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
True Muslim Even in the age of 80 fights like an tiger. But RSS fellow in the age of 20s needs a group to attack on elder muslims.
RSS needs bunch of coward sena to attack an old man or woman. It shows that they are not only coward but impotent too.
They are coward because they are the followers of Rama, one who used monkey sena to save his wife from ravana.
How they can respect?they have pros.childreans they are living in bhat house.bhat is there father.chaddis are animal.
better it is not to live than to live like a coward.
80 years old one man against a bunch of cowards proves it all.
this is an Inhuman act. The culprits should be punished.
Oh shivaji babu, I just pray that your parents should not face same problem.. Then who will you blame? Family members? YOurself or any other! every dog has a day my dear babu.
seriously inhuman act, beating elders not good.
these are not anti social these are terrorists and anti national islamophobes who are terrorising the common man.
Dear Shivaji,
From where you received that the aged couples are attacked by relatives? If it is true its inhuman. However, no relatives will attack the old couples such way where they cannot bear the pain. No media reported that the attack was by relatives, you have to clarify the source of your news.
This is not new in DK, RSS thugs and police attack aged Muslims people at thier home or outside. There are ample evidence, RSS thugs dressed in Police uniforms attacked homes in Ullala and other places in Mangalore recently. A MLC from BJP admitted that 60% RSS thugs are in Police force in Mangalore.
Kalladka is Communally sensitive since a long time, Police department sincerely work in this area to bring the peace.
SToP bending & bowing to the CHEDDIS. Dear authorities they are dragging you to HELL by portraying their FALSE history to U. Recognise the EVIL & GOOD and Support the GOOD ...
God has given you power of authority to protect the masses from such EVILS. One day U will need to answer for the injustice done to the innocent... PONDER & THINK before U encourage and support CHEDDis.
Muslims Should UNITE, its getting out of control.
The DEVILS dont recognise even elderly people & women. They attack like COWARDS...
To the HONEST hindus, dont put the AXE in your leg by supporting these devils..The one who gave SOUL (LIFE) will question when he takes back our LIFE ... JOIN hands with the secular people and stop supporting the LIARs who deceive YOU by putting FAKE FEAR to unrest the SOCIETY.
Bring Anupam Kher to Learn what is intolerance and how its spreading in India.
Anupam visit Coastal Karnataka Do some Justice To your AWARD as you JUST bagged in for doing Nothing for the Country.
simply blaming particular group, this act is done by his own family for property dispute.
really terrible, which religion is this which s not respecting elder one.
must punish the culprit. i request police to nab this goons very soon because of some bloody all society must bend their knee.
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