Karnataka has managed to garner substantial investments in energy and infrastructure sectors.
Interacting with the biotech industry ahead of the Global Investors Meet (GIM) 2012, Mr M.N. Vidyashankar, Principal Secretary, Industries Department, said “The emphasis this time has been on the energy and infrastructure sectors. Already, about 32-33 per cent of all investments which have come in are from important sectors like energy, infrastructure, tourism and healthcare.”
“The state so far has attracted investments to the tune of Rs 6 lakh crore and this reinforces the fact that Karnataka retains its position as the most favoured investment destination in the country,” he added.
The GIM 2010 had a total value participation of Rs 3.89 lakh crore and the hit rate was close to about 62-63 per cent which is a very high figure as compared to the hit rates which other states in the country have in implementation of projects which were agreed upon during similar meets.
Lauding the efforts of the state government for its special emphasis on energy and infrastructure sectors at the GIM,
Ms Kiran Mazumdar Shaw, Chairman and Managing Director, Biocon, said “Karnataka has been playing a strong leadership role in the knowledge segment not only in India but in Asia also.”
“A meet such as the GIM helps to showcase this huge ecosystem that we have very successfully created in Karnataka. The State has been a very attractive destination in many sectors and two big needs of the state is being addressed,” she added.
“Enhanced energy and enhanced infrastructure will provide for robust growth for the state and we would be creating a very large opportunity for entrepreneurs, job creation and for economic development,” she further stated.
Others present were Prof S. Sadagopan of the IIITB and Dr K.K. Narayan, Chairman and Managing Director of Metahelix.