Economy

Belgaum lures Rs 120-cr investments

Our Bureau Hubli April 10 | Updated on November 15, 2017 Published on April 10, 2012

Belgaum attracts Rs 120 crore investments at the ‘Agenda development Karnataka focus on north Karnataka' meet.

The meet organised by the department of Industries and Commerce in association with the Belgaum Chamber of Commerce & Industries, Belgaum and FKCCI, attracted 12 investments to the tune of Rs 120 crore in the area of food processing, infrastructure development and tourism.

At the a recent meet in Hubli, the region received good response with 30 MoUs signed with a proposed investment of more than Rs 2,000 crore. Speaking after inaugurating the meet, the Karnataka Chief Minister, Mr D.V. Sadanada Gowda, said the global investors meet which was in 2010 received an excellent response from the Belgaum district.

The projects for which MoU was signed was 14 with an investment of Rs 21,787 crore and already three projects with an investment of Rs 270 crore have been functional and the rest are at various stages of implementation, he added.

Highlighting the Government of Karnataka's intention of organising the next edition of Global Investors Meet -2012 at Bangalore on June 7 and 8, Mr Gowda said Efforts have been initiated to organise road shows, investor's meets, and workshops for the benefit of prospective investors to convert their dream projects into reality.

Mr J.R. Bangera, President, FKCCI, Bangalore, highlighted the various issues faced by the industry in North Karnataka and Mr Basavaraj Javali, President, BCCI, spoke of problems such as infrastructure, water problem in industrial areas, market for APMC, Railway series, air services, road from 3{+r}{+d} railway gate to Peeranwadi which is long pending issue.

>anil.u@thehindu.co.in

Published on April 10, 2012
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