State tight-lipped about inflow of investment

State tight-lipped about inflow of investment

The State government on Wednesday did not reveal the number of memoranda of understanding (MoU) signed or the investment inflow assured by industries on the first day of Invest Karnataka, 2016.

“There has been a good response. Some MoUs were signed, some expressions of interest were made... We are in the process of compiling... All details will be revealed at the valedictory session of the summit on Thursday evening,” Industries Minister R V Deshpande told reporters.

The State government had compiled a bouquet of 117 projects among nine sectors having an investment potential of over Rs one lakh crore to be showcased to investors. To a query on how many companies or investors evinced interest in these projects on Wednesday, Deshpande said, “We will provide all details on Thursday. As a responsible government we cannot release half-baked information to the media.” He said the government had not set any investment target, and the meet was only a platform for it to build a rapport with industries.

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