Karnataka to Host ‘Global Investors Meet’ with 18 Countries Participating
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Synopsis
Bengaluru is all set to host the ‘Global Investors Meet’ from February 12 to 14, aiming to attract Rs 10 lakh crore in investments. With participation from 18 countries and over 2,000 investors, this event will showcase Karnataka’s business-friendly policies and unveil new industrial initiatives.
Key Takeaways
- Global Investors Meet to be held from February 12-14.
- Aim to attract Rs 10 lakh crore in investments.
- Participation from 18 countries and over 2,000 investors.
- Inaugural ceremony set for February 11.
- Focus on tech-driven, green, inclusive, and resilient industries.
Bengaluru, Feb 3 (NationPress) All arrangements for the forthcoming ‘Global Investors Meet’, set to take place from February 12 to 14 in Bengaluru, have been finalized. The state aims to draw investments totaling Rs 10 lakh crore through this event, as announced by Deputy Chief Minister D.K. Shivakumar on Monday.
Shivakumar made this declaration during a high-level committee assembly at Vidhana Soudha, where he reviewed the event’s preparations and the coordination among various departments.
“The opening ceremony will occur on the evening of February 11,” Shivakumar stated.
The meeting saw the participation of Large and Medium Industries Minister M.B. Patil. Selvakumar, the Principal Secretary of the Industries Department, provided a comprehensive overview of the event.
The Deputy Chief Minister revealed that over 2,000 investors have shown interest and registered for the event thus far. A total of 18 countries will be present, with nine of them featuring dedicated pavilions. More than 60 industry experts will contribute to various panel discussions. The government will showcase Karnataka’s business-friendly policies and investment incentives to attract global investors.
He noted that Minister M.B. Patil has been working diligently for several months to ensure the summit's success.
As part of the preparations, he led high-level delegations to the U.S., Europe, South Korea, and Japan, conducting roadshows and engaging potential investors. The event will also unveil several new industrial policies designed to foster economic growth, Shivakumar indicated.
Minister M.B. Patil elaborated that the central theme of the Global Investors Meet is "Reimagining Progress", which encompasses four key sub-themes: Tech-Driven, Green, Inclusive, and Resilient. Karnataka has integrated some of the best practices from the World Economic Forum in Davos into this event.
The government aims to ensure that at least 70-80 percent of the agreements signed during the summit lead to tangible investments, the Industries Minister mentioned. A new five-year industrial policy for 2025-30 will be introduced at the summit, focusing on promoting investments in backward and most backward districts, as suggested in the Dr. D.M. Nanjundappa Report, Patil stated.
Minister Patil further added, “Additional incentives will be provided for industries establishing themselves in these areas. The state will also implement a single-window clearance system to facilitate business operations.”
Karnataka is home to numerous global R&D and Global Capability Centers (GCCs). The government plans to promote local manufacturing to complement these centers. A strong emphasis will be placed on eco-friendly energy solutions and electric vehicle manufacturing, Patil mentioned.
Previously, only a few states like Karnataka, Maharashtra, and Gujarat organized such large-scale investor summits. Now, more states are hosting similar events. This year’s summit will see participation from prominent business leaders, including Kumar Birla, Anand Mahindra, and Kiran Mazumdar-Shaw.
The two-day event on February 12 and 13 will feature vigorous business discussions and networking opportunities, leading to the early inauguration on February 11 at 4 p.m., Patil added.
