Unlike the first edition of the Global Investors Meet (GIM) in 2010, when investments in iron and steel projects in the State accounted for about two-thirds of all proposed investments, the second edition, which is to be held in Bangalore from June 6 to June 8, will have low-key emphasis on these sectors.
Chief Minister D.V. Sadananda Gowda, speaking at the launch of the GIM Expo 2012 here on Thursday, listed the key sectors such as information technology, aerospace, precision engineering, automobile and auto components but refrained from mentioning anything about the two industries that were the highlight of the last event in 2010.
Mr. Sadananda Gowda said that the State had introduced policies for sectors such as information technology, biotechnology, audio visual and gaming, semiconductors, which have “established a healthy environment for these industries”.
“Other states,” he said, “have emulated Karnataka, which is why Karnataka is a gateway to India.”
Mr. Sadananda Gowda said that the Government had conducted road shows in Delhi, Mumbai, Kolkata, Chennai and Hyderabad. “We will soon have road shows in Japan, Singapore and the U.S.,” he said. The expo at GIM 2012 will enable industries, small and big, to exhibit their products and services at the venue. “This will make it different from the previous edition,” he said.
There are to be 14 “focus pavilions,” including 12 industry-specific pavilions at GIM Expo 2012. About 600 exhibitors are likely to participate, covering an area of 20,000 sq m.
Murugesh R. Nirani, Minister for Large and Medium Industries, said the Government is ensuring the active participation of small companies at GIM 2012. He said road shows at Hubli, Mangalore and Belgaum were conducted with this in mind.
“We learnt from our lessons from the GIM of 2010,” said Additional Chief Secretary K. Jothiramalingam. He said that all industry associations, from every segment of industry, have been invited for the event, unlike the last time when a few missed out. The expo, he said, “provides a revenue model for the event”.