9.82 lakh crore investments, 5 lakh jobs from GIM 22 augur well for State: FKCCI
B.V. Gopal Reddy

With investment proposals worth nearly Rs 9.2 lakh crore netted at the Global Investors Meet – Invest Karnataka 2022, Karnataka has proved that it is one of the most preferred investment destinations not just within the country, but also globally.

The Bommai Government deserves kudos for its drive and serious intent in holding the Summit, despite several global challenges faced by the business community worldwide.

The response to the GIM has exceeded the expectations of the Government and even industry-watchers, underscoring the investor confidence in the State.

The booklet on the details of investment proposals and the likely jobs they are expected to be created will throw further light on the scope and prospects for the future, and we will have to wait for its release for a more considered view.

However, the buzz created by the 100% investor participation is indisputable and a vote of confidence on the State government.

It is clear that the Prime Minister’s inaugural address where he highlighted the global significance of Brand Bengaluru along with the international assessment that the Indian economy is the only bright spot in the world currently, has caught the imagination of the participants.

We now hope that the airports coming up in Hassan, Shivamogga and Vijayapura will become operational soon as promised at the Summit.

On its part, FKCCI will continue to work with the State government and other stakeholders to ensure that the investment proposals fructify in reality and take off on the ground, without any delays in commissioning the projects.

B.V. Gopal Reddy
FKCCI President

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