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
Mayank and Ruvan
Thank God these culprits are caught ..... they are just normal people ...they are not worshiped people by Muslims as in yours how Aashram...Nithyananda....and other Godmen runned prostitute institutions.....hundreds of pimps criminals and rapists are caught without burka and beard daily from saffron color goons and goonesses....so what will be your comment.....never saw it on board..
We are always with the law ...we never defend criminals as you do....any saffron criminal caught dharna protest and violence. On streets demanding for release...
Are these buggers followers of Shanawaz Hussain? As his name ends with Hussain.
Burkha Olagina Rahasya!
Dear #2 Mayank, mumbai
There is no Disgrace to muslim community. In all religion there are some people who do bad that does not mean that because of that their religion becomes disgrace. In hindu religion also there are some people who do this type of business and it is not correct to say that hinduism is disgraced. The problem of these people is they do not study and follow their religion. If people study the holy scriptures of their religion then we can avoid these social crimes.
If they did it then they must be punished severely.
Another thing the supply is based on demand, so cant the men control themselves, is their wife not enough for them? or cant they get married to fulfill their desires?
If men can stay away from illegal desires then all this crime can be stopped to a major extent. Respect the women.
Dear Mayank
As soon as the news comes .. Dont judge. Many times we have be deceived...If its proved right, then they should be punished.
But dear,
Owaisi is not a cheddi member. He will not voice for criminals.
Sadhvi prachi, Aseemanand, Kalburgi killers, Ghandhi killers, Nithyananda sex racket ... cheddis tried to save them all but did not get success till date...
I request government of india to investigate this case and if they are found guilty with this filthy act then please hang them in the public. They have no rights to live in this earth.
These people are to be hanged till death
The crime what they have done is totally Unislamic. So do not judge islam by people's name or appearance. Islam strongly condemn such act.
Disgrace to Muslim community. Wonder why Owaisi does not supply lawyers and fight for them.
why is this whore Saira Begum wearing a burka still when she is in the flesh trade business and exploiting minor girls . Is she still a follower of Islam ?
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