PM Modi to inaugurate Global Investors Meet ‘Invest Karnataka 2022’ today

According to the Prime Minister’s Office, the aim of the meeting is to attract potential investors and set the development agenda for the next decade.

The three-day event, being held from November 2 to 4 BangaloreOver 80 speakers will see the session.

Speakers include some top industry leaders including Kumar Mangalam Birla, Sajjan Jindal, Vikram Kirloskar. Simultaneously, several commercial exhibitions with over three hundred exhibitors, and country sessions will run in parallel.

The country sessions will be hosted by each of the participating countries – France, Germany, the Netherlands, South Korea, Japan and Australia – which will bring in high-level ministerial and industrial delegations from their respective countries.

CM Basavaraj Bommai has said ‘invest karnatakaAn important meeting that welcomes all technocrats, young engineers, IT/BT experts, startups, academic institutions and global and domestic investors.

CM Bommai said, “‘Invest Karnataka’ is going to grab the attention of the whole world. Global investment is coming here as Karnataka has a prosperous environment. It will lay a strong foundation for the development of Karnataka in the next five years.”

Karnataka CM said he is expecting 5 lakh crore investment and state high level committee has already approved for investment of more 2.8 lakh crore.

“Karnataka state is making a big leap in the industrial sector and that will be evident,” he said.

Bommai said most investors have shown interest in investing outside Bengaluru, and new industries are coming up in Ramanagara, Hubballi-Dharwad, Ballari, Kalaburagi and Mysore.

Industries today are crossing regional barriers. The dream of Beyond Bangalore is becoming a reality. Last week, the upcoming FMCG cluster in Dharwad was inaugurated in Hubballi and investment was expected in 10,000 crores. This will provide employment to more than one lakh people. Textile Park will be set up in Kalaburagi, Vijayapura and Raichur districts; Pharma Park at Yadgir; Electronic Park in Mysore and Defense Production Unit at Tumkur. “The situation in Karnataka is favorable and plays an important role in the creation of New Karnataka. We aim to contribute one trillion dollars to the Prime Minister’s vision of India’s five trillion dollar economy. The ecosystem that exists in China is present in Karnataka. The state Has made achievements in the manufacturing sector.

In addition, it is at the forefront of electrical, mechanical, energy, iron and steel sectors. Apart from this, a strong foundation of electronic and artificial intelligence has been laid. We have been at the forefront of IT/BT in the last two decades and Bengaluru is known as the Silicon Valley. Karnataka contributes 40% in IT/BT exports and the largest number of jobs are created in this sector in IT/BT. The state is ahead in agriculture production, IT/BT, startups and others. Industrial policy, ease of doing business has helped in attracting investments here. The state has attracted 38% foreign direct investment in the last four quarters.