Ahead of the proposed Global Investors Meet ‘Invest Karnataka 2016’, Chief Minister Siddaramaiah assured the business community of ease of doing business in the State.
In his address to industry leaders at ‘Invest Karnataka 2016’ logo unveiling ceremony, Mr. Siddaramaiah said, “We will continue our efforts to make doing business easy in the State. The Industries Minister is looking into the matter. Consultative committees for each sector are being formed to identify how the processes can be made simpler, faster and can be made online.” Karnataka was ranked ninth in the country in the World Bank’s report on ‘Ease of Doing Business’ released recently.
The Chief Minister said that during the last two year, the State approved more than 450 projects, bringing investments of Rs. 1.21 lakh crore and creating 2.44 lakh job opportunities.
“Our government’s goal is to achieve growth which is inclusive and sustainable and which enriches the life of every individual. In order to achieve this, it is important to enhance our growth momentum,” he said.
Meanwhile, the United Kingdom has offered its expertise to Karnataka to improve the ease of doing business in the State and has released an exclusive report on ‘Ease of Doing Business in Karnataka’. Citing that the State is ready to host GIM, the Chief Minister said, “Karnataka is already a $117 billion economy at the current prices and we are ready to receive investments of any size, in any sector and in any region of the State.”
Earlier, Mr. Siddaramaiah unveiled the logo of Invest Karnataka 2016 and launched the official website of the event.
The Congress government’s much-awaited three-day investor summit is scheduled from February 3, 2016.
The government, which had planned the summit for November this year, postponed it citing poor monsoon, power shortage, and agrarian problem.