Bangalore - Annual Global Investors Meet

[avinash2060]

he Global Investors Meet (GIM), expected to bring in Rs 5 trillion (Rs 5 lakh crore) to Karnataka in the next four-five years, began here on Thursday with the state rolling out a red carpet to global firms and India Inc.

A galaxy of big ticket investors led by ArcelorMittal founder Lakshmi N. Mittal is attending the meet, inaugurated by Bharatiya Janata Party leader and leader of opposition in the Rajya Sabha Arun Jaitley. Other leading industrialists at the two-day meet included Aditya Birla Group Head Kumaramangalam Birla, ESSAR Group Chairman Sashi Ruia, UB Group Chief Vijay Mallya, Former Confedration of Indian Industries President Venu Srinivasan, Infosys CEO Kris Gopalakrishnan and Wipro Chairman Azim Premji, Baba Kalyani of Bharat Forge, Sajjan Jindal of JSW steels.

In his brief address, Jaitley said there was competition for investment not only among the states in India but among countries. "Investments will have to return reasonable profit without which no investor will come forward. Profit will lead to revenue to the state and resources to invest in social sector for the benefit of the underprivileged," he said.

Praising the Karnataka government for organising the GIM, Jaitley said: "Karnataka has probably one of the best human resources in the country. It has reasonable infrastructure which should be converted into world standards." Law minister M. Veerppa Moily inaugurated an exhibition on GIM's theme "Advantage Karnataka - One State, Many Opportunities".

The exhibition, covering about 20,000 sq ft, will showcase the multiple advantages, incentives, tax reliefs and pro-industry policies of the state government, including single-window clearance, land bank and other facilities for speedy execution of projects. He said his ministry was working on plan to make India the number one hub of international arbitration.

Chief Minister B S Yeddyurappa had some good news for the power-starved state and also potential investors. "This morning Udupi thermal power plant has started generating 55 MW of power and by this month end it will go up to 600 MW." Udupi is about 400 kms from Bangalore city. Food processing industries minister Subodh Kant Sahai released sector and district-wise profile of the state giving details of the infrastructure and resources available for various industries in different parts of the state.

Former ISRO chairman K. Kasturirangan launched an interactive website providing information on investment opportunities and to settle grievances online. The GIM, twice postponed - once in view of the global economic slow down and second time following devastating flood in Oct-Nov last year in large parts of north Karnataka, has been inspired by the success of Gujarat in snapping up Rs.7 lakh crore (Rs.7 trillion) investments in 2009.

In the run-up to the mega event, the state government has approved investment proposals worth Rs 3.36 trillion (Rs 336,185 crore), with iron and steel sector taking the lion's share of Rs 2.20 lakh crore (Rs 2.2 trillion), followed by power (Rs 79, 140 crore), IT/BT (Rs 19, 188 crore) and cement (Rs 17, 857 crore). The first GIM was held in 2000 and the then Congress government had attracted global investments worth Rs 27,000 crore (Rs 270 billion).

Besides the core infrastructure sector, the state government is confident of getting assured investments in aerospace and automobile, agro and food processing and tourism sectors. The state industries department and the Karnataka Udyog Mitra have organized the meet in association with the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) as associate partners.
source:http://www.deccanherald.com/content/...bangalore.html

[avinash2060]

BANGALORE, JUNE 2: Karnataka’s Information Technology and Biotechnology Department will sign Memorandum of Understandings (MoUs) for 55 projects involving an investment of Rs 12,353 crore during the two-day Global Investors’ Meet being held in Bangalore on June 3 and 4 .

MoUs in respect of BT projects with an investment potential of Rs 1,353 crore would be signed during the seminar on BT while MoUs for IT projects would be signed on Friday to bring investment of Rs 11,000 crore, according to Karnataka’s IT, BT and Housing Minister Katta Subramanya Naidu.

Several IT majors such as Infosys Technologies Limited (Rs 700 crore), Wipro Technologies (Rs 477 crore), Manyata (Rs 2002 crore), Bhuvana Comforts (Rs 390 crore), DM Estates (Rs 336.28 crore),
Prestige Estate Projects (Rs 600 crore), ETL Infrastructure Services Limited (Rs 993 crore), L&T (Rs 615 crore), Chandra Developers Limited (Rs 459.98 crore), Tata Elexi Ltd (Rs 486 crore), Silver Jem
Energy Diodes Limited (Rs 250 crore), Nandan Biomatrix Limited (Rs 96 crore), and Xchanging Cambridge Solutions Limited (Rs 50 crore) would enter into MoUs with the government during GIM.

The Minister said the Government has decided to set up one BT Finishing School each in Bangalore and Manipal.

The Life Sciences and Engineering of C D Sagar Centre, Bangalore and Manipal Life Sciences Centre, Manipal University, would set up schools in Bangalore and Manipal, respectively. The agreements would be signed on Thursday, he said.

With employment potential among the BT graduates was just 40 %, the Biotech Policy envisaged setting up of 10 BT finishing schools with government’s support of Rs 1 crore per school. Such schools are expected to provide jobs skills to graduates/post graduates. The policy also provided for setting up of Bio Venture Fund of Rs 50 crore with 26 % equity participation by the State government, he said.

MoUs would also be signed with Bangalore Helix for a Rs 250 crore project nand Nutri-Nutraceuitcal and Phyto-Pharmaceuitcal Park (BT park) for a Rs 200 crore project, Naidu said.

