Karnataka expecting over ₹5 lakh crore in investments, creation of 5 lakh jobs through GIM: Murugesh Nirani
2 years, 1 month ago

Karnataka expecting over ₹5 lakh crore in investments, creation of 5 lakh jobs through GIM: Murugesh Nirani

The Hindu  

Karnataka captured almost 40% of the total foreign direct investments received by India during fiscal 2021-22. The 2022 edition of its global investment exposition, Global Investors’ Meet, set to be inaugurated on November 2, will only accelerate the flow of investments to the State, said Murugesh Nirani, Minister, Large and Medium Industries, in an interaction with The Hindu. This includes renewable energy player ACME Group’s ₹52,000 crore investment, ISMC Analog Fab committed an investment of ₹22,900 crore for a Semiconductor Fab Plant, Toyota signed for a ₹5,000 crore investment in manufacturing of auto parts, Exide Industries has entered into an agreement to invest ₹6,000 crore in lithium-ion cell production. Petronas is expected to invest ₹31,200 crore to set up a Green Hydrogen & Ammonia project and Continental India plans a ₹1,000 crore investment to increase its R&D footprint in the State. All these new industrial projects are expected to create over 2 lakh new jobs, which will in turn boost consumer confidence and market sentiments and favourably impact the State’s economy.

India Bengaluru Karnataka Investment State Crore Lakh Tier Industries Fdi Lakh Crore Gim Tier 2 And 5 Lakh Jobs  state  creation  murugesh  expecting  tier  crore  karnataka  industries  lakh  gim  jobs  investment  industrial  investments  nirani

History of this topic

Karnataka stands 3rd in country with ₹54,427 cr FDI during 2023-24: CM Siddaramaiah
4 months, 1 week ago

Karnataka stands 3rd in country with ₹54,427 cr FDI during 2023-24: CM Siddaramaiah

Hindustan Times  

Chief Minister Siddaramaiah on Thursday said Karnataka stands third in the country by drawing ₹54,427 crore Foreign Direct Investment during 2023-24. He said the state government has taken up multidimensional programmes in the areas of industry, agriculture, infrastructure development, and education to accelerate economic growth, besides the implementation of welfare programmes. The government has approved 591 investment projects through single …

Coimbatore attracts about ₹ 2,500 crores non-MSME investments at GIM 2024
11 months, 2 weeks ago

Coimbatore attracts about ₹ 2,500 crores non-MSME investments at GIM 2024

The Hindu  

The Tamil Nadu Global Investors Meet 2024, which concluded on January 8, 2024 in Chennai, will bring Coimbatore a handful of major investments — ₹ 750 crores by ZF Group in renewable energy sector, ₹ 1,000 crores by KGiSL Infrastructures in the Information Technology space, and ₹ 275 crores by Kumaraguru Institutions for a technology park. The non-MSME sector in …

What is the Tamil Nadu Global Investors Meet 2024 all about?
11 months, 2 weeks ago

What is the Tamil Nadu Global Investors Meet 2024 all about?

The Hindu  

The Tamil Nadu Global Investors Meet, the government’s ambitious big-ticket event, will take place on January 7 and 8, at Chennai Trade Centre. While Tamil Nadu has held two previous editions of the GIM, on 2015 and 2019, this will be the first under the MK Stalin government. This edition, which will have 9 partner countries and more than 30 …

Karnataka will attract investment of ₹1.4 lakh crore annually: M.B. Patil
1 year ago

Karnataka will attract investment of ₹1.4 lakh crore annually: M.B. Patil

The Hindu  

Karnataka has a mandate to capture investments to the tune of ₹1.4 lakh crore annually to boost the State’s economy, said Minister of Large and Medium Industries M.B. The State was aiming to position itself as a best-in-class investment destination in Asia for future technology and advanced manufacturing, and to achieve this, the government has initiated several strategic initiatives that …

Tamil Nadu is the premier choice for investment in the south: T.R.B. Rajaa
1 year, 1 month ago

Tamil Nadu is the premier choice for investment in the south: T.R.B. Rajaa

The Hindu  

Tamil Nadu is the sector leader in automobile, electric vehicles, Global Capability Centres, renewable energy components, medical device manufacturing, among other, said T.R.B. “Tamil Nadu is the premier choice for investments in this region, a fact underscored by our top rank in Niti Aayog’s Export Preparedness Index, 2022,” he said while delivering his keynote address at the Tamil Nadu Global …

