Lockheed Martin promises to explore investment in Karnataka


From Our Special Correspondent
Daijiworld Media Network

Bengaluru, Jan 22: World leader in aerospace and security, Lockheed Martin Company’s Executive Vice President Richard Ambrose has promised Karnataka Chief Minister B S Yediyurappa of his plans to visit Bengaluru soon to explore the possibilities of his Company’s investing in the State and also take up Research and Development activities.

The Chief Minister, who is on day three of his visit to Davos to attend the World Economic Forum summit, presented the Karnataka scenarios on aerospace and global security systems and said 400 of the top 500 Fortune companies have their presence in the State and Karnataka would provide an ideal investment opportunity.

State Chief Secretary T M Vijayabhaskar, who is accompanying the Chief Minister along with State Large and Medium Industries Minister Jagadish Shettar, said Karnataka had the best eco-system for aerospace industries and multicore processor units.

`The infrastructure facilities and investment opportunities along with the best professional talent and manpower would help Lockheed Martin the harness the State’s industrial potential and get good investment opportunities,’’ he said.

Another investor, Denso, a global automotive component manufacturer, also held a meeting with the Karnataka delegation with the company’s Executive Vice President Hiroyuki Wakabasyi said the company already had an excellence and research centre in Delhi and would consider Bangalore in its expansion plans in South India.

Denso already has a unit in collaboration with Kirloskar at Nelamangala with a workforce of over 400.

Novo Nordisk, a Danish company pioneer in drugs manufacture has come out with a proposal to supply diabetic drugs to patients through health department at an affordable price with Novo Nordisk President and CEO Lars Fruergaard Jorgensen planning to take up educative programmes for the diabetic patients who have various stages of disease and work in tandem with the Karnataka government.

“If the government agrees we will provide diabetic drugs at affordable prices to the group of people selected by the state government in addition to making them more intelligent in handling this disease, we will also educate the people on its prevention, keep it under control and how to tackle it if it once afflicts,’’ he said.

Yediyurappa said the State Government is ready to take company’s help in tackling this diabetic menace. Chief secretary T M Vijayabhasker said he will look forward to have a fruitful dialogue with the company experts on the issue. “We are keen to help the diabetic patients, particularly the poor who cannot afford drugs,’’ he said.

Overall, the day three turned out to be quite fruitful for the State with concrete investment promises from some of the top companies, including Dassault Systems, Arcelor Mittal, Baharat Forge, Loockheed Martin, Lulu group and Novo Nordisk.

The Chief Minster assured all the potential investors that the State Government would go out of the way in resolving all their issues and clear all their hurdles to make the investments a reality. “I am serious on this score and my officers will work over time to facilitate your investments,’’ he declared.

Dassault Systems 3DS, which already has a presence in Bengaluru, came with an assurance from the group Vice President Florence Verzelen that she willinitiate measures to set up two “centres of excellence,’’ one at around Bengaluru and another in mofussil district.

“We will train nearly 2000 youth in each centre every year who will be ready to take up the skilled jobs in big companies. ``We will also train the engineering graduates and our investment is around a million Euros on these centres.

When the chief minister pointed out to her the growing demand for youth trained in aerospace and defense production techniques with Bengaluru becoming a hub of defense accessories, she responded positively.

Global steel major Arcelor Mittal’s Laxmi N Mittal, who attended the dinner hosted by CII last night which chief minister Yediyurappa attended and met the chief minister again on Wednesday at Karnataka pavilion and discussed about the Company’s interest to invest in Karnataka where he already has 3000 acres of land at his disposal In Bellary district.

Pointing out that the permission given by previous BJP government headed by Yediyurappa in 2010 to start a steel plant, he said the project has run into troubled water for various reasons and urged the Chief Minister to sort out the issues at the earliest.

Lulu Group Chairman Yusuf Ali said he would initiate measures to invest Rs 2000 crore in Karnataka in logistics field.

Madhya Pradesh Chief Minister Kamal Nath also had a breakfast meeting with Yediyurappa and discussed collaboration between the two states.

 

  

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Comment on this article

  • Peshu, Manipal

    Thu, Jan 23 2020

    Lockheed Modi - digital India
    Lockheed Modi - high Tech City
    Lockheed Modi - Pumpwell flyover

    Haha - we are in real ache din

    DisAgree Agree [1] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Thu, Jan 23 2020

    Operations specialist Dr Yeddy looks dapper in suit & boot, so does majhi CM Jagdish Shettar.
    No wonder the investments are a coming, perhaps Jossey or Bhandu Maam or Flavian or me too could've accompanied them for better results

    DisAgree [1] Agree [1] Reply Report Abuse

  • Richard, India

    Thu, Jan 23 2020

    Readers, do remember to check on this story after one year to see the progress !!!

