Karnataka will help India become $5 trillion economy: CM Yediyurappa


Hubballi, Feb 15 (IANS): Karnataka would significantly contribute towards making India a $5 trillion economy by 2024-25, Chief Minister B.S. Yediyurappa said here on Friday.

"Our state has the ability to contribute to the country's economic growth for achieving the $5 trillion GDP target by 2024-25, as Prime Minister Narendra Modi envisioned," the Chief Minister said at the Invest Karnataka 2020 meet here.

Inaugurating the day-long investors' meet to attract investments and create jobs in the state's northwest and northern regions, Yediyurappa said his government would provide time bound approvals for ease of doing business.

"The Karnataka Land Reforms Act will be amended in the ensuing budget session to fast track the approvals in 30 days," he asserted.

If clearances for land acquisition and conversion are not provided in a month, the investment proposal will be deemed approved under the new law, reiterated the Chief Minister.

Noting that the southern state was rich in natural and human resources, especially in high-technology and skilled workforce, Yediyurappa said investment opportunities were plenty in aerospace, automobiles, machine tools, electric vehicles and bio-technology besides information technology.

"About 40 global firms expressed interest to invest in our state at a roadshow we held at Davos in Switzerland on the sidelines of the World Economic Forum (WEF) meet on January 23," he recalled.

Under the new industrial policy, the state government will set up clusters to make toys at Koppal, textiles at Bellari, solar equipment at Kalaburagi and farm machinery at Bidar.

"We are committed to make north Karnataka a power house of industries for the development of the region, with Hubballi-Dharwad as the growth hub," Yediyurappa added.

State Industries Minister Jagadish Shettar said the presence of about 1,000 investors-cum-industrialists from across the country and overseas was a testimony to the potential of the region for huge investments and job creation.

"As a major destination for investments in the country, Karnataka is chosen by global companies to set up their operations due to our investor-friendly policies and ease of doing business terms," said Shettar, who hails from Hubballi.

Though metropolitan areas are growth engines, Shettar said investments in cities and towns across the state would ensure regional competitiveness and uniform development.

"We are creating an ecosystem in tier II and tier III cities with land banks and regional connectivity for industrial development," Shettar said.

Union Minister for Parliamentary Affairs Pralhad Joshi, Union Minister of Chemicals and Fertilisers D.V. Sadananda Gowda and Minister of State for Railways Suresh Angadi, who hail from the southern state, also participated in the meet.

  

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Comment on this article

  • Aravind Shetty, Mangalore/Riyadh

    Sun, Feb 16 2020

    danikule, dammayya bodchi maare, mith centrald onji jana ind pand dh pand dh maatherlna mange manthnt etthe janakilu marathund, nana dammayya nanora mange malpochdi maare, saakadh pondu niklna "SWAPNA JEEVANA". Devara dayet namma enchala badukuva andala ee 5 trillion kana bodchi.....

    DisAgree Agree [2] Reply Report Abuse

  • k b r, Mangala Uru

    Sat, Feb 15 2020

    by twenteentwentyfour, they will figure out how many zeroes are there in one trillion...

    DisAgree Agree Reply Report Abuse

  • R.Bhandarkar, Mangaluru.

    Sat, Feb 15 2020

    First.....
    Reduce Common Man burden.
    Second....
    Allocate Ministries without being afraid of Shankar somebody and Delhi.H.C. like Congress.
    Coconut tree climber Anand Singh who fought with Ganesaa in Eagleton ...now Minister aa?

    DisAgree [2] Agree [12] Reply Report Abuse

  • Surya, Mlore

    Sat, Feb 15 2020

    Dear Patota Pappu followers ,Those who never ever vote Bjp they have a problem in Each and Everything.
    Dear Modi,BJP or Yadiyurappa haters,My Humble Request is Please Dont Vote BJP,We dont want your vote.,

    DisAgree [7] Agree [4] Reply Report Abuse

  • Rolf, Dubai

    Sat, Feb 15 2020

    All Bakath are missing they went to learn sanskrith to know how many Zero are there in 5 Trillion.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Aloysius, Kinnigoli

    Sat, Feb 15 2020

    Flood affected people yet to get their compensation,
    we blame only pakistan every time for vote bank and talk about only trillions!!! not any chillar talks!

    DisAgree Agree [19] Reply Report Abuse

  • tds, Mangalore

    Sat, Feb 15 2020

    Please speak about something possible.....