The Vision Group on BT headed by Bicon CMD Kiran Mazumdar Shaw has recommended setting up of sector specific parks in tier II and III cities.

Accordingly, the government has decided to set up Neuti-Neutraceuitcal Park in Mysore, Phyto-Pharmaceutical Park in Mysore, Marine Biotech Park in Mangalore, Agri-tech Park in Dharwad, and Animal House in Bidar.

The department has initiated the process for selection of private partners for development of these parks. The selection process was in the final stages for the BT Park in Bangalore, he said.

KEONICS, a government undertaking, is entrusted with the job of developing IT parks in Mysore, Mangalore, Shimoga and Gulbarga.

An MoU would be signed for developing the IT Park at Shimoga with the investment of Rs 500 croer during the GIM. Xchanging Technology Services Limited, US, would be setting up their operations in six acres in Shimoga, he said.

Naidu said steps have been taken for opening of 20 Rural BPOs in different parts of the state. Already 10 BPOs have been functioning in different parts of the State. The government was committed to establish 100 rural BPOs to provide employment to 10,000 youth, he said.
source:http://www.daijiworld.com/news/news_...estment+at+GIM

[avinash2060]

NDTV Correspondent, June 3, 2010

Global Investors Meet kicked off on Thursday in Bangalore. Organised by the Karnataka Government to showcase the state and woo in investment, the event played host to top industrialists as the Global Investors Summit got underway. In the two-day event, 400 MoUs are expected to be signed for proposed investments worth Rs 5 lakh crore over the next couple of days.

Speaking at the meet, ArcleorMittal chairman LN Mittal said on Thursday that the company is committed to bring operational presence in India while he expressed satisfaction over the progress of its Karnataka project. Mittal said that he would continue to move ahead with investment plans in Karnataka.

Aditya Birla Group Head Kumar Mangalam Birla said that the group is planning to invest Rs 8,500 crore in Karnataka projects.

Essar group said that it would sign MoUs for steel and power plants in Karnataka. It is planning to set up steel plant in the state at an estimated cost of Rs 22,000 crore. It is also looking to set up a gas-based power plant at a cost of Rs11,000 crore.

IT major Infosys said that it is looking to set up a new Bangalore centre at a cost of Rs 2,250 crore.

Gas major GAIL said that it looking to invest Rs 3000 crore this year in Karnataka to lay two pipelines to Bangalore, one from Dabhol and the other one from Kochi.


Read more at: http://beta.profit.ndtv.com/news/sho...-meet-68745?cp
source:http://beta.profit.ndtv.com/news/sho...aka-meet-68745

[avinash2060]

May 25: Mining baron turned minister G Janardhan Reddy , who is hoping to transform the mineral rich district of Bellary into a major steel hub of the country , is looking at the soon to be held Global Investors' Meet (GIM) to pave the way. He exuded confidence on Tuesday that Bellary would corner a major chunk of the Rs 2 lakh crore investment expected to pour into the state during the event slated for June 3 and 4 in Bengaluru

The minister felt Bellary was bound to be on the radar of biggies like ArcelorMittal and South Korean steel major Posco and the country's own JSW Steel would expand its capacity from 6.8 million tonnes to 16 million tonnes per annum in a couple of years in the district. To make sure that investor interest remained high in Bellary the newly formed Vijayanagar Area Development Authority (VADA), covering the Bellary-Sandur-Hospet mining belt, would act as a single window agency to allow companies easier access to land, water and power in the district, he explained.

Mr Reddy, who is setting up his own plant, Brahmini Steels in Kadappa, Andhra Pradesh, announced he planned to set up a steel plant in Bellary district as well to do his bit for its development as a steel hub.
Meanwhile, industry sources said Posco was trying to secure iron ore mining licences before zeroing in on the site for its proposed integrated steel plant in the state. The company is expected to pump in Rs 32,300 crore to establish a steel manufacturing facility producing 6 million tonnes per annum (mtpa) in Karnataka while ArcelorMittal is supposedly planning to invest Rs 30,000 crore on a similar capacity plant on 4,900 acres in Kudithini village, where land has already been notified for its benefit by the government. The company is said to have deposited Rs 208 crore with the authorities for the required land.

Dr Vinod Nowal, director and CEO, JSW Steel maintained that all existing steel plants should be assured 30 years' supply of iron ore from the existing reserves to be able to carry on their operations without interruption. “Sanctioning of steel plants without taking into account the long term availability of their iron ore resources is too risky,” he added.
source:http://www.deccanchronicle.com/benga...-hub-reddy-948

[avinash2060]

Bangalore: The city is fast emerging as the hub of biotechnology (BT) in the country. And with greater international interest in the development of the industry in India, is it any wonder that the ‘Bangalore India Bio 2010’, scheduled to be held from June 2 to 4, has evoked such an enthusiastic response from participants across the world
Participants at the event will be drawn from over 18 countries. Over 750 delegates, representing more than 400 companies, will be present. The event is expected to attract about 5,000 business visitors.

According to Ashok Kumar C Manoli, principal secretary, department of information technology, biotechnology and science& technology, the event had been planned to coincide with Global Investors’ Meet (GIM), which will be held on Palace Grounds on June 3 and 4. “We are also organising a special session at the GIM focusing on the biotech landscape and investment opportunity for biotech in Karnataka,” he said.

