“Come, invest in Karnataka” – Minister Nirani invites Andhra and Telangana investors
GIM 2022 is to be held in Bengaluru from 2nd- 4th November 2022
Hyderabad, Oct. 14: In the run-up to the Global Investors Meet (GIM) to be held in Bengaluru from November 2 to 4, Karnataka’s Minister of Large and Medium Industries Dr. Murugesh R. Nirani invited Andhra and Telangana investors today to participate in the event and invest in the state at a roadshow in Hyderabad.
The state held its domestic roadshow at Hyderabad to promote Karnataka as a leading investment destination of the country by offering potential investors a host of incentives meant to garner investments and bring new business.
The state delegation led by Dr. Nirani, along with other top officials met a host of potential investors in Hyderabad to invite them to the Global Investors Meet in Bengaluru, home to branches of more than 400 of the Fortune 500 companies, during November 2nd – 4th.
The domestic roadshows for GIM were kickstarted in Delhi earlier this week and the next roadshow will be in Mumbai.
GIM 2022 is a flagship investor event for the state of Karnataka. The purpose of the event is to showcase the robust industrial-friendly ecosystem, attract investments from global players, and spread industrialization across the state.
Speaking at the roadshow, Dr. Nirani said, “We have discussed the investment opportunities and our industrial policy with the investors of Andhra and Telangana. Many top companies have expressed interest to invest and expand their businesses in the state.”
“Karnataka has emerged as India’s leading investment destination through many reform measures taken by the government. Investments of more than Rs 3 lakh crore have been confirmed through the execution of M0Us. The state continues to remain #1 in attracting FDIs during Apr’21-March’22 with Rs 1.76 lakh crore ($22.1 Bn), 38% share of the total FDI in India,” he added.
For the Global Investors Meet, a total of 50,000 acres of land — 20,000 acres in Bengaluru and 30,000 acres across the state has been earmarked. The state is expecting over Rs 5 lakh crore in investments and generation of 5 lakh jobs through the GIM.
“We have recently completed international roadshows in Japan, South Korea, the US, and Europe. Our aim is not only to get investments but to bring the industry giants under one platform. Around 5000 delegates are expected to participate in the Meet.” Dr. Nirani added.
He said that with the key themes of resilience, innovation, sustainability, and equity, we are committed to setting Karnataka’s development agenda in line with global best practices and showcasing our strong ability to ‘Build for the World’. “The State of Karnataka offers an excellent industrial ecosystem, world-class infrastructure, and industrial-friendly policies. The delegation is here to invite potential investors to the Global Investors Meet,” Dr. Nirani added.
Dr. E.V. Ramana Reddy, Additional Chief Secretary to Government of Karnataka, Commerce, and Industries, who is part of the State delegation said, “Karnataka State is the preferred destination for investments in the manufacturing & sustainability sectors. We are working consistently both from a policy intervention and industry perspective to build state-of-the-art infrastructure to support a robust industrial ecosystem. Through meetings with top companies in the capital city, we are looking for collaboration opportunities and to engage with global businesses and thought leaders across sectors.”
During the one-day roadshow in Hyderbad, the delegation met the representatives of Bharat Biotech, Axial Aero, Sai Life Sciences, Vibrant Energy, Axis Energy, Pentagon Rugged Systems, Vimta Labs, Lauras Labs, and other major companies where the minister showcased the industry-friendly policies of the state and presented Karnataka as an ideal investment destination for manufacturing companies.
Ms. Gunjan Krishna, Commissioner for Industrial Development, Ravi Kumar Reddy, Chairman, ASSOCHAM, Telegana State Development Council & CMD, Pooja Ahluwalia, Assistant Secretary General, ASSOCHAM were also present during the roadshow.
Invest Karnataka 2022 – Global Investors Meet
The Global Investors Meet 2022 is a platform to join industry leaders, innovators, and policymakers from all over the globe to explore new growth possibilities.
Around 5000+ global delegates are expected to attend the Meet. The GIM with contemporary themes will be an opportunity to connect, collaborate and network with global leaders.
The Meet will host plenary sessions, tech-driven special sessions, B2G meetings, 300 + stalls to exhibit products and solutions, cultural shows from Ricky Kej, and Vasundhara Das, Yakshagana performances, Jugalbandi, local food experiences, wine tasting, nature trails, networking, and much more.
Karnataka – A land of opportunities for companies to invest
Key Offerings that make Karnataka the most attractive investment destination in India
• Investor-friendly policies with multiple financial incentives to create favorable cost economics
• Readily available industrial eco-system including a land bank of 50,000 acres that has been earmarked for industrial development.
• Highly skilled & trained labor workforce, along with a robust skill infrastructure and subsidies
• Well connected to demand centers and gateways with an efficient logistics network
• Revamped processes to facilitate Ease of doing business
• Industrial ecosystem well supported by World Class Social Infrastructure
For more information, please visit – https://www.investkarnataka.co.in/