Bengaluru, Jan 25: The Karnataka government would hold a Global Investors' Meet (GIM 2020) in Bengaluru from November 3-5 to showcase the southern state's ecosystem for attracting investments from the world over, an official said on Friday.
"Our Chief Minister B.S. Yediyurappa held the first road show on the GIM at the 50th World Economic Forum (WEF) annual meeting, being held at Davos in Switzerland and invited global firms to participate in the 3-day event for investment opportunities," additional secretary P. Ravikumar told IANS.
At a curtain-raiser on "Invest Karnataka 2020" on Thursday, the BJP Chief Minister said the theme of the GIM would be "Innovate Now. Growth Forever" as the state had one of the best natural and human resources for investing in manufacturing, services and agriculture sectors and creating jobs.
"About 100 entrepreneurs, businessmen and heads of global firms participated in the roadshow to assess the state's industrial policies, incentives, infrastructure, tax system and its ease of doing business for investment potential," Ravikumar said.
Among the participants at the event were Swiss-India parliamentary group president Niklaus-Samuel Gugger, Uber Chief Executive Dara Khosrowshahi, General Electric (GE) executive William Cowan and heads of Gemini Corporation, Coca Cola, SAP Labs, Swiss Re and Mitsubishi Heavy Industries.
"Khosrowshahi discussed Uber's expansion plans in Bengaluru and assured the Chief Minister of investing more in the state. Cowen expressed interest in the development of healthcare, renewable energy and power distribution across the state through partnership with the state government," the official noted.
The US-based transnational firm (GE) has a large presence in Bengaluru with one its largest engineering and technology centres and two production plants.
"A Coca Cola executive told Yediyurappa that the soft beverage firm would initially invest $25 million in its plants in the state and enhance it to $200 million to benefit farmers and rural people with access to clean drinking water in their villages," Ravikumar said.
The Chief Minister also sought to know the investment or expansion plans of global firms present in the state, especially Bengaluru and assured their heads of the state support in creating hundreds of jobs and wealth.
About 100 members of the Indian delegation to the WEF, led by Union Commerce and Industries Minister Piyush Goyal, Confederation of Indian Industry (CII) director-general Chandrajit Bannerjee, Bharat Forge chairman Baba Kalyani, Kirloskar Systems Managing Director Vikram Kirloskar, also participated in the state's GIM roadshow.
State Industries Minister Jagdish Shettar, chief secretary T. M. Vijaya Bhaskar, additional chief secretary E.V. Ramana Reddy and industrial department principal secretary Gurav Gupta also attended the state event.
"Emiriti Lulu Group chairman M.A. Yusuf Ali discussed plans to invest $300 million (Rs 2,160 crore) in logistics, hospitality and health/wellness sectors across the state with Yediyurappa," said Ravikumar.
Ali, an NRI (non-resident Indian) migrated to the United Arab Emirates (UAE) from Kerala two decades ago and founded the Lulu Group at Abu Dhabi to operate a chain of hypermarkets and retail firms since 2000.
"The Chief Minister assured Ali of speedy approvals and incentives for investing in the state, with ease of doing business," the official said in an e-mail to IANS from the Swiss town.
Asserting that his proactive government would work overtime to facilitate global investments in the southern state, Yediyurappa said he was committed to create more jobs across sectors.
Dassault Systems executive Florene Verzelen told the chief minister about her company's plans to set up centres of excellence in smart manufacturing and smart cities in the southern state.
"The centres will train and equip the youth with skilled jobs in large corporations the world over," Ravikumar reiterated.
Yediyurappa apprised US aerospace behemoth Lockheed Martin executive Richard Ambrose of the ecosystem for aerospace and defence industry in the state, especially Bengaluru.
"I will soon visit Bengaluru to explore the possibilities of investing more in Karnataka and taking up research and development work," said Ambrose on the occasion.
A delegation from global automotive component maker Denso also called on the chief minister and interacted with the state delegation.
The Japanese firm has an excellence and research centre in New Delhi and a manufacturing unit at Nelamangala on the outskirts of Bengaluru.
Denso executive Hiroyuki Wakabasyi said he would visit Bengaluru soon to explore further investments in the state.
"Arcelor Mittal chairman Laxmi Mittal also met the chief minister and discussed his company's investment plans in the state," the official added.
Mittal backed out of setting up a steel plant in the state's northern region over a decade ago due to delays in acquiring land and mandatory approvals.
Drug maker Novo Nordisk chief executive Lars Fruergaard expressed readiness to work with the state government in taking up educative and awareness programmes for diabetic patients.
Comments
Alhamdulillah.
Brother Naren And Viren
We can understand your Frustration.What to do Barking Dogs never bites like Our beloved GO SWAMI.
Try to learn about ISLAM before its too late...so that you can secure you life after Death.
Alhumdulillah Allah is great. Allah knows better how to protect his people and Religion.
Naik given clean shit ?
Chaddi logonko mirchi lage tho hum kya Kare Sanghi chaddi RSS medias were hiding now uriyuttada burnol hachi.........
allahu akbar
Karen and Viren.....dont watch much versions of zakir Naik.....ull change too........you better keep barking so we can have some time pass in CD... every morning.....
Allah is with the true person.....and now need to see what the barking media says.......
Allahu Akbar, After checking all his videos there may be chances of police department convert to Islam.
Naren must be happy in Singapore...... or losing night sleep..... Now this GOO ( human shit ) SAMI should be arrested for defaming innocent Dr Zakir Naik...... Naren wish you happy eid.....
Viren,
Even if the intelligence arrest him. What can they do...
They can deceive People like U to hate more
But Majority of them got what Zakir is preaching to reach the one GOD ...
Dont stay away from ONE GOD who created YOU , ME and all that exists .. U will be a loser in the end.
Learn who is WORTHY Of WORSHIP also NA TASYA PRATIMA ASTI . it will stop hating others
AL HAMDULILLAH, Viren dont bark study islam from zakir dont go by on line, on line may you will get wrong information from Chaddi yahoodi jewish trying to bring bad name to islam, one thing who ever try to bring bad name to islam or hate islam ISLAM IS ISLAM god will defend no one can stop it, terrorism is Jewish culture islam will not support terrorism,
Hahaha. Maharashtra intelligence department is very shrewd. It knows how to trap thieves. Now it will say it cannot arrest. Once he comes to indian, then he will spend rest of his life in prison like abdul naser madani..
Alhamdulillah, Truth always wins. No matter Arnab or any other haters try to malign him.I think IRF should file a case against Times now and Arnab Go swami now, Its time to ban Times Now.
Most of the media is not publishing this news.All the haters of Dr. Naik please apply some Burnol to your A** so that you will get some relief.
Being an hindu. I have gone through many clips. But media showed only half truth. Which is dangerous. Dr naik only wanted hindu and muslims unite and love other. If this is wrong. Then i hate rss vhp...
They opened their own grave by bringing dr naik issue.
Al Hamdulillah....Allahu Akbar
Al Hamdulillah.. Allah is great.. Remember chelas and chaddis.. Dr. Zakir Naik has prayers from All Over the world Muslims.. In Sha Allah he will win because he preaches only n ONLY PEACE.. May Allah give him Afiyath.. Ameen..
Dear State Intteligence Dept. ,(Maharastra)
Please share your Investigation Report with Mr. Arnab Go-Bar Swami, Atleast we can Expect some wise sound from him rather than spiting venom in media.& Mr. Arnab Go-Bar Swami please get well soon.
Add new comment