They show interest mainly in education sector, hospitals and tourism

Kodagu district, for the first time, has generated huge interest among investors. The investors have committed to invest over Rs. 2,500 crore at the Coorg Business Summit held in Madikeri on Tuesday.

Most of the investors have evinced interest in the education sector, including medical colleges, hospitals and tourism. The Federation of Karnataka Chamber of Commerce and Industry (FKCCI), Mysore Chamber of Commerce and Industry (MCCI), Kodagu district Chamber of Commerce and Industry, Department of Industries, had organised the summit. Chief Minister Jagadish Shettar who inaugurated the summit gave away the documents relating to Memorandums of Understanding to the investors on the occasion.

A single investor has offered to spend Rs. 1,950 crore on setting up a cable car project and generate electricity, both hydro and wind. An amusement park in Kushalnagar and a 50-bed hospital at Kodagaralli, near Kushalnagar, has attracted a sum of Rs. 250 crore investment from a businessman.

A sum of Rs. 100 crore would be invested for setting up a modern hospital by another investor. Another has proposed to set up an amusement park in Virajpet with an identical sum. Another Rs. 100 crore would be invested for a resort near Madikeri. Shopping malls, educational institutions, hotels, dairying, among others, are scheduled to come up in Kodagu.

A pleasant surprise

The president of the Kodagu District Chamber of Commerce and Industry, G. Chidvilas, expressed surprise at the overwhelming response for investment, saying investments around Rs. 1,000 crore was expected initially. Women entrepreneurs and those hailing from Kodagu had responded positively for the investments, particularly in the fields of education and medical care, he said.

Opposed

However, a group of people representing various organisations, staged a unique protest against the investments by offering prayers at the Sri Kote Ganapathi temple in the Fort ‘to save Kodagu from the aggressors’. Industrial investments would spoil the environment of Kodagu and adversely affect the agricultural prospects in the district, they said.

The protesters were from the Coorg Wildlife Society, Cauvery Sene, Kodagu Growers (coffee) Federation, Madikeri Kodava Samaja, Devarakadu Rakshana Samiti, Field Marshal K.M. Cariappa and General K.S. Thimayya Forum, Kodagu Kshemabhivridhi Sangha and Kodagu Hitarakshana Samiti.


  • An investor has offered to spend Rs. 1,950 crore on power projects, cable car ventures

  • Hospitals, educational institutions, shopping malls and amusement parks proposed


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