Economy

Kumaraswamy pitches Karnataka to Asean investors

Our Bureau Bengaluru | Updated on February 25, 2019

Karnataka Chief Minister Kumaraswamy

“Karnataka has immense investment potential, which is still unmapped and unexplored,” Chief Minister HD Kumaraswamy told the Asean Chambers of Commerce & Industry.

Addressing its first meet on Monday, Kumaraswamy said, “This summit will help explore this potential for the development of the country as a whole which in turn will contribute to the making of ‘New India’ that has emerged as the world's leading investment destination.”

The three-day summit being held in Bengaluru will see major Chambers of Commerce of Asean Plus countries explore the State. The Chief Minister said, “Karnataka is now ready for business as never before. We have made Doing Business Easier and Smarter by ensuring 98 per cent compliance to the provisions of Business Reforms Action Plan.”

“Karnataka has been at the forefront of India’s march towards economic growth. Karnataka’s GSDP is ₹12 trillion in 2018-19 and the State’s economy is expected to grow at 9.6 per cent during 2018-19,” he added.

Earlier, inaugurating the meet, Governor Vajubhai Vala said that in business and investments, “there will not be any shortcoming.”

“While investing in the State, if there are any shortcoming in the facilities, tell the Minister and the Chief Minister. It is also our duty because we do not do business for ourselves. If the business grows, the State grows,” he added.

Sudhakar S Shetty, President, FKCCI, Bengaluru, the host chamber said, “FKCCI has always been playing a catalytic role to strengthen the commercial prospects of the state and the country. We are certain that this summit will create a positive impact on trade and commerce.”

Published on February 25, 2019

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