Benagluru/New Delhi: Narendra Modi addressed the inaugural function of Invest Karnataka 2022, the Global Investors Meet of the state on Wednesday via video conferencing, said a press release. "The meet aims to attract prospective investors and set up a development plan for the next decade. The three-day programme, being held from November 2 to November 4 in Bengaluru would witness more than 80 speaker sessions. The speakers will include some of the top industry leaders such as Kumar Mangalam Birla, Sajjan Jindal and Vikram Kirloskar among others", it added.
"A number of business exhibitions with more than 300 exhibitors and country sessions would run parallelly. The country sessions would be hosted by the partner countries like France, Germany, Netherlands, South Korea, Japan, and Australia. These sessions would be bringing in high-level ministerial and industrial delegations from the respective countries. The global scale of the event will give Karnataka an opportunity to showcase its culture to the world as well", said a press release.
Addressing the gathering, the Prime Minister remarked that Karnataka is an amalgamation of tradition and technology, nature and culture, wonderful architecture and vibrant startups. "Brand Bengaluru comes foremost to the mind when it comes to talent or technology. This name is well established not only in India but the entire world", Modi said.
"PM expressed his delight at the organisation of the investors' meeting in Karnataka and remarked that it is a perfect example of competitive and cooperative federalism. He noted that manufacturing and production are majorly dependent on the policies and control of the state government", said the release.
"Through this Global Investors' Meet, states can target specific sectors and forge a partnership with other countries", Modi said and expressed happiness that crores of partnerships are planned at this meet which will result in boosting employment for the youth of the nation.
Citing various examples, PM stated that Karnataka continues to maintain its place among the top rankers in the Ease of Doing Business and credited this to its inclusion in the list of top states in terms of FDI. He underlined, "400 of the Fortune 500 companies are here and out of 100 plus unicorns of India, more than 40 are in Karnataka", he added.
Modi said, "Karnataka is being counted as the largest technology cluster in the world today which is home to industry, information technology, fintech, biotech, startups as well as sustainable energy."
"A new story of development is being written in every field", he added. He further said that several development parameters of Karnataka are challenging not only other states of India but also some countries.
PM Modi concluded his address and said, "Investing in India means investing in inclusion, investing in Democracy, investing for the world, and investing for a better, cleaner and a safer planet".
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)