Karnataka is where the Future is made: Says RV Deshpande

Setting the stage for the next edition of the ‘Invest Karnataka 2016’ with clear goals of crossing boundaries and forging healthy industrial relations with international investors, Chief Minister of Karnataka, Sri. Siddaramaiah met a large number of representatives of various corporate houses and MNC’s in the city today. Minister for Large & Medium Industries, Sri.RV Deshpande along with other Cabinet Colleagues and Senior Officers of the Government were also present at the event. The Prelude set the tone of “Invest Karnataka 2016” and built a great deal of anticipation and interest within the corporate community.

In the run up to Invest Karnataka 2016, over the last four months, Karnataka has held roadshow across various countries and cities within India. Striving hard to ensure that the red carpet is laid out for investors, the Minister for Large Scale & Medium Industries and Tourism, R V Deshpande has taken personal interest in the aspect of “Ease of Doing business”. With the single aim of identifying how processes can be made simpler and faster, several consultative meetings with stakeholders from across diverse sectors have already taken place. Speaking at the event, Minister for Large & Medium Industries, Sri.RV Deshpande said the main focus of the meet would be aerospace, defence, urban infrastructure, among others. He added that infrastructure had not kept pace with the development in the State. However the government is concerned about the situation and is working to deal with it. The Chief Minister has been holding consultations with all stakeholders on finding ways to solve the problem, he concluded. He also announced Karnataka's slogan for the upcoming meet - Innovate, invent and invest in Karnataka.

The event showcased Karnataka as one of India’s most progressive states possessing a vibrant and productive industrial ecosystem with its talented and niche workforce, world-class research and development facilities, excellent industrial infrastructure, favorable sector-specific policies and a closely engaged private and public sector. Chief Minister of Karnataka, Sri. Siddaramaiah highlighted the State Government’s vision of “Inclusive, Equitable and Sustainable Growth’ in Karnataka. He reiterated that the focus at all times is to ensure economic growth so as to improve the lives of each and every person in the state. Shell, Tata Power SED, Bosch, Scania many others have made investments and capacity expansions. All of them will make in Karnataka - for India and the world, he said.

The evening hosted an illustrious gathering of more than 100 Corporate houses including Airbus, TVS Motors, Reliance, Toyota, Adani, GSK Pharmaceuticals, IBM, Bosch, Maini Group, Britannia, Manipal Education Group and so on. Kiran Mazumdar, MD, Biocon, Mohandas Pai, Chairman of Manipal Global Education, Steffen Bern, MD, Bosch and Venu Srinivas, Chairman, TVS Group were amongst the few who spoke at the invent and shared their views on making Karnataka a great investment destination.

“Make in India” is happening and Karnataka is the gateway for this successful journey.