    DisAgree Agree [20] Reply Report Abuse

  • Clifford, Mangalore

    Sat, Feb 15 2020

    What a joke. You haven't paid wages of Interns at Wenlock hospital for 11 months. Teachers wages are not paid. Where are you getting money from? Are all politicians returning money they have looted to boost up the economy? There is no money in the banks as their coffers are emptied.

    DisAgree [1] Agree [20] Reply Report Abuse

  • Nawaz, Udupi/ Kuwait

    Sat, Feb 15 2020

    Yedyurappaji,
    Looking at Karnataka's contribution towards GDP, how much Mr. Modi offered you as the relief fund for the recent floods? How many trillions?

    DisAgree [1] Agree [5] Reply Report Abuse

  • Nawaz, Udupi/ Kuwait

    Sat, Feb 15 2020

    How much may Karnataka contribute, it will be spent on Statues of thousands of crores; and then on Ministers' freebies; and then on free religious pilgrimages. Unnecessary Foreign trips and so on.
    But Bhakths only get frustrated on the issue of reservation on jobs for dalits.

    DisAgree [2] Agree [20] Reply Report Abuse

  • SUNNY DSOUZA, MARNIMIKATTE MANGALORE

    Sat, Feb 15 2020

    All mind diverting tactics from the real issue
    Ask Yeddi how many "zeros"are there in a Trellion

    DisAgree [1] Agree [24] Reply Report Abuse

  • Mangalorean, Mangalore

    Sat, Feb 15 2020

    How many 'ton' is kar nataks contribution?

    DisAgree [1] Agree [22] Reply Report Abuse

  • Ramesh, Udupi

    Sat, Feb 15 2020

    5 trillion means more money for ambani and adani.

    DisAgree Agree [31] Reply Report Abuse

  • Alwyn, Mangalore

    Sat, Feb 15 2020

    Karnataka would significantly contribute towards making India a $5 trillion economy by 2024-25, Chief Minister B.S. Yediyurappa said here on Friday.

    If Yeddi is CM by that time, not only Karnataka but whole India will be given to beggars.

    DisAgree [1] Agree [23] Reply Report Abuse

  • Anil, Dubai

    Sat, Feb 15 2020

    must have got the order from central …!!!
    The order is - .“cabinet expansion is over… now do start your job by giving false promises”

    DisAgree Agree [21] Reply Report Abuse

  • Nawaz, Udupi/ Kuwait

    Sat, Feb 15 2020

    How many zeros in 5 trillion?
    BJp: 12 (by heart; after debacle in an interview of a news channel)
    How many zeros in 1 trillion?
    BJp: 12/5=2.4
    Bhakths: Wah Modiji wah. Modi Modi Modi....Modi hai tho mumkin hai.

    DisAgree [1] Agree [17] Reply Report Abuse

  • Nawaz, Udupi/ Kuwait

    Sat, Feb 15 2020

    This balloon of 5 trillion economy is the next Jumla of BJp similar to those of achhe din, 15 lakhs in bank account and sabka saath and sabka vikaas.

    Modi governmenet has not yet cleared dues of many state's share from GST.
    Modi government is repeatedly using RBI's Contigency funds which is otherwise never used as it is the amount reserved for Emergency Cases.
    Record number of Indian investors are fleeing to other countries for Investing outside India.
    All government Public sector companies are on the verge of collapse because of bad management.
    Modi government is selling even profit making Governemnt comapnies to Private companies. This will make create monopoly of Private sector entities in pricing its products while selling the products to customers.
    All publc sector banks are running under loss.
    The Budget has no provisions to Increse the demand and incentivise investors to revive the economy which is near the ICU.

    DisAgree [1] Agree [19] Reply Report Abuse

  • moshu, mangaluru

    Sat, Feb 15 2020

    If not will bhakhts vote him out ? Or will he take sanyas from politics.?
    First of all somebody ask him how many zeros are there in one trillion cuz even Sambit Patra could not answer when Gourav Valabh asked him in one of the debates for his bakwas related to the similar statement.

    DisAgree Agree [16] Reply Report Abuse

  • Kudla Stories, Kudla

    Sat, Feb 15 2020

    Whats the use of the 5 trillion economy if it doesnt help the poor and the scores of people without jobs. Whats the use if it only helps the rich

    DisAgree Agree [20] Reply Report Abuse

  • Nawaz, Udupi/ Kuwait

    Sat, Feb 15 2020

    Amit Shah in an interview: we will move from 3 million ton to 5 million tons. But what he actually meant was 3 trillion dollar economy to 5 trillion dollar economy.

