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3rd June 04:30 pm Bangalore
Chief Minister's Inaugural speech - GIM
3rd June 04:30 pm Bangalore
Press release - day 1
3rd June 04:30 pm Bangalore
Global Investors Meet 2010 Promises Accelerated Growth For State Of Karnataka
3rd June 04:30 pm Bangalore
MoU signed at GIM Inauguration.
3rd June 04:30 pm Bangalore
Highlights of GIM - Day 1
3rd June 04:30 pm Bangalore
KARNATAKA SIGNS EIGHT MoUs IN
AEROSPACE SECTOR
3rd June 04:30 pm Bangalore
KARNATAKA SIGNS TWO MoUs IN
BIOTECHNOLOGY SECTOR
3rd June 04:30 pm Bangalore
KARNATAKA SIGNS 37 MoUs IN
TOURISM SECTOR
3rd June 04:30 pm Bangalore
KARNATAKA RECEIVED 48 PROPOSALS IN MINERALS SECTOR
Press Note - Meeting with POSCO - 05.04.10
The Karnataka delegation lead by Shri.Murugesh R.Nirani, Honerable Minister for large and medium scale Industries, and Shri. V.P.Baligar, Principal Secretary, Commerce and Industries department, Shri. Ashok Kumar Manoli, Principal Secretary, Department of IT, BT and S & T, Dr. Rajkumar Khatri, Commissioner of Industries, Shri. M.E. Shivalingamurthy, Director, Mines and Geology Department, Shri. Shivaswamy, Managing Director, Karnataka Udyog Mitra met Shri. Skand R. Dayal, Indian Ambassador, Republic of Korea and representatives of Indian companies in South Korea and discussed the investment opportunities in Karnataka. They also discussed regarding long term vision in partnering South Korean companies in R & D and manufacturing sector. It was further discussed to motivate Korean companies for execution of contracts in infrastructure , power and petrochemical sectors.
The delegation also met top management executives of POSCO at their headquarters in Seoul. They expressed their happiness for having approved the projects for establishment of 6 million tons per annum integrated steel plant with finex technology in Karnataka with investment of Rs.32,300 crores. They also discussed regarding the investment plan and mining lease for their unit. The top executives informed that they will be sending the technical team to Karnataka for survey of mining area shortly. The Honerable Minister assured the company of all support from Government of Karnataka for establishing their plant.
Press Note - Seoul Roadshow - 06.04.10
A. As a prelude to Gobal Investors Meet 2010, a road show on “Investment opportunities in Karnataka” was held on 6-4-2010 at Seoul, Republic of Korea. H.E. Skand R. Tayal had made welcome remarks on the occasion. Shri. Murugesh R.Nirani, Honourable minister for Large and Medium Industries addressed the gathering and highlighted the strength and advantage of Karnataka for doing business and requested the Korean companies to invest in Karnataka for the mutual benefit. He assured the support of the Government for investments in Karnataka and also requested the Korean companies to participate in ensuing “Global Investors Meet”. Mr.Paul Jeong , President, Indo-Korea science and technology had shared the experience of doing business by Korean companies in India. Shri. Rajkumar Khatri, Commissioner for Industries welcomed the investors for the road show. Shri. V.P. Baligar, Principal Secretary, Commerce and Industries department made a presentation on “Investment Opportunities in Karnataka”. Shri. Ashok kumar Manoli, Principal Secretary, Department of IT, BT and S & T also made a presentation on IT collaborations of South Korea and India-partnership for Growth.
For the road show 55 companies had participated in various sectors like renewable energy, transformers, switchgear, measurement instruments, gearbox, electrical motors, electronics, telecom, construction, waste management, heavy industry and material for metro rail etc.,. Some of the prominent companies attended the road show are as follows:
- Hyundai Rotem
- Hyosung corporation
- Sunghan electronics company limited
- Mecen IPC company ltd.,
- Turtleback corporation
- SK C & C
- Hyundai Engineering and construction
- Daeyoung Corporation
- Hitrol co., Ltd.,
- ACE trading corporation
B The delegation also met Mr.Ki-Sik Park, Executive Vice-President for Strategic Business for Korea trade investment promotion agency(KOTRA) and invited the Korean investors delegation to “Global Investors Meet”. He welcomed the invitation and assured the delegation that he would positively consider to visit India along with Korean investors. He also informed the delegation that he would open the KOTRA office in Bangalore.
Press Note- Singapore Roadshow - 07.04.10
As a prelude to Gobal Investors Meet 2010, a road show on “Investment opportunities in Karnataka” was held on 7-4-2010 at Singapore. H.E. Dr.T.C.A.Raghavan, High commissioner, singapore delivered the welcome address. Shri. Murugesh R.Nirani, Honourable minister for Large and Medium Industries highlighted the strength and advantage of Karnataka for doing business and invited the Singapore companies to invest in Karnataka for the mutual benefit. He assured the support of the Government for investments in Karnataka and also requested the investors to participate in ensuing “Global Investors Meet”. Ms.Chong Siak Ching, President and CEO, M/S.Ascendas pvt., ltd., shared her experience of doing business in Karnataka. She acknowledged the support she has received from Govt., of Karnataka in establishing IT park in Bangalore. Shri. V.P. Baligar, Principal Secretary, Commerce and Industries department made a presentation on “Investment Opportunities in Karnataka”. He highlihted the focus sectors such as aerospace, infrastructure, food processing, tourism and power. Shri. Ashok kumar Manoli, Principal Secretary, Department of IT, BT and S & T also made a presentation on strength and opportunities in IT and BT sector. Shri. Aroon Raman, Chairman, CII, Karnataka chapter made remarks regarding strong economic growth and future prospects Karnataka holds. Shri. Rajkumar Khatri, Commissioner for Industries conveyed vote of thanks in the road show.
