Monday, September 08, 2008

'Karnataka will be made most progressive & investor-friendly'

'Karnataka will be made most progressive & investor-friendly'
Sunday, 09.07.2008, 10:07pm (GMT-7)

  India Post News Service


CHICAGO: Karnataka Chief Minister BS Yediyurappa said here that he was set to make Karnataka the most modern and progressive State in the Indian Union and that a new industrial policy friendlier to investors is on anvil.In a talk to this paper, he conceded that terrorist activities that plague many states in India are also a threat to his state and that he had taken up the matter with the Indian Prime Minister and Home Minister after recent blasts.
He said that PM Manmohan Singh assured him that an increased vigilance and upgrading the training to the police would be provided by the Center. "We are all concerned about these activities and we need to get united to nip them in the bud," he said.CM also said that his government was keen to increase a cleaner supply of energy to the industries in the state and one of the means was to have a bigger generation of power thru windmills.
"Currently we produce 5000 MW through the use of wind mills and we would like to increase it to 10,000 MW. My Atlanta visit is for more exploration in this direction," he said.CM and members of his delegation were accorded reception by Indian Consul General Ashok Kumar Attri at the Consulate office in Chicago Downtown. Welcoming the delegation, Attri listed the tasks that his office handled after he took over and observed that despite a newer team of officials the things went smoothly and quite efficiently.
He paid tribute to his staff for hard work and sincerity. He also mentioned about the co-operation between the State of Karnataka and the State of Illinois and observed that there was greater scope for a further cementing of bonds between the two. He praised the leadership quality of the new CM and welcomed his team to Chicago.Karnataka CM in his brief address outlined some of the salient features of Karnataka economy and pitched for greater flow of investment funds.
He talked about One Window clearance for NRI and overseas investors and listed areas where overseas investment was more welcome. He said that the voters in Karnataka have mandated BJP government to power and it is "up to us to prove our mettle by rising to their expectations and trust."Indians firstSurendra Ullal adds: Addressing a meeting organized by Friends of India Society at Holiday Inn Rolling Meadows, a suburb of Chicago, Karnataka Chief Minister BS Yediyurappa said, "I am happy to be here to meet Karnataka Diaspora and Indian Americans.
I am indeed touched by the love and affection shown to me by all of you." Translating his sentiments in Kannada he said, 'I am overwhelmed and I am grateful to you all. We are Indians first and then Kannadigas, or any other linguistic groups."Referring to the speech of Bhishma Agnihotri, former Ambassador atLarge during the Vajpayee Administration, about many serious ills like terrorism, and communal violence in India, he said that Karnataka also had taken steps along with the Central Government to strengthen its police forces and is continuing to monitor the matter closely to prepare for any eventuality.
He was in Chicago to attend the World Convention of Kannadigas in Rosemont. First BJP Chief Minister of Karnataka, Yediyurappa has been a prominent leader of the party who rose from the position of a volunteer of the Sangha to this exalted position of Chief Minister on May 30 this year.He urged all Indians and Indian Americans in US to keep their love for the land of their ancestors alive and contribute to the welfare of India and her people.
"This is an opportunity for me to invite those entrepreneurs and businessmen here to invest in Karnataka. We have set up an NRI cell there to develop closer business relations between the State of Karnataka and the US, especially the State of Illinois," he said in a fervent appeal."Our state has a strong and well established administrative structure and resources to establish key industrial and technical ventures. We have taken several industrial and technical initiatives. "Karnataka," he said "was a tech-savvy State. Bangalore its capital was a pre-eminent center of IT, auto-tech, bio-technology and many knowledge based industries.
"He was honest and forthright to admit that his government, which is the first ever BJP government in the Karnataka, was determined to take steps to make Karnataka the top industrialized State in the country. Its capital Bangalore, he told the audience exuding pride, "was among the foremost centers of Information Technology not only in the country, but in the whole world," which he declared he would keep up and promote further. He assured that "his government will make all efforts to make Karnataka a model state," amid applause.
He further stated that the state proposed to develop separate industrial zones for steel, cement, auto, ready made garment and other important sectors of economy to benefit an all round development of his state.In conclusion he submitted in humility, which reflected his character as a farmer, who stood throughout his life for the welfare of the farmers and for their rights, "I can only assure you that I will try to change the entire picture of Karnataka within the next three years, because our party has come to power just three months ago and it is improper to predict without adequate and reasonable facts."He was shy of admitting or forecasting anything on any issue except that he would consider his duty to dedicate his time and energy to improve the living conditions of all the people.
"Within the next three years, there will be tremendous changes in Karnataka and then I will come and talk to you in detail about it," he said in conclusion.At a Question and Answer session later, he addressed a number of concerns by the audience, especially regarding the notoriously known poor infrastructure in the State, tough competition given by Chinese dumping of electronic goods in Indian Market and its affect on local economy on developmental front and social issues like what he could do to alleviate the struggle of Kashmiri Pandits, who have become refugees in their own country, and on religious side his governments views on governmental control on the Hindu temple administrations as against the relaxed rule on Churches and Mosques in almost all States, including Karnataka. One of the answers that brought comfort to the audience was regarding the steps he had taken to fight corruption and administrative incompetence.
He said he had already issued administrative notice to the deputy commissioners in several districts to concentrate their duties in their own region and conduct meetings in Hubli instead of coming to Bangalore for every problem.He said he also initiated Computer Conferencing with the main offices in capital, so that there would be substantial savings of time, money and energy. He hoped these could bring down corruption and increase efficiency.
He said 16000 cores rupees are already sanctioned for various infrastructure projects, and initiative had already been taken in terms of decentralization of power in the administration of temples in the State, besides contemplating appropriate legal remedies to help the Kashmiri families now settled in various parts of India, living a life of second class citizens. Earlier, Bhishma Agnihotri, made a spirited appeal to the Indian American community to organize themselves and educate our people back home. "We may not be voting, but we can help them in a variety of ways."
He asked them to call him and others volunteers of Friends of India Society International to extend their cooperation.Consul General Ashok Attri said that under his stewardship Karnataka, which is already among the top industrialized states in the Indian Union, would advance further in every economic and industrial development.
Sunil Puri, well known real estate mughal from Rockford, also spoke highly about the dedication and services of Chief Minister Yediyurappa and expressed full confidence in his ability to lead Karnataka in the direction of high industrial and economic development and make it "Pride of India."Shrinarayan Chadak was the moderator and Anil Deshpande proposed vote of thanks.

