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
India , Pakistan fought any War for political reasons.. soldiers killed from both sides are victims of war... we can not say 'Pakistan killed Indian soldier kaur ' or 'India killed pakistani soldien Khan'... with that sense , what student Gurmehar said is sensible .. RSS educated people like Simha may not understand this ... by equating Dawood with Gurmehar , he indirectly honored dawood's position.
Pratap simha is hebbulli,,,,real simha,,,every student is wid simha,,,not this low life kaur,,,,she has made herself luk stupid,,,,simha roar...
Guys please ignore the comments of \ naren kotian, Singapore\" always negative comments on Muslim on a manner like children of primary school age.....
just do not entertainment.... \"Kesarigi Kallu Haakabedi\""
hahaha 6 comments out of which 5 comments from one particular community , this says all :) hahaha ..now after seeing this message , madrasa IT cell , will change name as rama , krishna , suresha , mangesha , kaamesha ,pumpesha , pottel raja etc and start posting comments .hahaha... azeeza i like it ilike it .burnol beka , ice mele andu itkondu kooru
Which POLICE men - those who take bribe each and every corner.
Don't COMPARE MARTYR's with POLICE MEN.
BJP IT Cell has set up sophisticated telephone exchanges to sell India's military secrets to Pakistan. One of their gang busted recently in Madhya Pradesh. Due to this many of our brave soldiers lost their lives under the present govt. Sanghis have been anti-Indian, anti-secular, anti-women fascist gang right from pre- independence till today. No wonder their opposition to this sister.
it was not the chaay wala who killed innocent Muslims, pregnant women and kids in Gujarat but his supporters
Naren Thoo kitha bhi bonko tera asliyath har bar niklega . jb thoo har bhar bhonkega
BJP member's caught providng information to ISI.....hi hi hi hi hi people won't forget
Modi picked himself is garbage and picked all garbage in his administration....
rightly said ... jihadists are taking democracy as an advantage and commiting henious acts against India . bholo bharath mata ki jai ... jai bjp , jai sangh parivar ,jihadists media are screaming and rallying behind this gal as she is supporting pakistan .
Add new comment