Nation Current Affairs 29 Jan 2016 Invest Karnataka 201 ...

Invest Karnataka 2016: Rebooting Bengaluru to woo investors

DECCAN CHRONICLE
Published Jan 29, 2016, 3:41 am IST
Updated Jan 29, 2016, 3:44 am IST
Infrastructure in city, outskirts to get facelift; prominent industrialists to attend meet
Preparations for Invest Karnataka 2016 in full swing at the venue on Palace Road in Bengaluru
 Preparations for Invest Karnataka 2016 in full swing at the venue on Palace Road in Bengaluru

Bengaluru: With just four days to go for Invest Karnataka – 2016, investment options ranging from sectors such as infrastructure, bio technology, aerospace, defence, information technology, power, entertainment and agriculture infrastructure among others are open.

The country’s prominent industrialists like Ratan Tata, Kumar Mangalam Birla, Sajjan Jindal and Baba Kalyani are expected to attend.

 

As far as Bengaluru is concerned, it will get a paradigm shift as the Invest Karnataka aims at developing Bidadi, 35 km from the city as the Knowledge Park with physical and social infrastructure, Light Rail Transit System (LRTS), development of North-South corridor (10.6 km) connecting Central Silk Board to Hebbal, development of East-West corridor-1 (19.7 km) connecting KR.

Puram to Gorguntepalya, construction of eight-lane Peripheral Ring Road (PRR). These projects will help ease the city’s traffic problem and help provide seamless movement.

 

Looking at broader perspective, infrastructure at other cities like Tumakuru, Belagavi, Chikkaballapura, Tadas, Dharwad, Gorur Dam, Hidkal Dam, Haveri, Koppal and other districts too will also get impetus with investments in the field of agri-infrastructure, tourism, energy and health.

Huge investments is expected to plough in into the development of modern sea port at Tadadi in Kumta Taluk, Development of river cruise, merchant gas based power plant in Belagavi, upgradation of Government hospital to multi-specialty hospital and other projects.

 

In the wake of power crisis, thrust has been given to rooftop solar PV energy harvesting and integration with smart grid at Tumakuru. With the Tumakuru short-listed for smart city programme, the growth will be exponential.

The state government has kept options of bidding route or Public Private Partnership (PPP) projects or to propose their own projects under Swiss challenge and other mode open for investors.

Invest Karnataka 2016 - Global Expo is spread over one lakh sq. ft. area consisting of over 500 booths. It offers tremendous opportunities to country partners, investing organisations, government departments, states of India to showcase their strengths and offerings.

 

It is an excellent forum to propagate capability of different organizations to over 5,000 delegates and over 25,000 business visitors. Leading nations and states of India and Banking, Financial services and Insurance companies will be part of the meet.

Delegates and investors from Germany, United Kingdom, South Korea, Italy, France, Sweden and Japan have evinced interest in taking part in the Invest Karnataka meet.

Conceptualised to be an integrated global business platform, Invest Karnataka is expected witness a large number of high quality footfall of prospective investors, industry leaders, trade bodies and associations, entrepreneurs, governments, academia and research Institutions.

 

Investments in key sectors

  • Aerospace and Defence
  • Automobiles
  • Machine Tools and Textiles
  • Electronics and Hardware
  • Agro-tech and Food Processing
  • Healthcare and Lifesciences
  • Infrastructure,
  • Renewable Energy,
  • Skills, Education and R&D,
  • Tourism

 Ease of doing business

  • Dedicated Single Window Agency for project approvals formed under Karnataka
  • Facilitation Act, 2002. Project approvals will be provided online through Single Window portal.
  • (www.ebizkarnataka.gov.in)
  • All commercial tax related services would be provided online, online information on availability of land in industrial areas helps attract investors
  • Timelines fixed for providing most of the industry related services under Karnataka Guarantee of Services to Citizens Act
  • Property registration fully computerised

 

...
Location: India, Karnataka, Bengaluru




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