Kumaraswamy invites US businesses to invest in Karnataka

Agencies
July 3, 2019

Bengaluru, Jul 3: Showcasing Karnataka as a favourite investment destination in India, Chief Minister H.D. Kumaraswamy on Tuesday invited US businesses to invest in the southern state.

"I seek your investments in our state, which offers huge opportunities in manufacturing and services sectors for US businesses," Kumaraswamy told investors at a seminar in Maryland's Silver Spring near Washington.

Though on a week-long private visit to the US since June 29, the Chief Minister addressed US investors and NRIs at the seminar on "New business opportunities in Karnataka", organised by the US-India Small and Medium Enterprise Council.

According to a copy of his speech shared with media by the Chief Minister's Office in Bengaluru, Kumaraswamy invited US businesses to participate in the 'Global Investors' Meet' the state would host in January 2020 on opportunities, incentives and facilities it offers to potential investors.

"I seek your participation to make the Global Investors' Meet a success as it is meant to attract investments from domestic and overseas firms with global linkages for job creation," he said.

Holding his state was ready for business as never before, the Chief Minister said his coalition government made doing business easier and smarter by ensuring 98.6 per cent compliance to the Business Reforms Action Plan norms.

"Our government is drafting a new industrial policy for 2019-24 to offer a robust ecosystem to spur economic growth, create jobs and make the state a global manufacturing and services hub," he told the gathering.

Claiming that Karnataka was ranked first in the country to attract investments and Bengaluru rated as the world's most dynamic city, Kumaraswamy said the state's growth was due to its pro-active, business-friendly policies, good infrastructure, skilled manpower and ecosystem for nurturing innovation.

"Karnataka contributes 50 per cent to the country's machine tool production, 39 per cent to IT exports, 67 per cent to making aircraft and helicopters for defence services and 33 per cent to biotech exports," he said.

The state is also at the forefront of next-gen technology such as block chain, additive manufacturing, 3D printing, robotics, nano-technology, medical technology and genetic engineering, he said.

"We are undertaking comprehensive reforms to ensure seamless and time-bound processes for project approval, grant of statutory permissions and licenses. Our transparent policy initiatives are aimed at providing support to new industries and entrepreneurs.

"We are determined to ensure our state leads in the Fourth Industrial Revolution and use the power of big data, high computing capacity, artificial intelligence and analytics to digitise manufacturing in the state," he added.

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coastaldigest.com news network
July 21,2020

Udupi, Jul 21: Sri Sugunendra Teertha Swami, the chief pontiff of Puthige Mutt, has tested positive for coronavirus. 

The pontiff got admitted into KMC Hospital Manipal last night and his treatment is in progress at the said hospital.

He was supposed to initiate his annual Chaturmasa Vruta at Padigaru Mutt on Tuesday.

According to sources, he was suffering from fever and hence he opted to get tested for covid-19. His health condition is said to be stable.

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Agencies
February 13,2020

Bengaluru, Feb 13: UK's Chancellor of the Exchequer Sajid Javid quit the Boris Johnson government as part of a cabinet reshuffle unfolding on Thursday and has been replaced by Rishi Sunak, reports said.

Indian-descent Sunak, 39, who is married to Akshata, the daughter of Infosys co-founder N.R. Narayana Murthy, was Chief Secretary to the Treasury since July 2019.

An analyst with Goldman Sachs before joining politics in 2014, Sunak, whose grandparents were from Punjab and emigrated to the UK from east Africa, is MP from Richmond (Yorkshire). He was Parliamentary Under-Secretary of State for Local Government in the Theresa May government.

Pakistani-descent Javid, who became the first Asian to become a Cabinet Minister when he was made Secretary of State of culture, Media and Sports in the David Cameron government in 2014 after stints as Economic Secretary to the Treasury (2012-13) and Financial Secretary (2013-14), was earlier the Home Secretary in the the Theresa May government.

He had then cleared absconding businessman Vijay Mallya's extradition to India in February last year following the decision by the Westminister Magistrates Court in December 2018.

Javid, who ran for Conservative Party leadership after May quit but lost to Boris Johnson, was made Chancellor by the later. In the reshuffle on Thursday, he was offered to retain his post if he fired all his advisors but declined and quit, the BBC reported.

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News Network
May 1,2020

Mysuru, May 1: Four people who brought a dead man’s body from Mumbai for cremation in his native place in Mandya district in Karnataka have tested positive for Covid-19 virus, and now the administration is trying to find out if the man himself had been an undetected positive.

According to Mandya district deputy commissioner M V Venkatesh, the deceased man was a 53-year-old native of B Kodagalli of Pandavapura taluk, Melkote hobli in Mandya district. He died after suffering a heart attack at the U N Desai government hospital in Mumbai on April 23.

The cremation took place outside the man's native village after the local administration refused to allow it inside the village.

Wanting the final rites performed in his native place, the man’s family got the body embalmed and procured all the medical records and certificates from the hospital and brought it in an ambulance belonging to the Desai government hospital.

When they reached Pandavapura taluk in Karnataka on the evening of April 24, the local administration did not allow the body to enter the village but allowed the relatives to cremate it outside the village.

And since the family had come from Mumbai, the district administration quarantined all seven of the man’s relatives, and their samples were sent for testing on 28 April.

The results showed that the deceased man’s 25-year-old son, daughter-in-law, daughter, and two-year-old grandchild are positive for Covid 19. All of them have been admitted at the Mandya Institute of Medical Sciences although they have no symptoms.

Deputy commissioner Venkatesh said that in the Desai hospital records in Mumbai there was no mention whether or not the man had been tested for Covid-19. “We are writing to Desai hospital to clarify if the deceased person was tested for Covid 19. It is also possible that the family got infected by the man’s son who works in the loan department of ICICI Bank in Mumbai and visits several offices in different areas of Mumbai,” he said.

The man’s ancestral B Kodagalli village now has been sealed off. Though tests done on other members of the family have come back negative, the Mandya administartions plans to repeat their tests.

So far 26 people have tested positive for Covid 19 in Mandya district.

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