With a view to promoting tier II and tier III cities, five biotech parks have been planned across the state. A nutri-nutraceuticals and a phyto-pharmaceuticals park are planned in Mysore, a marine biotech park will come up in Mangalore; an agri-biotech park has been planned in Dharwad, and a vivarium park in Bidar. Partners for all these parks are expected to be announced during the GIM.
This is the 10th time that the event is being organised in the city.

The three-day programme will comprise an exhibition, a multi-track conference, a conclave for CEOs, the announcement of awards for excellence in the biotechnology field, and different contests. The event is jointly organised by the department of IT, biotechnology, science and technology, the government of Karnataka and the government’s vision group on biotechnology
Kiran Mazumdar-Shaw, CMD, Biocon said, “India has become a strategic destination for the biotech industry, and has begun to attract global attention especially in the field of clinical trials, contract research and manufacturing. That is why there is such a large international presence at the event this year.”

Shaw, also chairperson of the Karnataka vision group on biotechnology and science & technology said that the event this year will find a diverse range of participants. Delegates will arrive from the European Business and Technology Centre (EBTC), Canada, Germany, UK, Italy, Spain, Belgium, Israel, Australia, South Africa, China and Egypt.

To create a bridge between education and employment in this sector, finishing schools have been started to coach students in the needs of the industry, said Shaw. However, she added that to maintain the standards at such institutes, there is need for proper accreditation. “We have already put forward a format for the accreditation purpose,” she said.

The city has emerged as the key site for the development of the biotechnology sector in the country, said Shaw.
source:http://www.dnaindia.com/bangalore/re...-forte_1387899

[avinash2060]

Karnataka’s day with investors has finally arrived. Bangalore Palace appeared resplendent after being spruced up to host the two-day Global Investors’ Meet, bearing the theme ‘Advantage Karnataka’, that will begin on Thursday.

Receptionists prepare to welcome delegates to the Global Investors’ Meet at the Palace Grounds in Bangalore on Wednesday. DH photo/Kishor Kumar BolarThe State government, which is anticipating nearly Rs 4 lakh crore in investments in various sectors, is all set to flaunt its strength in an effort to convince global business leaders that investing in Karnataka would indeed be advantageous. It is hopeful that the meet would help rake in at least 60 per cent of the projected target.

Business magnates

Some of the top names in business –– Lakshmi N Mittal of ArcelorMittal, Kumar Mangalam Birla of Aditya Birla Group, Shashi Ruia of Essar Group, Azim Premji of Wipro, Vijay Mallya of UB Group and Kris Gopalakrishnan of Infosys –– are scheduled to take part as chief guests in the conclave’s inaugural function. JSW Steels managing director Sajjan Jindal will skip the meet though he has been invited as one of the chief guests.

A gathering of such proportions is being organised after a span of 10 years. The last Global Investors’ Meet was held in 2000, when S M Krishna was chief minister. At that time, the government had aimed at tapping an investment of Rs 27,700 crore, of which Rs 13,000 crore was realised.

Senior BJP leader and leader of the Opposition in the Rajya Sabha Arun Jaitley is scheduled to inaugurate the event at 10.30 am. Subsequently, Union Law Minister M Veerappa Moily will throw open the exhibition showcasing the State’s investment potential to the industry captains. Planning Commission member Dr K Kasturirangan will launch an interactive website.

As many as 2,500 business leaders, including those from Reliance, Shell, Lafarge, Tata Elexi, Videcon Group, Bharat Forge, GMR, Surya Roshini, Hinduja Group, GVK Group, Toyota Kirloskar Motor, Jaypee Group, Bhushan Steels and Volvo India, are expected to be present. Delegates from the US, the UK, France, Germany, Singapore, China, South Korea and Australia have already arrived in the City.

The government has set itself two goals — attracting more investors and formally launch projects that have already been finalised. It has identified 12 key sectors –– aerospace, minerals, tourism, biotechnology, automobile, IT, infrastructure, power, food processing, textile, health and education –– where it seeks to woo fresh investments.

Ministers, along with their department heads, are scheduled to conduct 15-minute sessions on their respective sectors.

Through these sessions, efforts will be made to apprise industry representatives of the investment climate and clarify questions. These sessions are spread across both days, and four halls, with a capacity of 400 people each, have been set up exclusively for this purpose. Besides, a main hall with a capacity of accommodating 3,000 people has been set up for the inaugural and concluding events.

As many as 400 MoUs are likely to be inked, including a Rs 30,000-crore steel plant by the biggest steel manufacturer, ArcelorMittal. An upbeat State government has decided to receive fresh project proposals till 12 noon of June 4 and sign MoUs, if possible.
It has also decided to roll out special incentives and packages to ‘big’ investors. A Cabinet empowered committee headed by Chief Minister B S Yeddyurappa has been set up to look into investors’ requests in this regard. This apart, the government has established a co-ordination committee headed by the Commerce and Industries principal secretary to interpret the industrial policy on providing special incentives.

Interestingly, though many of these projects were cleared by the Yeddyurappa-headed high-level clearance committee a long time ago, the signing of an MoU has remained pending.

