K’taka sees opportunity for collaboration in various sectors, CM tells Consular Generals


Team Udayavani, Dec 3, 2020, 8:12 AM IST

Bengaluru: The Karnataka government on Wednesday told Consular Generals of various countries that the state sees the opportunity for collaboration in digital economy, aerospace and defence, energy, infrastructure and manufacturing sectors.

Chief Minister B S Yediyurappa addressed Consular Generals of various countries on Wednesday and discussed the opportunities to attract trade and investments to the state.

The meeting touched upon numerous business opportunities and investments that are available for foreign investors in Karnataka, and the Chief Minister held talks with Consular Generals and detailed on the immense opportunities IT, ITES services, machine tooling, manufacturing, aerospace, biotechnology, defence, energy and engineering design among others, an official release said.

“The state has secured the highest FDI among all Indian states in the April-June 2020 quarter, with FDI of over Rs 10,000 crore. Moreover, Karnataka has attracted 50 per cent of the investment proposals in India, amounting to Rs 1.1 lakh crores between January to May this year, Yediyurappa was quoted as saying in an official release.

The state has also taken a slew of policy reforms in the last six months to attract investments and develop tier-II cities such as Mysuru, Mangaluru, Hubballi-Dharwad, Belagavi, he said, the critical policy reforms are procurement of land, labour and amendment of Karnataka Industrial (Facilitation) Act, that allows any approved project to start without any downstream approvals.

“We are actively working on Industrial Corridors. Tumakuru, which is just 70 km away from Bengaluru, is going to be one of the largest Industrial Townships in the entire country with 10,000 acres of the planned area. We will be pleased to provide infrastructure for your companies as well, to make it easy for them to invest in Karnataka,” he added.

Consul-generals of Spain, Poland, Slovenia, Czech Republic, Rwanda, and others were present at the meeting that was also attended by top state government officials.

Saying that the state is taking cautious steps to reboot the economy and support economic activities in the state and the recent 2019 NITI Aayog 2019 Innovation Index has Karnataka at the top, Yediyurappa said, this has been possible due to the availability of quality human resources, reputed higher educational institutions, and a significant thrust on research and development aided by a proactive administration and conducive investment climate.

Keeping the investor-centric approach, our government has launched the New Industrial Policy 2020-2025, to build a prosperous Karnataka and create large-scale employment opportunities.

The state is committed to bringing ease to regulatory compliance for businesses, he added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Farooq Abdullah seeks inquiry into spike in terror attacks in Valley since Omar’s swearing-in

Sabarimala pilgrims to get free insurance coverage of Rs five lakh

Related Articles More

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Kumaraswamy sheds tears during elections but vanishes when people are in tears: Shivakumar

CM Siddaramaiah promises efforts to include Kannada label on products made in Karnataka

“Chinnara Banna-2024” held successfully in Bantwal

Kharge getting personal on PM’s political observations on Karnataka surprising: BJP MP

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.