<p>Karnataka could see over Rs 5 lakh crore of investments and five lakh jobs being added through the Global Investors Meet 2022 (GIM), said Minister for Large & Medium Industries Dr Murugesh R Nirani, in a press conference here on Thursday.</p>.<p>The event, Invest Karnataka - The Global Investors Meet 2022, which is scheduled to take place between November 2 - 4, will be inaugrated virtually by Prime Minister Narendra Modi and is likely to see over 5000 global delegates participating in it.</p>.<p>The state has so far secured projects amounting to more than Rs 4 lakh crore across sectors such as green hydrogen, electronics manufacturing, renewables, aerospace and defence, e-mobility and infrastructure.</p>.<p>A conversion rate of 66 per cent has been observed vis-a-vis MoUs signed in the industrial sector connected with investment proposals filed in the last one year. This conversion ratio is expected to breach 80 per cent mark in 3 - 6 months after the investors' meet, according to Nirani.</p>.<p>A total of 50,000 acres of land - 20,000 acres in Bengaluru and 30,000 acres across the state - has been earmarked for the mega event.</p>
<p>Karnataka could see over Rs 5 lakh crore of investments and five lakh jobs being added through the Global Investors Meet 2022 (GIM), said Minister for Large & Medium Industries Dr Murugesh R Nirani, in a press conference here on Thursday.</p>.<p>The event, Invest Karnataka - The Global Investors Meet 2022, which is scheduled to take place between November 2 - 4, will be inaugrated virtually by Prime Minister Narendra Modi and is likely to see over 5000 global delegates participating in it.</p>.<p>The state has so far secured projects amounting to more than Rs 4 lakh crore across sectors such as green hydrogen, electronics manufacturing, renewables, aerospace and defence, e-mobility and infrastructure.</p>.<p>A conversion rate of 66 per cent has been observed vis-a-vis MoUs signed in the industrial sector connected with investment proposals filed in the last one year. This conversion ratio is expected to breach 80 per cent mark in 3 - 6 months after the investors' meet, according to Nirani.</p>.<p>A total of 50,000 acres of land - 20,000 acres in Bengaluru and 30,000 acres across the state - has been earmarked for the mega event.</p>
