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Karnataka expects Rs 2,500 cr investments in auto, other sectors

Invest Karnataka-2015

 

Karnataka state government is expected to attract Rs 2,500 crore investments to Karnataka in various sectors including automotive this year.

Disclosing this while addressing at ASSOCHAM event held in New Delhi today, Karnataka Industries Minister R V Deshpande, that investor community in Delhi had discussed about their proposals and promised to make investments to the tune of Rs 2,500 crore in various sectors including automotive and aerospace in Karnataka.

While narrating about the industrial friendly climate in Karnataka, Deshpande said many states across India are competing with each other in cornering investment. The industry should look for  infrastructure, human resource, ease of doing business and feasible investor relations before making investments in any state and not merely urge for incentives.

Deshpande was speaking at ‘Invest Karnataka-2015: Road Show,’ organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in Delhi today.

The Invest Karnataka-2015 road show was to attract investments to Karnataka during the forthcoming Global Investors Meet-2015 to be held in Bangalore.

He also said the Karnataka government prefers taking suggestions from the industry leaders rather than the bureaucrats while drafting and bringing out various industrial policies.

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