Unlike in the past, a majority of the proposed projects are coming up outside Bangalore in tier-II and tier-III cities. The government has restricted Bangalore for aerospace and high-end IT only. Of the expected investments, the manufacturing sector, especially iron and steel, has the lion’s share.
source:http://www.deccanherald.com/content/...investors.html

[gentem]

Originally Posted by avinash2060

he Global Investors Meet (GIM), expected to bring in Rs 5 trillion (Rs 5 lakh crore) to Karnataka in the next four-five years, began here on Thursday with the state rolling out a red carpet to global firms and India Inc.
...
Former ISRO chairman K. Kasturirangan launched an interactive website providing information on investment opportunities and to settle grievances online. The GIM, twice postponed - once in view of the global economic slow down and second time following devastating flood in Oct-Nov last year in large parts of north Karnataka, has been inspired by the success of Gujarat in snapping up Rs.7 lakh crore (Rs.7 trillion) investments in 2009.

In the run-up to the mega event, the state government has approved investment proposals worth Rs 3.36 trillion (Rs 336,185 crore), with iron and steel sector taking the lion's share of Rs 2.20 lakh crore (Rs 2.2 trillion), followed by power (Rs 79, 140 crore), IT/BT (Rs 19, 188 crore) and cement (Rs 17, 857 crore). The first GIM was held in 2000 and the then Congress government had attracted global investments worth Rs 27,000 crore (Rs 270 billion).

Besides the core infrastructure sector, the state government is confident of getting assured investments in aerospace and automobile, agro and food processing and tourism sectors. The state industries department and the Karnataka Udyog Mitra have organized the meet in association with the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) as associate partners.
source:http://www.deccanherald.com/content/...bangalore.html

we only have 3.5 lakh crore that is half of gujarat. These are only MoUs - some projects may not take off after all

Originally Posted by avinash2060

May 25: Mining baron turned minister G Janardhan Reddy , who is hoping to transform the mineral rich district of Bellary into a major steel hub of the country , is looking at the soon to be held Global Investors' Meet (GIM) to pave the way. He exuded confidence on Tuesday that Bellary would corner a major chunk of the Rs 2 lakh crore investment expected to pour into the state during the event slated for June 3 and 4 in Bengaluru

Mr Reddy, who is setting up his own plant, Brahmini Steels in Kadappa, Andhra Pradesh, announced he planned to set up a steel plant in Bellary district as well to do his bit for its development as a steel hub.
Meanwhile, industry sources said Posco was trying to secure iron ore mining licences before zeroing in on the site for its proposed integrated steel plant in the state. The company is expected to pump in Rs 32,300 crore to establish a steel manufacturing facility producing 6 million tonnes per annum (mtpa) in Karnataka while ArcelorMittal is supposedly planning to invest Rs 30,000 crore on a similar capacity plant on 4,900 acres in Kudithini village, where land has already been notified for its benefit by the government. The company is said to have deposited Rs 208 crore with the authorities for the required land.

source:http://www.deccanchronicle.com/benga...-hub-reddy-948

planned?? castles in the air..

[NParry]

There's only a 50% actualization rate for any MOUs between the public and private sectors. Employment generation will also be less than half of projected figures, but I guess all of this makes for good press.

[think-tank]

Originally Posted by NParry

There's only a 50% actualization rate for any MOUs between the public and private sectors. Employment generation will also be less than half of projected figures, but I guess all of this makes for good press.

Right, the expert has spoken

Just remember, it won't be like last time.

[avinash2060]

Bangalore: June 3, DHNS:


Lauding Karnataka’s proactive measures to encourage industries and for its multi-sectoral development, ArcelorMittal Chief Lakshmi Mittal on Thursday said the State is one of the most preferred destinations in the country, and that it has huge potential of moving forward.

Aditya Birla Group’s Kumaramangalam Birla, Infosys CMD Kris Gopalakrishnan, Wipro’s Azim Premji and Essar Group’s Shashi Ruia echoed Mittal’s sentiments as they hailed the State for its supportive policy measures.

While Birla spoke of incentives and concessions given by the government, Premji and Gopalakrishnan pointed out the ability of the State in creating top quality talent and Ruia followed suit.

Pointing out that the State is blessed with tremendously skilled manpower making it the knowledge hub of India, Mittal said: “The role of the government in creating such talent pools, in allocating and utilising resources and in laying emphasis on development of infrastructure, education and other essentials is truly commendable,” adding that the State, therefore is poised for big ticket growth in the coming years.

In tandem with his observation, Birla said the progressive attitude of the government, its rich resources and talent pool, infrastructure et al, make Karnataka a leading industrial State in the country today. He said his Group has a total of Rs 5,000 crore investment in the State and that they are planning to raise it to over Rs 8,500 crore in the next three years.

Of that investment, Rs 3,500 crore would go into a 4.5 million-tonne cement plant while the rest in a phased manner into their speciality alumina, financial business and retail where they will add another 150 stores and four hypermarkets in the State.
“Karnataka represents a fine example of what our country can achieve when there is a fusion of entrepreneurial energy with sound, competent and forward looking governance,” Birla said during his inaugural speech at the GIM.

