According to the CM, most of the investors coming up with new industries in Ramanagara, Hubballi-Dharwad, Ballari, Kalaburagi and Mysore have shown interest beyond the Bengaluru region.
Karnataka Chief Minister Basavaraj Bommai, while speaking at the three-day 'Invest Karnataka' meeting, also said that the event will be a huge success.
Karnataka Chief Minister Basavaraj Bommai called Bengaluru a destination for global investors, while asking all roads of global investors to lead to the city. The Chief Minister was speaking at the three-day 'Invest Karnataka' meeting.
Bommai said that 'Invest Karnataka' is going to grab the attention of the whole world with global investors flocking to the state due to the prosperous environment of the state. He called the summit the 'most important' meeting, welcoming all technocrats, young engineers, IT/BT experts, startups, academic institutions and global and domestic investors.
“We are expecting an investment of over Rs 5 lakh crore and the state high level committee has already given approval for an investment of over Rs 2.8 lakh crore. This is our commitment to our investors and we are looking forward to investing tomorrow. We will sign an agreement with the new investors and give all the approvals in the next few days. The state of Karnataka is making a big leap in the industrial sector and it will be clear in tomorrow's meeting," the CM said. Told
According to the CM, most of the investors coming up with new industries in Ramanagara, Hubballi-Dharwad, Ballari, Kalaburagi and Mysore have shown interest beyond the Bengaluru region.
Praising his government, the CM compared the ecosystem existing in China to that of Karnataka, while enumerating the achievements of the manufacturing sector.
He also informed that the state is at the forefront of electrical, mechanical, energy, iron and steel sectors with a strong foundation in the field of electronics and artificial intelligence.
According to the Chief Minister, most of the jobs in this industry are created in IT/BT, and Karnataka contributes 40% of the exports in this sector. The state is ahead in agriculture production, IT/BT, startups and other sectors. Whereas ease of doing business has helped in attracting investment in this sector. In the last four quarters, the state attracted 38% of the foreign direct investment.
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