From Our Special Correspondent
Daijiworld Media Network
Bengaluru, Oct 13: The leading global business conglomerate, Piramal Group with diverse interests in the pharma, financial services, real estate and glass packaging with offices in over 30 countries and active in over 100 markets, has evinced interest to invest in the pharma sector in Karnataka.
Piramal Group Chairman Anand Piramal, who held a virtual meeting with chief minister B S Yediyurappa on Tuesday, was offered all cooperation for his investment plans in the state.
Yediyurappa explained the series of industry-friendly and pro-investment decisions taken by the state government in the recent past and pointed out that the state has been attracting investments from diverse sectors in different parts of the state.
Despite the challenges posed by the COVID 19 pandemic, which has affected industrial growth and development all over the country, the chief minister said the state government went ahead with unveiling the new Industrial policy for the years 2020-25 in order to ensure comprehensive development of the state by removing all obstacles in the path of investment.
Karnataka is ideally suited for industrial development, setting up of new ventures, their development and conducive atmosphere for growth, the chief minister said.
The chief minister mentioned that Karnataka offered ample scope for investment in the pharma sector, research, exports and packaging.
Leading pharmaceutical companies like Biocon, Astra Geneca and many others were already functioning the state, the Chief Minister said and assured the Piramal Group Chairman that any problems faced by the company would be solved quickly.
Anand Piramal said the Group had sufficient expertise in the pharma sector and promised to consider investment in the State enthused by the pro-active policies of the government.
Large and Medium Industries Minister Jagadish Shettar offered to provide necessary encouragement for industrial investment.
Home minister Basavaraj Bommai, revenue minister R Ashok, health and medical education minister Dr K Sudhakar, Industry and Commerce department principal secretary Gaurav Gupta were among the key persons who participated in the virtual meeting.
Starting as a textile-centric business into a diversified business conglomerate, the Piramal Group has presence in various sectors such as healthcare, life sciences, research, drug discovery, healthcare information management, glass packaging, financial services and real estate.