Karnataka CM invites global firms to invest in state | Business Standard News
Karnataka is at the heart of economic development in India. Karnataka has a robust Today every state in India competes for investments. I am delighted to say. INVEST KARNATAKA – a Global Investors Meet, held at Bengaluru As Seen News Papers – New Industry Policy Karnataka State – Karnataka will hold a three-day 'Invest Karnataka ' meet here “This year we have rechristened the event as 'Invest Karnataka ' from global investors' meet (GIM). infrastructure as promised by the New Industrial Policy ,” he Within the State, investment meets are to be held at Mysuru.
Success in Karnataka and in the Indian subcontinent Volvo believes that their success in Karnataka and India is because their goals were aligned with the national and state priorities such as developing environment-friendly products, helping urbanisation, ensuring safety standards and contributing to skill development.
Volvo currently has manufacturing setups in Hosakote, Peenya, Bengaluru, and Pithambar in MP supported by 3, employees and sales and services personnel. Apart from manufacturing and distributing in India, Volvo also exports its construction equipment to Latin America, South America and other parts of Asia.
Volvo aims to enable quicker superior quality infrastructure development by building better road technologies. They also help power the Indian navy and coastguard. RAASTA Academy provides consultation in better road building and offers postgraduate programmes and trainings in road technology.
Future plans Volvo believes that the best way to predict the future is to create it yourself. Their long-term vision is to become the leader in sustainable transport solutions. To achieve the same, the company is keeping cognisance of five trends they believe will shape the future: Economic power shift from west to east.Global Investor Meet 2010 in Bengaluru -
The CM further said that the state would reach the targets sin the new industrial policy, one year ahead of the timeframe. The new policy envisages 12 per cent industrial growth, Rs 5 lakh crore investment and generation of 15 lakh jobs.
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On the common refrain by the corporate sector regarding non-availability of land, he said the state cabinet had recently decided to hand over 13, acres to Karnataka Industrial Area Development Board. Over top global and Indian leaders, including marquee investors, would take part in the meet, besides CEOs of domestic and global corporations, he pointed out.
Karnataka government to attract investments of Rs 5 lakh crores over the next 5 years
Both Siddaramaiah and Deshpande described as "tremendous" the response to the event, preceded by roadshows held within the country as well as overseas. On infrastructure bottlenecks, particularly in Bengaluru, a main source of concern for the investors, he said the government was trying to overcome them.
He said at a meeting recently, Union Minister for Road Transport and Highways, Nitin Gadkari had responded "positively" to a state proposal regarding funding the km long peripheral road project for Bengaluru. The project, which envisaged upgrading the roads into national highways and elevated corridors to connect them, required Rs 8, crore for land acquisition and Rs 3, crore for laying roads, he observed.
To a query on frequent complaints by the state government about lack of cooperation from the Centre, Siddaramaiah said, "We expect cooperation from the Centre.
They will have to cooperate.