Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Jan 25: Karnataka chief minister (CM), B S Yediyurappa, who has just now returned from his trip to Davos where he took part in World Economic Forum, says that this trip has been hugely successful. He expects thousands of crores inflow into Karnataka in the form of investments. He feels that if all the investments which are planned with interests of the farmers in mind come through the farmers will be the highest beneficiaries of these projects.

"A number of reputed companies in the world have shown interest in setting up industirres in the state. We expect inflow of capital amounting to thousands of crores of rupees, and unemployment problem will also be largely addressed," Yediyurappa stated.

During the period he was at Davos, Switzerland, Yediyurappa took part in discussions with several international companies and encouraged them to invest kin Karnataka. He gave this information, when addressing the media in the city on Saturday January 25.

"My participation in the summit has been extremely fruitful. A number of foreign companies have shown interest in investing in Karnataka. Thousands of crores of rupees will soon start flowing into our state. All the investments have been planned to be made with the interests of our farmers in mind. Farmers will be the highest beneficiaries of these investments," he stated.

He said that Karnataka took part in the world economic forum at Davos for the first time, and several agreements including cyber security have been signed. "An agreement has been reached to set up a centre for internet of ethical things in the state. I met heads of 40 industries and held discussions about investments with heads some of the top industries. I have convinced them the benefits of investing in Karnataka, and they have shown positive interest," he explained.

Yediyurappa said that most of the industries said that they find it hard to get land for their projects here. Therefore, he said, he plans to ease certain restricting clauses for disposing off land, and new law will be enforced soon. He said that companies like Arcelor Mittal, Damac, Nestle etc have agreed to invest here. If these plans come through, lacs of new jobs will be created, he stated.