Two-day coastal investors' meet in Karwar

BANGALORE NOV. 13. The Government has decided to organise an investors' meet focussing on coastal Karnataka to attract investment in coastal areas, R.V. Deshpande, Minister for Industries, said.

Mr. Deshpande told presspersons here today that the two-day "Coastal investors' meet" from December 20 would attract investments in the three coastal districts of the State - Dakshina Kannada, Uttara Kannada, and Udupi. The venue of the meet would be the Rabindranath Tagore Beach in Karwar. The Government had been encouraged by the experiences of the Global Investors' Meet three years ago, which had fetched investments worth Rs. 13,500 crores to the State. This comprised 98 projects worth Rs. 8,000 crores and 13 mega-projects worth Rs. 4,500 crores. He said the President's approval was awaited for the Industries Facilitation Bill notified on November 4 last. The Bill, when passed, would decree the application to set up an industry unit "deemed approved" if the Government failed to process it in 35 days. It would also allow the promoters of industry to "self-certify" that they had complied with various regulations.

Ashok Dalwai, Secretary to the Department of Commerce and Industries, said 12 sectors had been identified in which investments would be sought after ensuring environmental protection. These included food processing, marine products, information technology, biotechnology, agro-based products, manufacturing, port-based activities, educational services, pharmaceutical and health products, healthcare services, infrastructure projects and tourism.

The Government would hold road shows in Mumbai and Delhi and in Dubai and Abu Dhabi in West Asia where many entrepreneurs from the coastal regions had made it big.

The idea was to woo them to invest in their own land, Mr. Dalwai said. The investors' meet would have keynote addresses, round table sessions, business meetings, and breakout sessions for the delegates.

The Union Minister for Tourism and Culture, Jagmohan, was expected to inaugurate the meet. The Chief Minister, S.M. Krishna, and Margaret Alva, MP, would participate.