We will hard sell Karnataka at 'Pravasi Bharatiya Divas': Siddaramaiah

Bengaluru: Chief Minister Siddaramaiah on Friday appealed to non-resident Kannadigas and Non-resident Indians to invest in the state.

After launching the new NRI policy of the state here, he said, “The three-day Pravasi Bharatiya Divas will provide ample opportunity for the state to showcase its progress in attracting investments. We will try to hard sell our plus points to attract investments.”

Major and Medium Industries Minister R.V. Deshpande said that the state government intends to offer several subsidies to NRIs who are willing to invest more than Rs 250 crore.  

“The NRI Policy of Karnataka also proposes to engage NRIs/NRKs in the economic, social and technological development, apart from working out country-specific plans for forging a mutually beneficial relationship with the NRIs/NRKs,” he said.

Mr Deshpande said that the non-resident Indian forum that was established in 2008 has been playing a vital role in strengthening the links between the Karnataka diaspora and several cultural organisations spread across the world, apart from motivating them to bring in investments to the state.

“The NRI Policy comprehensively looks into aspirations, requirements and expectations of the Kannadiga diaspora and promotion of culture and festivities, art and culture among NRIs/NRKs,” Mr Deshpande  said.

Karnataka right destination for investments: Deshpande
Highlighting the measures taken by the state government to make it easy for setting up and doing business in the state, Minister for Large and Medium-Scale Industries R.V. Deshpande invited the overseas Indian community to invest in the state.

He was inaugurating the conclave – ‘India's Growing Economy and Rising Soft Power: Business Opportunity for Diaspora’, organised by the People of Indian Origin Chamber of Commerce & Industry (PIOCCI) in conjunction with three-day Pravasi Bharatiya Divas 2017 on Friday. He said, “We are ready to hear investment proposals from the Indian diaspora. According to statistics, Karnataka tops in clearing investment proposals. Our government is ready to offer all support to investors. For the interested entrepreneurs, we have made specials arrangements to tour the state and choose preferred locations for their investment.”

He assured the Indian diaspora that investment proposals will be cleared at once across the table and projects will be allotted land and other facilities at the earliest.   Mr B.V. Naidu, former director, Software Technology Parks of India, spoke.