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
Swetha and Srilatha, you both need treatment along with education to read the story and understand, nothing will materialize by just barking
In the film boy and girl from different communities can do all types of romance and they can show to the whole world, where is a respected and fast money making business.
But in the real life even just saying Hello is a big crime.
Everyone should take care of their every such action.
This is India.
ITS NOT A SECRET THAT HALF OF THE POLICE OF KARNATAKA ARE CHADDIS & ARE WAITING FOR ANY OPPORTUNITY TO POUNCE ON MINORITIES.
SRILATHA / SWETHA,
Please visit Jacqueline & Smrithi and talk to them & then JUDGE. They are saying they left on their own will. We know cheddi police who target the innocent either from Muslims or DAlits.. & if we believe this police story who deceived people many times.
When we accept such made up news - I think animals are better than humans.. cos humans just rely on false news and accept whatever said in the media without VERIFICATION...
Ahmed Nisar must learn a lesson here. Dont make friends if U dont know them personally... Tomorrow cheddi police will target U for having friends with strangers who may have illegal activities.
Grow up boys stay away from girls who are illegal to you according to islamic laws..\every parts of your body will speak as evidence on day of judgement \"may allah guide all youths to straight path ameen."
@ SWETHA CHINNAPPA ...
SRIILATHA
IF UR BROTHER IS TORTURED FOR NOT INVOLVED ISSUE WHAT WILL BE UR ACTION, TAKE OUT THE SAFFRON CHADDI FROM UR EYES FIRST..
EVEN GIRL CAME BACK AND TOLD THEY WENT ON THEIR OWN WISH
i think the name of the accused police officers should be named in this article....
would also like to know wat the MLAs are doing on this case..... they seem to be busy in only ribbon cutting, attending marriages, going to charity association function in gulf
Police brutality deplorable and condemned. Where is the Muslim Central Committee and Mr. Masood look into this matter.
Totally Misguided, we cant see any hit mark on his body, police should interrogate everyone with whom they get know involved in this. girls reached home safely thank god, if this girls did not return to the house this same person will be protesting everywhere, so please media allow police to do their job, let him face it for whatever he did.
this guy should be punished extreme this s not enough. why he wants to chat with girls knowing the situation in mangalore.
Poor guy, He digged his own grave, keep away yourself from girls.
whats wrong with this police, in india no freedom to talk to girls. serious action must be taken against police.,
nowadays its dangerous to talk to girls through social media, and this boys also cant make them away instead of knowing the fact.
Dear Nisar and all the Muslim youths,
Does your RELIGION allow you to join any groups with girls other than your relatives?
\Then, verily! Your Lord - for those who do evil (commit sins and are disobedient to Allah) in ignorance and afterward repent and do righteous deeds, verily, your Lord thereafter, (to such) is Oft-Forgiving, Most Merciful\""
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