Bangalore, June 6 :     The two-day global investors' meet organised by the Karnataka government ended today on a high note with Rupert Murdoch's Newscorp announcing a Rs 1,000-crore investment in a new, city-based media venture. The chief executive officer of Newscorp's India operations, Lalith Ahuja, announced at the end of the conference that the investments would be made in a global convergence new media venture which will transmit content on broadband internet. Newscorps' entire global content traffic would be routed through the new facility, which will employ about 500 people. It is expected to be operational in about three months, Ahuja added. Describing the venture as strategic and ambitious, Ahuja said the decision to set it up followed a recent meeting between the global media magnate and Karnataka chief minister S M Krishna. On what was clearly a day of competitive announcements with investors rushing into agreements, Hampi Petrochemicals committed an investment of Rs 575 crore in setting up a coke and a power generation plant while Bharati Mobiles said it will pump Rs 200 crore into an optical fibre project. Dipkit Ltd plans to set up a refined sunflower oil and protein extraction plant at Bagalkot at a cost of Rs 195 crore. On the other hand, an NRI offered to invest Rs 2,000 crore in a chain of petrol pumps that would also sell converter kits. State industry minister R.V. Deshpande said 18 mega projects valued at a whopping Rs 15,000 crore had been cleared in the last two days. A remarkable feature was an announcement that almost 50 project managers looking for suitable joint venture partners at the conference, which has attracted around 200 foreign delegates. would make their presentations in 'Swayamvara style' tomorrow - much like choosing a life partner.