News Karnataka
Monday, April 22 2024

Invest Karnataka 2016 begins; State Govt hopes for Rs 1lac cr investment

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Bengaluru: Siddaramaiah led state government, which is hosting the biggest international events, a three-day Invest Karnataka 2016, is hoping to bring in a huge investment of over Rs 1lac crore into the state.
The three-day event that opens today, February 3, could pull off a major coup for the Siddaramaiah government.

The event expected to have more than 3,500 delegate registrations, 160 speakers and over 500 exhibitors.

The state government has already put up a list of 145 projects on their website which require investments.

The projects with the highest cost are the Satellite Town Ring Road (STRR) and Integrated Township at Bidadi, both costing a total of Rs 30,000 crore each.

The first day will see business meetings in the areas of areospace and defence, agri-business and food processing, bio-technology and energy.

The following day the focus will be on auto and machine tools, urban infrastructure, information technology, tourism and other related departmental business meetings. Country sessions with Germany, UK, Italy and South Korea will follow. Promoting women entrepreneurship will also find a place. MoUs are expected to be signed in the areas of electronics and manufacturing, infrastructure, pharma, textiles and garment industries.  

Friday will see outdoor visits to industrial parks and places of tourism interest in the state.

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