MANGALORE REFINERY PETROCHEMICAL LTD.

A workshop organized by the Foreign Exchange Dealers’ Association of India (FEDAI), was held at Corporation Bank staff training college, recently.

Speaking on the occasion, B R Bhat, general manager, Corporation Bank, said that several plans in and around the city will be implemented soon. The bank with the assistance of several other industries, must come forward for regional development, he said.

Various industrial units are lined up in the city with an aggregate capital of Rs 25 crore. Every year, there is a 10 percent increase in the import and export through New Mangalore Port Trust, said Bhat.

Apart from it, the work of new industrial units and expansion of Mangalore Refinery and Petrochemicals Limited is also on. There is a possibility of establishing supplementary micro, small, and medium, ancillary units in the city, he said.

The Bank must also draw attention towards small industries in the city along with foreign exchange. It also helps in regional development and provides job opportunities, remarked Bhat. The FEDAI has conducted a series of workshops all over the country.

S G S Maniyani, representative, FEDAI, Mumbai, delivered the keynote address on the occasion. Dr K Govinda Bhat, principal, Corporation Bank staff training college, welcomed the gathering.