Dr. BR Shetty moots investment of $50bn to offer intl market for local farm produce

Dr. BR Shetty moots investment of $50bn to offer intl market for local farm produce

Mangalore Today News Network

Kaup, Feb 20, 2014 : Dr B. R. Shetty, NRI entrepreneur  has said that talks have been held with Bahrain Chamber and  businessmen from Abu Dhabi  and  Bahrain  with regard to exporting farm produce from the coastal districts to Gulf nations.

They have agreed to invest 50 billion dollars in the project which  will offer direct international market for the  farm produce from rural area.

Speaking after visiting Belapu Gram Panchayat, Dr BR Shetty said talks  have been held  with Chief Minister Siddaramaiah and that he  has assured to implement the programme from the coastal district itself.

Shetty said the proposed scheme would  help domestic growers who are  at a loss  as they are not being able to get good price for their produce.

Shetty said he was determined to contribute something  for his hometown and added  he also wished to develop his hometown Kaup into a model town. He said he has sought the  help of Urban Development Minister and Kaup MLA Vinaykumar Sorake who has  assured full co-operation. Kaup will be developed as a model city as well as garden city, Shetty informed.

 Deviprasad Shetty, former president of Belapu Gram Panchayat, Prakash Rao, in-charge president, Niranjan Shetty, former  vice president and others were present.

Deviprasad Shetty on this occasion urged Dr BR Shetty to open an higher  education institution in the town.