JOIN USK'taka govt hopes to draw Rs 6 lakh crore investment
The BJP government in Karnataka is hopeful of attracting investment of up to Rs 6 lakh crore during the second global investors’ summit in June this year.
“Nearly Rs 6 lakh crore worth of investment commitment is expected at this year's meet,” minister for Large and Medium Scale Industries Murugesh R Nirani told reporters here on Thursday.
Bangalore will host the global investor’s meet on June 7 and 8. An official delegation led by Chief Minister Sadananda Gowda would visit the US in April to woo investors. Earlier in the day, Nirani and Gowda met a huge delegation of American industrialists here and requested them to invest in Karnataka.
Nirani said the expected investment will help create over 10 lakh jobs. The minister claimed that state had attracted investments to the tune of Rs 3.12 lakh crore during the first global investors' meet held in June 2010.
The minister said nearly 62 per cent of the memorandum of understandings (MoUs) signed during the June 2010 meet were in various stages of implementation, while 36 units have taken off. Another 36 are in various stages of implementation and 250 units are in the pipeline.
On giving lands to global steel giant Posco to set up its plant, Nirani said if the farmers in the Gadag district continue to oppose land acquisition, the government will shift the proposed project to neighbouring districts including Koppal, Bagalkot or Bijapur. The decision on granting land to the company will be taken within the next two months.