Mumbai(S.N): In the run-up to the Global Investors Meet (GIM) to be held in Bengaluru from November 2 to 4, the state of Karnataka invited investors from Maharashtra today to participate in GIM 2022 and invest in the state at a roadshow in Mumbai.

The state held its domestic roadshow to promote Karnataka as a leading investment destination of the country by offering potential investors a host of incentives meant to garner investments and bring new business.

The state delegation led byDr. E.V. Ramana Reddy, Additional Chief Secretary to the Government of Karnataka, Commerce, and Industriesalong with other top officials met a host of potential investors inMumbaito invite them to the Global Investors Meet in Bengaluru, home to branches of more than 400 of the Fortune 500 companies,during November 2nd -4th.

Earlier, the state delegation led by Dr. Murugesh R. Nirani, Minister for Large and Medium Industries along with other top officials met a host of potential investors in Delhi, Hyderabad to invite them to the Global Investors Meet.

GIM 2022 is a flagship investor event for the state of Karnataka. The purpose of the event is to showcase the robust industrial-friendly ecosystem, attract investments from global players, and spread industrialization across the state.

Speaking at the roadshow, Dr.Reddy said,“Karnataka State is the preferred destination for investments in the manufacturing & sustainability sectors. We are committed to facilitating ease of doing business and shall provide all support and infrastructure facilities to the investors in the state. The government is consistently working both from a policy intervention and industry perspective to build state-of-the-art infrastructure to support a robust industrial ecosystem.We have discussed the investment opportunities and our industrial policy with the investors of Maharashtra. Many top corporates and ace investors have expressed interestto invest and expand their businesses in the state.”

“Karnataka has emerged as India’s leading investment destination through many reformmeasures taken by the government. Investments of more than Rs 3 lakh crore have been confirmed through the execution of MoUs. The state continues to remain #1 in attracting FDIs during Apr’21-March’22 with Rs 1.76 lakhcrore ($22.1 Bn), 38% share of the total FDI in India,”he added.

For the Global Investors Meet, a total of 50,000 acres of land — 20,000 acres in Bengaluru and 30,000 acres across the state has been earmarked. The state is expecting over Rs 5 lakh crore in investments and the generation of 5 lakh jobs through the GIM.

“We have recently completed international roadshows in Japan, South Korea, the US, and Europe. Our aim is not only to get investments but to bring the industry giants under one platform. Around 5000 delegates are expected to participate in the Meet.”Dr. Reddy added.

He said that with the key themes of resilience, innovation, sustainability, and equity, we are committed to setting Karnataka’s development agenda in line with global best practices and showcasing our strong ability to ‘Build for the World’. “The State of Karnataka offers an excellent industrial ecosystem, world-class infrastructure, and industrial-friendly policies. The delegation is here to invite potential investors to the Global Investors Meet,” Dr. Reddy added.

Ms. Gunjan Krishna, Commissioner, Department of Industries and Commerce, Government of Karnataka, who is part of the State delegation said,“Karnatakais already a brand established in the global supply chain. We want people from other states to be aware that Karnataka provides a very viable option in the world supply chain. This year’s GIM will focus on getting thought leaders, political leaders, and business leaders to carve out the development agenda. We are looking at forging partnerships with various business houses.”

“Through meetings with top companies in the capital city, we are looking for collaboration opportunities and to engage with global businesses and thought leaders across sectors.”She added.

During the one-day roadshow in Mumbai, the delegation met the representatives of Hinduja Group, Larsen & Toubro, Everest Industries, K Raheja Corp, Anarock Group, Mahindra &Mahindra, Colliers India, K Raheja Group, Somaiya Group, Avaada Energy, DMart India, Mega Power & Engineers, Ennar Group, JLL, Jubliant Organosys, Epsilon Carbon Group, Anarock Group, Waaree Group, master Components,and other major companies, where they showcased the industry-friendly policies of the state and presented Karnataka as an ideal investment destination for manufacturing companies.

Mr. Arjun Ranga, Chairman, CII Karnataka State Council & Director, NR Group & Managing Director, Cycle Pure Agarbathi, and Mr. Sushant Naik, Global Head – Government & Public Affairs, Tata Motors Ltd. shared their industry experience. Ms. Kashmira Mewawala, Past Chairman, CII Maharastra State & Head – of BD & Chief Ethics Counsellor, Tata Capital was present. 

The Mumbai roadshow was organized in collaboration with the Confederation of  Indian Industry (CII).

Invest Karnataka 2022 – Global Investors Meet

The Global Investors Meet 2022 is a platform to join industry leaders, innovators, and policymakers from all over the globe to explore new growth possibilities.

Around 5000+ global delegates are expected to attend the Meet. The GIM with contemporary themes will be an opportunity to connect, collaborate and network with global leaders.

The Meet will host plenary sessions, tech-driven special sessions, B2G meetings, 300 + stalls to exhibit products and solutions, cultural shows from Ricky Kej, and Vasundhara Das,Yakshagana performances, Jugalbandi, local food experiences, wine tasting, nature trails, networking, and much more. 

Karnataka – A land of opportunities for companies to invest 

Key Offerings that make Karnataka the most attractive investment destination in India

• Investor-friendly policies with multiple financial incentives to create favorable cost economics
• Readily available industrial eco-system including a land bank of 50,000 acres that has been earmarked for industrial development.
• Highly skilled & trained labor workforce, along with a robust skill infrastructure and subsidies
• Well connected to demand centers and gateways with an efficient logistics network
• Revamped processes to facilitate Ease of doing business
• Industrial ecosystem well supported by World Class Social Infrastructure

For more information, please visit – https://www.investkarnataka.co.in/