Chief Minister Shri Siddaramaiah presided over the Curtain Raiser and Unveiling of Logo on INVEST KARNATAKA-2016
The three day Global Investor Meet from 3 – 5 February 2016 is scheduled to unveil a forward vision for sustained inclusive development for all.
Karnataka is already a US $ 117 Billion economy at current prices. Our Gross Domestic Product is growing at a healthy 7 per cent on par with the national average. We have been actively promoting industry led growth in the State.
During the last 2 years, we have approved more than 450 projects bringing investments of Rs 1.21 Lakh Crore and generating 2.44 Lakh job opportunities.
But more needs to be done. Karnataka needs more industry and business in the State. As per the New Industrial Policy we announced last year, we need an annual growth rate of 12 per cent and to attract investments of Rs 5 Lakh Crore, providing employment to 15 Lakh persons in the next 5 year period.
Invest Karnataka aims to recreate the global focus of Brand Bengaluru for the entire state as a whole. This is to be achieved by sensitizing investments for business transformation in various regions employing technology, innovation and sustainability as key factors for development. It is set to roll out an unprecedented opportunity of 5 lakh crores as defined investment potential in this edition; this is well highlighted with focused theme conferences, niche industry conclaves & strategic industry driven platforms with open networking summits for active international participation.
The key industries to be showcased are earmarked with high growth potential; these include Aerospace, Bio-Technology & Pharmaceuticals, Information Technology, Agriculture & Food processing, Heavy construction machinery & equipment, Tourism & Textiles and the challenge of Smart Cities and Renewable energy development for sustainability and comprehensive progress.
Ministers Shri R. V. Deshpande, Shri Ramalinga Reddy, Shri Satish L. Jarkiholi, Shri R. Roshan Baig, Shri S. R. Patil were present during the occasion.