<p>Karnataka signed a memorandum of understanding (MoU) with the Gulf Islamic Investment Group (GII) at the Dubai Expo 2020 on Monday.</p>.<p>The MoU was signed in the presence of Industries Minister Murugesh Nirani and IT/BT Minister Dr C N Ashwath Narayan who are taking part in the expo.</p>.<p>The GII is a UAE-based Sharia-compliant financial services firm with over $2 billion of assets under management. The company plans to invest Rs 3,500 crore in India over the next 3 years and will open its office in Bengaluru, according to a release from Nirani's office.</p>.<p>Nirani said the company's decision to foray into Karnataka and open its office in Bengaluru would strengthen ties between India and UAE. </p>
<p>Karnataka signed a memorandum of understanding (MoU) with the Gulf Islamic Investment Group (GII) at the Dubai Expo 2020 on Monday.</p>.<p>The MoU was signed in the presence of Industries Minister Murugesh Nirani and IT/BT Minister Dr C N Ashwath Narayan who are taking part in the expo.</p>.<p>The GII is a UAE-based Sharia-compliant financial services firm with over $2 billion of assets under management. The company plans to invest Rs 3,500 crore in India over the next 3 years and will open its office in Bengaluru, according to a release from Nirani's office.</p>.<p>Nirani said the company's decision to foray into Karnataka and open its office in Bengaluru would strengthen ties between India and UAE. </p>
