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
This has been repeatedly happening by those who practice against the law of the nature.
The urge OR desire of the sex is natural phenominon. Not only human being, alos Every living creature is subject to it.
Therefore Islam persists every affordable mena and women to marry and multiply. Muslims have also priesets of different grades. But it never prevents any priest from marrying.
If they dont marry, definitely the God knows, that the priests would be subject to take sideways to quench thier desire of sex illegally, by doing all mischieves to poor innocent women.
therefore study the religion which is true and scientific. Do not blindly follow what our ancestors have erred, wrongly taught and misguided us.
Every priest, nun should be allowed to marry and fulfil their sexual desire legally without harming illegally other women.
Islam has come as light with illumination to bring from dark for everyone. This is not just for Arabs or any particular sects. Islam's main preaching believe in one and only God and worship him, who has no associates, no family, no wives, no children, n oparents and partners.
Meh..
Pity on you for your blind belief and thoughts
hello fools, who told india belong to hindus...the name itself give by arab muslim long back(selute me now)...1000 ys muslim ruled india and also they build and develope this country not like christens who stole and run to UK...only true nationalist is muslim then comes rest..you sitting in some forst place and think that you can die for this country fighting you are big fool, MUSLIM NOT SHOW OFF LIKE YOU DO.when time comes we know how to protect our belovd country india..JAI HIND
LOL
Short story
Once Bishop of Jalandhar, Franco Mulakkal went to watch the movie NUN, after getting information that nun (in the movie) is beautiful and the movie is scariest one.
After seeing Bishop of Jalandhar in theatre, the movie character nun got scared.
(the end)
For all commentator, This the reason for calling India as secular country. We respect all religions
Very true. If we talk anything then they will absuse us. We are the true nationalist. We are the real Indians
This is why we suggesting Hindu rashtra. India suitable for only Hindus. Ony Hindus are following Indian laws and court orders. For muslims and christian they are completely depending on some other countries or some other rubbish laws. They wanted to live in India and they cant follow our rules and laws fully.
Living in India, rule are laws are from different countries. Total injustice
Why Kerala cop cant probe. They are making Indian laws institutions as rubber stamp
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