Karnataka gets investment proposals worth Rs 25,000 cr

Karnataka, which is to hold its global investment meet - Invest Karnataka 2016, has already received investment proposals worth Rs 25,000 crore.

“In the coming days, after all the road shows are complete, the State is hopeful of realising more such investments from domestic and abroad,” said K Ratna Prabha, Karnataka 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 like mining to the futuristic industry of nano medicine, and from the haven of IT (Information Technology) to the businesses of Start-Ups, Karnataka is opening itself to entrepreneurs and Investors to pick and choose their area of interest.

The three day ‘Invest Karnataka 2016’ 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 ocean of opportunities in Karnataka.

Aerospace and Defence, Agri-Business & Food Processing Biotechnology, Energy, Auto & Machine Tools, Urban Infrastructure, Information Technology, Tourism, Electronics Manufacturing, Infrastructure, Pharma, Textiles & Garments.