Mysore awaits most green, cultural-friendly projects

Mysore awaits most green, cultural-friendly projects

Ayur valley, bio-fuel unit, culture training institute in the pipeline

Mysore awaits most green, cultural-friendly projects

If all goes well, Mysore will boast of ayur valley, bio-diesel production and culture training institute among many other projects in the pipeline in the coming years.

In an interactive meet organised by the Mysore Chamber of Commerce and Industry (MCCI) in association with District Industries Centre at Agricultural Marketing Training Institute, in the city on Thursday, the entrepreneurs who have expressed interest to launch projects at the estimated cost of Rs three crore and above stated that they are keen to make a start.

Former director of CFTRI V Prakash who is now the director of JSS Centre for Management Studies said, when Mysore is already  known for yoga and ayurveda, JSS Mahavidyapeetha intends to establish a dedicated valley that could conserve and promote the essence of very ingredients of the region.

Managing director of Labland Biotech Ltd., Sudheer Shetty gave a glimpse of jatropha cultivation that would produce 5,000 tonnes of bio-diesel. Shetty said when the city is consuming 185 tonnes of diesel everyday, the need of the hour is augmenting the production of bio-diesel. Explaining further, Shetty said an acre of jatropha cultivation yields one tonne of bio-diesel. In the first phase, the project envisages on cultivating hybrid jatropha seeds (as the lab has successfully done in the past) on 120 acres of land and process the same.

In the second phase, if the government provides 5,000 acres of land at least, it would be beneficial to produce bio-fuel in a bigger way.

H N Nagaraj, managing director of Chamundi Electrical Stampings informed that he has plans to  generate two MW to six MW of power and offering the same at Rs 3.50 per unit challenging Chamundeshwari Electricity Supply Corporation (Cesc) Limited and also Karnataka Power Transmission Corporation Limited (KPTCL) offering power at the rate of Rs six per unit.

L Savita from Kautilya Vidyalaya said the institute has plans for innovative centre named- Kautilya Innovations. It will be a multi-purpose education and culture training institute. Moreover, it will be the place for tourists to get a peek into the tradition and culture of the land after visiting the places of tourist interest. For the benefit of students, they can earn while learning, Savita added.

Earlier joint director of District Industries Centre M Shiva Shankar said during the global investors meet held in June in Bangalore, a  total of 712 projects assuring investment to the tune of Rs 7.30 lakh crore were signed. Prior to GIM a road show was conducted at Mysore Zonal Investors Meet (M-ZIM)  where 534 projects estimated at Rs 10,000 crore were inked.

Chairman of MCCI Sudhakar S Shetty said that the MCCI will act as a facilitator for the projects  arranging meetings with all the officials of Karnataka Udyog Mitra (KUM), DIC, banks and other financial institutions.

A total of Rs 13,144,000 crore of investment is promised in Mysore zone comprising Mysore, Chamarajanagar, Hassan and Mandya districts.  Among them, Mysore alone is investing Rs 10,000 crores. Allaying the fears over land, Shetty said Karnataka Industrial Areas Development Board (KIADB) has issued final notification for 2,750 acres of land.
Managing director of KUM Raghu Ram, MLC Siddaraju, additional director, MSME, Rangaramu, and assistant general manager of Canara Bank N S Nagaraj were present.