In what could be a shot in the arm for Karnataka, the investor community in New Delhi on Sept 10 has reaffirmed their trust in the Government of Karnataka by assuring investments close to Rs 2500 crores across sectors.
Companies from across sectors including Agriculture, Energy, Aerospace and Defence and Automotive discussed their proposals to set up operations in the State of Karnataka. As a part of the business outreach activity for Invest Karnataka 2015 investors meet which will be held in November 2015, officials from the government including Minister for Large & Medium Scale Industries, R V Deshpande met investors in New Delhi today to impress upon them the advantages of investing in Karnataka.
The companies which came forward with their proposals and intent to start operations in Karnataka are Ikea, Cargill, DIEHL Aerosystems, RRB Energy Limited, ITC Limited, Tata Automotive and Sinohydro. Representatives of these companies engaged in proactive discussions with the Minister for Large & Medium Scale Industries, R V Deshpande, Chief Secretary Kaushik Mukherjee, K Ratna Prabha, Additional Chief Secretary (Industries), and Gaurav Gupta, Commissioner of Industries of the Government of Karnataka.
Commenting on the B2G (Business to Government) meetings Minister R V Deshpande, said the investor community is happy to make Karnataka their home. Large corporate and multinational companies have assured me that they would want to do business in a forward looking state like Karnataka and also for its proactive industrial policies.
“We have had very encouraging discussions with investors here about starting operations in Karnataka. It is our promise that we will ensure maximum ease of doing business for these companies who togetherly would invest around Rs 2500 crores across sectors including Agriculture, Energy, Aerospace and Defence and Automotive,“ said the Minister.
The Industries Minister unveiled the “Ease of doing business in Karnataka” report, prepared in collaboration with the industries which are operating in Karnataka and the state government.
To provide ease of doing for businesses entering the state, the GOK has set up a completely online system for project approvals and monitoring the status of project implementation since April 2013 where one can get complete information on approvals, registrations, infrastructure providers and facilitations, Access to information on investment process and current status of approved projects can also be sought online even as each department has a designated nodal officer to follow up on the projects for implementation and update the status on the web portal.
Invest Karnataka 2015 will be a platform for Karnataka to showcase its strengths, its proactive policies, progressive stance and initiatives taken to improve governance and investor-friendly climate. The event aims to bring together business leaders, investors, corporations, thought leaders, policy and opinion makers under one roof. Apart from exhibitions and sectoral seminars, one-to-one meetings, B2B meetings and B2G meetings have also been organised as part of this global summit.
State aims at winning investments of Rs 2500 cr
