Indian Strategic Petroleum Research Project in Mangalore

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Bangalore, Aug 21: Oil Industry Development Board of Union Petroleum Ministry will establish a Indian Strategic Petroleum Research Project in Mangalore at a cost of Rs 1250 Crore, Karnataka Chief Minister B S Yeddyurappa said on Thursday, Aug 21.

Speaking to newsmen after chairing the 15th State High Level Clearance Committee (SHLCC) meeting here, he said that the Committee has given its approval in principle for the project coming up in 160 acres of land in Padur and Hennur village in Daxina Kannada District.

The project is first of its kind in the Country. Under the project the crude oil would be stored by digging tunnel and it would help the State in meeting petroleum products requirements.

Mr Yeddyurappa said that the Committee has approved 25 projects of the total 31 placed in the Meeting and major projects included development of Special Economic Zone (SEZ) for IT at Kodagenahalli in the outskirts of the City by Gulf Oil Corporation at a cost of Rs 850 Crores and another SEZ for Biotechnology by Gopalan Enterprises at a cost of Rs 190 Crores in Bangalore East.

The Committee also approved establishment of Integrated Steel Plant at Hospet taluk in Bellary District with an investment of Rs 6150 Crores by Bharat Mining and Minerals Ispat Ltd with a capacity of two Million Tons per year and another Steel plant by Shree Cements Ltd in Sedam taluk of Gulbarga District at a cost of Rs 1000 Crore to produce Three Million Tons per year.

Mr Yeddyurappa said that the Committee approved establishment of Integrated Township at Chikjala and Devanahalli with an investment of Rs 500 Crore and Rs 200 Crore by NEC Real Estate and Colton Shree Shelters respectively. He said that proposals by Narayana Hrudayalaya to establish a Superspeciality Hospital with an investment of Rs 1000 Crore and develop it as Health Tourism at Devanahalli and another similar project by Satya Sai at a cost of Rs 430 Crores also at Devanahalli were approved by the Committee at its meeting.

Mr Yeddyurappa said that 'Dan Hospitality India Limited, promoted by an Israel hotelier has shown interest to construct a Five star hotel with an investment of Rs 200 Crores. The proposal was approved by the Committee, he added.

He said that another major decision taken by the Committee was approving establishment of Three Harbour Projects at Honnavar, Karwar and Malpe under Public-Private Participation (PPP) on Build Own Service Transfer (BOST) principle.

Mr Yeddyurappa said that the Committee today cleared 25 projects which attracts investment of Rs 30,000 Crore and generate 2.5 lakh employment.

UNI

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