JOIN US“If you want to make rich dividends, then you (investor) must invest in Karnataka,” according to Minister for Higher Education and Tourism, Government of Karnataka, R V Deshpande.
Addressing delegates at the 17th edition of South East Asia’s largest industrial show IMTEX 2015, organised by Indian Machine Tool Manufacturer’s Association (IMTMA), at BIEC, Deshpande said, “The Government of Karnataka is leaving no stone unturned in attracting investors to invest in the State by promising transparency and single-window system in clearing new projects.”
Deshpande agreed that Karnataka is facing stiff competition from different states in wooing investors to invest, but reminded that Karnataka is the hub of the machine tool industry.
“Karnataka is a hub for the machine tool industry and we have constituted a unique industrial policy that supports the sector. We assure manufacturers from across the world that they will receive our whole-hearted support and urge them to set up their business in the State. In Karnataka, we have over 4,000 startup companies valued at Rs 3 lakh crore, and every year close to 800 new companies mushroom.”
Union Minister of State for Heavy Industries & Public Enterprises G M Siddeshwara said, “We are dedicating a sum of Rs 124 crore for the upcoming machine tool park in Karnataka.” The seven-day exhibition will feature over 900 exhibitors from 24 countries.