Bengaluru likely to host Global Investors’ Meet in December

Team Udayavani, Mar 22, 2021, 2:46 PM IST

Mangaluru: Minister for Large and Medium Industries Jagadish Shettar on Sunday, March 21 said that  ‘Global Investors’ Meet ‘ likely to  be held in the month of December in Bengaluru

Speaking after inaugurating the Karnataka Coastline Business Conclave-2021 in Mangaluru, Shettar said, ” If Covid-19 situation is under control, ‘Global Investors’ Meet’ will be held in December, if not, it will be pushed to February 2022.  The government is planning to set up 5-6 industrial townships across the state and as announced by CM B S Yediyurappa in the recent budget,  the first such township will come up at Peenya in Bengaluru”

” Also, Amendments to Land Reforms Act, Industries (Facilitation) Act have helped in industrial development of the region. Despite the Covid-19 situation, State Government has approved 382 industrial proposals worth Rs 76,376 crore which will generate 1.77 lakh jobs,” he added

He further said, ” Karnataka stands first in attracting investments in India. Out of the Rs 4 lakh crore worth of investments that the country received in the last year, Karnataka’s share was Rs 1.60 lakh crore which is 39% of the total investments”