From Our Special Correspondent
Daijiworld Media Network

Bengaluru, Sep 24: Aiming to attract more investments and spur economic growth hit by the pandemic, Karnataka will host Global Investors Meet (GIM) between November 2 and 4 next year, Large Assembly on Friday.

Replying to Congress MLA Priyank Kharge during the question hour, Nirani said the government has decided to hold investors meet to attract more investments.

“We have decided to hold a 3-day Global Investors Meet from November 2, 2022 to attract more investments and push industrial growth. The flow of national and foreign investments into Karnataka will increase due to GIM and help create more jobs. I will hold discussion with Chief Minister Basavaraj Bommai again and confirm the date,” Nirani stated.

Briefing on the development of Bulk Drug Park in Yadgir district, Nirani said the state government will set up a Drug Park in collaboration with the Centre.

“Central government will provide Rs 1000 crore grants to set up Bulk Drug Park and Karnataka is one of the three states chosen for this project. This will help create jobs in this region,” Nirani said.

Clarifying on Tata Nano opting for Gujarat in 2010, the Minister said the company could not invest in the State due to lack of land bank.

“Former Chief Minister B S Yediyurappa had held discussions with the company chiefs but the company moved to Gujarat as land was not available at the right time. So we introduced the land bank concept which helped many industries set up shops here. The land back concept will be reintroduced soon,” minister maintained.

The minister said the government has acquired 3232 and 3282 acres of land in Kadechur and Badiyal villages of Yadgir district out of which 1600 acres of land developed and distributed to industrialists.

Speaking about the national industrial corridors in the state, Nirani said this will bring a huge transformation in the industrial sector.

“Steps are being taken to implement Chennai-Bengaluru Industrial Corridor, Mumbai-Bengaluru Economic Corridor and Hyderabad-Bengaluru Industrial Corridor projects which will transform the industrial sector in a big way,” Nirani said.

Replying to MLA Eshwar Khandre’s query, the Industries Minister said KIADB is developing lands to promote industries in Bidar district.

“KIADB has acquired 1096.55 acres of land in Bidar for industrial purposes out of which 1432.33 acres of land allotted to 1392 units. And 1150 acres of land reserved for four projects. We need to increase the utilization of land for industrial growth in the state,” Nirani said.