From Our Special Correspondent
Daijiworld Media Network

Bengaluru, Feb 4: Karnataka’s Minister for Large and Medium Industries Jagadish Shettar visited FMCG sector in Guwahati to obtain information about establishing the cluster and invite investors for ‘Invest Karnataka Hubballi 2020 on Tuesday.

The Minister, along with officials from Industries Department, is on a visit to Guwahati to invite the industrialists to the investors’ meet in Hubballi which is slated to be held on February 14.

He was speaking at a meeting held for businessmen and investors, organised by FICCI Karnataka Chapter and Invest Karnataka Forum, where the Guwahati Management Association Members were present.

He said “The State Government led by Chief Minister BS Yediyurappa is dedicated to making Karnataka No.1 investor-friendly state and the new industrial policy is being framed in this direction. There is an industry-friendly environment in the state, especially in part of Hubballi-Dharwad. The government has provided necessary facilities needed for the establishment of FMCG cluster in these regions.”

Shettar said the State Government has been introducing policies in favour of new businesses and investments.

It will be introducing schemes to encourage entrepreneurs to invest in two and three-tier cities. The upcoming Invest Karnataka Hubballi is another step in this regard, he said.

The minister appealed to the businessmen of Guwahati to take part in the investors’ meet and to take stock of the ample opportunities available in North Karnataka.

The state government is preparing the new industrial policy that aids public-private partnership to develop industrial sector. The entrepreneurs and investors will be provided all-round support to invest in Hubballi-Dharwad.

Karnataka has a GDP of US $216 billion and is growing at over 9.6% annually. The state provides a competitive environment for production with international standards and there are ample opportunities for investment too, he said.

It is one of the top three states for foreign direct investment and stands second at export in the year 2018-19.

The state is well-known as the hub for automobiles, electric vehicles, aerospace and defence, engineering and machine tools, electronics, information technology and biotechnology.

According to World Bank, Bengaluru is the fourth-best city for investment in the country, he added. The Government is committed to simplify business activities and make Karnataka the most investment-friendly state.

He requested the investors and entrepreneurs from Guwahati to consider the advantages and come forward to invest in Hubballi-Dharwad.

Along with Invest Karnataka Hubballi, the state government is also organising Global Investors’ Summit, Invest Karnataka 2020 in Bengaluru from November 3 to 5, the Minister informed the businessmen at the meeting.

Shettar visited and studied the operations at the industrial units of Ujala, Margo, among others.

COO of Invest Karnataka Forum Swaroopa TK and other officials were part of the delegation.