LONDON: The Karnataka government is offering European investors a host of incentives during the roadshows meant to attract large companies to come ‘Build in India’.
A delegation, led by Industries Minister Murugesh R Nirani, will meet a host of potential investors in the United Kingdom, France and Germany to invite them to the Global Investors Meet (GIM) to be held in Bengaluru — home to branches of more than 400 of the Fortune 500 companies — on November 2-4.
The GIM 2022 is a flagship investor event for Karnataka. The purpose of the event is to showcase the robust industry-friendly ecosystem of Karnataka, attract investments from global players and spread industrialisation across the state.
Kicking off the Europe roadshows for GIM 2022 in London on Thursday, Nirani said, “Karnataka offers an excellent industrial ecosystem, world-class infrastructure and industry-friendly policies. The delegation is here to invite potential investors to the forthcoming Global Investors Meet, scheduled in November (2nd to 4th) in Bengaluru.”
“We aim to showcase Karnataka as the go-to destination for investment. With the key themes of resilience, innovation, sustainability and equity, we are committed to setting Karnataka’s development agenda in line with global best practices and showcasing our strong ability to ‘Build for the World’,” he added.
Additional Chief Secretary, Commerce and Industries, Dr E V Ramana Reddy, who is part of the delegation, said, “Karnataka is the preferred destination for investments in the manufacturing and sustainability sectors. Through meetings with top companies in the UK and other European markets, we are looking for collaboration opportunities and to engage with global businesses and thought leaders across sectors. We expect investments in aerospace, defence, pharma, life sciences, auto, EV and related sectors.”
Along with Nirani and Dr Reddy, the delegation also includes Gunjan Krishna, Commissioner for Industrial Development and Director, Department of Industries & Commerce, besides other senior government officials.
During the week-long roadshow, the delegation will be meeting the representatives of UKIBC, Field International, Rolls Royce, Incora, Eaton, Hinduja, Schneider Electric, Dassault Systems, Saint Gobain, Infra Week India, Thales, Thyssenkrupp, Henkel, Bayer and Mittlestand, wherein the minister will be showcasing the industry-friendly policies of the state and present Karnataka as an ideal investment destination for the European companies.
The delegation will also meet Mona Neubaur, Deputy Prime Minister of the state of North Rhine-Westphalia at Dusseldorf, Germany.
Karnataka – A land of opportunities for European companies to invest
- Key Offerings that make Karnataka the most attractive investment destination in India
- Investor-friendly policies with multiple financial incentives to create favorable cost economics
- Readily available industrial eco-system including a land bank of 50,000 acres that has been earmarked for industrial development.
- Highly skilled & trained labor workforce, along with a robust skill infrastructure and subsidies
- Well connected to demand centers and gateways with an efficient logistics network
- Revamped processes to facilitate Ease of Doing Business
- Industrial ecosystem well supported by World Class Social Infrastructure
- Invest Karnataka 2022 – Global Investors Meet
The Global Investors Meet 2022 is a platform to bring together industry leaders, innovators and policymakers from all over the globe to explore new growth possibilities.
Around 5,000+ global delegates are expected to attend the meet. The GIM with contemporary themes will be an opportunity to connect, collaborate and network with global leaders, experience the best of innovation and technology and immerse in the rich culture and heritage of Karnataka.
The meet will host plenary sessions, tech-driven special sessions, B2G meetings, local food experiences, cultural shows, networking, and much more. For more information, visit www.investkarnataka.co.in. (ANI/NewsVoir)