Plan size gets a boost

“The Commission has commended the financial achievements of the State. The State’s outlay has increased to Rs 83,720 crore this budget and it will attain financial self-sufficiency when the budget outlay is expected to grow to Rs one lakh crore in the next fiscal,” Yeddyurappa told reporters here after visiting the Srikanteshwara temple for a special pooja.

He said he was fortunate to meet the world’s third richest man, Warren Buffet, in Bangalore and inform him about the investment potential of the State. “Buffet has begun his first India tour from Bangalore. It has reinforced the strength of Bangalore and Karnataka as an investor destination. The philanthropist has assured to come out with business plans for the region soon,” the chief minister said.

At Nestle

In his address at the inauguration of a culinary plant at Nestle India near Nanjangud, he said the launching of a new plant of Nestle within a short period of 10 months after the work began indicated the proactive role and commitment of the State government in the speedy implementation of investment projects.

Of the total projects signed in the GIM last year, 15 projects have been completed and 200 other projects are under various stages of implementation, he said. The chief minister said the government would organise an agri business investors’ meet and hoped to net investments above Rs 50,000 crore to facilitate the growth of the agriculture sector.