The focussed pavilions planned are Aerospae and Defence, Automobiles, Machine Tools & Textiles, ICT, Electronics and Hardware, Agrotech and Food Processing, Healthcare & Life sciences, Infrastructure, Renewable Energy, Skills, Education and R&D, Tourism, Leading Nations & States of India and Banking, Financial services and Insurance.
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“Speaking after inaugurating the global investors” meet “Invest Karnataka-2016′, Mr Jaitley said: “… given its natural advantage, first-grade human resource and the natural technology inclination of entrepreneurs…
“States which have a consistent track record of a stable administration, a good governance, clean administration, stable politics, stable policies, easy availability of land, natural resources, easier prospects of doing business…it is those states which will then become the primary destinations as far as the investments are concerned”, he said. We are still growing.
Jaitley said there is no other cure for depletion of poverty and its final elimination other than making India grow.
Addressing the problem of poverty, the minister said that Governments should make people come out of poverty.
While Karnataka has emerged as an economically progressive state on the back of a services and agricultural economy, the state needs to attract large industries, he said. Manufacturing sector should be developed and Research & Development should be improved for the overall national growth said the minister. India is withstanding the adverse effects of the global economic slowdown. Federalism and democracy should be the strength of the government and not the obstacle.
Centre ready to help Karnataka: Naidu Union Minister for Urban Development M Venkaiah Naidu said that Central Government has always been ready to be a partner in the development of Karnataka. Arundhati Bhattacharya and senior officials of Ministry of Finance and other participating Ministries, State Governments and representatives of various Sovereign Wealth Funds, Pension Funds and institutional investors both domestic and global, were also present in large number on this occasion. Nitin Gadkari, Union Minister for Road Transports, Highways and Shipping, Shri.
Deshpande said that over the two days, a total of 26 sectors, thematic and country sessions have been organised in which 5,000 delegates have registered. Ananth Kumar, Union Minister for Chemicals and Fertilizers, Shri.
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The Union government stole the show on Wednesday at Invest Karnataka – 2016 by making big announcements on implementing infrastructure projects in the State.
