Bangalore, June 3 (KCU,JP& KMS) - The crème de la crème of Indian industry made their way to the Palace grounds here for the Global Investors Meet (GIM) that began at 10.30 am today.

The State Government, in an attempt to place Karnataka firmly on the development map, has been wooing many of the top industries in the world to set up ventures in the State.

The GIM was inaugurated by Arun Jaitley, Leader of the Opposition, Rajya Sabha, while Dr. Veerappa Moily, Union Minister for Law and Justice, opened the exhibition. Subodh Kant Sahai, Minister for Food Processing, released the sector and district profiles and the interaction website was clicked on by Dr. Kasturirangan, Member, Planning Commission.

The summit, organised by the State Industries Department and Karnataka Udyog Mitra, with the Confederation of Indian Industries (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) as associate partners, will witness presentations on investment opportunities in the State across various sectors, including infrastructure, energy, electronics, tourism, IT and biotechnology.

About 3,000 investors from India and abroad, attending the meet, are likely to rope in an investment of about Rs. 4 lakh crore.

Welcoming the investors, Chief Minister B.S. Yeddyurappa anticipated a two-fold growth in industries in the State with the support of investors.

"It is not just an industrial growth that is foreseen but will also generate employment for thousands of people. Natural resources are aplenty in the State and can be tapped for the right cause. It would also generate good revenue for the government to be used for development works. A friendly atmosphere will be created for the investors with minimal administrative hassles. Industrialisation will not be just centred around Bangalore but will spread throughout the State to eventually make it a model one in the country,” he assured.

Launching the programme leader of the opposition in the Rajya Sabha Arun Jaitley pointed out that competition was high to woo global investors in the country and Karnataka had all the necessary features to set up industries.

A exhibition covering about 20,000 sq ft showcased the multiple advantages, incentives, tax reliefs and pro-industry policies of the state government, including single-window clearance, land bank and other facilities for speedy execution of projects.

The inaugural meet is split into two sessions. The afternoon session is divided into talks on aerospace, minerals, tourism and biotechnology.

Tomorrow's programme will see discussions on automotive sector, IT, Infrastructure and power in the morning session, followed by deliberations on food processing, textile, health and education sectors.

Chief guests Lakshmi Mittal (Chairman, ArcelorMittal), Dr. Vijay Mallya (Chairman, UB Group), Kumar Mangalam Birla (Chairman, Aditya Birla Group), Azim Premji (Chairman, Wipro), Sajjan Jindal (MD, JSWL Steels), Shashi Ruia (Chaiman, ESSAR), Kris Gopalkrishnan (MD & CEO, Infosys and Chairman, Karnataka Vision Group of Industries), Venu Srinivasan (IPP, Confederation of Indian Industry) and Dr. Devi Prasad Shetty (Chairman, Narayana Hrudayalaya) were present.

Besides the industry captains, IT&BT Minister Katta Subramanya Naidu, Transport Minister R. Ashok, Tourism and Infrastructure Minister Janardhana Reddy, SSI and Sericulture Minister Venkatramanappa, MP Ananth Kumar, Mayor of Bangalore S.K. Nataraj, MLA Dr. C.N. Aswath Narayana and FICCI Steering Committee member S.N. Agarwal were present.

Protest against GIM

Farmers' organisations staged protest demo against the GIM in front of the Town Hall today. They expressed fears saying that too rapid industrialisation would have an adverse impact on the environment as well as socio-economic conditions.

Star of the show

Steel baron Lakshmi Mittal of Arcelor-Mittal was the star attraction at the GIM this morning. He came by a special flight and after attending the Meet for a couple of hours, he returned. It may be recalled that ArcelorMittal is setting up a 6 MT-capacity steel plant in the Bellary belt with an investment of Rs. 30,000 crore. The steel industries are on an upswing with demands on the rise both in the Asian and the US market.

Courtesy : Star Of Mysore