Infrastructure expenses accounted for Rs. 7.93 crore for the two-day event

A sum of Rs. 3.77 crore was spent on food at the two-day Global Investors meet held in Bangalore from June 3 to 4, according to the reply provided by Large and Medium Industries Minister Murugesh Nirani in the Legislative Council.

Replying to Janata Dal (Secular) floor leader M.C. Nanaiah during the Question Hour, the Minister said that taxes had not been included in the above expenses.

This included a sum of Rs. 2.86 crore towards food supplied by a star hotel for delegates and dignitaries and Rs. 91.23 lakh towards food supplied to security personnel, police and drivers, the Minister said.

Similarly, Rs. 59.96 lakh had been spent towards the accommodation of investors for which 122 rooms had been booked in star hotels in Bangalore, he said.

In all, about Rs. 29.20 crore had been spent on organising the GIM and the exact spending would be known after scrutinising the bills, he said.

Giving the break-up of expenses on infrastructure which ran into Rs. 7.93 crore, he said Rs. 4.88 crore had been spent on erecting shamiana and providing air-conditioners, Rs. 30.92 lakh on furniture and Rs 24.15 lakh towards rent for the ground and Rs. 2.50 crore towards providing other infrastructure facilities.

The Government and the Karnataka Industrial Area Development Board had released Rs. 14 crore and Rs 10 crore each towards organising this event.

The government was yet to release another Rs. 5 crore, he noted.

The Industries and Commerce Department had issued advertisements to the tune of Rs. 3.5 crore in the newspapers within the country and another Rs. 91 lakh in foreign media ahead of GIM, he pointed out. Replying to Congress member S. R. Patil, the Minister said investments to the tune of Rs. 3.93 lakh crore were expected to materialise from the GIM.

This would require about 80,000 acres of land, 43 tmcft of water (3,338 million litres of water a day) and 3,893 MW of power.

The Government would ask the investors to focus on non water-intensive technologies, recycling of waste water and rainwater harvesting to reduce the water requirement, he said.

Council Chairman D.H. Shankaramurthy told the members that he would allow a separate discussion on the GIM and the Msaid he would make a detailed statement in the House on the GIM as a prelude to the discussion.

  • Rs. 29.20 crore was spent on organising the GIM
  • Investments worth Rs. 3.93 lakh crore expected to materialise