Mangalore: Global Investors Meet - Karnik Expects Rs Two Lac Crore Investment in State


Daijiworld Media Network - Mangalore (SP)

Mangalore, Sep 5: MLC and Karnataka Non-resident Indians Cell vice-president Capt Ganesh Karnik said that he expects to attract investment of over two lac crore rupees to the state, through the global investors meet being held in Bangalore on January 11 and 12, 2010, in different segments. He was speaking to the reporters in the city on Friday September 4.

The cell has before it, about 40 projects for consideration. Taking into account the advantages and opportunities of different regions, these projects have been prepared. They include information technology and bio-technology projects in the city and Davanagere, aeronautical industries near Bangalore apart from steel industries in Bellary, he explained.

For attracting investment during the meet, four teams have been formed. The first team headed by Chief Minister Yeddyurappa is already on a tour of China. Two other teams will shortly be visiting Singapore and Japan, Karnik revealed.

  

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  • Dr Sudaram Rai. London, London

    Wed, Sep 23 2009

    Wonderful idea only if done, like done in Gujarat. I am worried and concerned, will the corrupt officials will ever allow any developments in Karnataka. NRI investors will not know whom to bribe to get the project succeed.

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  • vincy, shamboor/Bangkok

    Sun, Sep 06 2009

    Please make the roads and widen them before you talk to NRI investors or foreign companies.The pictured showed on the article on daiji about the roads between mangalore to udupi is shocking and you expect foreign companies to come and invest in Mangalore.They can invest in many projects but they cannot make roads.And even if they are interested to make private roads the government will not support it.

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  • Joe D''Souza, Mangalore

    Sun, Sep 06 2009

    I wish these people will shut their mouth,so that We the Public can have peace of mind. Mr Karnik is day dreaming. I had 3 people came from overseas to invest in Mangalore. 2 of them from United States and 1 from Gulf State. I took one of them on City tour,from Mangalore through Valachil-Adyar back to City. He was ready to jump off the car looking at the condition of roads in Mangalore.

    At one place there is only few inches wide road still existed. He was dumbfounded just looking at the infrastructure of the City. So there He went back. Second Global Investor went along with me to City Office of MCC. at Lalbaugh to meet Enviromental official.

    The most filthy and foul smelling building where Urine smell was oozing out of Restrooms into the hallway. To surprise,it was coming out of Restrooms close to Health Department Chief. This Global Investor got sick and was ready to vomit. He packed up His luggage with Investment Ideas. Now the third Global Investor wanted to open a BPO in Mangalore. He figured out that He may not make much out of His Investment due to Communal problems,Lawlessness and Corruption.

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  • John Vas, Kulshekar/Dubai

    Sat, Sep 05 2009

    Are you sure? Do you have facts and figures during press conference? or only sweetened words from Karnik. I wonder in Mangalore 4 lane road Surathkal to B.C. Road, which was suppose to get completed by end of this year, still now govt. does not know why it is dealayed, whom to contact and finsh the workas promised by govt. officialsr last 2 years project got delayed and last month they came to know they can''t complete.

    I get amused when officials say to fool the citizens money will come because no body has seen it, My only request to the officials DO NOT BE FOOLS IN front of citizens and talk for the sake of press conferences. Prove first implementing smaller projects then go on inviting others to the state...Before inviting others provide, water, electricity and road worthiness to travel then one should invite others after basic infrastructures are in place. This is the way Dubai Govt. operates and people come to invest. Learn from others atleast.

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Title: Mangalore: Global Investors Meet - Karnik Expects Rs Two Lac Crore Investment in State



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