NRI Forum Karnataka – in PBD 2015 and VG 2015 event at Gandhinagar, Gujarat:
Karnataka State will participate in the presitgious event of India, PBD 2015, with full capacity to attract the investors. Having setup a huge stall at the event, Karnataka State will show case the capabilities of Karnataka providing basic and advanced facilities for all the investors who are targeting Karnataka State in the Industrial Verticals including:
- 1. Infrastructure (Railway, Road/Bridge, Ports, Urban Development, Rural Development, etc)
- 2. IT / BT startups with dedicated development centers with hi-tech talent pools
- 3. Manufacturing – in all the sectors including Steel, Automobiles, Aviation, Spacecraft, Medicine, Textiles
- 4. Petroleum and Chemicals
- 5. Apparels and Footware
- 6. Textile and Garments
- 7. Tourism
- 8. R&D, Science and Higher Education
- 9. Healthcare and Science (advantage Medical Tourism)
- 10. Aviation & Aerospace
With the abundant resources made available by the proactive actions initiated by the Govt of Karnataka in the last decade, the investors getting the maxmimum benefit from their investments. The ROI on their investments is much higher than in any other states of India.
Karnataka State has been forerunner in the IT/BT field. There are more than 2500 plus MNC organisations operating from Karnataka with more than 30 lakhs of skilled resources engaged into the businesses. The IT / BT contribution (US$ 28 Bn) of Karnataka State is more than 30% of the total exports of India (US# 90 Bn) in the last year. Karnataka has generated over 20 Lakh of direct employments in the last two years and over 80 laks of indirect employments, in the state. We expect this to grow between 15-20% in the current year. Majro advantage of Skilled Talent Pool and ready infrastructure for the investors, have been key success factors for their growth. The state has taken major initiatives to bring up second tier cities meeting the xpectations of the investors. Huge investments in providing free Wi-Fi to the planned cities in second tier has been major initiative of the State to release the bottlenecks of growth in main cities like Bangalore, Mysore, Mangalore, Hubli, Bidar,etc.
Recent proactive actions in the field of Aviation and Aerospace by the state of Karnataka has been attracting huge investments from the NRIs//MNCs.
Manufacturing sector has been growing with a scale of 20-25%. Automobile and ancilliaries have shown a major leap growth in the last 5 yrs. Govt has been providing sufficient power, water and infrastructure for the growth of ancillaries.