Media Release

Mangaluru, Nov 22: The Mangalore Special Economic Zone (MSEZ) and Italy-based MIR Group have signed an expression of interest (EOI) for establishing a state-of-the-art industry to produce energy-efficient building materials. The project, with a phased investment of over Rs 1,500 crore, is part of the "Back to Ooru" initiative spearheaded by Dakshina Kannada MP Capt Brijesh Chowta.

The proposed facility will manufacture advanced products like BIPV panels, thermal insulation materials, sodium-ion batteries, and thermally insulated doors and windows. It will also provide energy-efficient design consultancy and retrofitting services.

The EOI was exchanged between V Suryanarayan, CEO of MSEZ, and Arch Raffaele Marrazzo, CEO of MIR Group. MIR Group, headquartered in Italy with branches in Switzerland and the UAE, is renowned for its expertise in sustainable urban regeneration and innovative construction practices.

The group has chosen the MSEZ for its world-class infrastructure, skilled manpower, and strategic location offering access to domestic and international markets. The project will span approximately 10 acres of land and is expected to create significant local employment opportunities while bolstering Mangaluru's reputation as a hub for sustainable development.

‘Back to Ooru’ initiative

Speaking at the event, Capt Brijesh Chowta highlighted the significance of the "Back to Ooru" initiative, which aims to encourage successful Mangaloreans abroad to return and invest in their hometown. He described the initiative as a step towards transforming Mangaluru into a center for innovation and sustainable development.

“This initiative is about engineering a shift—from dreaming in Mangaluru and realizing those dreams elsewhere to coming back to Kudla to ensure the city's growth. With MIR Group's commitment, this marks the beginning of a new era of 'Make in Kudla', aligning with Prime Minister Narendra Modi's vision of 'Make in India'," said Capt Chowta.

He commended MIR Group's director and architect, UAE-based Nitik Ratnakar, for his commitment to giving back to Mangaluru. Capt Chowta expressed hope that this investment would inspire more global enterprises to choose Mangaluru as their base.

MIR Group CEO Arch Raffaele Marrazzo emphasized the group's decision to invest in Mangaluru, recognizing the strategic benefits offered by MSEZ. "The location aligns perfectly with our operational needs and long-term vision," he stated.

The event saw the presence of dignitaries including Nitik Ratnakar, Claudio Monteleone (legal representative, MIR Group), and members from KCCI, CII, and CREDAI.

With this collaboration, Mangaluru is set to emerge as a leading destination for sustainable and innovative infrastructure development.