Wednesday, February 5, 2025
News

Cricketer Muttiah Muralitharan to invest in beverages and confectionery unit at Badanakuppe, Chamarajanagara

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Bengaluru (Karnataka) | June 18, 2024 10:11:45 PM IST
International cricketer Muttiah Muralitharan is set to make an investment in India with the establishment of a new beverages and confectionery unit in Badanakuppe, Chamarajanagara district, Karnataka.

The project, announced by Large and Medium Industries Minister MB Patil, is expected to attract a total investment of Rs 1,400 crore over multiple phases and aims to boost the local economy through job creation and infrastructure development.

The announcement came following a meeting between Muralitharan and Minister Patil to discuss the project's details and its implications for the region.

The cricketer, who holds the world record for the most wickets in Test cricket, is diversifying his portfolio into the food and beverage industry with his new venture, "Muttiah Beverages and Confectioneries."

Initially, the project was planned with an investment of Rs 230 crore, but due to increased scope and scale, the total investment has been revised to Rs 1,000 crore, with plans to expand to Rs 1,400 crore over the coming years.

The minister mentioned that 46 acres of land have already been designated for the project, with manufacturing operations anticipated to commence by January 2025.

He also stated that officials have been instructed to address minor issues concerning the allocated land.

Additionally, Patil disclosed that Muralitharan intends to set up another unit in Dharwad in the near future.

The announcement was attended by key officials, including S. Selvakumar, Principal Secretary of the Department of Industries; Gunjan Krishna, Commissioner of the Department of Industries; Dr. Mahesha, CEO of Karnataka Industrial Areas Development Board (KIADB); and Dodda Basavaraju, Managing Director of Udyoga Mitra. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Giraffe Learning organized a special edu...
Madhish Parikh from India bags BRICS and...
HDFC Life to raise Rs 900 cr non-convert...
Cellecor Gadgets Limited Expands Its Ret...
Women's participation in stock markets r...
Design Milan: An Innovation Festival Hos...
More...
 
INDIA WORLD ASIA
'Pollution, garbage, cleaning of Yamuna ...
'AAP completed 3 terms and still Delhi h...
'Delhi is going to give a decisive manda...
PM Modi arrives in Prayagraj to take hol...
'In last 10 years, AAP destroyed Delhi:'...
Delhi records slow turnout of 8.10% as o...
More...    
 
 Top Stories
'Broadway' poster artist David Edwa... 
Women's participation in stock mark... 
Cellecor Gadgets Limited Expands It... 
Saudi Arabia says no diplomatic tie... 
Paank condemns "continued" enforced... 
College Youth Ideathon 2025 launche... 
GFC Skin Treatment: The Ultimate Br... 
"Voting is the oxygen and base of d...