GIM 2012: Have no doubt, we’ll sort it out, says Karnataka CM

GIM 2012: Have no doubt, we’ll sort it out, says Karnataka CM

Published: Saturday, Jun 9, 2012, 10:19 IST 

By Y Maheswara Reddy | Place: Bangalore | Agency: DNA

Chief Minister DV Sadananda Gowda believes that the Global Investors Meet-2012 has been a resounding success. The chief minister said that the two-day show that concluded on Friday netted total investment commitments of Rs7.6 lakh crore, with the number of MoUs signed touching 730. The proposals, he said during his valedictory address, had the potential to create 15 lakh jobs.

Congratulating minister for medium and large industries, Murugesh R Nirani, and officials of various departments for making the GIM 2012 a “grand” success, Gowda said: “We have gone beyond our own expectations on the success of GIM 2012. I am very happy with its success. The GIM 2012 has received `7.6 lakh crore investments and 730 MoUs and expressions of interest were signed. Apart from this, Rs1.68 lakh crore worth of registrations of interest for infrastructure projects were received.”

Urging investors not to have any doubt on the implementation of the projects signed at the GIM 2012, the chief minister said a high-level committee will soon be constituted under the chairmanship of chief secretary to look into issues.

“The committee will meet once in a month and monitor the progress of the projects.The committee will have representatives from industry and trade associations,’’ he said.

Gowda also said that he will take a special interest in implementing most of the projects signed at the GIM 2012. “I will take measures to have exclusive review of these proposals made at the GIM 2012. No investor should hesitate to call me overmy mobile phone if he has any doubt about the implementation ofthe project or faces any problem from government departments,’’ he said.

Earlier, chief secretary SV Ranganath said that around 10,000 delegates attended the GIM 2012. “More than 200 industry leaders were present. The GIM 2012 registered 40,000 footfalls. Around 500 business-to-business (B2B) meetings were held. The GIM 2012 had attracted 460 exhibitors from eight states and 13 countries,’’ Ranganath said.

Assuring the state government’s commitment to facilitate the realisation of investment commitments made at the GIM 2012, he said the gas pipeline project - approved during GIM 2010 - would become reality by next month. “I am proud to say that 400 approvals were given in the last three months. The government is planning to create an infrastructure board (autonomous) and the Infrastructure Bill will get legislature approval shortly. It will be introduced in the next legislative session,’’ he promised.

To create a conducive atmosphere for investors, he said the government is contemplating to introduce an investor relationship management system. “A government official will be assigned to upload all the information on the progress of various projects and the proceedings of the review meetings,’’ he said.

To make land allotment hassle-free, the government plans to speed up the land allotment process.

“The process of layout planning will commence after the preliminary notification and a notice will be issued for the price advisory committee after the final notification. The government will ensure bulk approvals for department clearances such as the Pollution Control Board,’’ he said.