March 4, 2024


Truth Triumphs

Karnataka starts domestic roadshows for Global Investors Meet from Delhi

GIM 2022 is to be held in Bengaluru from 2nd- 4th November 2022

New Delhi, Oct. 11: The government of Karnataka today started its domestic roadshows from New Delhi to promote the state as a leading investment destination of the country by offering potential investors a host of incentives meant to garner investments and bring new business to the state.

In a series of roadshows, the state delegation led by Dr. Murugesh R Nirani, Minister of Large & Medium Industries, Government of Karnataka along with other top officials from the state will meet a host of potential investors in Delhi, Hyderabad, and Mumbai to invite them to the Global Investors Meet (GIM) to be held in Bengaluru, home to branches of more than 400 of the Fortune 500 companies during November 2nd – 4th.

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 event, Bhagwanth Khuba, Union Minister of State for Chemicals, Fertilizers & Renewable Energy said “The world is looking at India for its cost competitiveness, favourable policy environment, and youngest labour force. Under the able leadership of Prime Minister Modi, we are moving forward to achieve the 5 trillion economy vision soon and I hope that Karnataka will be leading the country in the forefront.”

*Kicking off the domestic roadshows, Dr. Murugesh R Nirani said, “Karnataka is India’s leading investment destination. The state continues to remain #1 in attracting FDIs from Apr’21-March’22 with Rs 1.76 lakh crore ($22.1 Bn), 38% share of total FDI in India. 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 5 lakh employment during 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.” he added.

Talking about GIM 2022, Dr. Nirani 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,” he added.

During the one-day roadshow at New Delhi, the delegation met the representatives of ITC, Scape India, Renew Power, Sembcorp Energy, Lithion Power, Dalmia cement, Sterling Tools, Nestle, Jubliant Food Works, Garuda Aerospace, Ocean Pearl Hotels, V- Guard Industries, Nithin Sai Renewables, where the minister showcased the industry-friendly policies of the state and presented Karnataka as an ideal investment destination for the manufacturing companies.

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