A delegation led by Karnataka Minister for Large and Medium Industries and Infrastructure Development, R.V. Deshpande, recently held discussions in the city with senior executives of various companies to explore their interest to invest in the State.
The meetings with 17 companies, operating in various sectors, comes in the backdrop of a two-day Vendor Development and Investors Summit that the Karnataka government is organising in Bengaluru from November 23.
Besides serving as a platform for the Central and State PSUs, mega and large enterprises to identify vendors as well as MSMEs to understand the requirement of their prospective customers, the summit would provide an opportunity for the government to woo investors.
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The summit will facilitate the participating companies to explore the investment opportunities in Karnataka and firm up their new/expansion investment proposals with the State government in terms of project approvals or MoUs, an official release said.
At a road show for the summit, the delegation made a presentation on ‘Manufacturing Eco System of the State’. Over 150 industry representatives and prospective investors participated in the road show, the release said.
Senior executives of IT firm Cyient, ITC Ltd, Tata Advance Systems, Amara Raja Power Systems, Tecumseh Products India, Bharat Biotech International, Alpla India, Terra Greens Organic, Srinivasa Farms and Karachi Bakeries were among those with whom Mr. Deshpande and the delegation members held discussions.
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The Minister highlighted the support and facilitation the Karnataka government provided for the implementation of projects and invited them to the forthcoming summit.
He outlined the potential for investments in various areas that includes aerospace and defence equipment manufacturing, automobiles, auto components and electric vehicles manufacturing, biotech, pharmaceuticals and medical devices, agriculture and food processing and machinery, textile and apparels and innovation and start-ups. While focusing on growth, the Karnataka government, he added, was taking steps to ensure that development would not have adverse effect on the environment, people and the ecosystem.