Karnataka Large and Medium Industries Minister Murugesh Nirani said that the state received investment proposals worth close to Rs 8 lakh crore during Invest in Karnataka’s Global Investors Meet (GIM). The investment commitments are expected to exceed government expectations at the end of thee-day event, he added.
Elated over the overwhelming response that GIM received on the inaugural day, Nirani said that the event was a grand success.
“We are pleased that the GIM attracted 100 percent attendance and overwhelming response from all the stakeholders. We have received investments close to Rs 8 lakh crore so far and we are expecting more by November 4. These investments are expected to create over 5 lakh jobs in the state. The Chief Minister will announce the exact amount of investments on the concluding day. We will release a booklet containing the full details of investments including the names of companies, places and the number of jobs that are going to be created,” he added.
He also expressed his gratitude toward PM Narendra Modi, who praised the state government for holding the GIM and its efforts in pushing industrial growth in the country.
“I’m thankful to Prime Minister Narendra Modi for his support and encouraging words for our efforts. Our government is working hard to realise his dream of making India a 5 trilion dollar economy by 2025 and our contribution would be 1 trillion dollar,” added Nirani.
The minister also stressed on the need to improve the connectivity for economic progress. He said the airports in Hassan, Shivamogga and Vijayapura would be operational soon. The Minister said the next GIM would be held in January 2025.
