Mangaluru city gears up for smart growth, Rs 2K-cr investment envisaged

[email protected] (CD Network)
September 21, 2016

Mangaluru, Sep 21: Retrofitting downtown area of the city, re-development of old-port and fisheries harbour and development of a solar farm on an island facing the old port are some of the highlights of the smart city project proposal of the Mangaluru City Corporation, which envisaged a total investment of Rs. 2,000 crore in the next five years.

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Welcoming the move of the Union government to include Mangaluru in its third Smart City list, the City Corporation has pledged to take necessary steps to implement its proposed projects expecting a speedy growth in economic activities in the city.

K Harinath, Mayor of MCC, said that the civic body would give priority to health, cleanliness and implementing the ban on plastic effectively, he said adding that the MCC has already renovated two to three public toilets, laying emphasis on the cleanliness of the city.

"An effective plan prepared by the City Corporation is one of the main reasons for the selection of Mangaluru for the smart city project. Along with the participation of the general public to prepare a plan, support of District in-Charge Minister, MLAs, and councillors is appreciable. We will start implementing various projects from now to make Mangaluru a model city," he explained.

Mohammed Nazir, Commissioner of MCC, said that now the government would constitute a special purpose vehicle (SPV), which is an entity or a company floated for implementing a specific task or project, for implementing the smart city project. It would be headed by an Indian Administrative Service officer.

He said that the detailed project report on how to implement the projects mooted under the smart city project would be prepared by the special purpose vehicle.

Joint Commissioner Gokuldas Nayak said, "The smart city project submitted by the MCC under the first list was long-term proposals worth Rs 20,000 crore to be implemented in nine phases over a period of 20 years. As it was not immediately useful for the public, Mangaluru could not bag the smart city project in the first list."

Area-based plan

The area based proposal submitted by the MCC include development of central business area - 100 acre, Hampankatta Junction - 27 acre, fisheries harbour redevelopment - 22 acre, Old Port redevelopment - 10 acre, waterfront and marine development - 25 acre, mixed use zone for IT service, offices, small scale industries, hospitality and leisure, alongside limited capacity factory functioning by adaptive reuse of tile factories - 42 acres, public connector streets leading to waterfront development as commercial and retail zone - 47 acre and solar farm on island facing Bunder - 20 acre.

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Comments

Satyameva jayate
 - 
Thursday, 22 Sep 2016

When will the drainage flowing canals in the city will be cleaned and covered....still 50 % of Mangalore sinks in rain....roads are still incomplete and started feeling like hill wonder la ride sitting in vehicle..at least some main areas to be clear....

SK
 - 
Wednesday, 21 Sep 2016

If the rowdy goondas like Senas are ruling the roads of Mangalore, then the investments will be well secured .... Like what happened in Bengaluru in cauvery issue ..... It will be like doing homa on water....

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coastaldigest.com news network
May 20,2020

Udupi, May 20: All the six fishermen were rescued from a deep-sea fishing boat, which capsized after hitting a rock near Malpe here yesterday. 

The boat was owned by Reshma Kharvi. The incident occurred while the boat was returning after fishing to Malpe harbor. 

The helmsman lost control over the boat after steering got damaged and hit the rock and damaged. 

The crew of another boat which was near to the sinking boat immediately rushed and rescued six fishermen.

Attempts to rescue the sinking boat using the yet another boat could not materialise. 

The loss is said to be about Rs 80 lakh, including Rs. 5 lakh worth items, including fish, net, and other accessories. The boat ventured from Malpe port on May 14.

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News Network
January 15,2020

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

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News Network
July 15,2020

Bengaluru, Jul 15: As on Wednesday, Bengaluru witnessed its first day of lockdown after rising number of Corona cases in the city. In a latest development, popular Kannada actor Dhruva Sarja and his wife Prerana Sarja have tested positive for COVID-19 sending shockwaves in the indutry.

Dhruva Sarja is the nephew of Arjun Sarja and younger brother of Chiranjeevi Sarja who passed away last month after suffering a massive heart attack.

The actor has requested people, who came in contact with them, to get tested immediately.

"My wife and I have both been tested positive for COVID-19 with mild symptoms and hence chosen to get ourselves hospitalised. I'm sure we'll be back all fine! All those who were in close proximity with us please get yourselves tested and remain safe," he tweeted.

In recent times, Mandya MP and popular actress Sumalatha Ambereesh too tested positive, now Dhruva Sarja is the second notable celebrity from Sandalwood to have tested positive for COVID-19.

A source close to the actor's family says that "During Chiranjeevi's funeral last month, some sections of people who had attended had also tested positive, as social distancing rules were not followed by those who attended the funeral. But now, the family has quarantined and there is no cause for worry. Dhruva has also requested all his primary contact to come forward voluntarily and get tested."

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