    DisAgree [1] Agree Reply Report Abuse

  • Jason, Mangalore

    Thu, Jan 23 2020

    Why wear Suit n Boot Mr. yeddy..
    Y not wear Indian Dress...
    How dare you promote westernization...
    Y ask help of Lokheed martin...?Where is make in india??

    DisAgree [4] Agree [2] Reply Report Abuse

  • Ravindra Bhat, Mangalore/Bengaluru

    Thu, Jan 23 2020

    There is no use for the people of Karnataka in FDI because most of the jobs are bagged by the people from rest of the state and not for the state people.we've been witnessing in most of the multinational companies in Bengaluru where Kannadigas are being treated with step motherly treatment. It's really a sad state of affairs.

    DisAgree Agree [2] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Thu, Jan 23 2020

    Good news especially when India's economy is moving in declining trend.
    Foreign investments may encourage more job opportunities for qualified graduates and technically skilled people. God bless.

    DisAgree Agree [4] Reply Report Abuse

  • Rao, Udupi

    Thu, Jan 23 2020

    Instead of only concentrating in Bengaluru, let them spread to Tier2 cities like Mangaluru, Mysore etc.

    This will have balanced development of Karnataka.

    DisAgree Agree [25] Reply Report Abuse

  • Sourabh jugraj, Mangalore

    Thu, Jan 23 2020

    Absolutely right. Infact after bangalore, Mangalore has to be considered.

    DisAgree Agree [16] Reply Report Abuse

  • Dylan, Mangalore

    Thu, Jan 23 2020

    CM should have found someone to complete the Pumpwell flyover.

    DisAgree [6] Agree [30] Reply Report Abuse

  • Nice, Mangalore

    Thu, Jan 23 2020

    .

    :)

    Good One

    .

    DisAgree [1] Agree [5] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Jan 23 2020

    Our Political Parties have already taken money from Raphael ...

    DisAgree [9] Agree [23] Reply Report Abuse

  • Sreekumar, Manipal

    Thu, Jan 23 2020

    If they come it would be big boost for Karnataka . ALreay we are leading IT sector Now with this move Karnataka will race ahead in aerospace technology as one of the best in COuntry.

    DisAgree [1] Agree [20] Reply Report Abuse

  • ray, mangalore

    Thu, Jan 23 2020

    Till now only promises are done..so we can talk after the reality is done!!!

    DisAgree [2] Agree [11] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Jan 23 2020

    Only Kejriwal kept his Promises ...

    DisAgree [12] Agree [28] Reply Report Abuse

  • abdulla, india

    Thu, Jan 23 2020

    1.3 Billion of us.
    Engineers/techs/ IT/AI ..what else :
    Software...
    India has the : Steel: Aluminum...Composite.Man power., Market. Money need Technology
    Let us bring in the best of the best to be the World Hub in Manufacture of Series of Aircrafts..Aero Engines.
    All Varieties.... Latest technology...Drones... Lasers.. Drones...
    and now Space and Galaxy..Planets is the future.
    India has so much of Resources....
    Human resource....
    Maerial resource...
    technology
    money
    Let us Integrate.
    Men ..material ..money/..
    set up World class . Research and Developt..
    Wind Tunnel.
    Aviation Industry..
    Academy..
    make it the bests in the world
    with the Highest Quality and Discipline.

    DisAgree [2] Agree [12] Reply Report Abuse

  • abdulla, india

    Thu, Jan 23 2020

    Karnataka State should be a Friendly state in terms of Governance.. .
    Business-friendly..Customer Friendly..
    clarity...
    Safe ..secure.
    Clean....
    Availability of Educated a skilled Workforce.
    Clean shelter to all Levels....Housing well planned and Neat and clean Roads..
    Set up iit /Vocational Training Institutes...
    No more RED TAPE....
    Efficient and smart city.
    All transport should be Excellent.

    DisAgree Agree [12] Reply Report Abuse

  • G Veer S, Nagpur

    Wed, Jan 22 2020

    For any multinationals to invest in India opportunities are only on Detention Centres, Masked Foriegn Goons, Go Door To Door to Fake About CAA and demand documents from citizens by birth, mob lynchers, minority holy places vandalising. Other than these BJP brand of national duties the environment is not conducive for any other investment. Anyway thank you Yeddy for being Lockheed Martin's spokesman.

    DisAgree [10] Agree [7] Reply Report Abuse


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