The road show generated lot of interest among the investors and received positive response for investment. 110 companies participated in the road show. They represent various sectors like infrastructure, telecom, construction, power, hardware etc.,. Few of the companies are as below:
- Ascendas pvt., ltd.,
- GMR infrastructure pvt., ltd.,
- KPMG
- Hazelberg Asia
- Jurong infrastructure
- Nikkei Asia pvt., ltd.,
- ST Kinetics
- PUB Singapore
- Hewlett-Peckard
- BP Singapore
- SICCI
The keen interest of the investors was evident in the active interactive session that followed the presentation session. Many of them have agreed to send their technical team to Karnataka to study investment opportunity.
Making the best of today, now
Making the best of today, now
Global Investors Meet in Bangalore on June 3-4
Bangalore: Head of the Asian Development Bank Haruhika Kuroda, recently, urged his better-off members to become aid donors, not recipients. Alan Wheatley, the 40-country veteran journalist, economy watcher and NYT columnist, while pointing out the importance of Kuroda’s appeal, said it was a “good indication that the region's rise is not just a flash in the pan”.
Indeed, it’s been a long wait, but the time has arrived for Asia to play a bigger global role across the spectrum, “from shaping financial supervision to managing international financial institutions and digging into its pocket to help those worse off”.
Further, the time is just ripe – as the macroeconomics and economics of climate change specialist John Llewellyn says – for economies like China, India and Indonesia to turn to domestic sources for economic growth.
With the meltdown blues behind us, therefore, it is apparent why Karnataka – one of the top five industrialised states in India -- should call on investors across the globe and showcase her economic wherewithal under the thematic banner of “The Knowledge Hub of Asia”.
“Karnataka is recognised globally as an undisputed investment destination with strong credentials. The state has the third-highest FDI inflow in the country, positive investments and conversion ratios, proactive sectoral and investor-friendly policies, a vibrant eco-system for the Industry with skilled manpower, strong hub for R&D, pleasant weather for ample tourism opportunity, expanding infrastructure SEZs, and sector-based centres and parks – all that is quite appealing to the Global Investor,” says Chief Minister B.S. Yeddyurappa.
An icing to the recognition Karnataka enjoys, the World Bank recognised it a state with the “Most Positive Business Environment” and the “Best Place to Live and Work”.
Murugesh R. Nirani, the State Minister for Large and Medium Scale Industries, further explained: “Karnataka's economic growth across 12 sectors, including IT, BT, Aerospace, Machine Tools, Sericulture, Floriculture, Coffee and Gold, has been rapid and on a steady ascent. As we see, none of its 30 districts has remained untouched by the phenomenon
For a state on a definite high, data do the talking for Karnataka: Over 700 MNCs and 87 Fortune 500 investor companies in the state, one new entrant from across the globe every week; an emerging leader in the steel, cement, and food processing and textile sectors; over 103 R&D centres; 19 universities; 153 engineering colleges; 33 Medical colleges; 39 dental colleges, and 1,003 industrial training institutes turning out a ‘ready-to-hire’ skilled personnel.
The Global Investors Meet, therefore, draws on these very strengths that grant the state an astute, mature and undisputed position internationally. Why Knowledge Hub of Asia? Because, along with the first-mover advantage that Karnataka has over sectors, including information technology, biotechnology, nanotechnology, aviation, machine tools and construction equipment, defence technology, knowledge and business process outsourcing and clinical research are some qualities that make it ‘Advantage Karnataka’.
A Meltdown fallout, as iron ore prices declined post May 2008, a number of mining companies got into steel production in Karnataka. The drop in demand for iron ore from China, which accounts for over 90 per cent of India’s iron ore exports, has led the industry to explore other markets such as Japan, South Korea, Pakistan, Turkey and the UAE. Cases in point: Xinxing Group and China National Metal, entered into a JV with Indian partners for an iron-ore pellet plant at Koppal, a district 380 km from state capital Bangalore. Similarly, a Bellary-based iron ore mining company has set up two iron ore beneficiation plants in the district, with an aim to utilise the iron ore fines as the basic raw material for its pellet plant at Koppal.
In a way, the Global Investors Meet in Karnataka is celebrating the post-meltdown high five India got from the world. Only, as the congratulatory notes continue, the state is making the best of the resource pool it has. For, the global meet is unprecedented, focusing on its inherent qualities -- proactive policies, rich human and natural resources, rapid development across sectors and districts, and living and working standards worth aspiring for. The meet will help investors and FIs decide their areas of interest, link them with the opportunities the state has to offer, and deliver to them professional acumen across sectors.
The Global Investors Meet 2010 will be held in Bangalore on June 3-4. |
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