Minister of State for Industries Murugesh Nirani, who is in Tokyo, assured that the government will encourage and extend support to Japanese companies investing in Karnataka while pitching the state as an investment destination, saying that in the last 3-4 months, .
A delegation led by the minister is visiting Tokyo to invite Japanese investors to participate in the Global Investors Meet (GIM) to be held in Bengaluru from November 2 to 4.
He also invited the Tokyo-Canadian diaspora to participate in the GIM.
Praising Prime Minister Narendra Modi’s efforts to make India globally competitive and also Chief Minister Basavaraj Bommai’s policies for Karnataka’s progress, Nirani said the World Economic Forum meeting in Davos, Switzerland proved fruitful for Karnataka as it succeeded attract huge investments.
“Under the able leadership of Chief Minister Basavaraj Bommai, investment agreements worth Rs 1 lakh crore have been signed in the last 3-4 months,” he said, adding that this only shows the confidence of big companies in Karnataka.
Many more companies have expressed their willingness to invest in the country, he added.
Karnataka and Japan have cordial industrial relations, Nirani said while mentioning the Japan Industrial Township which has been set up at Vasanthanarasapura in Tumakuru district where around 519.55 hectares of land has been allotted and basic infrastructure provided.
“We will encourage and extend all support to Japanese companies investing in Karnataka,” he said, adding that Karnataka tops the list of states that have attracted the most foreign direct investment. “The share of our country in the country’s total foreign direct investment is 38 percent,” he said.
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