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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News Network
May 22,2020

Bengaluru, May 22: The Karnataka government, which has fixed Rs 200 as fine for not wearing masks and covering faces to contain coronavirus spread, has collected Rs 3.43 lakh from 15,000 people as fine from May 5 till date.

"From May 5, the government has collected Rs 3,43,000 by fining 1,715 citizens for nor wearing masks or covering their faces," the Bruhat Bengaluru Mahanagar Palike (BBMP) Commissioner said in a statement.

Here is a zone-wise chart showing fines that have been collected:

Meanwhile, Karnataka Medical Education Minister Dr K Sudhakar said the state has reached its target of scaling up to 10,000 tests per day by conducting 11,499 tests on Thursday. In Kalaburagi, where the first COVID-19 case was confirmed in the State, conducted over 1000 tests yesterday.

"By conducting 11,449 COVID-19 tests yesterday, we reached our target of scaling up to 10,000 tests per day Kalaburagi that saw the first COVID-19 case in the state conducted over 1000 tests yesterday," Sudhakar said.

As per the Union Health Ministry, Karnataka has 1,605 positive cases, of which 571 have been recovered and discharged and 41 have succumbed to the infection.

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News Network
February 2,2020

Bengaluru, Feb 2: A woman from Bengaluru lost Rs 2.8 lakh to a 'foreign friend' who promised her gifts, including gold jewellery and foreign currency.

Priya, 37, of Banashankari III Stage, told police a man named Bright Wills from England befriended her on social media in December 2019.

On December 20, Wills said he would send gold ornaments and some British pounds as gifts to celebrate their friendship and took her postal address.

“A woman claiming to be an official from the customs office, Delhi, called me on December 21. She told me there was a courier from England in my name and I should pay Rs 75,000 tow ards customs clearance. I believed her and transferred Rs 75,000 to a bank account number provided by her. On December 23, another woman called and said gold ornaments had been sent to me by courier and I had to pay Rs 2.1 lakh towards the paperwork. I transferred the money to another account number mentioned by her," Priya told police.

"On December 25, I received an email which said I should make a surety deposit of Rs 4.3 lakh within 48 hours or else the courier would be sent back to its original destination. I realised I had been cheated by Wills and others. Till now, I have paid Rs 2.8 lakh to them," she claimed.

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News Network
June 8,2020

Bengaluru, Jun 8: Normal life is slowly returning to normal across Karnataka with the state government further easing the restrictions by throwing open places of worship, hotels, malls for the public.

Despite these places being opened after a gap of more than two months, the places wore a deserted look as the people are and cautious and not ready to take of risk of venturing out amid the ongoing Corona threat.

"Business is not as heavy as expected though it was allowed after a gap of almost three months. You can see for yourself the crowd, it is not what it should have been in a commercial area like this prior to the imposition of lockdown. However, hope it will improve", a Cloth merchant B Ramesh told UNI when asked for his reaction.

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