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Arun Jaitley speech in Bangalore: From Karnataka being ‘face of India’s growth potential’ to Startups, top 5 noteworthy points

Fri February 05 2016, 4:43 pm
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    Arun Jaitley speech in Bangalore: In a bigs thumbs-up for the state's economy, Finance Minister said that while India's is the fastest growing large economy in the world, Karnataka can surpass that national growth rate as it has a vast potential. Arun Jaitley said, "I think every rupee that goes into Karnataka, investment goes into India's growth..." FM added that Karnataka can grow at least 2-3 per cent faster than India's GDP. FM was speaking after inaugurating the global investors' meet 'Invest Karnataka-2016' there. Chief Minister Siddaramaiah, Union ministers Nitin Gadkari, Venkaiah Naidu and Ananth Kumar, among others, attended the meet. Here is all you wanted to know about Arun Jaitley address in 5 points (PTI) :

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    1. Arun Jaitley speech: "... given its natural advantage, first-grade human resource and the natural technology inclination of entrepreneurs... Karnataka has to grow at least 2-3 per cent ahead of India's GDP." (PTI)

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    2. Arun Jaitley speech: Complimenting the state government for organising the meet, he said, "Karnataka has the capacity, and I think it is that capacity which we have to fully realise."

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    3. Arun Jaitley speech: Karnataka is the leader as far as education is concerned and the state will continue to produce best human resource in India. (PTI)

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    4. Arun Jaitley speech: "One of the best things that happened to Karnataka over the last 2-3 decades was that even in the age of regulated economy, some wisdom dawned on this country and we decided to leave the IT sector alone. Since we left the IT sector alone free from any interference of the government, they prospered. They became in fact a face of India's growth potential". (PTI)

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    5. Arun Jaitley speech: With natural innovation, startups growing in the state, and a lot more potential in aerospace, the state should look at large manufacturing investment potential. Manufacturing is where jobs are... if we are able to concentrate on this with natural advantage of R&D centres worldwide coming into the state, I think we can exploit all these potential and really convert Karnataka into a destination of investment of economic activity of growth. (PTI)

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