Ruia said the congregation of such a galaxy of investors from across the globe is an ample proof of the potential that Karnataka offers for investments.
DH News Service
source:http://www.deccanherald.com/content/...karnataka.html

[avinash2060]

THUMBS UP FROM INDUSTRY CAPTAINS
Our Karnataka project on fast track: ArcelorMittal
Steel Major Open To Sourcing Iron Ore From Third Party Suppliers
Our Bureau BANGALORE


THE world’s largest steel producer, Arcelor-Mittal, buoyed by the positive response of the Karnataka government for its mega plant in the state, expects its project to come up much faster than the other states where it has similar plans. ArcelorMittal, which signed a memorandum of understanding (MoU) with the Karnataka government on Thursday for a six million tonne steel plant for Rs 30,000 crore has already got the allocation of water.
Addressing mediapersons, ArcelorMittal chairman Lakshmi N Mittal said, “The signs are encouraging (state government) and hope to make faster progress here when compared to the other states.”
ArcelorMittal has plans of putting up similar mega steel plants in Orissa and Jharkhand, but the project has been bogged down by various issues such as land acquisition and protests.
“There are lot of issues in terms of land, forest & government clearances and there are lot of milestones to be achieved,” Mr Mittal said.
On the contentious issue of getting a captive iron ore mining lease in Karnataka, Mr Mittal said that they were confident of getting one in state as the progress has already been made in terms of putting in their application.
However, a senior official of ArcelorMittal said that they would also be open to sourcing the iron ore from third party suppliers also.
The Karnataka government has stopped the issue of any fresh mining lease for iron ore for the last two years and only recently have they invited for fresh applications. The issue of mining leases has been further complicated with some of the key ministers in the current BJP-led government in Karnataka accused of illegal mining. ArcelorMittal expects its plants to be operational in Bellary in 36 months if it manages to receive all the clearances. It has already deposited Rs 260 crore with the government for the land acquisition. “We have received positive support from the state government and it has taken only six months for them to make the land allocation, demonstrating the strong commitment for our project,” Mr Mittal said.
The state government as part of its new industrial policy has proposed to provide mining leases to only those entities which will be engaged in value addition of the iron ore namely in the making of steel products.
From left) Karnataka chief minister B S Yeddyurappa with industry leaders L N Mittal, Azim Premji, Kumar Mangalam Birla, Vijay Mallya, Shashi Ruia and Kris Gopalakrishnan, during the inauguration of the Global Investors Meet in Bangalore on Thursday. —ET

[avinash2060]

[engineer.akash]

QuEST, Indo Schottle sign MoU

Bangalore, June 3, dhns:

Global aerospace engineering and manufacturing major, QuEST Global on Thursday signed a MoU (Memorandum of Understanding) with Indo Schottle to set up a new dedicated facility in the QuEST Global SEZ , Belgaum to manufacture and export engine parts and hydraulic components.


Indo Schottle, primarily an automotive major, will be investing Rs 20 crore initially in Quest Global SEZ to mark its entry into the aerospace manufacturing sector. Aravind Melligeri, chairman and co-founder, QuEST Global, said, “By signing of this MoU, we will build an ecosystem of qualified suppliers to meet supply chain needs for the global aerospace OEM's and Tier-1's.”

DHNS
Good to hear that Belgaum My hometown has received quite significant proposals hope to see atleast 50% materialize...

[engineer.akash]

GAIL to take up Rs 6k cr pipeline
Bangalore, June 3, dhns:

Gas Authority of India (GAIL) is investing Rs 6,000 crore for two gas pipeline passing through the state.


The pipeline is to carry natural gas from Dabhol (Maharashtra) to Bangalore.
The authority is implementing two gas pipeline projects, passing through Karnataka. The state would get pipeline of about 1,300 km length.GAIL is the largest gas transmission and marketing company in the country.

GAIL Chairman and Managing Director B C Tripathi, told reporters that the projects would begin by the end of 2010. The pipeline would pass through countryside. The first phase of the Dabhol-Bangalore pipeline connects Dabhol to KPCL in Bidadi. In the second phase 417 km of feeder lines to Bijapur, Dharwad, Davangere, Harihar and Tumkur would be laid. The Kochi-Koddanad-Bangalore-Mangalore pipeline requires the total investment of Rs 3,300 crore.

DHNSIt will pass through Namma Belgaum

[engineer.akash]

Steel industries are queuing up but what about the water and Mining leases???

[avinash2060]

