Rs. 20 crore for upkeep of roads in Mangalore
Mangalore included in the "Nagara Santhe" scheme Work on aquamarine park, golf course to begin'
MANGALORE: The Chairman of Karnataka State Industrial Investment and Development Corporation N. Yogish Bhat, who is also MLA from Mangalore, has welcomed the State budget proposal making the corporation a nodal agency for development of tourism.
Mr. Bhat told The Hindu that the KSIIDC would gain a lot due to the corporation's involvement in various components of the budget proposals.
A major gain would be in the field of developing land in Bangalore where the corporation would get an estimated Rs. 700 crore from auctioning 408 acres in the holding of the KSIIDC in the city, he said.
Another important role assigned for the KSIIDC was to implement tourism development projects in the State which had been divided into four major tourism circuits, Mr. Bhat said, adding that private-government partnership would be encouraged in developing tourism projects in 20 places of tourist interest.
Mr. Bhat said that work on an aquamarine park, India's first coastal golf course and Sulthan Bathery to Bengre Island ropeway project would start in Mangalore. Tourist facilities at Nandi Hills and Kemmangundi would be developed, he said.
He said that the Finance Minister had set aside Rs. 167.04 crore for development and management of coastal infrastructure and Rs. 20 crore for the upkeep of roads in Mangalore.
He thanked the Minister for including Mangalore in the "Nagara Santhe" scheme along with Shimoga at a total cost of Rs. 6 crore.
President of the Kanara Chamber of Commerce and Industry John Prasad Menezes described the 2007-08 budget as populist.
He said that funds had been allocated for agencies of different sectors. This could have been directed towards creation of infrastructure, he said. Capt. Menezes said that the fisheries sector could absorb maximum volume of the outlay. However, nothing has been said about the infrastructure development for the sector.
Mr. Bhat and Capt. Menezes welcomed the proposal to reduce entry tax on crude oil for MRPL.