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
Well said Common Man, All Pakistani supporters and their family, followers should be thrown to Arabin sea, if not sufficient throw them to burning fire. Please include - MP BJP IT cell who collected military intelligence of our Motherland and sold them to Pakistan which resulted in the death of hundreds of our brave soldiers. Include also the Napunsak Parivar who go to Pakistan without any invitation, eat beef biryani, attend marriage, wear and offer Sari & Bangles to Pakistanis. Also include all coward anti-nationals who allowed Pakistani Military intelligence officers to visit our Military bases to steal sensitive information. also include all those anti-nationals who issues Fatwas and certificates to Indian Muslims to go to Pakistan and the list is endless......
ಸೋಲುವ ಭೀತಿ. ಬಾಯಿಯಿಂದ ಏನೇನೋ ಬೊಗಳೆ ಮಾತು...ಪಾಪ.
Who is good or bad people better know dat. Y b comunal for vote. These politicians wil not spare their own parents for votes. Y to bring god between vote bank? just to b in power these cheap people can get to any level
non sense ; mr sunil kumar doesn`t know that the whole universe belongs to Allah the almighty . (Allah - the creator, the sustainer and the cherisher of the universe, All praise is due to him ) . and this creations of Allah is comparing ,associating him with his creations is the biggest non forgivable sins of the universe.
People from his constituency shall learn from such speech of their MLA. In Addition Mr. Rahim Uchil has to understand the agenda of so called political party who have always defended for the controversy of so called political party. Now the election not between Allah and Rama it is between Mr. Rahim Uchil and Mr. Sunil Kumar. Jai Ho.
This speaker is a disgrace to Karnataka. May Lord Rama save people of Karkala who made him and MLA.
Well said Sunilanna. Who the hell cares for such petty cases. It’s all common for nationalists. It’s high time all nationalists get united and throw Pakistani supporters to Arabian sea.
In last election he had declared that it will be a clash between Modi and Jihadi. Now he knows that no people will vote for Modi. So started new slogan. What a shameless and uncultured people these politicians are!!!
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