Mangalore: The first Coastal Business Development Summit Organised by the state in Mangalore on Wednesday morning resulted in 38 Molls being signed for a total Rs 1506 crores, capable of providing employment to around 4700 persons in the region.

FKCCI, KCCI, and several other departments of the state, besides NRI Forum joined hands in the meet at TV Raman Pai Convention Centre in Kodialbail. Three Congress MLAs attended for sometime.

CM DVS Gowda addressed the gathering, after inaugurating the event. He said 280 projects out of 387 for which Molls had been signed in a Global Investors Meet in 2010, are being implemented with an investment of Rs 5 lakhs crores in all.

The state had given priority to investors, Indian or foreign. An agri-business Summit was held in Bangalore recently. Such meets raised high employment opportunities, and better farm prices.

He promised to set right DK industries in proper look-out, and make Mangalore an economic hub.

The Shiradi Ghat will be made motorable by end of this month. He wanted environment friendly enterprises in the coastal region, CM observed. Several state ministers and MP Nalinkumar were present on the occasion.