Karnataka , with its tradition of excellent climate , great scientists and scientific institutions, and rich cultural history that respects learning and excellence, has now the potential to become a super power state.
And I feel so proud to be a part of this great state.The year has started out with a big bang for Karnataka,planning to raise close to Rs 1,00,000 crore from the 3 day global investors meet.
So far Karnataka has received Second highest FDI in India and has cleared more than 500 projects worth over USD 20 Billion. Union Ministers Arun Jaitley, Venkaiah Naidu, Nitin Gadkari along with business leaders including Tata Trust Chairman Ratan Tata, Infosys Co-Founder & Chairman N R Naryan Murthy, Walmart India CEO Kris Iyer, and several others attended the event.
As a precursor to the Invest Karnataka meeting last month, Chief Minister Siddaramaiah reportedly said that the State’s Industrial Policy for 2014-19 aims for an annual growth rate of 12 percent and to attract investments of Rs 5 lakh crore, providing employment to 15 lakh people in the next five years.This state ranks as one among top three on all fronts and has potential to come out shining and with all guns blazing. Increased green energy drives by the state government and social groups and changing regulatory environment to promote this green sector have boosted investor confidence in the renewable energy sector.
Total global corporate funding in this sector, including venture capital (VC) and private equity (PE), debt financing and public market financing, raised by public companies have shot up ..let us wait for the numbers soon by end of summit.