Industry honchos, government vow to power State's growth

Stable, good governance needed to attract funds, says Jaitley

Industry honchos, government vow to power State's growth
Invest Karnataka – 2016, the global investors' meet, got off to a rousing start on Wednesday with captains of industry as well as the Central Government pledging to boost investment in the development of the State.

Finance Minister Arun Jaitley, who declared the three-day meet open at Bangalore Palace by switching on a robot, said with quality human resource and being a hub of innovation, Karnataka has the potential to record at least two to three per cent faster growth than the national average. Having carved out a niche for itself in the IT sector, the State government should now focus on bringing in large manufacturing industries which have the potential to create a large number of jobs, he suggested. Merely organising investors' meets will not get the required investments. “The States with a consistent track record of a stable and clean administration, good governance, stable policies and easy availability of land and natural resources become the primary destinations,” he added.
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