    BJp spokesperson when asked about how many zeros in 5 trillion, has no answer.

    BJp's Subramanian swamy himself told that Finance Minister Nirmala Sitaraman doesn't even know economy.

    DisAgree Agree [21] Reply Report Abuse

  • abdulla, india

    Sat, Feb 15 2020

    Bangalore is Silicon Valley India.
    With 800 million youth and some is the best Talent in the world.
    Time to get into most High technology like Israel.
    A.I...3 D..; Stealth: Robotics: Drones: .Blockchain.
    Like China start high-quality production...,
    then We could be 5 Trillion $ economy.

    DisAgree Agree [13] Reply Report Abuse

  • Nawaz, Udupi/ Kuwiat

    Sat, Feb 15 2020

    Abdulla,
    Appreciate your thoughts for the betterment of our economy. i too share your thoughts.

    But, we are still lacking in providing basic things to the deserving citizens of our country. We are already one of the biggest economies of the world. What we need is to provide basic needs of our people along with the safety and security.

    DisAgree Agree [10] Reply Report Abuse

  • Al Dsouza, Canada

    Sat, Feb 15 2020

    Yeddi' is very confident of trillions of dollar economic plans. India soon will be better and richer than USA. Modi, yeddi, are smart and make India rich

    DisAgree [14] Agree [4] Reply Report Abuse

  • David Pais, Mangalore

    Sat, Feb 15 2020

    30 students b came I'll after hearing 5 trillion economy.

    DisAgree Agree [18] Reply Report Abuse

  • Mangalorean, MANGALURU

    Sat, Feb 15 2020

    Hahahaha... This govt is thrown some or the other demands evry day by the new MLAs which if not fulfilled the govt could be toppled, the base itself isn't stable of the govt and this man is talking things as if he's Trump or something. Wake up boss..

    DisAgree Agree [17] Reply Report Abuse

  • abdul munim, mangaluru

    Sat, Feb 15 2020

    Dear Chaddiyurappa,

    do you know how many zeroes are there in trillion? What a joke from this mudi goobe. lolzzz

    DisAgree Agree [31] Reply Report Abuse

  • AKS KANDAVAR, KUNDAPUR

    Sat, Feb 15 2020

    will tell exactly about ZERO

    DisAgree [2] Agree [3] Reply Report Abuse

  • Khursheed, Abu Dhabi

    Sat, Feb 15 2020

    Yeddi also started to cracking the jokes..

    DisAgree Agree [28] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Feb 15 2020

    First look after your own Chaddi ...

    DisAgree Agree [43] Reply Report Abuse

  • Mangalurian, Mangaluru

    Sat, Feb 15 2020

    The Gujju-bhai is taking The American Mota Bhai to Ahmedabad.

    All foreign businesses invited by the Gujju-bhai might make his state the target of their ventures.

    How will Karnataka get any foreign investment?

    DisAgree Agree [32] Reply Report Abuse

  • Cynthia, Kirem

    Sat, Feb 15 2020

    Then, manya mukhya manthriji, why should we cry for the relief funds from the central? Let's improve ourselves then, we will go to our neighbors...

    DisAgree Agree [41] Reply Report Abuse

  • Sahil, Mangaluru

    Sat, Feb 15 2020

    We pray our bank deposit safe by the end of 2020.

    DisAgree Agree [36] Reply Report Abuse

  • Cynthia, Kirem

    Sat, Feb 15 2020

    Hum sabko bhikari kar denge tho, hamare katori me bheek kon degaa?? Gujrathi tho business minded.. Hamare taraf dekenge bhi Nahi... Only that state is becoming richer and richer... He bhagwan...

    DisAgree Agree [22] Reply Report Abuse

  • George, Mangalore

    Sat, Feb 15 2020

    Thou shall not call the name of God in vain.

    DisAgree [7] Agree [3] Reply Report Abuse

  • Cynthia, Kirem

    Sat, Feb 15 2020

    There are reasons Georgee.. Otherwise why anyone will remember god tell me... When flood comes, when rains are more, when virus become viral, when deposits disappear etc etc etc etc etc...he bhagwan.... God only should help us... George sir...

    DisAgree Agree [9] Report Abuse

  • Rajesh Kumar, Mangalore.

    Sat, Feb 15 2020

    Now sure Yeddi knows how many zeros in Trillion. GAVRAV MUST HAVE TAUGHT HIM.

    DisAgree Agree [34] Reply Report Abuse


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Title : Karnataka will help India become $5 trillion economy: CM Yediyurappa


 
 
 
 

 
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