Ramesh Soparawala

Wednesday, September 03, 2008

More investors join IT park

More investors join IT park

Bs Reporter / Chennai/ Dharwad September 02, 2008, 3:26 IST

Two Bangalore-based and three newly-incorporated local companies have taken up nearly 28,000 square feet of space in the Hubli IT park recently raising the hopes of attracting more investors to the park dubbed a white elephant. Keonics is managing the IT park located at Tirakaramanakere in Hubli.Developed by the Software Technology Parks of India (STPI) for Rs 45 crore, the IT Park had failed to attract investors for over three years due to a lack of infrastructure in the city and uncompetitive rentals demanded by Keonics. A lack of connectivity was cited as another reason.

The first one to set up its unit in IT Park accepting the special package announced by the state government during the IT Investors’ meet in Hubli in May 2005 was Neilsoft, a Pune-based engineering software solutions company.

Bangalore-based Augen Technologies Software Solutions and Aksatech Solutions have between them taken 18,500 sq ft space for expanding their operations to the tier-II city.

The newly-incorporated Vizteck BPO Solutions, Squtech and Intense Software Solutions are the other companies planning to set up base in IT Park. Two of the companies have already taken possession of the space and have begun interior works while the others have given their acceptance letters.

The state government recently offered a special rate of Rs 9 per square foot to investors who take up the first 50,000 sq ft of the available space on offer.

