Karnataka signs EoIs for Rs 52K cr at Vibrant Gujarat

Last Updated: Mon, Jan 14, 2013 07:16 hrs

The Karnataka government has signed expressions of interest (EoI) for an investment proposals worth Rs 52,000 crore with investors at the just-concluded Vibrant Gujarat Summit organised by the government of Gujarat.

A delegation, led by state minister for large and medium industries Murugesh R Nirani and accompanied by a team of senior-level officers, participated at the investment summit and held one-to-one meetings with several industries for investing in the state, an official statement said.

The state government signed EoIs with companies like Zydus Cadilla, Gitam Energy Generation Pvt Ltd, Creative Infocity Ltd, Park Power Generation, Nanotech Bio Sciences Technologies, Entire Ceramics, Geo Syndicate Power Pvt Ltd, Global Solar Florida USA among others. Investment interests were received in energy, biotechnology, pharmaceuticals, aerospace, clean energy, IT infrastructure and other sectors.

M N Vidyashankar, principal secretary, department of commerce and industries, M Maheshwar Rao, commissioner for industries, and other senior officials accompanied Nirani at the summit.

The state delegation also met Russian Minister for Economic Development, UKTI (UK Trade and Investment), Japan delegation and Canada Trade Council, Frankfurt Trade Council among others.

He also hosted a dinner for over 150 investors of Gujarat and other parts of the country that participated in the event.

Further, 107-member business delegation from Karnataka participated in 120 B2B networking meetings.

VITC, the trade promotion agency of Karnataka held discussions with 10 foreign trade bodies from Bahrain, Yaroslav, Holland, Thailand, Botswana, Germany, Poland, Japan, Canada, UK and Australia.

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