ENARADA, Bengaluru, October 14, 2015
Finally putting an end to speculation, the Karnataka Government announced hosting of the ‘Invest Karnataka-2016’ from February 3 to 5, 2016.
As a precursor to the event, the official logo, event brochure and the website was unveiled on Wednesday.
Large and Medium Scale Industries’ Minister RV Deshpande said that the event showcased Karnataka as one of India’s most progressive state possessing a vibrant and productive industrial eco-system with its talented and niche work force, world-class research and development facilities and excellent industrial infrastructure, favourable sectors-specific policies and a closely engaged private and public sector. “Be it industry, research or academics, Karnataka is a pioneer state in every aspect which has propelled industrialisation and economic progress. Global investors have an excellent opportunity to do business in Karnataka taking into account the state’s significant strengths, he said adding that over the last few months, he had held several meetings with industry captains, trade associations, investors, government officials, foreign consuls generals and trade commissioners.
Estonia takes lead
Estonia, a tiny country in the Baltic region of North Europe has taken keen interest in investing in Karnataka.
During the official logo launch, minister RV Deshpande invited the Estonian Consul General to invest in the state. Minister casually asked how much can they invest.
He was pleasantly surprised when the Consul said, “How much do you want us to invest, we are ready.”
“The state has been appreciated for its support to the industry. I have also received valid suggestions to further improve the investment climate in the state. We are working overtime on these suggestions. These include aspects of ease of doing business, infrastructure, support and policies etc. Through our efforts, we want to reflect the preparedness of the government to facilitate the investors for timely completion and commissioning of their projects. The objectives of Invest Karnataka is to promote a state as preferred investment destination by showcasing the competitive strengths, investment opportunities, avenue of the collaboration and investment facilitation. In fact, we are one of the few states in the country which has by design adopted the cluster based approach, “Deshpande told the audience.
This event is likely to be a mega event, which would reach out to investors across the world seeking investments in the following sectors: Manufacturing including Automobiles, Aerospace, Machine tools, Defence, Heavy Engineering, Agro and Food Processing, Energy including Renewable Energy, Tourism, Information Technology and Bio Technology, Drugs and Pharmaceuticals, Electronics and Semiconductors manufacturing, Infrastructure Projects, Private Industrial Parks, Smart Townships.