews, ratings, and any red flags.

4.    Report Suspicious Activity: If you suspect a scam, report it immediately to local authorities or financial regulatory bodies to prevent further fraud.

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News Network
October 22,2024

Bengaluru, Oct 22: Torrential rains wreaked havoc in Karnataka’s capital on Monday night, leading to significant flight disruptions at Kempegowda International Airport (KIA). According to airport authorities, over 20 flights were delayed due to the downpour, as reported by ANI.

Among the diversions were an Air India flight from Delhi and three IndiGo flights from Delhi, Hyderabad, and Chandigarh, all rerouted to Chennai. A Thai Lion Air flight from Thailand also had to be diverted to Chennai amid the heavy rainfall.

After western Bengaluru bore the brunt of Sunday’s rains, it was the northern, southeastern, and eastern parts of the city that were pounded by intense thundershowers on Monday. Rainfall across the city varied from light to very heavy, leaving many areas waterlogged.

By 11 PM, Sahakaranagar and Yelahanka in northern Bengaluru had received 154.4 mm and 110 mm of rainfall, respectively, according to data from Weather Union, a platform for crowd-sourced weather information. Other areas that saw heavy downpours included Devanahalli and Koramangala (88.2 mm each), HSR Layout (81.6 mm), and BEL Road (70.4 mm).

While RR Nagar, the most affected neighborhood on Sunday, saw a significant drop with only 19.4 mm of rainfall on Monday evening, other areas faced relentless showers. HAL airport recorded 42.3 mm of rain until 8:30 PM, with a monthly total of 228.5 mm, far exceeding the normal average of 177.3 mm.

Kempegowda International Airport recorded 105 mm of rainfall, while GKVK saw 21.2 mm as rains intensified late into the night, leaving northern and eastern Bengaluru grappling with the aftermath.

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