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
U people not able to govern your own country Pakistan and tell us
Rethinker
Muslim ruled this county indian for 1000 years...this india belong to muslim, you get out from my country and for your kind information HINDUS name is given by arab muslim atleast say thanks for them, you maron.
by 2040 muslim population will be equal to hindus 50-50....that time our kid will kick your ass with there boot.
True Muslim Warrior
YOGESH : When people are facing problems from cheddis, they were silent cos they fear cheddis might harm them...
PFI and CFI along with other dalit orgn stood against this oppression.
VENKI : Did U ever read about ISLAM, U are really ignorant of the teaching of ISLAM, YOU may be brainwashed by cheddis into thinking the opposite of what ISLAM says... To know what is ISLAM dont depending on the ENEMIES version... Please God has given U intellectual Use it and read the QURAN once in your life time... U will understand better \What is ISLAM\"
RETHINKER : Please ! need to Reboot your chip in your brain... U have lot of cheddi ideology feeded in it.. need some flush over it. Atleast take some dalits to your house and give them food to eat and dont wash that place as soon as they live... Its the arrogance that spills from such people. Its the way of the people of hell.. So dont be one of them.
All humans are from one God and God judges only by their deeds and not by status."
Viren...
Either U are DEAF or partially BLIND...
1.Pak flag hoisted by bajrangis
2.PM visited Pak without invitation (Shame)
3.Blasted in Kannur while preparing Bombs in Kannur and many places earlier was by BJP and cheddi member
4.Killing for animals are cheddis bow bow
5.Killing their own BJP members too (Evil is your thinking)
6. Godhra fire started from inside the bogie... Media is silent after the finding.
7.Creating fake facebook page and deceiving public.
Dont think everything will go unaccounted.. the one who created U ME and all that exist will judge and his judgement will be the JUST ...
Peace will be there when U recognise the TRUE GOD and follow his guidance ... unless we recognise that We will never get Peace... Everbody will fall traps to evil of Cheddis who deceived many who are still sleeping...
Viren Kotian, Mangaluru
Are you addressing this to RSS and BD right ?? I also want to tell these RSS terrorists that stop killing innocents and stop carrying blast in our India.
Also we cant sleep well till we destroy terrorists like RSS, BD,VHP ,ABVP
How can you build a 'powerful HINDUstan if Hindus and Muslims are united? It will be MuslimHindustan. Unity among Hindus is more than enough to build a Hindustan. Muslims can go to Pakstan or Mecca.
Stop killing innocents, carrying out blasts and supporting Pakistan. Peace will automatically come. You people need not to worry. Go home and sleep well.
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