A six-month report card on the Global Investors Meet-2012 was released by Chief Minister Jagadish Shettar along with Large and Medium Industries Minister Murugesh Nirani here on Monday.
The report indicated that 14 projects in large and medium sectors with investments worth Rs 4,351 crores have been implemented, and they provided employment to over 5,000 persons.
A total of 751 Memorandums of Understanding (MoUs) and Expressions of Interest valued at Rs 7.56 lakh crore were signed during the two-day Global Investors Meet (GIM) that was held on June 7 and 8 this year. In addition to them, 31 projects worth Rs 10,664 crore were under construction and 203 projects valued at Rs 1,58,985 crore were under various stages of implementation.
The chief minister also announced that the next edition of GIM will be held on June 2 and 3 in 2014. “If all MoUs signed in 2010 and 2012 GIMs were implemented, there is no doubt that Karnataka would register a remarkable growth in the industrial sector,” he said.
During the first edition of the investors meets under the incumbent government, the government claimed that 389 projects worth Rs 3.82 lakh crores were signed. In GIM 2012, over 700 MoUs have been signed for investments worth over Rs 7.5 lakh crores.
In Large and Medium Industries sector, out of the Rs 6.78 lakh crores assured 14 projects worth Rs 1.74 lakh crores have been implemented. As far as micro, small and medium enterprises sector is concerned, Shettar said, 776 projects worth `4,350 crores had been implemented out of the assured investment of around `10,000 crore.
While a separate portal has been set up to see the number of MoUs signed, he informed the media that there was a provision for submitting online applications to set up industries.
A Dashboard system has been created by Karnataka Udyog Mitra, which provides information regarding documents to be submitted to set up industries.
The Karnataka chief secretary holds review meetings of GIM projects every week and update industries concerned on the progress of their applications, Shettar added.
Nirani said the government aimed at a 65 per cent “strike rate” or conversion rate for projects signed during the meet. He was confident that all the projects would become functional within a period of five years.
The minister said all projects were being reviewed by principal secretary every Monday.