Karnataka government woos Tamil Nadu investors for November summit

The Karnataka Government and the Confederation of Indian Industry (CII) on Friday  organised a roadshow on ‘The Vendor Development and Investors Summit 2017’, setting the stage for the event scheduled

Published: 16th September 2017 02:48 AM  |   Last Updated: 16th September 2017 08:16 AM   |  A+A-

By Express News Service

CHENNAI: The Karnataka Government and the Confederation of Indian Industry (CII) on Friday  organised a roadshow on ‘The Vendor Development and Investors Summit 2017’, setting the stage for the event scheduled for November 23 and 24 at the Bangalore International Exhibition Centre (BIEC).

The summit looks to enable Original Equipment Manufacturers (OEM) to identify vendors among Micro, Small & Medium Enterprises (MSMEs) while facilitating buyer-seller meets. Speaking at the roadshow, DV Prasad, Additional Chief Secretary, Commerce & Industries Department, Karnataka, said, “Whatever is better suited to be produced in Karnataka according to its ecosystem, should be produced there. There should not be duplication in the efforts of the two States.”

He added that the rise of the country in terms of GDP rides primarily on the shoulders of only seven or eight States including Tamil Nadu, Karnataka, Maharashtra, Gujarat and Odisha. The summit, over an area of two lakh sqft, will display products of MSMEs, Central Public Sector Undertakings (CPSUs), State Public Sector Undertakings (SPSUs) and large-scale enterprises.

The areas of focus in the summit would include aerospace and defence equipment, automobiles and electric vehicles, biotech and pharmaceuticals, textile, agriculture and food processing and start-ups.
R V Deshpande, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka, said, “We are a stable and strong government with consistent policies.” We bring out policies taking on board industries and stakeholders. No State can progress without investments. Investments should come up in Tamil Nadu too; we believe in competition to attract investments.”

The Minister also claimed to have cleared 1.77 lakh investments at the global investors meet, adding that Karnataka was a visionary State. M Ponnuswami, vice chairman, CII Tamil Nadu State Council, Deepak Sood, CEO, Invest Karnataka Forum, Kamal Bali, President & MD, Volvo Group India pvt ltd, L Krishnan,MD, TaeguTec India Pvt Ltd and NV Venkatasubramanian, Chief Executive, L&T valves Ltd were among those present.

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