K’taka CM to seek investment for state

BENGALURU: Karnataka chief minister Basavaraj Bommai on Sunday left for Davos in Switzerland to take part in the annual meeting of the World Economic Forum (WEF) where he is scheduled to meet industry leaders and others to help attract investments for the southern state.

“I am set to meet many business honchos and captains of industry. Many of them have shown interest in investing in Karnataka. I am confident of getting a good response for our efforts to attract investments to the state,” Bommai said on Sunday before departing for Davos.

Bommai on Sunday said that the state attracted the highest share of foreign direct investment (FDI) in the last quarter.

“India has reported the highest foreign direct investment (FDI Inflow) to the tune of $83.57 billion for the financial year 2021-22. In the computer hardware and software sector, Karnataka bagged the highest share of the FDI inflow (53%) followed by Delhi & Maharastra (17% Each),” he said in a post on Twitter. “I welcome all the Foreign investors to Karnataka and assure that we will provide the best of infrastructural facilities at the quickest possible time,” he added. The state government has also scheduled its global investors meet in November.

“This time the Global Investors’ Meet would not be confined to just singing of MoUs. All the initiatives would be taken to ensure setting up of the industries after signing of MoUs,” he said. Karnataka has been trying to attract investments to generate more jobs and help improve the economy which is yet to fully recover from the pandemic.