Something went wrong with the connection!
 Breaking News

Invest Karnataka 2015 postponed to Feb next: Minister

September 16
03:24 2015

State Industries Minister R V DeshpandeBENGALURU: With Karnataka facing a drought, the state government has decided to postpone the much-publicized global investors meet, which was to be held in November, to February next year.

“Unfortunately, we have not seen in the last 44 years a drought as severe as we are seeing today. As many as 136 talukas have been declared drought-affected… So we thought it fit to have the global investors meet (Invest Karnataka 2015) on February 3, 4 and 5, 2016 instead of (this) November 23 to November 25,” State Industries Minister R V Deshpande said.

Another reason for postponing the meet is the power situation as the dams across the state are just 55 per cent full, and farmers and agricultural laborers are in distress, Deshpande said.

“Our hydel dependence is more, and our dams are just 55 per cent full, farmers and agriculture laborers are in distress, and also we are celebrating a low- profile Dasara this year…. so, we thought it is fit to hold the meet next year,” he said.

In spite of the change of dates, the government is hopeful of attracting larger investments that would help the state to grow and create jobs, Deshpande said.

He said it was unfortunate to postpone the big-ticket event because he had taken several steps to woo investors.

“I had a meeting with investors in Delhi. Our teams held several roadshows and also we addressed UK chamber some time back.”

The previous BJP government held two investors’ meets in June 2010 and 2012. It also conducted the Global Agribusiness and Food Processing Summit in 2011.

“We want the right kind of sentiments to prevail in the state when we hold the investors meet, and I believe the power and drought situation will improve in February next year,” Deshpande said.

The state plans to woo investors in various sectors such as manufacturing, agro and food processing, tourism and smart townships.

The focus countries for attracting investment included Japan, Taiwan, the Middle East, Germany, France, Sweden and Singapore.–PTI



Related Articles


Can Modi's Houston event boost Trump's re-election chances?

View Results

Loading ... Loading ...

E-paper Latest Edition

Subscribe to our Digital Edition



Inkasa Interiors | Interior Designer in Delhi

ADVERTISEMENT – Ponderosa Homes

Ponderosa Homes



It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*


Star Tours

ADVERTISEMENT – Global Holidays

Global Holidays Early Bird Discounts


Follow us On Twitter

Happy teachers day to all the teachers who somehow, somewhere not only invested their time into us but also taught…
h J R
Our deepest sympathy to Shri Jagannath Mishra's family. In this time of grief, our thoughts and prayers are with th…
h J R
Not all parts of Article 370 to be valid in Jammu & Kashmir: Home Minister Amit Shah. @AmitShah @narendramodi
h J R
New York’s India Day Parade to honour valour, the sacrifice of Armed Forces Read:
h J R


Subscribe To Our Mailing List

Enter your email address:

Delivered by FeedBurner

Subscribe to IndiaPost by Email

Download Media Kit

India Post Media Kit