VIJAY TIMES NEWS
Hubli: Destination Hubli is all set to hold its first ever investors meet on Saturday to attract investments in information technology and other related sectors to make Hubli-Dharwad an IT hub of North Karnataka. The meet, which has been postponed twice earlier, will try attract IT investments from all categories - minnows to giants.
The meet holds significance in the backdrop of increasing complaints of infrastructure bottlenecks at the national IT capital Bangalor and some companies choosing neighbouring states for investment. Cost of land and unavailability of space were acting as potential barriers in choking new investments in the State capital.
The initiative to host the meet has been taken up by Karnataka Chamber of Commerce and Industry in active association with the administration in order to highlight the need for showcasing secondary and tertiary cities as potential IT destinations, sources stated. Mangalore has been preferred by some companies due to North Karnataka cities due to better air connective. In fact infrastructure, investment climate and availability of trained human resource was better in cities such as Hubli. The government should encash the opportunities of these cities to channelise investment going out of Bangalore.
There are lot of apprehensions and expectations from the investors meet. There is a touch of cynicism with a group feeling that not much drastic changes will have taken place in Hubli cities. However, another school of thought has a very positive outlook, especially given the improvement in road and other infrastructure in Hubli, the sources revealed. The better drinking water and communication facilities have rubbed off on the enthusiasm to promote Hubli as the next IT destination, the sources stated.
The organisers expect the presence of Chief Minister H D Kumaraswamy, who also holds the IT portfolio, and his deputy Minister B S Yediyurappa (who holds the Finance portfolio) will give an impetus to put Hubli on the global IT map.
Infosys, IBM, Hewlett Packard, TCS and Wipro are sending their representatives to the meet and that has added to the enthusiasm of the believers. Now, the onus is on the government to fulfil the expectation of the people and organisers by announcing major policy initiatives to check the outflow of investment from the state.
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