News Karnataka
Wednesday, December 07 2022
Bengaluru

K’taka rated India’s most attractive state for investment,3rd time in a row

Photo Credit :

Bengaluru: Karnataka has, for the third time, been named the best state in India for investors according to the statics published by the Department of Industrial Policy and Promotion. The report also showed a significant gap between Karnataka and the state coming second.

According to the report, the state managed to pull in potential investment or Industrial Entrepreneur Memorandum (IEM) of at least Rs 79,866 crore till August of this year, which is at least 60% more than Gujarat.

In response to the report, K J George, Karnataka’s Minister for Large and Small Scale Industries, has said that the government will continue to ensure that the state remains the top destination for investment in the country and also generate a large number of jobs in the process.

The state has consistently been rising in ranks since 2013, when it was placed 11th on the list, jumping to the 4th place in 2014 and the 5th in 2015 prior to topping the charts in 2016 and 2017.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp