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Karnataka accounts for 44% of India’s investment plans
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BENGALURU: Karnataka accounts for an almost-unbelievable 44.3% of t he total investment intentions in the country in 2017. The figures from the Union commerce and industry ministry for January to September show Rs 1,47,625 crore worth of investment proposals have come into the state. That’s out of a total of Rs 3.3 lakh crore for the whole of India.
Industries minister RV Deshpande said Karnataka is unarguably an attractive investment destination, given its rich demographics. "I don’t want to claim this has happened only because of me or my government. Various stakeholders, especially the IT sector, have played a big role.
We have collectively become No. 1 and the government is only claiming credit for being the catalyst and supporting industries with some progressive policies," he said. Industry ministry officials said the IT sector accounts for the major share of investment proposals, followed by the energy sector, R&D, engineering and tourism. Among major projects approved in the past few months are Oracle’s special economic zone (SEZ) with an investment of Rs 2,348 crore, and L&T Construction Equipment’s investment of Rs 2,080 crore to set up two IT/ITeS SEZ projects.
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