Daijiworld News Network - Mangalore (VM)

Mangalore, Feb 23: Non-Resident Indian entrepreneur and New Medical Centre (NMC), Abu Dhabi managing director B R Shetty, along with other NRIs, has expressed willingness to invest over Rs 250 crore on private public participation (PPP) basis for the overall development of Mangalore and its surroundings.

The investment will be channelled for the development of 11 identified components including, tourism, industrial, information technology, port area, SEZ, library, infrastructure facilities, Kadri Park, Mangala Stadium, swimming pool, international airport, Wenlock Hospital and Lady Goschen Hospital, disclosed Mangalore MLA N Yogish Bhat at a press meet on Wednesday February 22.

Bhat said that Shetty had asked the government to provide all the support for NRI investment in Mangalore. During their three-day stay in Bangalore, Shetty held a meeting with IT principal secretary Shankarlinge Gowda, and tourism principal secretary Yogindra as well as commerce secretary.

While expressing confidence that the proposals by Shetty had made some headway after many years of waiting, Bhat said that DK was the first district to capitalize on the investment potential of NRIs. Tourism sector in Dakshina Kannada district would get a major facelift, he added.