Karnataka received highest investment among states this year: BS Yediyurappa

Karnataka chief minister BS Yediyurappa on Thursday mentioned that the state had attracted funding price Rs 1.38 lakh crore this 12 months, including it was “the highest in the country which would create 70,000 direct employment”.

The state is presently ranked second by way of FDI investments for the interval ending June 2020, the CM added.

In an effort to attract home traders to spend money on the state, CM Yediyurappa mentioned that the state was a favoured alternative for them and is house to 400 of the Fortune 500 corporations on this planet. He urged Indian corporations to step up their investments within the state.

Yediyurappa made these remarks whereas just about addressing varied business captains at an occasion organised by the Public Affairs Forum of India (PAFI), National Forum 2020. The Karnataka CM highlighted quite a few enterprise alternatives and investments that have been obtainable for home traders within the state in IT, ITES companies, machine tooling, manufacturing, aerospace, biotechnology, and engineering design.

Stating that Karnataka is an almost US$ 250 billion economic system with strengths in a variety of industries – machine instruments, heavy equipment, vehicles, electronics, aerospace, protection, biotechnology – the CM emphasised the advantages of the New Industrial Policy 2020-2025, launched by the BJP authorities, which he mentioned would assist “to build a prosperous Karnataka and create large-scale employment opportunities”.

Stressing that the state is dedicated to bringing ease to regulatory compliance for companies, he mentioned they have been working in partnership with departments and varied stakeholders to make it simpler, easier and faster for companies to begin and function within the state.

Large, small and medium scale industries minister Jagadish Shettar, who additionally spoke on the occasion, mentioned that the state is taking cautious steps to reboot the economic system and help financial actions.

“The recent NITI Aayog 2019 Innovation Index has Karnataka at the top. This has been possible due to the availability of quality human resources, reputed higher educational institutions, and a significant thrust on research and development aided by a proactive administration and conducive investment climate,” he added.