CM to Visit US to Woo Investors

Published: 25th December 2014 05:55 AM  |   Last Updated: 25th December 2014 05:55 AM   |  A+A-

BENGALURU: Chief Minister Siddaramaiah will  soon go on a business tour to the United States (US) to showcase Karnataka as a preferred destination for investment soon, IT/ BT Minister S R Patil said on Wednesday.

He told reporters that the itinerary of the Siddaramaiah’s programme would be announced soon. Siddaramaiah would lead a delegation of senior officials and leading industrialists, he added.

Maintaining that Karnataka offers the best atmosphere for investment in various sectors including mining, education, science and technology, aerospace and automobile, he said, “The state government would offer special incentives to those investors who would choose Tier II cities,” he said.

Replying to a question, he said nine companies had responded to a proposal to provide WiFi facility in the state, for which the IT department had floated a tender to receive Expression of Interest.

“Initially, 200 hotspots in Bengaluru city would be provided with the facility,” he said.

He said that the IT Department had received a communication from HUDCO sanctioning a soft loan of `1,000 crore towards the implementation of Information Technology Investment Region (ITIR) project near Devanahalli.

“The funds would be utilised to acquire land for the proposed project for which the KIADB had notified about 2,072 acres,” he said.


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