Court Asks Infra Secy To Consider Trust’s Concerns
TIMES NEWS NETWORK

Bangalore: The high court on Thursday directed principal secretary to infrastructure development department to consider the representation filed by Samarpana Trust within two months, regarding the proposed High Speed Rail Link (HSRL) Project to BIA.
The division bench headed by Justice V G Sabhahit passed this order after hearing the petitioner counsel who termed the proposed project as contrary to the decision of the high court and Supreme Court.
The Trust had given a representation to the infrastructure development department on April 22 about the problems that public will have to face due to the project.
“The authorities have been going ahead with the project in acquiring land in and around Hebbal Lake for the station. It will affect the water body. Bangalore has lost 500 lakes due to development works. The city once had 937 lakes covering about 25,000 acres and many have been lost due to urbanization, encroachments. The Lake Development Authority has failed in its duty to preserve the existing lakes. The plan to construct HSRL-Hebbal station around Hebbal lake will destroy the water body,” said counsel for the petitioners, G R Mohan.
The Trust claimed that in executing the HSRL project to BIAL from MG Road, authorities failed to take the cost factor into account. This, they feel, will have a bearing on tax payers’ money.
GUV’S OFFICE TO GIVE DOCUMENTS
The governor’s secretariat will provide copies of letters expressing unconditional support to chief minister B S Yeddyurappa and also supporting affidavits given by JD(S) and BJP MLAs to the then Governor in November 2007.
Appearing before Justice Rammohan Reddy on Thursday, advocate general Ashok Haranahalli said they’ll provide the copies within four weeks and it should not be treated as a precedent.
Based on this submission, the judge disposed of the petition filed by the governor’s secretariat challenging the state chief information officer’s order dated May 28, 2008 which had asked them to provide these copies within 15 days.
Advocate M K Vijayakumar had filed an application seeking these copies under RTI Act, 2005. The governor’s office had contended that they are exempted under RTI as they come under constitutional post.
NEW BENCH TO HEAR KSCA PLEA
A petition filed by KSCA, challenging the acquisition of a portion of their land for the Bangalore Metro project, will now be heard by another bench as Justice Mohanashantanagoudar before whom it came for hearing expressed his inability citing that he is a member of the association. The court had stayed further construction by way of an interim order passed on February 6. The order is still continuing.
RS 1 LAKH COSTS IMPOSED
A division bench headed by Justice D V Shylendra Kumar on Thursday imposed hefty costs of Rs 1 lakh on Electronic Research Limited, a company involved in production of TV sets and other related products for delaying their Regular First Appeal (RFA) case for 10 years. The bench also dismissed the appeal. The court was not happy when a junior counsel appeared in court and sought more time. The company had filed an appeal seeking refund of Rs 3.88 cr they had paid second time as customs duty.
The civil court had dismissed their plea in 1999 itself.
CJ STAYS AWAY
Chief Justice P D Dinakaran did not conduct sitting on Thursday. On Wednesday, the Advocates Association of Bangalore had clearly said no when the CJ sought their views in this aspect in the light of representation given by former association president K N Subba Reddy and others.
War memorial verdict today
Bangalore: The verdict on the contentious war memorial issue will be out on Friday. The high court division bench Justice Manjula Chellur and Justice Mohanashantanagoudar are expected to pronounce the verdict.
The petitioners, the Krishna Apartment Owners Association, have claimed that the construction of the 1,000 square metre war memorial named “Motivation Hall” in the park next to Raj Bhavan contravenes the Government Parks Preservation Act, 1975, as it comes under Cubbon Park.
However the authorities claimed that the building will be an underground construction and there will be no damage to the ecology. TNN
source:http://epaper.timesofindia.com/Defau...Mode=HTML&GZ=T

[gentem]

Originally Posted by engineer.akash

Steel industries are queuing up but what about the water and Mining leases???

I dont think all those will materialise. Govt is signing MoUs to make GIM a success indeed 2 or max 3 steel plants is enough.
Andhra is better option as more water is available there. Brahmani of reddys already building plant in Kadapa, i dont think they will make one in bellary - signing MoU for the sake of it

[avinash2060]

Originally Posted by gentem

I dont think all those will materialise. Govt is signing MoUs to make GIM a success indeed 2 or max 3 steel plants is enough.
Andhra is better option as more water is available there. Brahmani of reddys already building plant in Kadapa, i dont think they will make one in bellary - signing MoU for the sake of it

you may be from Andhra Pradesh, but Reality is Andra Pradesh is stuck by a CIvil War property prices are falling only a fool wud Invest there,Karnataka has more conducive Environment which is peaceful and where skilled Man Power is easily Available,Karnataka and Kannadigas are known for their Hospitality

[think-tank]

List of MoUs: http://www.advantagekarnataka.com/pd...auguration.doc signed on innaguration.

[gentem]

long live cntr+C cntr+v

F I L E S

Sl.

No.

Name of the Company

Profile of the project

01.
Arcelor Mittal Limited
§ Proposed investment - Rs.30,000 crores.
§ Project Details - To set up 6 million TPA Integrated Steel plant and 750 MW Power Generation.

§ Location - Bellary District.
§ Employment Generation - 10,000
§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –


02.
Rajashree Cements
§ Proposed investment - Rs.3000 crores.

§ Project Details - To enhance production capacity of cement plant from 4.20 million TPA to 8.45 million TPA & captive power plant from 58.5 MW to 188.5 MW.

§ Location - Malkhed Road, Adithya Nagar, Sedam/Chittapur Taluk, Gulbarga District.

§ Employment Generation – 400.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –


03.
Wipro Limited
§ Proposed investment - Rs.537 crores.

§ Project Details – To set up a Soft Development Centre and Employees Residential facility

§ Location - Sy. No.91/1.98 and 99 of Kodathi Village, Sarjapur Main Road, Bangalore

§ Employment Generation – 25,000

§ Signatory to MOU from Govt - Principal Secretary, IT/BT Department.

§ Signatory to MOU from company –



04.
United Breweries Limited
§ Proposed investment - Rs.45 crores.

§ Project Details – To manufacture “Beer” .

Location - .at Various Sy.Nos.of Thoremavu and Himmavu Villages, Nanjangud Taluk,Mysore District.

§ Employment Generation –

§ Signatory to MOU from Govt – Commissioner for Industries & Commerce.

§ Signatory to MOU from company –




05
(a) JSW Steel Limited
§ Proposed investment - Rs.15,131.70 crores.

§ Project Details – To enhance installed capacity of Integrated Steel Plant from 10 MTPA to 16 MTPA & to set up 600 MW Captive Power Plant.

§ Location - Toranagallu Village, Sandur Taluk, Bellary District.

§ Employment Generation – 6000.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –

(b) Jindal Saw Limited
§ Proposed investment - Rs.130.88 crores.

§ Project Details – To set up steel pipes and coating plant .

