The Karnataka government on Wednesday set a target of Rs.1 lakh crore in investments at the upcoming Global Investors’ Meet (GIM) to be held here from February 3-5, an official said on Wednesday.
“In view of the overwhelming response to
our road shows held across the country and overseas, we are setting a
realistic target of Rs.1 lakh crore from the GIM-Invest Karnataka 2016,”
state additional chief secretary Ratna Prabha told reporters.
In the run-up to the event, Karnataka
organised 72 Business to Government (B2G) meetings in Delhi, Mumbai,
Hyderabad, as well as the US and France identifying 12 focus sectors.
In the road shows in India, the state
received investment proposals worth Rs.25,000crore and is hopeful of
receiving more from domestic and overseas investors during the summit,
said Prabha.
According to an audit committee meeting
held on November 27, another Rs.36,193crore worth of projects were in
the pipeline, said an official statement.
Major investments so far include a
Rs.2,300 crore Asian Paints plant in Mysuru, Rs.1,000 crore GSK
pharmaceutical plant, Rs.600 crore Tata Power SED plant in Vemgal,
Scania bus plant in Narasapura and Toyota engine plant in Bengaluru
among others.
