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
what the hell man!!
modi fan ask your mother what has congress done so far, you would be born to british pig if congress not fought for our beloved country, you are the biggest traitor, am assamed of you.
may be you born to them god knows
Muslim rajya after 50 year & you will be minority...pack your bag now itself to nepal..
but we muslim always respect the minotity or majority irrespective of cast,.
hindu, muslim, crist all people are belong to one GOD.
they we leave peacefull life after india become muslim country. mark my word very soon
I appreciate mewani. only dalits grassroot leaders can understand pain of fellow caste men.... dalits should understand this , instead of following uppercaste ring leaders , should think their empowerment thru themselves or thru with the support of like minded parties and by aligning with the people those make you to suffer since centuries...
Young Mevani is a respectful Leader!
Dalits must stand in Solidarity with the oppressed people of India.
Who the hell are you Mevani ? What locus standi do you have in our State Karnataka. To hell with you and your Urban Naxalites. You can keep on ranting and spewing your venomic diatribes against the Nationalists. We people of Karnataka will only dismiss you with the contempt you deserve. We are ready to confront you on every possible forum. This fight between you and the patriots are not going to be restricted to electoral battles. We will fight you on principles and ideologies. You might have won your election with the tacit support of the Congress. You and your ilk will face your waterloo in Our Karnataka.
Just to encroach votes and to grab the power chair, these traitors are dividing people based on caste and religion. If they are so generous let them shell out from their pockets throughout the year to each family..why just during election time? When I am standing and breathing in this land we should respect this India. Don't bark like mad street dogs, rather go help people who are really suffering being poor. Don't bring your propaganda for political gain and power !!!! and I belong to lower caste but I am Indian first
you want Congress? are you brainless? What has Cong done since independence? why the country is still like this? only an idiot would help Cong come back in the center. Rahul is a joke..
Kannadigas, Wake up and Be aware! Very shortly you are likely to be overrun by a pretender called Mewani that only talks about dalit cause, but himself hobnobs with the New Delhi/ Congress elites. He did not even visit the families of the dalits who were recently murdered in UP and Haryana, and also not reported by English media because "it did not fit their narrative". Several Hindi media covered the news story and also pointed out this hypocrisy of Mewani and others.
Another idiot who is portraying his unashamed personal ambition as a Dalit grouse! Another Kachadawal in the making. The original will bite the dust next time around; the new one will as well.
He said the same in Gujarat.. now in karantaka. No use actually. final result will be favour to BJP
I dont think so, Mr. Mevani can make big difference..! He is against BJP. BJP people are strong enough. May be BJP may give feeling of losing. But they are working hard behind.. They will do all the gimmicks. Through that they will "snatch" dalits and minority votes too
Whatever happen, there are still hardcore BJP fans.. They will do anything for BJP.. brainless people
BJP cant snatch not a single vote from dalits (if they have brain)
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