Investors' meet from tomorrow

Investors' meet from tomorrow

The Udupi District Investors Meet-2016 will be organised at District Small Scale Industrial Department, Shivalli, Manipal, on January 30.

Speaking to media persons, District Small Scale Industrial Department Joint Director Ramanand Nayak said that there are nearly 68 proposed investments from the district worth Rs 14188.48 crore in the year 2016.

Out of the 157 industrial areas in the State, four industrial areas have been identified in the district. They are Shivalli, Nandikuru, Belapu and Meeyaru. There are three industrial estates in Karkala, Udupi and Koteshwara, he added.

Nayak said there are eight proposed projects in the category of 15 crore and above, 17 proposed projects in the category of 3 to 15 crore, 39 projects under the category of below Rs 3 crore and four tourism projects. The possibility of total employment generation is 7,381 in the district. The two major projects that are being envisaged is ISPRL and the extension of UPCL. Besides, there are two fish freezing units in the proposed project lists, he added.

He said women are now given a loan from Rs 5 lakh to 50 lakh at four per cent interest rate.

He said five medium scale industries, seven large industries, two mega industries are set up in the district. These industries include UPCL, Tebma Shipyard, Suzlon Infrastructures Limited and Robosoft. These industries have offered employment to 4,534 people.

There are 11,623 marginal, small scale and medium scale industries in the district. The investment made is Rs 92,501.29 lakh.The employment generation is 78,170. There are 3,116 small scale industries related to food and soft drinks, while there are 1,511 small scale industries related to cloth industries. There are 1,069 wood and wood product industries, he added.

The investors’ meet will be inaugurated by Syndicate Bank General Manger K T Rai.