Karnataka Govt To Hold Global Investors Meet In Bengaluru From 3 To 5 November To Attract Investments In State

The Karnataka government would hold a Global Investors' Meet (GIM 2020) in Bengaluru from 3 to 5 November to showcase the southern state's ecosystem for attracting investments from the world over, an official said on Friday (24 January).

"Our Chief Minister B S Yediyurappa held the first road show on the GIM at the 50th World Economic Forum (WEF) annual meeting, being held at Davos in Switzerland and invited global firms to participate in the 3-day event for investment opportunities," additional secretary P Ravikumar said, reports Outlook.

At a curtain-raiser on "Invest Karnataka 2020" on Thursday (23 January) in Davos, the state Chief Minister said the theme of the GIM would be "Innovate Now. Growth Forever" as the state had one of the best natural and human resources for investing in manufacturing, services and agriculture sectors and creating jobs.

"About 100 entrepreneurs, businessmen and heads of global firms participated in the roadshow to assess the state's industrial policies, incentives, infrastructure, tax system and its ease of doing business for investment potential," Ravikumar said.

Among the participants at the event were Swiss-India parliamentary group president Niklaus-Samuel Gugger, Uber Chief Executive Dara Khosrowshahi, General Electric (GE) executive William Cowan and heads of Gemini Corporation, Coca Cola, SAP Labs, Swiss Re and Mitsubishi Heavy Industries.

(With inputs from IANS)