Former SL star Muralitharan to invest ₹1,400cr in Karnataka

Bengaluru: Former Sri Lankan cricketer Muttiah Muralitharan is investing Rs 1,400 crore, in a staggered manner, to set up a beverages (soft drinks) and confectionery unit in Badanaguppe in Chamarajanagar district, said industries minister MB Patil on Tuesday. The announcement came after Patil held discussions with Muralitharan, who met him to talk about the project.
Muralitharan plans to manufacture beverages and confectioneries under the brand “Muttiah Beverages and Confectioneries.” The project, initially planned with an investment of Rs 230 crore outlay, has now been revised to a total of Rs 1,000 crore.It will be further increased to Rs 1,400 crore in a few years, Patil explained.
The minister also noted that 46 acres have already been allocated for the project, and manufacturing is expected to commence in January next year. He added that officials have been directed to resolve minor issues related to the allocated land. Patil further revealed that Muralitharan plans to establish another unit in Dharwad in the near future. tnn