§ Location - Sultanpur Village, Sandur Taluk, Bellary District.

§ Employment Generation – 400.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –








(c) JSW Severfiled Structures Limited
§ Proposed investment - Rs.234 crores.

§ Project Details – To set up facricated structural products of Iron & Steel (except rolling shutters).

§ Location - Toranagallu Village, Sandur Taluk, Bellary District.

§ Employment Generation – 500.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –



06.
Hazira Steel Limited
§ Proposed investment - Rs.17,760 crores.

§ Project Details – To establish Carbon Steel Products – 6 MTPA Capacity.

§ Location - Mannikatti /Kriesur/Bhagwati Villages of Bagalkot Taluk, Bagalkot District.

§ Employment Generation – 9,675.

§ Signatory to MOU from Govt – Commissioner for Industries and Commerce. .

§ Signatory to MOU from company –





07.
Infosys Technologies Limited
§ Proposed investment - Rs.2,250 crores.

§ Project Details – To setup Software Devleopment Centre.

§ Location - Sarjapura Road, Bangalore

§ Employment Generation – 18,000.

§ Signatory to MOU from Govt – Principal Secretary,IT,BT and S&T Department.

§ Signatory to MOU from company –


08.
Narayana Hrudayalaya Pvt. Ltd.
§ Proposed investment - Rs.990 crores.

§ Project Details – To set up 5000 Bed Super Speciality Hospital, Star Category Hotel and Service Apartments.

§ Location - KIADB Industrial Area, Near Bangalore International Airport (Singahalli, Bandikodigehalli & Bagalur), Bangalore North Taluk, Bangalore District.

§ Employment Generation – 14,600

§ Signatory to MOU from Govt – Principal Secretary, Medical Education

§ Signatory to MOU from company –





09.
Kalyani Steels Limited
§ Proposed investment - Rs.148.71 crores.

§ Project Details – To set up Low Ash Metallurgical Coke & Power plant.

§ Location - Ginigera Village, Koppal District.

§ Employment Generation – 100.

§ Signatory to MOU from Govt – Commissioner for Industries & Commerce.

§ Signatory to MOU from company –


10.
Surya Roshini Limited
§ Proposed investment - Rs.52 crores.

§ Project Details – To manufacture Fluorescent Tube lights, CFL, GLS Lamps, PCB & LED Lamps.

§ Location - .Shimoga District.

§ Employment Generation – 1,220.

§ Signatory to MOU from Govt – Commissioner for Industrial Development & Director of Industries & Commerce.

§ Signatory to MOU from company –











11.
Shree Renuka Infra Projects Limtied
§ Proposed investment - Rs.5,500 crores.

§ Project Details – To establish 1100 MW Thermal Power Plant.

§ Location - Vanatamuri Village, Hukkeri Taluk, Belgaum District.

§ Employment Generation – 3,500.

§ Signatory to MOU from Govt – Addl.Chief Secretary, Energy Department.


§ Signatory to MOU from company –


12.
Bhushan Steel Limited
§ Proposed investment - Rs.27,928 crores.

§ Project Details – To set up a 6 MTPA Integrated Steel Plant with 600 MW Co.gen project.

§ Location - Gadiganur Village, Bellary District.

§ Employment Generation – 20,000.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –


13.
Shell Technology India Pvt.Ltd
§ Proposed investment - Rs.1,376 crores.

§ Project Details – To set up Technology Centre for Oil & Gas related activities.

§ Location - KIADB Hardware Industrial Area, Devanahalli, Bangalore Rural District.

§ Employment Generation – 1,200.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –


14.
Tokai Rubber Auto Parts India Pvt.Ltd.
§ Proposed investment - Rs.63 crores.

§ Project Details – To manufacture Rubber Products / Automotibe Ancillary Components.

§ Location - Phase-II, Harohalli Industrial Area, Kanakapura Taluk, Ramanagara District.

§ Employment Generation – 186.

§ Signatory to MOU from Govt – Commissioner for Industrial Development and Director of Industries & Commerce .

§ Signatory to MOU from company –


15.
Bramhani Industries Karnataka Limited
§ Proposed investment - Rs.36,000 crores.

§ Project Details – To set up a 6 MTPA Integrated Steel Plant with Captive Power plant. In the 1st Phase, 1.9 Million TPA with Captive Power Plant of 68 MW capacity.

§ Location - Vijayangar Area Development Authority, Bellary, Hospet & Sandur Taluks, Bellary District.


§ Employment Generation – 25,000.


§ Signatory to MOU from Govt – Principal Secretary, C&I Department.


§ Signatory to MOU from company –


16.
Hindusthan Aeronautics Limited (HAL)
§ Proposed investment - Rs.2095 crores.

§ Project Details –. To establish a unit for manufacture of “TPE 331 Engine and Engine components, Ring Rolling, Fan cases, Welded Structural assemblies, Maintenance, Repair and Overhaul of Civil Aircraft / Engines and Manufacture of Helicopters” .

§ Location - Aerospace SEZ, Devanahalli, Bangalore Rural District.

§ Employment Generation –1631.

§ Signatory to MOU from Govt – Secretary to Governmanet, Commerce & Industries Department.

§ Signatory to MOU from company –

17.
BEML Limited
§ Proposed investment - Rs.316 crores.

§ Project Details – To manufacture Aircraft Components / Assemblies and MRO Activites related to Aerospace Applications at Aerospace SEZ.