₹100-crore Budget allocation for Global Investors Meet
1 year, 9 months ago

₹100-crore Budget allocation for Global Investors Meet

The Hindu  

The Tamil Nadu Budget has allocated ₹3,268 crore to the Industries Department. Since May 2021, 221 Memoranda of Understanding have been inked for investment commitments worth ₹2,70,020 crore, creating employment opportunities for 3,89,651 people, said Finance Minister Palanivel Thiaga Rajan in his Budget speech. To consolidate the benefits from these investments, guided by the vision to steer Tamil Nadu towards …

AP plans to realise 90% of assured investments during GIS
1 year, 9 months ago

AP plans to realise 90% of assured investments during GIS

Deccan Chronicle  

VIJAYAWADA: As the Andhra Pradesh government is expecting investments in the range of ₹2 lakh crore to over ₹5 lakh crore during the Global Investors Summit, it plans to realise the committed investments to the tune of 80 per cent to 90 per cent, unlike the earlier experience of only 10 per cent. Industry department authorities maintain that as many …

Karnataka inks MoUs for investments worth around ₹10 lakh crore
2 years, 1 month ago

Karnataka inks MoUs for investments worth around ₹10 lakh crore

Hindustan Times  

Karnataka has signed Memoranda of Understanding for investments worth nearly ₹10 lakh crore, during the three-day Global Investors' Meet - 'Invest Karnataka 2022', which concluded here on Friday. READ | Karnataka to get ₹1,500 crore investment from STT Global Data Centres India Stating that of the total MoUs worth ₹9.8 lakh crore so far, projects worth ₹2.83 lakh crore have …

Karnataka to get ₹1,500 crore investment from STT Global Data Centres India
2 years, 1 month ago

Karnataka to get ₹1,500 crore investment from STT Global Data Centres India

Hindustan Times  

STT Global Data Centres India Private Limited aims to establish data centres in Karnataka with a total estimated proposed investment of around ₹1,500 crore. Union Ministers Nirmala Sitharaman, Piyush Goyal and Pralhad Joshi with Union Minister of State for Entrepreneurship Rajeev Chandrasekhar, Karnataka Governor Thaawarchand Gehlot and State Chief Minister Basavaraj Bommai listens to Prime Minister Narendra Modi virtually addresses …

Karnataka govt serious about all business proposals signed during GIM: CM Bommai
2 years, 1 month ago

Karnataka govt serious about all business proposals signed during GIM: CM Bommai

Hindustan Times  

Karnataka Chief Minister Basavaraj Bommai on Wednesday said his government weighed all the business proposals while signing the investment proposals in the state. Bengaluru: Karnataka Chief Minister Basavaraj Bommai speaks during the inauguration of the Global Investors Meet �Invest Karnataka 2022�, at Palace grounds in Bengaluru, Wednesday, Nov. 2, 2022. "The state government has considered seriously all the agreements signed …

DC Edit | FM’s India Inc investment call raises hard questions
2 years, 3 months ago

DC Edit | FM’s India Inc investment call raises hard questions

Deccan Chronicle  

Union finance minister Nirmala Sitharaman’s outburst at a meeting in New Delhi about the poor investment by Indian companies is one of rare occasions where the Narendra Modi government has acknowledged pain points in the Indian economy. The finance minister spoke of foreign companies, which are moving out of China, want to come to India because of the government’s policies …

Karnataka's GSDP May Touch Rs 35 Lakh Crore in Five Years: Deputy Chief Minister
4 years, 4 months ago

Karnataka's GSDP May Touch Rs 35 Lakh Crore in Five Years: Deputy Chief Minister

News 18  

Karnataka's Gross State Domestic Product may touch Rs 35 lakh crore in the next five years notwithstanding the COVID-19 pandemic impact, state Deputy Chief Minister Dr C N Ashwath Narayan said on Sunday. The state, whose GSDP now stands at 15.35 lakh crore, has the potential to reach the Rs 35 lakh crore and the government was leaving stone unturned …

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