• Invest Karnataka Meet 2022: The three-day event to be held in Bengaluru from November 2 to 4 will have more than 80 speaker sessions.
Prime Minister Narendra Modi will address the Global Investors Meet, the inaugural function of Invest Karnataka, on Wednesday via video conferencing.
According to the Prime Minister's Office, the aim of the meeting is to attract potential investors and set the development agenda for the next decade.
The three-day event in Bengaluru from November 2 to 4 will have over 80 speaker sessions.
Speakers include some top industry leaders including Kumar Mangalam Birla, Sajjan Jindal, Vikram Kirloskar. Simultaneously, several commercial exhibitions with over three hundred exhibitors, and country sessions will run in parallel.
The country sessions will be hosted by each of the participating countries - France, Germany, the Netherlands, South Korea, Japan and Australia - which will bring in high-level ministerial and industrial delegations from their respective countries.
CM Basavaraj Bommai calls 'Invest Karnataka' an important meeting which welcomes all technocrats, young engineers, IT/BT experts, startups, academic institutions and global and domestic investors.
CM Bommai said, "'Invest Karnataka' is going to grab the attention of the whole world. Global investment is coming here as Karnataka has a prosperous environment. It will lay a strong foundation for the development of Karnataka in the next five years."
The Karnataka Chief Minister said that he is 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.
"Karnataka state is making a big leap in the industrial sector and that will be evident," he said.
Bommai said most investors have shown interest in investing outside Bengaluru, and new industries are coming up in Ramanagara, Hubballi-Dharwad, Ballari, Kalaburagi and Mysore.
Industries today are crossing regional barriers. The dream of Beyond Bangalore is becoming a reality. Last week, the upcoming FMCG cluster in Dharwad was inaugurated in Hubli and an investment of Rs 10,000 crore was expected. This will provide employment to more than one lakh people. Textile Park will be set up in Kalaburagi, Vijayapura and Raichur districts; Pharma Park at Yadgir; Electronic Park in Mysore and Defense Production Unit at Tumkur. “The situation in Karnataka is favorable and plays an important role in the creation of New Karnataka. We aim to contribute one trillion dollars to the Prime Minister’s vision of India’s five trillion dollar economy. The ecosystem that exists in China is present in Karnataka. The state Has made achievements in the manufacturing sector.
In addition, it is at the forefront of electrical, mechanical, energy, iron and steel sectors. Apart from this, a strong foundation of electronic and artificial intelligence has been laid. We have been at the forefront of IT/BT in the last two decades and Bengaluru is known as the Silicon Valley. Karnataka contributes 40% in IT/BT exports and the largest number of jobs are created in this sector in IT/BT. The state is ahead in agriculture production, IT/BT, startups and others. Industrial policy, ease of doing business has helped in attracting investments here. The state has attracted 38% foreign direct investment in the last four quarters.
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