§ Location - Bangalore International Airport, Devanahalli, Banagalore Rural District

§ Employment Generation – 235.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –


18.
Scotts Garments Ltd & Bombay Rayon Fashions Limited
§ Proposed investment - Rs.682.67 crores.

§ Project Details – Ready made garments for export .

§ Location - Kolar, KGF, Doddaballapura, Gowrtibidanur, Chikkaballapura, Chitradurga, Shimoga.

§ Employment Generation – 50,000.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –


19.
Shahi Exports Pvt.Ltd
§ Proposed investment - Rs.533.18 crores.

§ Project Details – To establish Weaving, Textiles and Readymade Garments

§ Location - Shimoga.

§ Employment Generation – 10,000.

§ Signatory to MOU from Govt – Commissioner for Industrial Development and Director of Industres & Commerce .

§ Signatory to MOU from company –










20.
Nestle India Limited
§ Proposed investment - Rs.349.23 crores,

§ Project Details – To setup Instant Noodles & Mixed Condiments & Seasonings.

§ Location - Industiral Area, Nanjangud, Mysore District.

§ Employment Generation – 630.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –


21.
Nandan Bio Matrix Limited
§ Proposed investment - Rs. 96 crores.

§ Project Details – To setup Bio Investment Eco Industrial Zone.

§ Location - Kolhar Industrial Area, Bidar District.

§ Employment Generation –. 728.

§ Signatory to MOU from Govt –. Principal Secretry, IT,BT and S&T Department

§ Signatory to MOU from company –



22.
Lafarge India Pvt.Ltd
§ Proposed investment - Rs.1,500 crores.

§ Project Details – To set up 3 MTPA Cement Plant and 43 MW Coal Based Thermal Power Plant.

§ Location - Ravoor, Gandhinagar, Wadi Village, Chittapur Taluk, Gulbarga District.

§ Employment Generation – 355.

§ Signatory to MOU from Govt - Principal Secretary, Commerce & Industries Department.


§ Signatory to MOU from company –


23.
Mangalore Refinery & Petrochemicals Limited
§ Proposed investment - Rs.15798 crores.

§ Project Details – To enhance Oil Refinery from 9.69 MMTPA to 15 MMTPA .

§ Location - Kothethoor Post, Katipalla, Mangalore.

§ Employment Generation – 1,000.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –


24.
(a) Premium Farm Fresh Produce Limited
§ Proposed investment - Rs.104.94 crores.

§ Project Details – To setup Private Wholesale Market for Fruits & Vegetables.

§ Location - Shimoga.

§ Employment Generation – 220.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company


(b) Premium Farm Fresh Produce Limited
§ Proposed investment - Rs.103.01 crores.

§ Project Details – To setup Private Wholesale Market for Fruits & Vegetables.

§ Location - Kolar Taluk, Opp. Tamaka Industrial Area, Kolar District

§ Employment Generation – 205.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –










(c) Premium Farm Fresh Produce Limited
§ Proposed investment - Rs.110.30 crores.

§ Project Details – To setup Private Wholesale Market for Fruits & Vegetables.

§ Location - Kakati Village & Hobli, Belgaum Taluk & District.

§ Employment Generation – 190.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

(d) Premium Farm Fresh Produce Limited
§ Proposed investment - Rs.103.21 crores.

§ Project Details – To setup Private Wholesale Market for Fruits & Vegetables.

§ Location - IIT at Aduvalli and Bommanayakanahalli Villages, Kasaba Hobli, Hassan.

§ Employment Generation – 335.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –


25.
City View Bangalore Properties Private Limited
§ Proposed investment - Rs.971 crores.

§ Project Details – To set up Hotel, Office space and Serviced Apartment.

§ Location - Municipal New No.8, Old No.57, Bellary Road, Near Mekhri Circle, Bangalore

§ Employment Generation – 760.

§ Signatory to MOU from Govt –.Principal Secretary, Tourism Department

§ Signatory to MOU from company –


26.
Trishul Developers
§ Proposed investment - Rs. 119.31 crores.

§ Project Details – To set up 5 Star Hotel, Office Space & Service Apartments.

§ Location - Hebbal, Ammanikere Village, Kasaba Hobli, Bangalore North Taluk.

§ Employment Generation – 2100.

§ Signatory to MOU from Govt –. Principal Secretary, Tourism Department.

§ Signatory to MOU from company –


27.
Dynamatic Technologies Limited
§ Proposed investment - Rs.465.80 crores.

§ Project Details – To manufacture Aerospace Components.

§ Location - KIADB Aerospace Industrial Area, Devenahalli Taluk, Bangalore Rural District.

§ Employment Generation – 2100.

§ Signatory to MOU from Govt – Principal Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –


28.
IFCI Infrastructure Development Limited
§ Proposed investment - Rs.997 crores.

§ Project Details – To establish a Financial City.

§ Location - Devanahalli Industrial Area, Near BIAL, Bangalore Rural District.

§ Employment Generation – 4,300.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –


29.
Vishwaraj Infrastructure Pvt. Ltd.
§ Proposed investment - Rs.4,100 crores.

§ Project Details – To establish 1000 MW Gas based power plant and Development of Composite Industries.

§ Location - Hukeri Taluk, Belgaum District

§ Employment Generation – 5,500

§ Signatory to MOU from Govt – Additional Chief Secretary, Energy Department.

§ Signatory to MOU from company –

**