From Our Special Correspondent
Daijiworld Media Network - Bangalore
Bangalore, Jan 24: India’s IT capital city of Bangalore, which is also known as the country’s Silicon Valley, is once again emerging as the hub of ideation and partnership for dynamic growth.
The 20th annual edition of this summit organised jointly by the union commerce ministry's Department of Industrial Policy and Promotion, the state government of Karnataka and Confederation of Indian Industry (CII), in Bangalore from Janurary 27 to flag investment opportunities and offer ideas on how a new class of consumers can become a new dynamic for growth.
The three-day international partnership summit, being organised on the theme, ‘Emerging Global Value Chains: Building Partnerships’, is aimed at bringing together Business Leaders, Investors, Corporations, Thought Leaders, Policy and Opinion Makers under one platform to attract more investors.
The summit traditionally sees over 1500 delegates, of whom almost half, will be attending from overseas.
In spite of the gloomy economy experienced throughout the world, India continues to remain an attractive investment destination globally as evident from $25 billion FDI inflow during the last three fiscal years.
While the country's growth has slowed over the past year, Karnataka still remains as one of the most attractive destinations for business and offers ample opportunities for investors, says a paper prepared in connection with the CII partnership summit.
Karnataka, one of the first few states to mainstream infrastructure projects through the Public-Private Partnership (PPP) model, has succeeded in initiating as many as 108 PPP projects.
Of the projects underway, 86 are major projects and their combined worth is Rs 94,615 crore, according to the infrastructure development department.
The summit has the confirmation of participation of ministers and dignitaries from across the globe from the following countries: Australia, Azerbaijan, Bangladesh, Bahrain, Cambodia, Canada, Czech republic, Egypt, France, Ghana, Indonesia, Iraq, Japan, Macedonia, Malta, Malaysia, Mauritius, Mexico, Namibia, Russia, Saudi Arabia, Serbia, Singapore, Slovenia, South Africa, Switzerland, Tanzania, United Arab Emirates, United Kingdom, USA, Zambia, Zimbabwe, apart from officials from various multilateral organisations like International Trade Centre and Organisation for Economic Cooperation & Development ( OECD).
The Karnataka Government aims to showcase the focus sectors like Aerospace and Defence, Automobiles, ICT, Electronics and Hardware, Chemicals and Petrochemicals, Education, R& D and Innovation, Energy and Environment, Agrotech & Food Processing, Health, Infrastructure, Packaging, Minerals, Banking & Finance, Transport Infrastructure, Textiles and Tourism, through which the envisage partners are expected to flag investments.
The summit is expected to establish brand Karnataka in the global market apart from remaining as one of the top three preferred investment destinations in India.
The state also aims to increase the state’s GDP from the present level of 16.87 % to 20 % by the end of the policy period.
The partnership summit is expected bring a minimum total investment of 5 Lakh crores and an ambitious additional employment possibilities for 15 lakhs persons by 2019.