Kiran Mazumdar Shaw lauds special impetus on energy and infrastructure

Bangalore-In what could reinforce the fact that Karnataka retains its position as the most favoured investment destination in India,  the State has already crossed its target of garnering investments to the tune of Rs. 6 lakh crores in its forthcoming Global Investors Meet 2012.

Making this landmark announcement today, Mr. M N Vidyashankar, Principal Secretary, Industries Department said, “The State has already crossed the Rs.6 lakh crore mark which we had envisioned for Global Investors Meet 2012.   The emphasis this time has been on the energy and infrastructure sectors. Close to 32-33% of all investments during GIM 2012 is from important sectors like energy, Infrastructure, Tourism, Health care among others.”

 “The GIM 2010 had a total value participation of Rs.3.89 lakh crores and the hit rate was close to about 62-63% which is a very high figure as compared to the hit rates which other states in the country have in implementation of projects which were agreed upon during similar meets,” he added.

Lauding the efforts of the Karnataka government for its special emphasis on Energy and Infrastructure sectors this year, Ms Kiran Mazumdar Shaw, Managing Director BIOCON said that Karnataka has been playing a strong leadership role in the knowledge segment not only in India but in Asia also. “A meet such as the GIM helps to showcase this huge ecosystem that we have very successfully created in Karnataka. The State has been a very attractive destination in many sectors and one of the very important focus areas this time is in the Energy and Infrastructure. These are two big needs of the state where we are in urgent need of both energy and advanced infrastructure,” said Ms Shaw.

“Enhanced Energy and Enhanced infrastructure will provide for robust growth for the State and we would be creating a very large opportunity for entrepreneurs, job creation and for economic development,” Ms Shaw stated.

Others present on the dais were Mr.S.Sadagopan of the IIITB and Dr. K K Narayan, CMD of Metahelix.