Karnataka: Businessman To Invest 450 Crore To Make Jog Falls A Perennial Fall, Without Asking For Anything In Return
August 23rd, 2016
Businessman To Make A Waterfall Perennial
Jog falls is a beautiful sight frequented by tourists, it is situated in the state of Karnataka. The beautiful falls, much to the disappointment of tourists is not a perennial fall i.e., water flowing through it is not throughout the year. One man who grew up near the falls has gone on to become a multi-millionaire in UAE and now he intends to make that waterfall perennial by investing 450 crores in the project.
Reviving the river
The Karnataka government intends to lease out the waterfall to BR Shetty, the Shivamogga- born UAE-based businessman to invest Rs450 crores to make the waterfall perennial. The government was quick to clarify that no permission has been given to set up resorts but only to pump up water to make it flow back again.
Nothing in return
Mr. Shetty is not expecting anything in return for his investment and going by his words, he claims to take up the project for the love of his birthplace. The project will kick off, subject to approval from various stakeholders including the central ministry. TB Jayachandra, minister for law and minor irrigation, said: “The project envisages reuse of water to retain the majesty of the fall all through the year. Currently, one could enjoy its picturesque view only during the monsoon and winter; during the summer, the waterfall fades out, disappointing visitors. With this project, its water will be pumped back up and reused to create the perennial waterfall,” Jayachandra explained to Bangalore Mirror.