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
Only apology from Modi? No need of resignation from PM post?
dear gau rakshaks,
did you know india is top exporters of cow meat to worldwide.?
you ignored to stop such big slaughtering of cows in mass by this present BJP govt. what are you now demanding from the PM to reverse a statement. come on first try dealing to stop export of such large scale slaughtering. the petty things of handful number of cow slaughtering will stop automatically.
what a Joke.well he will Apologize once he finishes his WORLD TOUR.Till then keep going your Dharana.
Deception - back fired.
BJP is the main source of supporting the cheddis.
Your plans are weakening YOU and those who play with the rules of God will face such humiliation through your own evil plans.
In few days their own hindu brothers will be attacked... dalits r already under attack... now rest of the hindus too will be attacked by the mindless cheddis?
Honest hindus should recognise this and voice out against the cheddis who is creating unrest in the society.
Ha ha.....nice naatak......
I said before two years in some comment ....when some fools kept chanting modi modi modi.....one day the same people will trash him...it's seen now...thank God.....dear fools....nation cannot run from imagination of a person named Modi.......reality and results are formed by teamwork......praise the party not the person....
Ha ha.....nice naatak......
I said before two years in some comment ....when some fools kept chanting modi modi modi.....one day the same people will trash him...it's seen now...thank God.....dear fools....nation cannot run from imagination of a person named Modi.......reality and results are formed by teamwork......praise the party not the person....
Bure Din for Gow Bhakshaks.. Hamari billi hame miyaau miyaau
Do not rest till you get an apology from the FEKU ......Good luck
Cow smugglers, shut up!
Dear Our Gau Rakshak Brothers
First of all prove true religiously and scientifically do you say slogans to protect cows and not other animals.
A true religion always goes with science, it does not clash with science. In vedas, you can see Hindu Rshis have eaten and sacrificed cows, cattle.
If you have evidence against your claim, bring to the public and you will have support of not only all Indians and also you will have worldwide support. What version of Hinduism are you following.
Cows in India are less than 10% of cows in the whole world.
If you are truthful with your claims, prove the whole world that your claim of go rakshan is correct.
If you can prove, you will have reward from the God and also appreciation by the whole world.
Imposing and Bringing blind faith on others is your atrocity to others. You are indirectly forcing others to follow your blind faith, which is bad.
Simply if you don't want to eat beef, it is upto you,
Others are eating their cow. Not your cow.
Don't force others to follow you and stop their food.
Our fair Hindu brothers and sisters should raise concerns and stop their illiterate so called flag carriers of Hindu religion.
Add new comment