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Karnataka eyes on attracting investments – Meets Industry in Jamshedpur, Jharkhand

Sri Darpan Jain, IAS, Commissioner for Industrial Development, Department of Industries and Commerce, Government of Karnataka

Government of Karnataka aims to leverage on the technology and manufacturing prowess to attain a position of leadership and excellence in manufacturing and overall industrial development. In this regard, Government of Karnataka is organizing Vendor Development and Investors Summit on 23rd and 24th November 2017 at BIEC, Bengaluru. The summit will act as a common platform for CPSUs, SPSUs, Mega and Large units in identifying vendors of their choice in terms of production capacity and quality standards. This meet will also help MSMEs understand the need of the OEMs. In addition, this programme will benefit MSMEs in planning their production and product diversification.

More importantly, the Summit will facilitate the participating companies in exploring the investment opportunities in the State of Karnataka and firm up their new/expansion investment proposals with the State Government in terms of project approvals or MOUs.

To promote the event among Original Equipment Manufacturers (OEM’s) and MSME’s, Sri Darpan Jain, IAS, Commissioner for Industrial Development, Department of Industries and Commerce, Government of Karnataka along with Senior officers of Karnataka Government visited Jamshedpur today. During the day the delegation met with some of the key industries from Jamshedpur to invite them to participate in the event and to discuss their interest in expanding their business in Karnataka. The delegation had one to one meetings with 15 companies covering various sectors.

During the meetings, Commissioner discussed with the companies the support and facilitation provided by Government of Karnataka for implementation of their projects in the state. He also invited them to participate in the forthcoming “Vendor Development & Investors’ Summit 2017” in Bengaluru.

In the evening, Government of Karnataka had organised a Road Show wherein presentation was made on “Manufacturing Eco system of the State” to the large audience present. More than 100 industry representatives and prospective investors participated in the Road Show.

Commissioner for Industries – Karnataka, in his address stated that Government is focused on providing momentum for imaging itself as the most industry friendly state in the country. While focusing on the growth, we are taking cautious steps to ensure that the development would not have adverse effects on the environment, people and the ecosystem. He also outlined the potential for investments in various sectors in the state; viz. Aerospace & Defence Equipment Manufacturing, Automobiles, Auto components & Electric Vehicles manufacturing, Biotech, Pharmaceuticals and Medical Devices, Agriculture & Food Processing and Machinery, Textile and Apparels and Innovation & Start-ups among others.

Mr. Deepak Sood, CEO, Invest Karnataka Forum, made a detailed presentation during the Road Show on “Enabling Manufacturing Ecosystem of Karnataka.”

Mr. Neeraj Kant, Chairman, CII Jamshedpur & Managing Director, The Indian Steel & Wire Products Limited Volvo Group India., Mr Killol Kamani, Vice Chairman, CII Jharkhand & Managing Director, Samarth Engineering Co Ltd., Mr A.B.Lall, Head – Manufacturing, Tata Motors Limited., Mr Amitava Bakshi, Chief of Procurement, Tata Steel Limited., Mr.Kamal Bali, President & Managing Director, Volvo Group India Pvt. Ltd., were also present in the Road Show.