From Our Special Correspondent
Daijiworld Media Network

Bengaluru, Jun 19: Instead of the much-hyped Global Investors Meet (GIM) that were being held under the previous BJP regime in the year 2010 and 2012, the Congress government headed by Chief Minister Siddaramaiah has decided to hold its first-ever 'Invest Karnataka 2015’ summit this year.

The Siddaramaiah regime’s “Invest Karnataka 2015’’ summit is proposed to be held in Bengaluru from November 23 to 25.

Siddaramaiah, his Cabinet colleagues and government officials would reach out to investors by holding road shows in Indian and global cities to attract investment in 11 major sectors.

The sectors being targeted by the State Government include manufacturing, agro and food processing, tourism and smart townships.

The Invest Karnataka 2015 event is proposed to be held in Palace Grounds of Bengaluru.

The previous BJP Government held two investors meet, popularly called Global Investors’ Meet in June 2010 and 2012.

The previous BJP had also conducted Global Agribusiness and Food Processing Summit in 2011.

Giving details about the investors’ meet, Siddaramaiah said consultative meetings would be held with industry associations, industry leaders, global CEOs, embassies and consulates of various countries in India.

Road shows would be taken out to create awareness about investment in Mysuru, Hubballi, Kalaburagi, Chennai, Hyderabad, Pune, Delhi and select locations abroad.

The focus countries for attracting investment would include Japan, Taiwan, Middle East, US, Germany, France, Sweden, and Singapore.

The Chief Minister said 30,000 acres of land has been acquired and another 20,000 acres has been identified for acquisition for industrial projects in the State.

"Compared to the 2010 and 2012 meets, we expect more investment during this meet," the Chief Minister said.

Karnataka had attracted Rs 3.92 lakh crore investments in 2010 and Rs 6.77 lakh crore in 2012.

Major sectors to focus in Invest Karnataka 2015

Manufacturing, including automobile, aerospace, machine tools, defence, heavy engineering
Agro and food processing
Textiles
Energy, including renewable energy
Tourism
IT/BT
Drugs and Pharmaceuticals
Electronics, semiconductors manufacturing
Infrastructure
Private Industrial Parks
Smart Townships

Investment attracted during 2010 GIM

MoUs signed – 389
Investment – Rs 3.92 lakh cr
Jobs – 7.35 lakh

Actual Implementation

Projects implemented 85
Investment realised – Rs 46,999 cr
Jobs generated – 94,110
Projects under implementation – 179
　
Investment attracted during 2012 GIM

MoUs signed – 751
Investment – Rs 6.77 lakh cr
Jobs – 14.44 lakh

Actual Implementation

Projects implemented 45
Investment realised – Rs 8845 cr
Jobs generated – 18,000
Projects under implementation – 260