COVID-19: Karnataka to postpone Global Investors Meet
Bengaluru: The Karnataka government will postpone the Global Investors Meet (GIM) planned in November this year by a few months following inadequate preparations due to the COVID-19 induced lockdown, Large and Medium Scale Industries Minister Jagadish Shettar said on Wednesday.
Speaking to PTI, he said the government had initiated preparations for hosting the three-day GIM, slated from November 3, but could not take up pre-event activities thereafter in the last two-and-half months due to 'stay-at- home' restrictions following the pandemic.
"We need at least six months of preparations to host such a global scale event in terms of holding road shows in different cities, including overseas, to invite investors", Shettar noted.
The Minister said the government would decide in June- July on the new dates of the GIM.
"It will not be cancelled. It will be put off by a few months". He also said the Government would come out with a new industrial policy soon.
"Everything is ready. It is pending before the Finance Department for approval.
After that, it will be taken to the Cabinet. Our expectation is that it would be unveiled as early as possible", Shettar said.
On the losses incurred by large and medium scale industries in Karnataka due to the lockdown, the Minister said it's believed to be thousands of crores of Rupees, but added that no estimation has yet been made.
The State Government earlier this month constituted a Special Investment Promotion Task Force to woo multinational companies looking to shift their manufacturing bases from China.
"Several people are interacting with us", Shettar said when asked if the State has received enquiries for potential investment in this regard.
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Cristiano Ronaldo scores his 100th Saudi Pro League goal
Riyadh (AP): Cristiano Ronaldo scored his 100th Saudi Pro League goal as Al-Nassr beat Al-Shabab 4-2 to move five points clear at the top of the table.
The 41-year-old forward converted a Sadio Mané cross at the near post with 15 minutes remaining to record the 971st goal of his career on Thursday. It was also his 26th league goal of the season.
“Ronaldo is always dangerous going forward and we saw that again today,” Al-Nassr coach Jorge Jesus said.
João Félix, signed from Chelsea in July, scored three goals for the league leaders.
The win took Al-Nassr to 82 points from 32 games, five ahead of Al-Hilal, which has three matches, one more than Nassr, left to play. Al-Hilal meets Al-Kholood on Friday and faces Nassr on Tuesday in what could be a title decider against its Riyadh rival.
“Now we have a derby match against our rival, which is a difficult encounter,” Jesus said.
“We are fully aware of its importance, and we are dealing with it with complete focus as we know that small details could decide the result.”
Ronaldo, a five-time Ballon d'Or winner, has yet to secure a major trophy in Saudi Arabia since signing with Al-Nassr in December 2022.
