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Karnataka will hold a three-day ‘Invest Karnataka 2015’ meet here from November 23 to 25.
“It will be a mega event reaching out to investors across the country and abroad,” Chief Minister Siddaramaiah told reporters.
GIM rechristened“This year we have rechristened the event as ‘Invest Karnataka 2015’ from global investors’ meet (GIM). This has been done mainly to brand the event and popularise Karnataka at global level,” he said.
The focus this year is on manufacturing, including automobiles, aerospace, machine tools, defence and heavy engineering.
The other sectors are agro-food processing, textiles, energy including renewable energy, tourism, information technology and biotechnology, drug and pharmaceutical, electronics and semiconductor manufacturing, infrastructure projects, private industrial parks and smart townships.
Siddaramaiah said the State has set a target of more than what was achieved during two global investment meets (GIM) held in 2010 and 2012. “This year we will be focusing on tier II/III cities with sops and good infrastructure as promised by the New Industrial Policy 2014-19,” he said.
Land availabilityThrough KIADB, the State government has acquired 30,000 acres of land and another 20,000 acres have been identified for acquisition.
“In addition, we have vacant land plots available in various industrial areas. Sector specific parks for aerospace, textile, food have established to cater to the specific needs of entrepreneurs,” said K Ratna Prabha, Karnataka Additional Chief Secretary, Commerce and Industries Department.
“Beginning August, we will be conducting road shows where in we will be holding pre-event meets with stake holders, heads of companies and CEOs of multinationals companies,” Siddaramaiah said.
The State government is planning a series of meetings with the ambassadors of target/ focus countries such as Japan, Taiwan, the Gulf countries, the US, Germany, France, Sweden and Singapore.
Road shows are planned in Chennai, Hyderabad, Pune, Delhi and a few State capitals. Within the State, investment meets are to be held at Mysuru, Mangaluru, Hubballi and Kalaburgi.
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