Karnataka woos investments from Bengal

Karnataka woos investments from Bengal

The Karnataka government is wooing investments from West Bengal by organising roadshows ahead of the Global Investors Meet 2012 to be held at Bangalore in June.

"We welcome investments from industrialists of West Bengal in Karnataka," Minister for large and Small industries Murugesh B Nirani said at the roadshow here today.

He said that Karnataka offered the right investment climate and was one of the top destinations of the country.

Commissioner of Industries of Karnataka government M Maheshwar Rao said that IT, biotechnology and aerospace was the three top industries where the state was on the top.
He said that more than 500 multinationals operating out of Karnataka out of which 80 belonged to the Fortune 500 list.

Rao said that the state has 58 Special Economic Zones creating more than 97,000 jobs.
He said that the state government policy on land acquisition was to give compensation at market rates.