S. Rajendran

BANGALORE: Top officials of the State Government vested with the responsibility of finalising the nitty-gritty for a smooth conduct of Global Investors Meet to be held on the Palace Grounds on June 3 and 4 are now giving finishing touches for the gala event. Investors have started arriving in Bangalore and some of them have commenced preparatory meetings with senior officials.

Senior officials and representatives of leading industrial houses and chambers of commerce and industry participated in an important meeting chaired by Minister for Industries Murugesh Nirani and V.P. Baligar, Principal Secretary, Department of Industries and Commerce. Chief Minister B.S. Yeddyurappa visited the venue on Tuesday.

Mr. Nirani told The Hindu that as part of preparations for the meet, the State Government organised road shows in several countries such as China, Japan, South Korea and Singapore and business delegations from all these countries were expected to attend the meet.

Delegations from the U.S., Australia, Canada, Belgium and Germany have confirmed their participation and nearly 400 memorandums of understanding are expected to be signed with an investment of nearly Rs. 4 lakh crore. Apart from the international investors, business delegations from Chennai, Hyderabad, Mumbai, New Delhi and Kolkata will be attending the meet.

The Minister said: “The road shows were primarily designed to woo prospective investors, go into all aspects of their requirements to enable them to set up a base in Karnataka and the services that the State Government could extend to them in return for the investments. We plan to tie all the loose ends by the weekend and those attending the meeting will fulfil the final formality of signing up a memorandum of understanding with the Government”.

Sector-wise sessions

Several sector-wise ssions have been planned during the event like sessions on Aerospace, Infrastructure, Tourism, Biotechnology, Automobile, IT, Mineral, Power, Food Processing, Textile, Health & Education sectors.

These will provide to the prospective investors an opportunity to have a clear understanding of the facilities available in the State. The inaugural session will be held in the forenoon of June 3 and the valedictory session on the evening of June 4.

More details about the event can be had at www.advantagekarnataka. com.

Lakshmi Mittal of ArcellorMittal Steels Ltd., Kumaramangalam Birla of Birla Group, Raghupati Singania of JK Tyres, Sajjan Jindal of JSW Steel, Vikram Kirloskar of Toyota Kirloskar Motors Pvt. Ltd., Vijay Mallya of UB Group, Devi Shetty of Narayana Hrudayalaya, B. Muthuraman of Tata Steel, Venu Srinivasan of TVS Motor Company, G. Mallikarjun Rao of GMR Group and Venugopal N. Dhoot of Videocon have confirmed their participation.

The last global investors meet was held in 2000. This was followed up with a coastal investors meet which was held in Karwar. The then Minister for Industries, R.V. Deshpande, was instrumental in organising the meet.

Gujarat is the only State which organises global investors meet at regular intervals (once in two years).