Karnataka has so far cleared projects worth ₹24,577 crore. Projects in the pipeline are worth ₹36,193 crore.

“The industries departments has set a target of ₹1 lakh crore for Invest Karnataka 2016,” said K Ratna Prabha, Additional Chief Secretary, Department of Commerce and Industries.

“With the theme of ‘Karnataka is the State of the Future’, the investors meet has been promoted as the preferred investment destination for companies creating the world’s future,” she added.

The State will showcase opportunities in every sphere of business. From traditional investment opportunities such as mining to the futuristic industry of nano medicine, and from the haven of IT (Information Technology) to the businesses of startups, Karnataka is opening itself to entrepreneurs and investors in a big way.

Focus areas

The three-day ‘Invest Karnataka’ meet will host thematic sessions, concentrating upon seven specific topics.

Ratna Prabha said the State has identified the following: Financing businesses & projects, Making SMEs globally competitive, Promoting women entrepreneurships, Promoting start-up culture in manufacturing and other sectors, Ease of doing Business, Attracting NRI Investment and Public Private Partnership in Industrial Infrastructure.

The government will also showcase 12 major sectors during Invest Karnataka 2016, giving participants a glimpse into the vast opportunities in the State.

Aerospace and defence, agri-business & food processing, biotechnology, energy, auto & machine tools, urban infrastructure, information technology, tourism, electronics manufacturing, infrastructure, pharma, textiles & garments are focus areas.

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