Industry & Economy
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Economy
Karnataka plans district-level investors' meet
Our Bureau
Mangalore
,
Dec. 28
THE Karnataka Government is likely to conduct an investors' meet at the district level in the coming months.
The Karnataka Industry Minister, Mr P.G.R. Sindhia, told reportershere on Monday that the Government would conduct an investors' meet for three to four districts together. Though these meets will not be on the level of the earlier global investors' meets held at Bangalore and Karwar, they will help attract investments in the districts concerned.
It has been decided to conduct these meets at Mysore and Hubli in the initial phase. The first such meet is likely to be held in January, he said.
Asked about the progress in the investment proposals received in the earlier global investors' meet, he said, "The Government is following up those proposals." Mr Sindhia was here to inspect the work on the construction of the second runway at Mangalore Airport.
He said that the modernisation of Mangalore Airport has become necessary, following proposed investments by the Oil and Natural Gas Corporation and information technology companies in the region. The Union Government has released Rs 55 crore for upgrading the airport.
He said that adequate compensation would be paid to those who lose their land due to the expansion of airport. In all probability, Mangalore airport should be able to handle international flights by December 2006.
Officials at the airport informed the Minister that the new runway could handle aircraft such as Airbus 310.
Currently, the airport is handling only Boeing 737.
The Minister said that Rs 9.5 crore has been released for the acquisition of 200 acres of land at Ganjimath in Mangalore for the development of an IT park.
Originally, the land there was meant for the establishment of an Export Promotion Industrial Park.
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