Mangalore: Over 47 investors have signed memoranda of understanding to invest in coastal Karnataka, according to a Government official.
Mr S.G. Hegde, Joint Director, District Industries Centre, Mangalore, told Business Line that the Government signed MoUs with 47 investors attracting investments of Rs 243.67 crore on Tuesday. These investments are spread over Dakshina Kannada and Udupi districts.
He said that 21 MoUs were signed attracting investments of Rs 149.95 crore in Dakshina Kannada district. As many as 26 investments worth Rs 93.72 crore are envisaged in Udupi district.
Most of these investments are expected in cashew processing units, ice-block making units, cold storage units and general engineering projects.
Of the 26 investments expected in Ududpi district, nearly half of them are in cashew processing units. Many investors have shown interest in setting up these units in Karkala and Kundapur taluks of Udupi district.
Mr Hegde expressed hopes that some more investment proposals are expected before the global investors' meet, which is scheduled to be held at Bangalore in June.
As a precursor to the global investors meet, a Coastal Business Development Summit was conducted in Mangalore in January. In that meet, 18 MoUs were signed with investment proposals worth Rs 1393.25 crore in Dakshina Kannada district. It attracted investments to the tune of Rs 100 crore from five investors in Udupi district, he said.
If all these investment proposals are put together, coastal districts of Dakshina Kannada and Udupi are likely to attract more than Rs 1,700 crore investments in the global investors meet, he added.
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