Karnataka GIM fetches proposals worth Rs 7.6 lakh-crore
The Hindu BusinessLine
Curtain call: Dr Raghupati Singhania, vice-chairman and MD, JK Tyres, and Mr D.V. Sadananda Gowda, Chief Minister of Karnataka, at the valedictory of the Global Investors Meet 2012 in Bangalore on Friday. – Photo: G.R.N. Somashekar
BANGALORE JUNE 8:
Karnataka has received investment proposals worth Rs 7.6 lakh-crore at the Global Investors Meet (GIM) 2012 with the potential to offer 15 lakh jobs. In addition, Rs 1.68 lakh crore was received as registration of interest for infrastructure sector.
A total of 730 MoUs were signed during the meet. Buoyed by the success of the meet, the State leadership has assured the business community that all MoUs signed at the two-day event will be taken to their logical end.
“GIM 2010 laid a ‘strong foundation' and GIM 2012 has built ‘tower of hope'. We expect success in days to come,” Karnataka ministers said. About 12,000 delegates, 800 companies, 462 exhibitors, over 30 MSMEs and 40 countries took part in this edition of GIM.“In the last two days, GIM has focused on a range of upcoming sectors such as economics, science and technology, engineering, tourism, textile, infrastructure and energy,” the Chief Minister, Mr D.V. Sadananda Gowda, said during the valedictory function of GIM 2012.
“The State realises that land is one of primary issues. The government has taken a series of positive steps to build a land bank near Devanhalli for software and electronic hardware park,” the Minister for Large and Medium Industries, Mr Murugesh R. Nirani, said. The State has allocated 4,000 acres for science city in Challakere, about 200 km from Bangalore, he added.
In the last edition of GIM, 389 MoUs worth Rs 3.91 lakh crore were signed. Of them, 72 per cent are in various stages of implementation, he said.
Curtain call: Dr Raghupati Singhania, vice-chairman and MD, JK Tyres, and Mr D.V. Sadananda Gowda, Chief Minister of Karnataka, at the valedictory of the Global Investors Meet 2012 in Bangalore on Friday. – Photo: G.R.N. Somashekar
Karnataka has received investment proposals worth Rs 7.6 lakh-crore at the Global Investors Meet (GIM) 2012 with the potential to offer 15 lakh jobs. In addition, Rs 1.68 lakh crore was received as registration of interest for infrastructure sector.
A total of 730 MoUs were signed during the meet. Buoyed by the success of the meet, the State leadership has assured the business community that all MoUs signed at the two-day event will be taken to their logical end.
“GIM 2010 laid a ‘strong foundation' and GIM 2012 has built ‘tower of hope'. We expect success in days to come,” Karnataka ministers said. About 12,000 delegates, 800 companies, 462 exhibitors, over 30 MSMEs and 40 countries took part in this edition of GIM.“In the last two days, GIM has focused on a range of upcoming sectors such as economics, science and technology, engineering, tourism, textile, infrastructure and energy,” the Chief Minister, Mr D.V. Sadananda Gowda, said during the valedictory function of GIM 2012.
“The State realises that land is one of primary issues. The government has taken a series of positive steps to build a land bank near Devanhalli for software and electronic hardware park,” the Minister for Large and Medium Industries, Mr Murugesh R. Nirani, said. The State has allocated 4,000 acres for science city in Challakere, about 200 km from Bangalore, he added.
In the last edition of GIM, 389 MoUs worth Rs 3.91 lakh crore were signed. Of them, 72 per cent are in various stages of implementation, he said.
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