Column : Karnataka’s manufacturing deficit
On Wednesday, Gowda said the idea was to attract significant investments in the energy and infrastructure sectors. Over 80 Fortune 500 companies are said to be participating, though it was tough to arrive at that number on last count. Large business houses like the Aditya Birla Group, JSW and Suzlon announced large investments in the state during the event. Signing up for a high-speed train network with the Japanese is part of the agenda as well. Setting up an aerospace park is another project on the anvil. The state’s industries minister, Murugesh Nirani, has said that most of the investments will be made in cluster-based industries such as plastic, packaging, aerospace and pharmaceuticals. He said the expectation was that 70% of the proposed investments will be made over the next five years.
“We now seek to replicate our success in the services sector in the manufacturing sector,” said Sadananda Gowda during the GIM.
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