Chief Minister Basavaraj Bommai has introduced the launch of the three-day Global Investor Meet (GIM) titled as ‘Invest Karnataka 2022’. The flagship investor occasion of the Karnataka authorities goals to draw investments from internationally.
The occasion could be held in Bengaluru from November 2 to November 4.
The launch occasion was organised by the Department of Industries and Commerce on the ITC Gardenia right here on Tuesday evening.
Karnataka final hosted a GIM in 2016, which concluded with 1,201 authorised tasks and MoUs valued at Rs 3,08,810 crore.
Launching the theme of the GIM 2022, “Build for the World”, the Chief Minister mentioned “Investors have at all times believed in Karnataka and created the potential for the state to host a Global Investors Meet. The post-Covid financial development is the appropriate time to take a position in Bengaluru which isn’t solely an IT, BT hub but in addition a monetary hub.”
Bommai referred to as upon Large and Medium Industries Minister Murugesh Nirani to deliver in a broad-spectrum and holistic funding throughout sectors – semiconductors, electronics, defence, aerospace, power, biotechnology, IT, manufacturing, MSMEs, cottage industries. Investments that percolate down the financial system.
He urged to not solely signal MoUs however to materialise tasks from real buyers and showcase them on the GIM.
The Chief Minister additionally referred to as on the industrialists to be the “leaders of change by investing in Karnataka”.
“The goal is to examine a ‘New Karnataka for New India’ – creating new twenty first century industrial townships and corridors,” Bommai mentioned.
Unveiling the emblem, the Minister for Large and Medium Scale Industries mentioned, “We are delighted to formally announce the much-anticipated GIM 2022.”
The objective of the GIM is to showcase the sturdy industrial-friendly ecosystem of Karnataka, appeal to big investments from world gamers, and unfold industrialisation throughout Karnataka, Nirani added.
“We have acquired enough land banks for the buyers who would wish to make investments in the state. Our chief minister has introduced a people-friendly finances that may be a game-changer. The state is house to 400+ R& D centres, 85+ chip design homes, and is a key participant in the availability chain for the worldwide markets,” he mentioned.
The minister additional referred to as upon the economic fraternity to uphold Karnataka in the highest place.
Apart from creating beneficial price economics for the businesses to take a position in the state, the Government of Karnataka is engaged on offering a whole ecosystem to its buyers, Nirani reiterated.
This version of the GIM might be beneath the theme “Build for the World” reflecting on the position Karnataka goals to play in the worldwide provide chain.
Meanwhile, Gunjan Krishna, Commissioner for Industrial Development and Director, Department of Industries and Commerce, mentioned “Through this Global Investor Meet, we’ll proceed to interact with the worldwide neighborhood by bringing collectively enterprise and thought leaders from a large number of areas and sectors.”
The 3-day occasion – Invest Karnataka 2022, will comprise plenary periods, panel discussions, a number of networking alternatives.
Over 50 enterprise, political, thought leaders to characteristic protecting themes and sectors which are essential to Karnataka’s development story.
More than 5000 senior delegates throughout sectors together with Manufacturing, Infrastructure, IT, Energy, Education, Tourism are anticipated to attend.
The state authorities has deliberate roadshows in key cities and overseas to drive investments as half of GIM.
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