Tuesday, March 26, 2019
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INVENT in Karnataka, INNOVATE in Karnataka, INVEST in Karnataka

cm5a“INVENT in Karnataka, INNOVATE in Karnataka, INVEST in Karnataka”
As part of “Invest Karnataka 2016”, an Interaction Meet was held where Chief Minister, Cabinet Ministers & Industry representatives participated.
Union Finance Minister Arun Jaitley will be the chief guest at the global investors meet here next month to highlight investment opportunities in Karnataka to be held at Bengaluru Palace Grounds from Feb 3-5.
CM and Energy Minister said that the state has already finished completion of new thermal power plants and in a few months time, Karnataka will be self sufficient in Electricity.
“During the last two years, we have approved more than 450 projects bringing in investments of around Rs.1.21 lakh crore and generating 2.44 lakh employment opportunities, but much more needs to be done.”
“Shell, Tata Power SED, Bosch, Scania many others have made investments and capacity expansions. All of them will Make in Karnataka – for India and the world,” Chief Minister Siddaramaiah has said.
Other investments cited by the Chief Minister include Honda’s two wheeler manufacturing plant in Narasapura, Asian Paints paint manufacturing plant in Mysuru, GlaxoSmithKline manufacturing unit, HAL copter unit in Tumkur and Toyota’s expanding operations in Hassan.
He said 90 percent of the $500 million worth of components sourced by Air Bus for its aircraft A 330, A 350 and A 380 are supplied by Karnataka based companies.
CM Siddaramaiah said he entrusted Industries Minister R V Deshpande to personally look into the ‘ease of doing business’ initiative.
“Our focus at all times is to ensure economic growth so as to improve the lives of each and every person in the State. Through Invest Karnataka-2016, we want to convey and reiterate the same message,”

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