The Karnataka Government Signed MoUs worth Rs 2.1 Lakh crore on the Inaugural day of “Invest Karnataka 2022”, its flagship Global Investors’ meet in bengaluru on Wednesday.
Prime Minister Narendra Modi virtually inaugurated the The Global Investors Meet and invited investors from all across the world to come and invest in Karnataka. “Ï can see that companies from all over the world are participating in this meet. I have been told that investment partnerships worth thousands of crores of rupees are expected to fructify during the event, and it will generate employment opportunities for the youth at a large scale,” he said.
In his Inaugural speech Modi said that Karnataka represented a wonderful confluence of technology and culture. “This is a place that is known for its architecture as well as vibrant start-up ecosystem. Whenever talent and technology are talked about, the brand Bengaluru comes to mind first, and this name is established not only in India but worldwide. The state is also known for its natural hotspots. I am happy that GIM is happening in India, and it is a perfect example of competitive and cooperative federalism,” he added. The Prime Minister expressed that while the whole world is passing through a crisis, India is being identified as a bright spot by experts and economists, and we are working on our fundamentals to strengthen our economy further. “The number of Free Trade Agreements that we have signed in the last few months have indicated towards our preparation to the world,” he said.
On this occasion he added that the power of a double-engine government was propelling the development of Karnataka, adding that, “Investing in India means investing in inclusion, investing in Democracy, investing for the world, and investing for a better, cleaner and a safer planet”. The three days ‘Invest Karnataka’ event launched under the theme of ‘Build for the World’ theme.
Karnataka Chief Minister Bommai assured all support from his government to the investors in the state and said that “Karnataka is a pioneer in recovery from the covid impact. The state has been able to garner good investment post-covid. This shows the trust our investors have in us who have all gathered here at the Global Investors Meet.” He said, Government will provide “ all permissions and clearances “ to investment proposals signed during the ongoing global investors meet within three months and make them a reality. Speaking during inaugural ceremony cm Bommai said first of three days meet , expects to attract Rs 7 Lakh crore in investment proposals and MoUs have already been signed for 2.8 lakh crore proposals. “In the future, I am convinced that Karnataka will be the global center of innovation and research & development,” he added.
Among the top industrialists spoke on investment , Chairman Jindal Group, Sajjan Jindal, Vice Chairman, Toyota Kirloskar Motor Pvt Ltd, Shri Vikram S Kirloskar; Chairman, Wipro, S Rishad Premji; Vice Chairman, Bharti Enterprises, Rajan Bharti Mitta; CEO, Adani Ports and SEZ, Karan Adani and MD, Sterlite Power, Pratik Agarwal and shared their experience in Karnataka and expressed continued interest in the state.
Karnataka Governor Thawar Chand Gehlot, Union Cabinet Ministers, Finance Minister Nirmala Sitharaman; Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles Minister Piyush Goyal; Parliamentary Affairs, Coal and Mines Minister Pralhad Joshi; Minister of State for Skill Development and entrepreneurship and Electronics & Information Technology Rajeev Chandrashekhar were present at the inaugural session held in Bengaluru.
Extending a red-carpet welcome to the investors, Minister Dr. Murugesh R. Nirani promised to provide all the necessary assistance. “The Global Investors Meet 2022 is a platform for industry leaders, innovators, and policymakers from all over the globe to explore new growth opportunities. We are aiming to propel the state to the next level of industrial development and growth. The core objective of this GIM is to bring in investments in diverse sectors and create jobs. Today, Karnataka has emerged as the New Global Investment destination and Bengaluru is one of the largest technology and innovation clusters in the world,” Nirani said.
The inaugural session of GIM is followed by 30+ immersive sessions spread across the 2.5 days. These sessions would be a mix of innovative formats such as panel discussions, fireside chats, ted-style talks, etc.
