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High-level Karnataka delegation met India Inc at Mumbai and invited industrialists and bankers to attend Vendor Development and investors Summit.
Karnataka government along with Confederation of Indian Industry (CII) is organising Investors Summit on November 23 and 24 November 2017 at BIEC, Bengaluru.
State delegation led by R V Deshpande, Minister for Large and Medium Industries and Infrastructure Development, met industrialists Anand Mahindra, Chairman and Managing Director Mahindra Group, Manish Choksi, President and Managing Director, Asian Paints, Sunil Khanna, President and MD, Emerson, Nagesh Basavanahalli, MD and CEO, Greaves Cotton, Shhyam Singhania, Chairman, Enarr Capital, Vimal Kejriwal, MD and CEO, KEC International, Puneet Gupta, Director, Om Logistics, Biju Mathew, Head Procurement South BASF, Joy Chakraborty COO, Hinduja Hospital, Sunder Balasubramaniam, VP, United Phosphorous Ltd and Suketu Shah, Joint MD, Mukand Ltd.
The summit will act as a common platform for CPSUs, SPSUs, Mega and Large units in identifying vendors of their choice in terms of production capacity and quality standards. This meet will also help MSMEs understand the need of the OEMs. In addition, this programme will benefit MSMEs in planning their production and product diversification.
More importantly, the Summit will facilitate the participating companies in exploring the investment opportunities in the State of Karnataka and firm up their new/expansion investment proposals with the State Government in terms of project approvals or MOUs.
Deshpande outlined the potential for investments in various sectors in the state; viz., Aerospace & Defence Equipment Manufacturing, Automobiles, Auto components & Electric Vehicles manufacturing, Biotech, Pharmaceuticals and Medical Devices, Agriculture & Food Processing and Machinery, Textile and Apparels and Innovation & Start-ups among others.
D V Prasad, Karnataka Additional Chief Secretary, in his address emphasised on the initiatives undertaken by the state to develop the ecosystem for the overall industrial development; with special focus on the MSME sectors.
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