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
They should have sold them to Muslims when they were healthy, at least cow owners could have made some money.....Huge financial loss for poor farmers.....please get ride cow politics from the society....you cannot make vote out of it....it is too late now...let the people eat beef who are interested and enjoy...if BJP are not interested just shut their mouth and keep quite...
Cows in custody of muslims are only mathas rest are........
Viren Kotian, Udupi..... How do you say \ one particular community \" You are totally wrong... Christians, Hindus and Muslims are eating beef....Up date your knowledge...."
@ viren kotian jiiii
if human mother die.. their own son or daughter they will take care about them,
but here u r saying right ur mother is cow , what ur comments here we need that
please take care of ur own mother the
Ha ha...Viren....
Mother's will die even human...but will you leave your mother to be rotten on streets.......as you do... you stop mother GO politics and do something by your own ....did you ever serve a cow or your own mother..?
Dear Viren/Naren,
Do you give your mother better care and try to give best treatment if she is hospitalized or she is sick? If yes. Why not to your mother cow. Don't give unnecessaary comments which divide the communities. Go and save these dying cows. God will give you reward for saving these mothers. Every one die that every one knows. Then why you spend money for hospitalization
If only the holy cow could write an essay on her everyday life in India & voice her concern on people killing & getting killed in her name.
Indian people are treating a human being as an animal on the grounds that he/she ate an animal (cow).
this indian people never change their emotional they even cant allow to eat or live.
this makes more beef trade. lets have some fun.
It clearly shows that nobody can change the cruelty of the animals, let leave everything to the almighty, lets allow ghost eat the feast everyday,,.
Beef ban and ban on cow slaughter is the most idiotic law. It is sure the cows will have a slow death of starvation and thirst.
these groups if they are really interested in truly breeding sacred animal , then why 30 cows perish in a day ??? its all just for politics only! even the labors of the shed not paid for months?? india today has exposed these \gau rakshas\" politics !!!"
Achedin for cow vigilantes but bad day for cows and other civilized people. The expense of the cows should be inquired by Supreme court monitored SIT!
the whole population there must be living in fear & may not be coming out of their houses as the chaddi baniyan gang from the cow vigilante brigade must be wanting to thrash the daylight out of these residents?May be sec.144 should be in place or may be security forces be sent.Another problem is the traditional professionals who skin dead cows may also be scared of the above brigade as they also will be thrashed.That leaves govt.in a dilemma what to do, really pitiable situation in this sleepy state?May be FDI should be welcome from foreign countries,who could help us clean this problem?God save us!
Not only cows, human mother also will die. No one is permanent in this world. stop this politics. Here nobody ate mother's flesh unlike the members of one particular community.
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