Tuesday, September 02, 2008

Karnataka delegation in US to promote investments and tourism

Karnataka delegation in US to promote investments and tourism

Sunday, 08.31.2008, 10:48pm (GMT-7)

India Post News Service

NEW YORK: A high level delegation representing the newly formed BJP-led government in the southern Indian state of Karnataka visited the US Aug 24-31 to highlight their new industrial policy 2008-2013, in a bid to promote the state as a hotspot destination in India for investment and tourism.
The delegation held business talks with US State officials, senators, investors, venture capitalists, business heads and investment bankers, as also representatives of the travel industry.At a luncheon meet organized at the Indian Consulate in New York, Aug 27, Karnataka's minister for Large & Medium Scale Industries Murugesh Nirani gave a detailed presentation on the investor-friendly policies of his government, and the rapid growth of the state beyond its capital city of Bangalore."The World Bank certified Karnataka as the No.2 to do business in India and Bangalore (the state capital) as No.1 for the best quality human resources.
Karnataka has the capacity to build quality manpower," Nirani said. "The State is among the fastest growing in India contributing about 5.5% to the national GDP."Nirani stated that the new government was in the process of drafting a new investor policy under the 'Suvarna Karnataka' program, which aims at a sector-wise development of the entire state.The minister conceded that his government has realized the urgency of focusing on infrastructure.
They also aim to provide 24/7 uninterrupted power supply to all of Karnataka.The minister invited potential investors to participate in the Global Investors' Meet 2009, which offers an opportunity for industrialists and entrepreneurs to explore avenues for setting up business ventures in Karantaka.Sudhakar Rao, Chief Secretary to Government of Karnataka gave the gathering a glimpse into what was "new" in the state today.
"What is new in the state today is that we have a new government," Rao said. "And the most salient feature of the new government which took over three months back is that it is a single party majority government unlike the past governments which have been formed by a coalition of parties. So, now we hope to have a stable government."Rao said Chief Minister B.S. Yeddyurappa's vision was to prioritizing agriculture and social security, while restoring Karnataka as the leader of industry. "Governance issues will no longer be a bottleneck to progress and growth," Rao added. "The Chief Minister will personally be monitoring initiatives.
There is a clear and palpable sense that the new government is giving a strong backing for infrastructure projects."Rao said that the capital city of Bangalore has grown at a rate never anticipate. However, there are other Tier II and Tier III cities like Mysore, Mangalore, Hubli, Dharwad, which have also grown to offer equally golden opportunities for investment. "Please come to Karnataka," Rao told potential investors. "But look beyond Bangalore to the other cities too.
"Earlier on Aug 26, some of the delegation members led by the state Minister for Tourism & Infrastructure Janardhana Reddy, made an elaborate presentation on Karnataka as a new emerging hotspot for US travelers, at the Pierre Hotel in Manhattan.During the road-show in New York, Karanataka unveiled its latest product offering, The Golden chariot, which is an ultra-luxury train that connects the major heritage locations of Karnataka including Hampi, Mysore and Bangalore, besides a side-trip to the coastal state of Goa. Reddy said, The United States is a prime source market for Karnataka, and we are launching an aggressive marketing campaign to consolidate ourselves in the market.
"Currently over a hundred thousand US tourists visit Karmataka out of a total of 600,000 international visitors. "While Bangalore, our capital city is a known international tourism brand, we are delighted to find increasing inflows into our other major sub-destinations such as Mysore, which is today a heritage city, the hill stations of Coorg which is famed as the 'Scotland of India' as well as the UNESCO World Heritage Sites of Hampi and Pattadakar," Reddy added."Heritage and eco-tourism are our main thrust areas.
Hampi, which is known as the world's largest open-air museum due to the wide variety of heritage monuments, temples, and sculptures in one area, is today, as big a draw as any in India. Interestingly, in the temples of Hampi, which are over 700 years old, prayers and rituals are still held today as they were in ancient times," he said.Due to the increasing tourist traffic, an airport has been opened near Hampi with direct commercial flights from Bangalore.
The ultra-modern new international airport at Bangalore, developed as a joint venture with Zurich Airport and Siemens will play a major part in the development of Karnataka as a destination, with British Airways, Lufthansa, Air France, Emirates, Air India and others connecting Bangalore directly to key global capitals," said Viswanatha Reddy, Director of Tourism.

SRIREKHA N. CHAKRAVARTY

Friday, August 29, 2008

Tatas invited to Dharwad

Tatas invited to Dharwad

Bangalore, DHNS:

The State Cabinet on Wednesday decided to invite Tata Group to set up its Nano car plant at Dharwad .
Rural Development & PR Minister Shobha Karandlaje said the government decided to invite the Tatas to consider shifting the project to Dharwad and expressed its willingness to provide additional land. “We are ready to give 50 to 100 acre additional land if they are willing to shift the Nano unit to the state,” Karandalje said.