The Congress Government led by Chief Minister Siddaramaiah is eying to garner an investment of Rs 1.30 lakh crore through mega global investors meet to be held from February 3. Chief Minister Siddaramaiah announced this in a press conference in Bengaluru on Monday.
The three day mega event "Invest Karnataka 2016, beginning here on February 3, would showcase new eco-system for investment Chief Minister claims the expectations were realistic and positive. He said ," State Government has cleared proposals worth Rs 1.30 lakh crore in the last two years and they were in different stages of implementation".
'The Government is expecting to attract double the investment received so far', he added.
On a political question about NDA Government led by Prime Minister Narendra Modi supporting the State he said the state was getting support from the union government. Chief Minister said he wanted to invite Congress Vice president Rahul Gandhi but couldn't come as he was busy with other issues.
Industry's minister RV Deshpande claimed many global investors were looking ahead to invest in Karnataka in many sectors. He also said the bifurcation of Andhra and Telangana has helped Karnataka as many investors in certain sectors were coming in a big way to the state. However he added that the state was in no way competing with other states in luring the investors. He claimed this is for the first time in the country such an investment was coming spread across many sectors.
Karnataka's new industrial policy envisages 12 per cent industrial growth, Rs 5 lakh crore investment and generation of 15 lakh jobs.